Presented below are certain account balances of Metlock Products Co. Rent revenue $6,600 Sales discounts $8,180 Interest expense 13,180 Selling expenses 99,820 Beginning retained earnings 114,440 Sales revenue 407,300 Ending retained earnings 134,540 Income tax expense 28,592 Dividend revenue 71,890 Cost of goods sold 186,293 Sales returns and allowances 12,470 Administrative expenses 90,580 Allocation to noncontrolling interest 18,440 From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) income attributable to controlling stockholders, if Metlock has allocation to noncontrolling interest of $18,440.

Suppose that two firms produce differentiated products and compete in prices. as in class, the two firms are located at two ends of a line one mile apart. consumers are evenly distributed along the line. the firms have identical marginal cost, $60. firm b produces a product with value $110 to consumers.firm a (located at 0 on the unit line) produces a higher quality product with value $120 to consumers. the cost of travel are directly related to the distance a consumer travels to purchase a good. if a consumerhas to travel a mile to purchase a good, the incur a cost of $20. if they have to travel x fraction of a mile, they incur a cost of $20x. (a) write down the expressions for how much a consumer at location d would value the products sold by firms a and b, if they set prices p_{a} and p_{b} ? (b) based on your expressions in (a), how much will be demanded from each firm if prices p_{a} and p_{b} are set? (c) what are the nash equilibrium prices?