firm 1 and firm 2 each produce the same product and face a market demand curve described by: Q = 5000 - 200P Firm 1 has a unit cost of production c1 equal to 6 whereas firm 2 has a higher unit cost of production c2 equal to 10. a. What is the Bertrand-Nash equilibrium outcome? b. What are the profits for each firm? c. Is this outcome efficient? Answer: (a) At equilibrium‚ assuming that if both firms charge the same price‚ then the firms split the market evenly. (b) The higher cost
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2-8 The Wendt Corporation had $10.5 million of taxable income‚ a) What is the company’s federal income tax bill for the year? Answer: $3‚575‚000 50‚000*.15=7500 (75000-50000)*.25=6250 (100000-75000)*.34=8500 (335000-100000)*.39=91650 (10000000-335000)*.34=3286100 (10500000-10000000)*.35=175000 b) Assume the firm receives an additional $1 milion of interest income from some bonds it owns. What is the tax on this interest income? Answer: Tax on just the extra million taxed as ordinary
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record Qualification/unit 505 Learner name Lisa Loveday Use this form to record details of activities (tick as appropriate) Observed by your assessor Seen by expert witness Seen by witness Self / reflective account NB. Your assessor may wish to ask you some questions relating to this activity. There is a separate sheet for recording these. The person who observed/witnessed your activity must sign and date overleaf. Date of Activity Unit(s) Learning outcome (s)
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Hello Prof. Reich and Fellow Classmates‚ I chose a new article this unit‚ my Unit 6 project will be about changes in a no blaming practice‚ more so‚ science up-to-date approach towards making the justice system improvements in favoring outcomes as ending results that are beyond placing blame along with disciplining lawbreakers. Namely‚ the reason why I selected this article and topic is that it provides an insight of the disparities in outcomes of the criminal justice system. In which
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ENGINEERING DIMENSIONS AND UNITS Fundamental dimension A unique quantity that describes a basic characteristic‚ such as force (F) mass (M) length (L) time (t) Systems of units SI system Systeme International d’ Unites Based on meter for length‚ second for time‚ kilogram for mass and Kelvin for temperature. Force is expressed in Newtons. English (now American) system Feet‚ pounds (mass)‚ seconds‚ pounds (force) cgs system Density The density of a substance is defined
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Unit 306 Levi Murfitt 1.5 Tasks that should not be carried out without special training include use of equipment as this could cause harm to you or the resident if not done correctly‚ first aid you again could cause harm to them‚ administering medication you might give the wrong medication or dosage or to the wrong person‚ health care procedures‚ and‚ food handling and preparation. In order to access additional support and information relating to health and safety I would refer to my manager‚ the
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Unit 232 Move and Position Individuals in Accordance with Their Plan of Care Outcome 1‚ 1‚Outline the anatomy and physiology of the human body in relation to the importance of correct moving and positioning of individuals. We need to know the normal range of movement of the muscles and joints so when moving‚ handling and positioning a person we know the limits of each limb. We need to take into consideration other factors that may inhibit a person’s movement such as: • Old Fractures • Torn Muscles
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Unit 2 P1 Task 1 - Define aims and objectives. (P1) Businesses set aims and objectives‚ so as to be able to measure their progress towards their stated goals for a particular financial term or business period. Aims indicate where the business wants to be in the future‚ whereas objectives set a clearly defined target for the business. In most businesses‚ plans are drawn up for the business to achieve these aims and targets. Aim - is where the business wants to go in the future‚ its goals. It
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Unit 22 developments 2.1 A child may be born with impairments such as sight or hearing difficulty. These impairments will have a great impact on a child’s life. If a child is unable to see they may not have had the opportunity to join in with physical activities such as running or football‚ therefore they may be lacking in this area. If a child is deaf they may not be able to communicate accurately to other people so may have little social skills. Learning difficulties are also a factor that
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Unit 242 Knowledge Questions 1.1 Describe the security issues that may threaten system performance Security issues that may threaten system performance could be things such as an unwanted/unauthorized email‚ which may lead to hackers. Then there is also the possibility of viruses‚ which will slow down the computer and might enable unwanted access in to private accounts and data. 1.2 Apply a range of security precautions to protect IT systems and data Security such as anti-virus software
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