Answer:
Profit is higher, and output level is lower in Cournot.
Explanation:
Cournot competition is a type of economic model which describes an industry setting whereby firms that produce the same product compete on the amount of product to manufacture.
This type of competition involves more than one firm in which each firm's output decision affects the price of the product in the market. In cournot equilibrum each firm decide on the quantity of products to produce inorder to maximise profit.
Answer:
Cash paid will be equal to $311000
Explanation:
We have given cost of goods sold = $300000
Increase in inventory = $5000
Decrease in account payable = $6000
We have to find the amount of cash paid to the suppliers.
Amount of cash paid to the suppliers will be equal to
Cash paid = amount of goods sold + increase in inventory + decrease in account payable.
= $300000+$5000+$6000 = $311000
So cash paid will be equal to $311000
Answer:
Equilibrium price = Decreases
Equilibrium quantity = Indeterminate
Explanation:
Here, we suppose that tea and coffee are substitute goods and we know that substitute goods have a positive cross price elasticity of demand.
So, if there is a fall in the price of tea then as a result the demand for coffee decreases which shifts the demand curve of coffee leftwards.
And, there is a fall in the price of coffee beans due to the better weather condition and coffee beans are used as an ingredient for producing coffee.
Hence, there is a fall in the cost of production of coffee which increases the supply of coffee and shifts the supply curve of coffee rightwards.
Therefore, there is a fall in the equilibrium price level of coffee and the effect of these shifts on the equilibrium quantity is indeterminate because that will be dependent upon the magnitude of the shifts of both the curves.
Answer:
it think its B.) business partners
i'm not 100% sure
good luck
have a nice day!!!
Answer:
the sky is falling its ok tho im ready to catch it
