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Karo-lina-s [1.5K]
3 years ago
15

You are given the market demand function Q = 3400 - 1000p, and that each duopoly firm's marginal cost is $0.28 per unit, which i

mplies the cost function: C (q_i) = 0.28q_i, assuming no fixed costs for i = 1, 2. The Cournot equilibrium quantities are q_1 = and q_2 = (enter your responses as whole numbers). The Cournot equilibrium price is $ (round to the nearest penny) Calculate the Cournot profits: firm 1 $ and firm 2 $ (round both responses to the nearest cent).

Business
1 answer:
kirza4 [7]3 years ago
3 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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John Porter is an hourly employee of Motter Company located in New York City. This week, Porter had to travel to the company's r
Ilya [14]

Answer:

1. Overtime rate is $20.175

2. Total earnings are $699.4

Explanation:

1. OT rate - Overtime is typically paid at a rate of 1.5 times the normal hourly rate

OT rate = 1.5 x $13.45

OT rate = $20.175

2. Total earnings for John Porter

Sunday trip                = $20.175 x 3 hours   =+$60.525

Week normal hours  = $13.45 x 40 hours  = +$538

Training session        = $20.175 x 5 hours  = +<u>$100.875</u>

Total earnings                                                   <u>$699.4</u>

8 0
3 years ago
Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours January 9,29
Ierofanga [76]

Answer:

1. $2,296

2. $19.58

3. Total labor cost = Fixed cost + (variable cost × employee hour)

Explanation:

The computations are shown below:

1. The fixed cost would be

= High labor cost - (High employee hours × Variable rate per hour)

= $10,324  - (410 hours × $19.58)

= $10,324 - $8,028

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2. Variable rate per hour = (High labor cost - low labor cost) ÷ (High employee hours - low employee hours)

= ($10,324 - $6,800) ÷ (410 hours - 230 hours)

= $3,524 ÷ 180 hours

= $19.58

3. The cost formula would be

Total labor cost = Fixed cost + (variable cost × employee hour)

                          = $2,296 + ($19.58 × employee hour)

5 0
3 years ago
References are typically included on a résumé. Please select the best answer from the choices provided T F
Vsevolod [243]

Answer:

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the answer is true

Explanation:

3 0
3 years ago
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In a growing number of jurisdictions, when a tenant moves out of leased premises before the term of the lease expires, the landl
Travka [436]

Answer:

To mitigate damages

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He is avoiding a situation where the property is to be left unoccupied for a period of time.

Mitigating damages is a way of reducing further loss when one party breaches a contract.

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Laura is carefully estimating the time required for each phase of a proposed system development project to see if her company ca
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