The table shows the demand curve for monster trucks. There are two monster truck producers. For simplicity, assume that the cost of producing a monster truck is zero. ( AC=0 , FC=0
)

Q demandedPrice
1
$18

2
$16

3
$14

4
$12

5
$10

6
$9

7
$7

8
$6

9
$5

Assume the two producers initially collude to maximize profits, splitting production and profits evenly.

What price will they charge?
$

What is the total quantity produced?

monster trucks

What are the profits for each firm?
$

If one of the producers produces an extra unit to get higher profits, what is the new market price?
$

What are the profits for this firm when it breaks the agreement?
$

What are the other firm's profits after the agreement is broken?
$

You and your new australian bride matilda, are applying for a loan and are required to submit a balance sheet with your net worth. you own a 2008 toyota camry that you bought last month for $9,995. the kelly blue book value for this car is $13,995. you owe $8,150 on the car loan for the camry. you pay off your visa credit card every month and have not paid any credit card interest this year. the current visa credit card balance is $3,522, and the next statement is due in 15 days. you have a student loan balance of $6,500. you presently have $425 in your checking account and $1,540 in your savings account. you own 100 shares of ibm stock that you purchased for $85.50 per share. one share of ibm is now selling for $158.42. you own computers and other electronics that you purchased for $4,100 but could probably sell today on e-bay for $1,800. your gross income is $80,000 per year. what is your current net worth? (see wb ch. 2 example 2.3)

The strength of the economy depends on the balance pf production and consumption of goods and consumption of goods and services

The upper-level managers of synergy technology are meeting for the week to look at the long-term company goals and overall direction of the organization. the ceo has expressed her concern over the economy and has told her managers to look closely at the environment outside the organization before making decisions and to be future oriented. in this meeting, top managers of synergy are