George works at the springfield nuclear plant as a nuclear technician. the plant is located 15 miles from the town of springfield. george likes to take his lunch at the plant's cafeteria because he is required to be available for nuclear emergencies during his shift. unsurprisingly, there are no other eating establishments located near the plant. george estimates the value of the meals he was provided during the current year as $1,300. he estimates the cost for him to have prepared those lunches for himself as about $560. the cost of the meals to the power company was $470. how much income does george need to recognize from the meals?

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?

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?