Suppose that widgets are produced by a monopolistically competitive industry. if each firm in this market has the same cost structure and charges the same price, then q = s / n, assume that the demand curve is such that b = 1 / 20.
the cost function for any given producer is given by:
tc = 3,000 + (4 x q)
suppose there are two countries home and foreign and home has a market size sh = 2,400 widgets and foreign has market size sf = 1,350 widgets. assume that both countries have the same costs of production and demand curve.
a) find the equilibrium number of firms and the equilibrium price and quantity in the long run for each country in the absence of trade.

Which statement is true of both presidential and parliamentary systems of government? a. the executive branch operates independently from the legislative branch. b. the members of the legislative branch are directly elected by the people. c. the head of government is chosen by members of his or her political party. d. the head of government is directly elected by the people

Find the interest rate for a $4000 deposit accumulating to $5234.58, compounded quarterly for 9 years

Exercise 18-15 sheffield appliance center is an experienced home appliance dealer. sheffield appliance center also offers a number of services for the home appliances that it sells. assume that sheffield appliance center sells ovens on a standalone basis. sheffield appliance center also sells installation services and maintenance services for ovens. however, sheffield appliance center does not offer installation or maintenance services to customers who buy ovens from other vendors. pricing for ovens is as follows. oven only $790 oven with installation service 850 oven with maintenance services 970 oven with installation and maintenance services 990 in each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. additionally, the incremental amount charged by sheffield appliance center for installation approximates the amount charged by independent third parties. ovens are sold subject to a general right of return. if a customer purchases an oven with installation and/or maintenance services, in the event sheffield appliance center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $790. assume that a customer purchases an oven with both installation and maintenance services for $990. (b) indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.