Suppose you are a manager of a firm that operates in a duopoly. Recently, the state attorney general fined you and your competitor for price fixing. In your market, firms only set prices, not total quantities to sell. From previous experience, you know your competitor has a marginal cost of $5.48. Further, your marginal costs are $5.46. The previous cartel price was $10.00, when you and your competitor were price fixing. What price level do you now choose to maximize profits? $10.04 $5.46 $5.42 $5.47 $10.00 $5.48

Find the product of the following matrices, if possible. 5 - 8 1 9 7 -6 4 -7 Select the correct choice below and, if necessary, fill in the answer boxes to complete your choice. 5 - 8 - 1 9 OA. 7 -6 4 - 7 B. The multiplication is not possible.

$ per unit 100.00- 90.00- 80.00 70.00- -00 09 50.00- 40.00- 30.00- 20.00- 10.00- 0 10 20 30 MR 40 50 Quantity OK 09 70 MC=ATC D 09 90 100

An individual owns a life insurance policy with an investment in the contract of $75,000 and a cash value of $125,000. Over time, the individual withdraws $85,000 from the contract How much of the withdrawal will the individual be required to recognize for income-tax purposes. Select one: O & 50 O b. $10,000 Oc $50,000 O d. $85,000 Life insurance companies and insurance regulators may use any of the following terms to describe accelerated death benefit provisions except Select one: O a accelerated death benefit Ob. living needs benefit Oc wavier of premium Od living payout option Advantages of using life insurance funding in a buy-sell agreement include all of the following except Select one O the event that creates the need for cash also results in the cash becoming available Ob the cost is relatively low Oc premiums to keep the coverage in effect are deductible as a business expense Od survivors of the deceased shareholder can be freed from financial dependence on a business that has…