Answer:
option (2) q1 = 16; q2 = 12
Explanation:
Given:
P = 100 - 2(q1 + q2)
here,
q1 is the output of Firm 1 and q2 is the output of Firm 2
Firm 1's marginal cost = $12
Firm 2's marginal cost = $20
Now,
Profit maximising level of output is attained where the marginal revenue equals the marginal cost
Thus,
for firm 1,
Total revenue, TR = P×Q
TR = (100 - 2q1 - 2q2) × q1
or
TR = 100q1 - 2(q1)² - 2(q1)(q2)
also,
MR = 
thus,
MR = 100 - 4q1 - 2q2
MC = $12
now
MR = MC
or
100 - 4q1 - 2q2 = 12
or
88 = 4q1 + 2q2
or
q2 = 44 - 2q1 ............... (1)
also,
for firm 2, we have
TR = (100 - 2q1 - 2q2) × q2
or
TR = 100q2 - 2(q1)(q2) - 2(q2)²
and,
or
MR = 100 - 2q1 - 4q2
and
MC = $20
Now,
MR = MC
or
100 - 2q1 - 4q2 = 20
or
80 - 4q2 = 2q1
or
40 - 2q2 = q1 .....................(2)
Now,
substituting the value of q2 from (1), we get
q1 = 40 - 2(44 - 2q1)
or
q1 = 40 - 88 + 4q1
or
3q1 = 48
or
q1 = 16 units
substituting the value of q1 in equation (1) , we get
q2 = 44 - 2 × 16
or
q2 = 12 units
Therefore,
The correct answer is option (2) q1 = 16; q2 = 12
The statement " Incorporators are required to sign the charter, deliver it to the proper state officials, and purchase a certain percentage of the initial stock offering " is FALSE.
Explanation:
Incorporation of a business means making a company officially known by the company's sole property or general partner. If a company forms, it becomes a legal structure separating the individuals who founded the company.
Even though a company does not have a office there, the company must always have a registered agent within the state of incorporation.
Incorporation provides shareholders with immunity from personal liability for the company's debts.
Answer:
- What is the maximum amount you should pay to purchase a share of Angelina's stock.
$36,00
Explanation:
The dividend discount model state that the price of a stock should be the result of the Present Value of all of its future dividends, the Gordon growth model indicates that:
Price per Share = D / (r - g) = $2,16 / (0,10-0,04) = $36
Where:
D = the estimated value of next year's dividend
r = The required rate of return
g = the constant growth rate
To this case the value is: $2,16 / (0,10-0,04) = $36
Answer:
manufacturing overhead
Explanation:
Since the manufacturing overhead comprises of all the indirect cost related to the factory like - depreciation on factory equipment, property taxes, indirect labor, indirect material, manager salary who worked for factory, etc
Since indirect labor has come under the manufacturing overhead so, the same is debited to manufacturing overhead as indirect labor is incurred
Answer:
The disagreement between these economists is most likely due to:
Teresa believes that the government should try to improve the well being of the citizens, while Sam believes that people should only take care of themselves and that government interventions only oppress each individual's rights and liberties.
Despite their differences, with which proposition are two economists chosen at random most likely to agree?
-
C) Rent ceilings reduce the quantity and quality of available housing.
Sam dislikes any government intervention, so he probably dislikes rent ceilings also, and Teresa probably doesn't agree with rent ceilings because they do reduce the quantity and quality of available housing which ends up hurting the population.
