Suppose that barack and michelle are duopolists. barack is producing 300 units of output, and michelle is producing 400 units of output. when michelle produces 400 units, barack maximizes profit by producing 300 units. when barack produces 300 units of output, michelle maximizes profit by producing 400 units. barack and michelle

a. in a competitive market.
b. at a nash equilibrium.
c. producing with no deadweight loss.
d. selling at a price higher than the monopoly price.

Skychefs, inc. prepares in-flight meals for a number of major airlines. one of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. during the most recent week, the company prepared 4000 of these meals using 960 direct labor hours. the company paid these direct labor workers a total of $19,200 for this work, or $20.00 per hour. according to standard cost card for this meal, it should require 0.25 direct labour-hours at a cost of $19.75 per hour.1. what is the standard labor-hours allowed (sh) to prepare 4,000 meals? 2. what is the standard labor cost allowed (sh x sr) to prepare 4,000 meals? 3. what is the labor spending variance? 4. what is the labor rate variance and the labor efficiency variance?