Duopoly quantity setting firms face the market demand p=150- q. each firm has a marginal cost of £60 per unit. what is the stackelberg equilibrium when firm 1 moves first? i). q1 =30, q2 =30, p=90. ii). q1 =45, q2 =22.5, p=82.5. iii). q1 =35, q2 =30, p=100. iv). q1 =40.5, q2 =25.5, p=70.
d. what is the advantage to mixed strategies? they i). allow a player to be unpredictable. ii). allow a player to raise his maximin payoff. iii). are needed to guarantee the existence of equilibrium. iv). all of the above.
e. lotteries a and b have the same expected value, but b has larger variance. which of the following is true? i). some risk averse decision makers will prefer lottery a while others will prefer lottery b. ii). all risk averse decision makers will prefer lottery b to lottery a. iii). some risk neutral decision makers will prefer lottery a while others will prefer lottery b. iv). none of the above.
f. which of the following is the present value of £1 payable in three years is: i). £1 ii). £1/(1+3r) iii). £1/(1-3r) iv). £1/(1+r)3

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Which alternative accounting method allows farmers to record expenses and incomes in the year in which they sell their yield? gaap allows for the method, which permits farmers to subtract the expenses of producing the crop in the year in which they sell the yield and earn the revenue.

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine