Throughout September, Taylor Hardware offered a discount to customers who used their store credit card on paint purchases. When customers paid their bill in full within 30 days of a paint purchase, 10% was deducted from the invoice amount, to be used as store credit on their next purchase. Louise is a building painter who purchased $7,500 worth of paint using her Taylor Hardware credit card. Louise paid her balance in full 29 days after the purchase. $7,500 is recorded in the

Which financial component is a mandatory deduction from your gross pay? a. sales tax b. social security tax c. health insurance d. disaster relief fund (drf) e. voluntary deduction

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?

When a market is in equilibrium, the buyers are those with the willingness to pay and the sellers are those with the costs.