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3 years ago

Name two new developments in the way Americans work.

1 answer:

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Economic development is the sustained, concerted actions of policy makers and cummities that promote the standerds of livng and ecnominc healthof a specific area.

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Your grandparents would like to establish a trust fund that will pay you and your heirs $130,000 per year forever with the first

posledela

Answer:

My grandparents deposit $5200000 today.

Explanation:

The annual return earned by trust fund = $2.5 percent

It is given that the trust will pay annually a certain amount for infinite period so annual pay = $130000 per year.

Now we have to calculate the invested or deposited amount by grandparents today.

The present value of future constant annual payment over infinite period = (P/A, i%, n = infinity) or 1 / i%

The amount that should be deposited today :

$= 130000 \times \frac{1}{2.5 \ percent} \\= 5200000$

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4 years ago

In the initial Cournot duopoly equilibrium, both firms have constant marginal costs, m, and no fixed costs, and there is a barri

soldier1979 [14.2K]

Answer:

The best response functions are given by

$q_1=\frac{a-m}{2b}-\frac{q_2}{2}$

$q_2=\frac{a-m}{2b}-\frac{q_1}{2}$

Explanation:

Under no fixed costs the total costs is

$CT_i= mq_i$

for i=1,2. The market demand is given by

$p=a-bQ$

where $Q=q_1+q_2$ is the total production

Firm 1 and 2 will maximize its own profits. Since this firms are symmetric the problems are too

$max\,\Pi_1=p=(a-b(q_1+q_2))q_1-mq_1$

The first order conditions (take derivative of the profit with respect to $q_1$ are given by

$a-2 b q_1-b q_2-m=0$

Then the best-response function for Firm 1 will be

$q_1=\frac{a-m}{2b}-\frac{q_2}{2}$

and the solution for Firm 2 would be the symmetric

$q_2=\frac{a-m}{2b}-\frac{q_1}{2}$

Now we can add fixed costs, so total costs now look

$CT_i= F+mq_i$ for i=1,2

the profit maximization problem for firm 1 looks now

$max\,\Pi_1=p=(a-b(q_1+q_2))q_1-F-mq_1$

The first order conditions are given by

$a-2 b q_1-b q_2-m=0$

note that this equation is the same as in the absence of Fixed Costs. So the solutions would be the same. Fixed costs don't change the optimal level of production of these firms.

Note that Total Costs are given by fixed costs (F) and marginal costs (m) that depend on the production level of the firm

$CT_i=F+mq_i$

for i=1,2. The market demand is given by

$p=a-bQ$

where $Q=q_1+q_2$ is the total production, so it's the sum of each firms production

Firm 1 will maximize it's own profits

$max\,\Pi_1=p=(a-b(q_1+q_2))q_1-F-mq_1$

The first order conditions (take derivative of the profit with respect to $q_1$ are given by

$a-2 b q_1-b q_2-m=0$

Then the best-response function for Firm 1 will be

$q_1=\frac{a-m}{2b}-\frac{q_2}{2}$

and the solution for Firm 2 would be symmetric.

Note that only marginal costs are relevant for getting the best-response function, so adding fixed costs (F) don't change the results

Explanation:

7 0

3 years ago

The value of a listed call option on a stock is lower when: I. The exercise price is higher. II. The contract approaches maturit

finlep [7]

Answer: a. I, II, and III only

Explanation:

The exercise price refers to the amount that the person who buys the call option will get to buy the underlying stock at. If this price is high, the profit from buying the stock at maturity will be less so the value of the listed call option reduces.

As the contract approaches maturity, the value will decrease because it will be less volatile as it approaches maturity.

The purpose of buying a call option is so that a profit can be made if the underlying stock increases in value. If the stock decreases in value, the allure of the call option decreases so therefore will the value.

8 0

4 years ago

In Marketing in the News, we heard that Michelin tire company is running a new sales promotion. What did we hear the company is

trasher [3.6K]

Answer:

A) Offering 1/2 price discounts through Costco.

Explanation:

Probably the most commonly used and most effective sales promotion is to offer a discount to your products or services. Everyone loves the idea of paying less for a product they need or want. But there is a catch with this type of activity, you shouldn't do it very often. If discounts are offered on a regular basis, then customers will tend to purchase the product only when a discount is available.

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4 years ago

The making ethical decisions box "should you stay or should you go?" addresses a dilemma worthy of consideration. it describes:

soldi70 [24.7K]

It describes the ethical decision, which needs consideration, of an employee leaving his failing company and starting his own and progressing to a level where they are competing with their previous employers.
The box states an environment where a company is faltering and an employee has an idea who goes independently to make business of same kind a successful one. Being in the same business the employee has a choice of contacting the previous customers directly, the box asks the learners to see its ethical aspects as well as consequences and choices.

8 0

3 years ago