Two firms produce and sell differentiated products that are substitutes for each other. their demand curves are: firm 1 q1 = 40 - 3p1 + p2 and firm 2 q2 = 40 - 3p2 + p1both firms have constant marginal costs of $3.10 per unit. both firms set their own price and take their competitor's price as fixed. use the nash equilibrium concept to determine the equilibrium set of prices. since the firms are identical, they will set the same prices and produce the same quantities. in equilibrium, each firm will charge a price of $ and produce units of output. each firm will earn a profit of $ (all answers rounded to four decimal places.)

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Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes

Cadbury has a chocolate factory in dunedin, new zealand. for easter, it makes two kinds of “easter eggs”: milk chocolate and dark chocolate. it cycles between producing milk and dark chocolate eggs. the table below provides data on these two products. demand (lbs per hour) milk: 500 dark: 200 switchover time (minutes) milk: 60 dark: 30 production rate per hour milk: 800 dark: 800 for example, it takes 30 minutes to switch production from milk to dark chocolate. demand for milk chocolate is higher (500lbs per hour versus 200 lbs per hour), but the line produces them at the same rate (when operating): 800 lbs per hour. a : suppose cadbury produces 2,334lbs milk chocolate and 1,652 lbs of dark chocolate in each cycle. what would be the maximum inventory (lbs) of milk chocolate? b : how many lbs of milk and dark chocolate should be produced with each cycle so as to satisfy demand while minimizing inventory?