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Answered>Order 4645

Consider a Bertrand price competition market with differentiated products. Suppose demand for good 1 is Q1=a?bP1+dP2 and demand for good 2 is Q2=a?bP2+dP1. Firm 1 has costs of C1(Q1)=1/2 C1Q1^2 and Firm 2 has costs of C2(Q2)=1/2C2Q2^2 a.Do these demands suggest that Firm 1’s and Firm 2’s products are substitutes from consumers’ perspectives? Explain. b.Assuming […]

 

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Answered>Order 4646

2. Solve for the variable x. F = kx – kx0. 3. A line passes through the point (-4, -20) and has a slope of 3. Write an equation of the line satisfying the given conditions. Write the answer in slope-intercept form. 4. Solve the equation: |x| = 7. 5.Graph the linear equation: y = […]

 

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Answered>Order 4647

review the five learning outcomes for this course: Apply ethical theory and moral reasoning to academic knowledge and societal concerns. Utilize principles of critical thinking in problem-solving. Communicate through investigative research and writing. Utilize information technology skills appropriate to interdisciplinary studies. Articulate the responsibility of global citizenship and multicultural understanding with regard to academic and […]

 

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Answered>Order 4648

Bestick Company manufactures and sells trophies for winners of athletic events. The company normally charges $65 per trophy. The average costs for a trophy is shown below. Direct materials:                              $15 Direct labor:                                      10 Variable manufacturing overhead:     5 Variable marketing expenses:               3 Fixed manufacturing overhead:            12 ($1,200,000 fixed manufacturing overhead/100,000 trophies) Total costs:                   $45 Bestick Company has enough idle capacity to accept […]

 

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