Answer:
E. None of the above
Explanation:
The standard reaction function of firm 2 is given as = a-Cb/2b - 1/2*Qa
P = 30 - (Qa + Qb)
where a = 30 b = 1 and C = 3.
Leader's output = (a + Cb - 2Ca)/2b
Leader's output = (30 + 3 - 3*2)/2
= 13.5 units.
Reaction function of firm B,
Qb = 30 - 3/2
= 13.5 - 1/2*13.5
= 6.75 units.
P = 30 - (13.5 - 6.75)
= $9.75
Therefore, The price of this new drink in the long run if the industry is a Stackelberg duopoly is $9.75
Answer:
<h2>Basically,an increase in the price of the main component used in drum head production will lead to a decrease in the overall supply of drum head and an increase in the equilibrium price of drum heads in the market,everything else held constant.</h2>
Explanation:
- An increase in the price of the main component used in drum head production by 9% implies an increase in the overall cost or expense of producing drum heads by the drum head producers or firms.
- Hence,a price increase of the main component used to make drum heads will lead to a decrease in the total or overall supply of drum heads in the market,illustrated by a leftward or upward shift of the market supply curve of drum heads in the graphical model of drum heads market.
- Now,as the market supply curve for drum heads shift rightward or upward,the equilibrium price of drum head in the market will increase,as the market supply of heads have decreased with no change in the market demand of drum heads and everything else being held constant.
Answer:
Total Assets Turnover Ratio
Answer:
the inventory value is $267,000
Explanation:
As we know that the inventory is valued at cost or market whichever is lower
As seen from the given information, the lesser value for all products are
Product A $87,000
Product B $58,000
Product B $122,000
So, the total is
= $87,000 + $58,000 + $122,000
= $267,000
hence, the inventory value is $267,000
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