Below are cash transactions for goldman incorporated, which provides consulting services related to mining of precious metals. a. cash used for purchase of office supplies, $1,550. b. cash provided from consulting to customers, $42,100. c. cash used for purchase of mining equipment, $66,000. d. cash provided from long-term borrowing, $53,000. e. cash used for payment of employee salaries, $23,300. f. cash used for payment of office rent, $11,300. g. cash provided from sale of equipment purchased in c. above, $21,800. h. cash used to repay a portion of the long-term borrowing in d. above, $36,500. i. cash used to pay office utilities, $3,600. j. purchase of company vehicle, paying $9,300 cash and borrowing $14,300.

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?