Suppose that two identical firms produce widgets and that they are the only firms in the market. Their costs are given by Upper C 1C1equals=6060Upper Q 1Q1 and Upper C 2C2equals=6060Upper Q 2Q2, where Upper Q 1Q1 is the output of Firm 1 and Upper Q 2Q2 is the output of Firm 2. Price is determined by the following demand curve: Pequals=27002700minus−Q where Qequals=Upper Q 1Q1plus+Upper Q 2Q2. Find the Cournot-Nash equilibrium. Calculate the profit of each firm at this equilibrium.

Betty contracted with scooby’s skate store to deliver a pair of skates to jake for his birthday. scooby’s owner was going on a trip and delegated the delivery of the skates to brian. brian failed to make delivery.can jake sue brian for breach of contract, as he was not a party to the original contract? explain your answer. brian was not a party to the original contract. why would a court hold him responsible for failing to make delivery? if you do not think a court would hold him responsible, explain your answer. can jake sue scooby’s skates for breach of contract? explain your answer.

This problem has been solved! see the answerwhich of the following statements is correct? the consumer price index is a measure of the overall level of prices, whereas the gdp deflator is not a measure of the overall level of prices. if, in the year 2011, the consumer price index has a value of 123.50, then the inflation rate for 2011 must be 23.50 percent. compared to the gdp deflator, the consumer price index is the more common gauge of inflation. the consumer price index and the gdp deflator reflect the goods and services bought by consumers equally well.

Experienced problem solvers always consider both the value and units of their answer to a problem. why?