Duopoly quantity-setting firms face the market demand: P = 300–Q where Q = Q1 + Q2. Each firm has a marginal cost of $30 per unit and zero fixed costs. (a) What are the quantities chosen by each firm in the Cournot equilibrium? What is the market price? (b) What are the quantities chosen by each firm in the Stackelberg equilibrium, when Firm 1 moves first? What is the market price? How does this market price compare to the market price under Cournot? (c) What are the profits of firms 1 and 2 under Cournot vs. Stackelberg equilibrium? Is firm 1 better off under Cournot or Stackelberg competition? What about firm 2? In which equilibrium are consumers better off (hint: compare the size of consumer surplus, given the equilibrium price and quantity under Cournot vs. Stackelberg?
In: Economics
Q66. Two stores (A, B) both sell one product. The sales data for each day is shown in the following table (use variable T for the table). The first column is used to identify the stores (A and B); the 2nd column is the unite price of the product on that day; the 3rd column is the number of sold product on each day.
|
store price |
Price |
count |
|
A |
25 |
10 |
|
A |
26 |
9 |
|
B |
20 |
18 |
|
… |
… |
… |
|
B |
22 |
18 |
(1) Get a sub-table (T2) which includes only the sales data for store A (all three columns).
(2) Calculate average (unit) price, maximum price for store A.
(3) Calculate the total sale amount for store A. That is, 25*10 + 26*9 + 20*18 + ... + 22*18. Solve this without using loop and using loop.
I need help to solve this in MATLAB programming...please
In: Computer Science
Perpetual Inventory Using FIFO
Beginning inventory, purchases, and sales data for DVD players are as follows:
| November 1 | Inventory | 78 units at $95 | |
| 10 | Sale | 59 units | |
| 15 | Purchase | 39 units at $100 | |
| 20 | Sale | 23 units | |
| 24 | Sale | 14 units | |
| 30 | Purchase | 29 units at $104 |
The business maintains a perpetual inventory system, costing by the first-in, first-out method.
a. Determine the cost of the goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column.
| Cost of the Goods Sold Schedule | |||||||||
| First-in, First-out Method | |||||||||
| DVD Players | |||||||||
Date |
Quantity Purchased |
Purchases Unit Cost |
Purchases Total Cost |
Quantity Sold |
Cost of Goods Sold Unit Cost |
Cost of Goods Sold Total Cost |
Inventory Quantity |
Inventory Unit Cost |
Inventory Total Cost |
| Nov. 1 | |||||||||
| Nov. 10 | |||||||||
| Nov. 15 | |||||||||
| Nov. 20 | |||||||||
| Nov. 24 | |||||||||
| Nov. 30 | |||||||||
| Nov. 30 | Balances | ||||||||
In: Accounting
Note: This problem is for the 2019 tax year.
Daniel B. Butler and Freida C. Butler, husband and wife, file a joint return. The Butlers live at 625 Oak Street in Corbin, KY 40701. Dan's Social Security number is 111-11-1112, and Freida's is 123-45-6780. Dan was born on January 15, 1968, and Freida was born on August 20, 1969.
During 2019, Dan and Freida furnished over half of the total support of each of the following individuals, all of whom still live at home:
Gina, their daughter, age 22, a full-time student, who married on December 21, has no income of her own and did not file a joint return with her husband, Casey, who earned $10,600 during 2019. Gina's Social Security number is 123-45-6788.
Willie, their son, age 19, graduated high school in May 2019. He is taking a leap year and will not begin college until 2020. He had gross income of $6,300 in 2019. Willie's Social Security number is 123-45-6787.
Ben, their oldest son, age 26, is a full-time graduate student with gross income of $5,200. Ben's Social Security number is 123-45-6786.
Dan was employed as a manager by WJJJ, Inc. (employer identification number 11-1111111, 604 Franklin Street, Corbin, KY 40702), and Freida was employed as a salesperson for Corbin Realty, Inc. (employer identification number 98-7654321, 899 Central Street, Corbin, Ky 40701). Selected information from the W–2 forms provided by the employers is presented below. Dan and Freida use the cash method.
| Line | Description | Dan | Freida |
| 1 | Wages, tips, other compensation | $74,000 | $86,000 |
| 2 | Federal income tax withheld | 11,000 | 12,400 |
| 17 | State income tax withheld | 2,960 | 3,440 |
Freida sold a house on December 30, 2019, and will be paid a commission of $3,100 (not included in the $86,000 reported on the W–2) on the January 10, 2020, closing date.
Other income (as reported on 1099 Forms) for 2019 consisted of the following:
| Dividends on CSX stock (qualified) | $4,200 | |
| Interest on savings at Second Bank | 1,600 | |
| Interest on City of Corbin bonds | 900 | |
| Interest on First Bank CD | 382 |
The $382 from First Bank an original issue discount. Dan and Freida collected $16,000 on the First Bank CD that matured on September 30, 2019. The CD was purchased on October 1, 2017, for $14,995, and the yield to maturity was 3.3%.
