1 You wn a wholesale pumbing seply store The stare cumently generstes revenues of $1.01 mllon per yer Net yeyou operate? Hint Make eomund a intermediate calnations t least or deoiml pevenues will ather decrease by 10.3% or incresse ty 4% wih equal probabity and then say at that lever long est cese you can wwysel the wre for 0.000. Whet is the buiness worth todey fe cest of aptlis and astore You ewn the store outight Oher coss un e80.000 per year. There ae ne cstsWhat is he biness worth lodayhe cost of caplfeed a s?Today the businessi worthRnd to the nearest dolar

In economics, the cost of capital is the cost of an organization's assets, or, according to a…

You en awhesale puingely you pere the store Yu en the store 57 ( Makeue und al inte The store oumenly genertesevenes of $1.01 Oher coss S000 per ye There r d l Tlevel Next year venue ther decese by 10 whuing down h cose yo the huiness woth todey1 What is the tanes woh oday he col of captl faed Today the buiness worth Roundto the nearet dlr

You en awhesale puingely you pere the store Yu en the store 57 ( Makeue und al inte The store oumenly genertesevenes of $1.01 Oher coss S000 per ye There r d l Tlevel Next year venue ther decese by 10 whuing down h cose yo the huiness woth todey1 What is the tanes woh oday he col of captl faed Today the buiness worth Roundto the nearet dlr

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter24: Price-searcher Markets With High Entry Barriers

Section: Chapter Questions

Problem 12CQ

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ం వయడు Firms in Marçaa cost =o for Goth • FicmsAroduce Fir Twe firms 20 bertrand compotition for both diffrencided poduts, oms Sunction have the fallowing inverse denand शि= | -01- 203 pz=1-92-5 a Defue repried 6 Denve Rertrand equilbba Bertrand reaction functio) and diagremadticalde 5) madirall Deుల and equilubi gauntitier,pricer Arofits.
TR 4OQ-3 fixal Lost: 3oß fined 1 du. aud each unit losts 10 8 meximum profit that can be abfainecl ?
What is the difforence between acounting proft and economic prof? OA Economic profit subtracts both expict and implicit oosts trom total revenue, while accourting proft only sutiracts explicit oosts. OR Accourting profe only nuttracta imglicit coeta from total revenue, whie ecoromic proft only suberacte explicit coste OG Economic proft oriy subtracts implict costs from total revenue, while accounting profit only subtracts enplicit costs OD. Accourting proft suberacts boh explict and impict costs from total ravanue, while economic proft only sutracts explicit oosts.
Answer both please otherwise I will give dounvote
Consi der Hhe fallowing » The inverse femand function is givan by p= 30-@ Cournet medel. where Q = E,+ * Firm 13 marginal cost is $6lei=6). Fivm 2 uses a nem techaulagy There is no that it's marginal cost is $3 (6=3). fixed cort So The fwo fims chooce thair and Compete only Jame). Answer the follming puestions. O Derive Firm 1 amd Firm 2% vation furtions reupertivaly. o Solve Hhe Harh equilibrium ( ", q") O What is He equilibrinm level for eah firm. quenti tias simultaneculy (So it's a one- shot simultaneaus once price and what is Hhe profit Suppore there is Iim 2. Wlhat is the highert price that Firm I is willing to paj for this new o Mow let's chauge the setup from Coumet campetition to Bertrand Competitin, while maintaining all efther aJAump tins. What is He equilibium price? O Suppon the fwe finms engage in Betrand (ompetition What is the hijhut price that Fim 1 o milling for He new feihnly? * market for the teihue lagy uped by to
What is die difference between accounting and economic profit?
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Suppoe at the curent level of production a frmts marginal revenue equalo $1,000, their average total costs curently equal $1,200, and their marginal cost equals S00, Tis firm OA should expand output because their evenue will increase by $1.000, OB. should not expand output because their profit will decrease by $200. OC should expand output because their profit will increase by $100 OD. There is not information given to determine whether this firm should expand output or not
Please hep with this question ? That is attatched show how calcualtion was made thank you,
Linder which of the folowing asamples is E likaly that the accounting profit is pasitiva and the econamic proft is nagative? OA Uing a restaurant you purchened to seil Mexioan food inatead of taian food OB Fyou use a diamond mine as a lourist atraction instead of using it for mining OG. Opering a bark branch neer a university campua. OD. Such a sceraro, where accouning cost is postive and economic proft is negative, is not poesitie.
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