You are given the market demand function q = 3400 - 1000p, and that each duopoly firm's marginal cost is $0.28 per unit, which implies the cost function: c (q_i) = 0.28q_i, assuming no fixed costs for i = 1, 2. the cournot equilibrium quantities are q_1 = and q_2 = (enter your responses as whole numbers). the cournot equilibrium price is $ (round to the nearest penny) calculate the cournot profits: firm 1 $ and firm 2 $ (round both responses to the nearest cent).

Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%