Consider a duopoly in which two firms produce different varieties of a differentiated product at constant average and marginal cost 4 per unit. let the equations of the inverse demand curves be
p1 = 700 - 7/5 (q1+ (6/7)q2)
p2 = 700 - 7/5 ((6/7)q1 + q2)
(both equations valid where the implied prices and quantities are nonnegative) (a) find nash equilibrium prices, quantities, and payoffs for a one-shot game if both firms set quantities. (b) find nash equilibrium prices, quantities, and payoffs for a one-shot game if both firms set prices. (c) compare equilibrium prices in (a) and (b). which type of competition (in quantities or in prices) has lower equilibrium prices? why? show the derivations of your answers.

You are the manager in charge of global operations at bankglobal – a large commercial bank that operates in a number of countries around the world. you must decide whether or not to launch a new advertising campaign in the u.s. market. your accounting department has provided the accompanying statement, which summarizes the financial impact of the advertising campaign on u.s. operations. in addition, you recently received a call from a colleague in charge of foreign operations, and she indicated that her unit would lose $8 million if the u.s. advertising campaign were launched. your goal is to maximize bankglobal’s value. should you launch the new campaign? explain. pre-advertising campaign post-advertising campaign total revenues $18,610,900 $31,980,200 variable cost tv airtime 5,750,350 8,610,400 ad development labor 1,960,580 3,102,450 total variable costs 7,710,930 11,712,850 direct fixed cost depreciation – computer equipment 1,500,000 1,500,000 total direct fixed cost 1,500,000 1,500,000 indirect fixed cost managerial salaries 8,458,100 8,458,100 office supplies 2,003,500 2,003,500 total indirect fixed cost $10,461,600 $10,461,600

How does having a flexible mind you become a better employee? a. it you become more honest toward work. b. it you become a team player. c. it you learn new things that will better your performance. d. it you to finish your work on time. e. it you reach work on time

Harry is 25 years old with a 1.55 rating factor for his auto insurance. if his annual base premium is $1,012, what is his total premium? $1,568.60 $2,530 $1,582.55 $1,842.25