Dan participated on a game show and won a cash prize of $7,000.
In addition to the above information, Dan and Freida's itemized deductions included the following:
| Paid on 2019 Kentucky income tax | $700 | |
| Personal property tax paid | 600 | |
| Real estate taxes paid | 1,800 | |
| Interest on home mortgage (Corbin S&L) | 4,900 | |
| Cash contributions to the United Way | 800 |
Sales tax from the sales tax table is $1,860. Dan and Freida made Federal estimated tax payments of $8,000. They have never owned or used any virtual currency, and they do not wish to contribute to the Presidential Election Campaign. The Kentucky income tax rate is 4%.
Required:
Compute Dan and Freida’s 2019 Federal income tax payable (or refund due). Use Form 1040 and Schedules 1, 3, B and the Qualified Dividends and Capital Gain Tax Worksheet to complete this tax return. If there is a tax overpayment, the Butlers would like a refund. If additional tax is due, assume no underpayment penalty applies.
It may be necessary to complete the tax schedules before completing Form 1040.
Enter all amounts as positive numbers.
If an amount box does not require an entry or the answer is zero, enter "0".
When computing the tax liability, do not round your immediate calculations.
If required, round your answers to the nearest dollar.
Make realistic assumptions about any missing data.
Use the Tax Rate Schedule provided. Do not use the Tax Tables.
In: Accounting
Suppose that there is “dominant” firm with total cost function of c(q) = 100 + 10q + 0.25q2. It faces a market demand function (inverse) of p = 100 − 0.5Q, where Q indicates total market supply. This dominant firm has to deal with 10 fringe firms, each of whom behaves perfectly competitively. Each fringe firm has a marginal cost function dc(q)/dq = 20q + 25
a) Calculate the supply function of the fringe firmsIn: Economics
Spencer Grant and Vaniteux (A). Spencer Grant is a New Yorkbased investor. He has been closely following his investment in 100 shares of Vaniteux, a French firm that went public in February 2010. When he purchased his 100 shares at €17.25 per share, the euro was trading at $1.360/€. Currently, the share is trading at €28.33 per share, and the dollar has fallen to $1.4170/€.
1. If Spencer sells his shares today, what percentage change in the share price would he receive?
2. What is the percentage change in the value of the euro versus the dollar over this same period?
3. What would be the total return Spencer will earn on his shares if he sells them at these rates?
In: Finance
Honey land analysis its aggregate consumer spending and aggregate disposable income and finds the following data. All numbers in the table are dollars.
YD C
$0 $100
100 180
200 260
300 340
500 500
Assume Honey land is a closed economy with no government spending, no taxes, and no transfers, Furthermore, assume the aggregate price level and interest rate are fixed in Honey land. 1. What does autonomous consumer spending equal in this economy?
2. What is the value of the MPC for Honey land?
3. What is the slope of the consumption function?
4. Suppose future expected disposable income increases in Honey land. How will this affect autonomous consumer spending, The MPC, and the consumption function?
In: Economics
Consider an economy described by the following
equations:
C=100+0.9Yd,
I=600-30r,
TR= 50
G=300,
T=50+1/3Y,
Md=0.4Y-50r,
Ms=520.
P=2
Where C is consumption expenditure, I is investment expenditure, G is government expenditure, T is the tax, TR is transfer payments, Md is nominal money demand, MS is nominal money supply, r is interest rate, Yd is disposable income, P is price level and Y is income.
Derive the IS and LM equations and find the equilibrium income and interest rate.
What is the new level of income and interest rate if government spending increases by 100.
define crowding out effect.
(present your solutions graphically)
In: Economics
HTB Corp. sells its virtual reality headset for $750. In addition to the headset, a customer receives an activation code to gain free access to a specific game that currently sells for $62.50. The activation code expires six months from the date of the purchase of the headset, and the company expects that 80% of customers will use the activation code. HTB sells 100 headsets during the month of October of 2019.Requirements:
1.How many performance obligations are included in the sale of the headset?
2.Allocate the transaction price to the different performance obligations.
3.Prepare the summary entry in October of 2019 to record the sale of the 100 headsets.
4.Assume that 60% of the activation codes are redeemed by 12/31/19.
Prepare the necessary adjusting entry.
In: Accounting
Suppose that capital markets are perfect, meaning that they are complete, efficient and there are no frictions such as taxes. AH Belo Corp currently is 100% equity financed, with a market capitalization of $1 billion but has decided to add some debt to its capital structure. It will do so by raising $100 million in debt and using the proceeds to repurchase shares. Which of the following accurately describes the effect of this policy change on the company's stock price?
Group of answer choices
It will decline when the financing plan is announced, but will not change any further when it is implemented.
It will increase when the financing plan is announced, but will not change any further when it is implemented.
It will not change.
It will decline both when the policy is announced and when it is implemented.
It will increase both when the policy is announced and when it is implemented.
In: Finance