You have developed the following simple product structure of items needed for your gift bag for a rush party for prospective pledges in your organization. you forecast 300 attendees. assume that there is no inventory on hand of any of the items. explode the bill of material. (subscripts indicate the number of units required.)determine the number of units of each item required. item k: (enter your response as a whole number). item l: (enter your response as a whole number). item m: (enter your response as a whole number).

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?