Aruba Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value of $ 57 comma 000. In addition, Aruba received cash for 6 comma 000 shares of its $ 10 par preferred stock at par value and 6 comma 500 shares of its no-par common stock at $ 20 per share. Without making journal entries, determine the total paid-in capital created by these transactions.

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?