Suppose that two identical firms produce widgets and that they are the only firms in the market. Their costs are given by Upper C 1C1equals=6060Upper Q 1Q1 and Upper C 2C2equals=6060Upper Q 2Q2, where Upper Q 1Q1 is the output of Firm 1 and Upper Q 2Q2 is the output of Firm 2. Price is determined by the following demand curve: Pequals=27002700minus−Q where Qequals=Upper Q 1Q1plus+Upper Q 2Q2. Find the Cournot-Nash equilibrium. Calculate the profit of each firm at this equilibrium.

He management's discussion and analysis (md& a) required in general purpose federal financial reporting is different than that required by gasb of state and local governments in that: a. it includes information about the agency's performance goals and results in addition to financial activities. b. it is outside the general purpose federal financial report and is optional, not required. c. it is a part of the basic financial statements and, as a result, it is audited along with the financial statements. d. there are no significant differences.

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.

What would you do as ceo to support the goals of japan airlines during the challenging economics that airlines face?