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Question : Consider a market structure comprising two identical firms (A and B), each with the cost function given by
Ci = 30Qi , where Qi fori = {A, B} is output produced by each firm.
Market demand is given by
P = 210 − 1.5Q, where Q = QA + QB
(i) Find Cournot equilibrium.
(ii) What will be the outcome if the firms decide to collude? Compare it with the results
under the Cournot equilibrium.
What legal remedy is available to the victim of iniuria?
The relationship between academic history and school history considering thr recent developments in South Africa by drawing attention to the vision and purpose if history as a school subject.
Why plagiarism is unethical?
1. The prices for LED are listed: 22 500, 24 000, 21 500, 20 200, 20 600, 21 100, 210 000, 19 300, 25 000 and 22 500. Estimate the true mean of the data set with 90% confidence level.
1. Find the sample size to estimate a population mean within 95% confidence if the standard deviation is 6.2.
An increase in the production of beef will lead to a decrease in the production of leater(made from cattle hides)
1. A study of 40 SHS English teachers established that they spent 12.6 minutes revising a student’s term paper.
a. Find the 90% confidence interval in the mean time for all composition papers when minutes.
b. If the teacher affirmed that she spent an average of 30 minutes revising a term paper, what would be your reaction?
Record the following transactions in the Journal and post them into ledger and prepare a Trail Balance
Oct 1st : Neel started business with a capital of 80,000
3rd : Bought goods from Karl on credit 20,000
4th : Sold goods to Tarl 25,000
5th : Cash purchases 25,000
7th : Cash sales 15,000
9th : Goods retuned to Karl 2,000
10th : Bought furniture for 15,000
11th : Cash paid to Karl 12,000
12th : Goods returned by Tarl 3,000
14th : Goods taken by Neel for personal use 3,000
15th : Cash received from Tarl 12,000
16th : Took loan from Parl 30,000
17th : Salary paid 5,000
18th : Bought stationery for 1,000
19th : Amount paid to Parl on loan account 18,000
20th : Interest received 4,000
The years between 1500 and 1800, have always been characterized as a big advance on early time and form the central part of our picture of the past. Outline and explain 4 major reason why is the case.
