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igor_vitrenko [27]
3 years ago
10

Consider an oligopoly in which firms choose quantities. The inverse market demand curve is given by P=a−b(q1+q2), where q1 is th

e quantity produced by Firm 1, and q2 is the quantity produced by Firm 2. Each firm has a marginal cost equal to c. What is the equilibrium market quantity if the two firms acted as a cartel (i.e., attempt to set prices and outputs together to maximize total industry profits). How about the equilibrium market price? Instead of cartel, suppose now firm 1 acts as the leader and firm 2 acts as the follower. What is the Stackelberg equilibrium quantities determined by each firm? What is the equilibrium market price? Find π1π2 using the Stackelberg quantities and price. Whose profit is higher?

Business
1 answer:
katen-ka-za [31]3 years ago
8 0

Answer:

Profit maximizing condition is MR = MC

Under Stackelberg model, follower best response function is used to find quantity sold by leader.

See attached pictures.

Explanation:

See attached pictures for detailed explanation.

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sp2606 [1]

Answer:

Mass marketing

Explanation:

Mass marketing -

It refers to as the marketing strategy , where the focus is on the complete market rather than some specific group , is referred to as mass marketing .

It is the reverse of niche marketing .

Mass marketing requires advertising method like , television , radio , newspaper , magazine etc.

As they tries to capture large area of consumers .

Hence , from the given information of the question ,

The correct answer is mass marketing .

5 0
3 years ago
Suppose you are working for a small start up as a purchasing agent. You are purchasing a product that requires that you pay in b
irina1246 [14]

The product cost in US dollars given the exchange rate of bitcoins per dollar is $500.

<h3>What is the product cost in US dollars?</h3>

The exchange rate is the rate at which one currency is exchanged for another currency. In this question, 1 dollar is equivalent to 0.0035.

$1 = 0.0035 bitcoins

1.75 / 0.0035 = $500

To learn more about exchange rate, please check: brainly.com/question/25780725

8 0
2 years ago
Classify each cost as either a product cost or a period cost. Indicate whether each product cost is a direct materials cost, a d
chubhunter [2.5K]

a. Salary of chief compliance officer of company

b. Power used by painting equipment

c. Instrument panel installed in the airplane cockpit

d. Annual bonus paid to the chief operating officer of the company

e. Turbo-charged airplane engine

f. Interior trim material used throughout the airplane cabin

g. Cost of normal scrap from production of airplane body

h. Hourly wages of employees that assemble the airplane

i. Salary of the marketing department personnel

j. Cost of paving the headquarters employee parking lot

k. Cost of electrical wiring throughout the airplane

l. Cost of electronic guidance system installed in the airplane cockpit

m. Salary of plant manager

n. Cost of miniature replicas of the airplane used to promote and market the airplane

o. Human resources department costs for the year

p. Metal used for producing the airplane body

q. Annual fee to a celebrity to promote the aircraft

r. Hydraulic pumps used in the airplane's flight control system Product costs-  

s. Yearly cost of the maintenance contract for robotic equipment

t. Prebuilt leather seats installed in the first-class cabin

u. Depreciation on factory equipment

v. Special advertising campaign in Aviation World magazine

w. Oil to lubricate factory equipment

x. Masks for use by painters in painting the airplane body

y. Decals for cockpit door, the cost of which is immaterial to the cost of the final product

z. Salary of chief financial officer

Answer:

A) period costs- administrative expense

B) product cost-factory overhead cost

C) product cost-direct materials cost

D) period costs- administrative expense

E) Product costs-direct materials cost

F) Product costs-direct materials cost

G) Product costs-factory overhead cost

H) Product costs-direct labor cost

I) Period costs-selling expense

J) Period costs-administrative expense

K) Product costs-direct materials cost

L) Product costs-direct materials cost

M) Product costs-factory overhead cost

N) Period costs-selling expense

O) Period costs-administrative expense

P) Product costs-direct materials cost

Q) Period costs-selling expense

R) Product costs-direct materials cost

S) Product costs-factory overhead cost

T) Product costs-direct materials cost

U) Product costs-factory overhead cost

V) Period costs-selling expense

W) Product costs-factory overhead cost

X) Product costs-factory overhead cost

Y) Product costs-factory overhead cost

Z) Period costs-administrative expense

6 0
4 years ago
On June 30, 2021, Mabry Corporation issued $5 million of its 8% bonds for $4.6 million. The bonds were priced to yield 10%. The
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Answer:

D. $30,000

Explanation:

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This discount will be amortized using Effective Interest method as below

Interest Payment = $5,000,000 x 8% x 6/12 = $200,000

Interest Expense = $4,600,000 x 10% x 6/12 = $230,000

Discount amortization = $230,000 - $200,000 = $30,000

5 0
3 years ago
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mixas84 [53]

Answer:

I believe this is the correct answer. However, you should keep in mind that there is no "universal" answer for this too.

4. Like it: you have to like it first!

2. Take directions well

3. Develop problem solving skills

5. Create good relations with your boss: you can only do this once you have developed your skills and perform well.

1. Go the extra mile

Explanation:

3 0
3 years ago
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