27. If the duopolists in question 24 behave as a shared monopoly, determine the (1) equilibrium price, (2) quantity, and (3) economic profits for the total market and (4) the consumer surplus, and (5) dead weight loss.

24:Cournot duopolists face a market demand curve given by P = 90 - Q where Q is total market demand. Each firm can produce output at a constant marginal cost of 30 per unit. There are no fixed costs. Determine the (1) equilibrium price, (2) quantity, and (3) economic profits for the total market, (4) the consumer surplus, and (5) dead weight loss.

Suppose a monopolist charges a price of $27 for its product and sells 10 units at that price. At 10 units of production the firm has average fixed cost equal to $10 and average variable cost equal to $12. How much total profit is the firm earning at this price? (show your work)

You bought a call option on July 27, 2020 at the exercise price of $65. It expires on October 26, 2020. The stock currently sells for $66., while the call option sells for $6.

a) What is the intrinsic value of the call? What is the time premium paid for the call?

b) What will the value of this call be after expiration if the price of the stock is $99, $65, $99, and $80, respectively?

c) If the price of the stock rises to $80 at the expiration date of the call, what is the percentage increase in the value of the call? Does this example illustrate favorable leverage?

d) If an individual opens a covered call position on this stock, what is the net cost and what will the profit on the position be at the expiration of this position if the price of the stock is $49, $52, $59, $65, $66, $69, and $80, respectively?

e) If an individual sells this call naked, what will the profit or loss be on the position after six months if the price of the stock is $59, $66, and $80, respectively?

PLEASE SHOW WORK

Suppose an element has a valence of 2 and an

atomic number of 27. Based only on the quantum

numbers, how many electrons must be present in

the 3d energy level?

In the Roman Empire (27 BC to 476 AD), the emperor bought grain and distributed it for free to inhabitants of Rome. This program, the annona, almost certainly involved a price below the market equilibrium. 1 Use a supply and demand diagram to explain why, as a result of this program, Rome’s residents frequently pressured authorities for even more free grain.

Four moles of a monoatomic ideal gas in a cylinder at 27 degrees Celsius is expanded at constant pressure equal to 1 atm until its volume is doubled.

a) What is the change in internal energy?

b) How much work was done by the gas in the process?

c) How much heat was transferred to the gas?

Water in an open metal drum is to be heated from 27 °C to 80 °C by adding superheated steam slowly enough that all the superheated steam condenses. The drum initially contains 250 kg of water, and superheated steam is supplied at 5.0 bar and 375 °C via a 7.5 cm ID stainless steel pipe.

a.) How many kilograms of superheated steam should be added so that the final temperature of the water in the tank is exactly 80 °C?

b.) What is the velocity (m/Δt) of the superheated steam entering the open metal drum?

(Neglect all heat losses from the water in this calculation.)

what is the radius of convergence for

sum {0} to {infinity} x^3n / 27^n

27) The Town of Greenfield issued the following during the year: (1) $600,000 in bonds for the installation of street lights, to be assessed against properties benefited, but secondarily backed by the town; (2) $800,000 in bonds for construction of a public golf course to be self-supported from fees collected from golf course users. How much should be accounted for through debt service funds for payments of principal over the life of the bonds?

A. $0.

B. $600,000.

C. $800,000.

D. $1,400,000.

28) On March 2, 2020, 20-year, 6 percent, general obligation serial bonds were issued at the face amount of $3,000,000. Interest of 6 percent per annum is due semiannually on March 1 and September 1. The first payment of $150,000 for redemption of principal is due on March 1, 2017. Fiscal year-end occurs on December 31. What is the interest expenditure reported in the debt service fund for the fiscal year ending December 31, 2020?

A. $90,000.

B. $135,000.

C. $150,000.

D. $180,000

            29) Which of the following may properly be reported as a component of net position in the proprietary fund statement of net position?   

            30) Internal service funds should be used only if:

A. The reporting government funds the activity with general obligation debt.

B. The reporting government provides services primarily to external participants.

C. The reporting government provides services primarily to other departments of the same

      government.

D. The reporting government provides services below full cost.

            31) The comprehensive annual financial report (CAFR) of a government should contain a statement of revenues, expenses, and changes in fund net position for:

A. Both proprietary and governmental funds.

B. Proprietary but not governmental funds.

C. Governmental but not proprietary funds.

D. Proprietary and fiduciary funds.

            32) Under GASB standards, an internal service fund should prepare all of the following financial statements except a: