For Part a, the equilibrium price that Dumphy and Funke will set is $30. In Part b, the profits for Dumphy and Funke at this equilibrium price amount to $0. Regarding Part c, both artists are expected to engage in price competition after experiencing a decline in demand. To clarify, the price each artist sets equals their marginal cost, thus establishing equilibrium at MC = $30.
The right answer is b. The output units sold totaled 8,000. The sales revenue reached $9,600,000. Variable costs stand at $6,000,000, with fixed costs amounting to $2,600,000. The product's price is $1,200. Average variable cost calculates to $750. Profit calculation results in TR - TC, hence Profit = $1,270,000 = $1,200Q - $750Q - $2,600,000. Resulting in $3,870,000 = $450Q, thus Q is 8,600 units.
This scenario exemplifies Agency conflict. It occurs when someone has the authority to make decisions on behalf of an entire organization. In this case, shareholders support an acquisition offer while the board of directors chooses to decline it.
Response:
The interest rate is 5.7% $21.204
Clarification:
The formula for calculating simple interest is
I =

Given that
I = Interest, T = time;;R is rate; P = principal
John earned this interest by July 1, 1993 as follows:
I =
= 72
Consequently, the total amount in John's account by July 1, 1993 would then be
= $300 + $72= $372
This indicates he utilized these funds at an interest rate of q.
On July 1, 1998, John’s total was $520, meaning the interest accumulated in these five years equals $520 - $372 = $148.
Using the simple interest formula: Interest = PRT/100
148 =
= 14,800 =2600q
q =
Thus, the rate is found to be 5.7%
The interest amount between July 1, 1993, and July 1, 1994 calculates as
I = 
= $21.204