Answer:
q1 = 910
q2 = 910
Explanation:
Given:
Q = 2800 - 1000p
Marginal cost = $0.07 per unit
Q = 2800 - 1000p
Let's calculate profit of firm 1:
TR = p1 q1
MR = MC = 0.07
Cross multiplying:
2800 - 2q₁ - q₂ = 70
2800 - 2q₁ = 70 + q₂
2800 - 70 - 2q₁ = q₂
2730 - 2q₁ = q₂...............(1)
Let's calculate profit of firm 2:
TR = p₁ q₂
MR = MC = 0.07
Cross multiplying:
2800 - q₁ - 2q₂ = 70
2800 - 2q₂ = 70 + q₁
2800 - 70 - 2q₂ = q₁
2730 - 2q₂ = q₁................... (2)
Substitute 2730 - 2q₂ for q₁ in (1)...
Thus:
2730 - 2q₁ = q₂
2730 - 2(2730 - 2q₂) = q₂
2730 - 5460 + 4q₂ = q₂
-2730 + 4q₂ = q₂
-2730 = q₂ - 4q₂
-2730 = - 3q₂
q₂ = -2730/-3
q₂ = 910
Substituting 910 for q₂ in (2):
2730 - 2q₂ = q₁
2730 - 2(910)= q₁
2730 - 1820 = q₁
910 = q₁
q₁ = 910
The Cournot equilibrium quantities are: q₁= 910; and q₂ = 910
Answer:
Success story commitment technique
C
Explanation:
As a sales person, the primary reason for setting to work is to drive an increase in the sales made by the employer. Hence, sales persons are the ones directly involved and immersed in getting the company shore up its revenue through sales.
To achieve an increment in the sales made by a company, there are several techniques employed by the sales person in order to boost the sales of the products. One of such techniques is referred to as success story commitment technique.
How does this work?
A sales person seeking to apply the approach to a customer purchasing the goods brings out a story about how a person or customer that previously made a purchase had a problem that looks like the problem the present potential buyer is having. The convincing works by telling the potential buyer that the former buyer used the product to solve the problem or issue the present buyer is having and how it worked for him/her. The potential buyer may be convinced by this approach to then purchase the goods
The type of financing that Pete has secured is VENTURE CAPITAL. Venture capital is a type of private equity, a form of financing that provides funds by private investors to new companies with high potentials or emerging companies that are deemed to have high potentials. In return for the money provided by the private investors, they become part owners in the company.
Answer: One of the goals of the training was to improve attitudes toward the team approach.
Explanation:
For organizational goals and objectives to be achieved in an organization, the attitude of the team matters. A positive attitude is required to build teamwork.
When Ford Motor Company was building a new engine plant in Windsor that was to focus on the "team approach" to building the engines, one of the goals of the training was to improve attitudes toward the team approach. A positive attitude brings about creativity and enhances productivity.
Answer:
c. the political environment
Explanation:
The executive summary is a section a business plan usually contained in the first set of pages that gives a brief and concise overview of what the document contains by summarizing its main parts and points. In this case, it is a marketing plan so the executive summary would provide a concise overview of the marketing plan