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Consider a Hotelling line of length 1. A grocery store is located at each endpoint. The grocery store at the west end point is owned and operated by Jack Donaghy and offers customers the use of a personal “grocery concierge”, free of charge, who assists the customer in shopping. The grocery store at the east endpoint is owned and operated by Milton Greene and does not offer its customers a grocery concierge. The utility of a consumer at location x who visits Jack’s store is given by u J x = vJ − tx − pJ and utility from visiting Milton’s store is given by u M x = vM − t(1 − x) − pM, where vJ > vM because of the grocery concierge and the p terms represent prices and t is the transportation cost per unit of distance. Assume for simplicity that the grocery stores have no marginal costs of production. (a) [20 points] Given some prices, pJ and pM, what is the location of the indifferent consumer? If those prices were the same, would the location of the indifferent consumer be to the left or right of 0.5, or exactly at 0.5? (b) [20 points] Solve for the equilibrium prices charged by each grocery store and call them p ∗ J and p ∗ M. Are they equal? (c) [10 points] Where is the location of the indifferent consumer in equilibrium?

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Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the fiscal year...

Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 2019, are as follows. COMMON STOCK an. 1 1,700,000 \Apr, 14 Balance Issued 15,600 shares Balance Dec. 31 780,000 2,480,000 PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Bala...

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The combustion of octane, C8H18, proceeds according to the reaction 2 C8H18(l) + 25 O2(g) -->...

The combustion of octane, C8H18, proceeds according to the reaction 2 C8H18(l) + 25 O2(g) --> 16 CO2(g) + 18 H2O(l) If 442 mol of octane combusts, what volume of carbon dioxide is produced at 20.0 ?C and 0.995 atm?...

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Write a function myDFT that performs the discrete Fourier transform for a signal y(t) sampled at ...

Use MATLAB please! Write a function myDFT that performs the discrete Fourier transform for a signal y(t) sampled at regular time intervals. The function shall take as input the vector of instances in time measurements were taken t and the vector of measured values y. As output the function shall ...

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The bottom of a steel "boat" is a 4 m ✕ 20 m ✕ 2 cm...

The bottom of a steel "boat" is a 4 m ✕ 20 m ✕ 2 cm piece of steel (ρsteel = 7900 kg/m3). The sides are made of 0.60 cm thick steel. What minimum height must the sides have for this boat to float in perfectly calm water? cm...

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The bank statement reveals an EFT received from a customer that has not yet been recorded...

The bank statement reveals an EFT received from a customer that has not yet been recorded in the ledger. How would this information be included on the bank reconciliation? an addition on the bank side a deduction on the bank side a deduction on the ...

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The U.S. Energy Information Administration (US LIA) reported that the average price for a gallon of...

The U.S. Energy Information Administration (US LIA) reported that the average price for a gallon of regular gasoline is $3.98. The US EI updates its estimates of average gas prices on a weekly basis. Assume the standard deviation is 8.24 for the price of a gallon of regular gasoline and recommend th...

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Find the ordinary equation of one of the two circumferences of radius 3 tangent to the...

find the ordinary equation of one of the two circumferences of radius 3 tangent to the lines 12x-5y+7=0 , 3x+4y=2 and having its center in the bicectrix of the acute angle...

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Parts e and f 2. A certain system can experience three different types of defects. Let...

Parts e and f 2. A certain system can experience three different types of defects. Let A, i 1,2,3 denote the event that the system has a defect of type i. Suppose that P(A) .13, P(A) .14, P(A2 U A3-21, P(A1 U A2) .29, P(Ain As) .07, P(A1 n A2N As) .02. a) What is the probability that the system d...

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1 } 470 k 2 2.2 k 2 10 uF 16 C2 Z B = 120....

1 } 470 k 2 2.2 k 2 10 uF 16 C2 Z B = 120. ro = 40 k22 10 uF OB Z 0.56 k 2 CE 10 μF 1 Figure Q2 (b) c) Draw the small signal AC circuit for the emitter bias network in Figure Q2 (b). (3 Marks) Determine the following for the small signal AC circuit drawn in Question 2 (c): d) i) Z (1 Mark) ii) Zo...

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Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as...

Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services. The pizzeria's owner has determined that the shop has two major cost drivers—the number of pizzas sold and the number of deliveries made. Th...

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Please show all workings and steps for question 1: 1. Evaluate the indefinite integral. 3 -...

Please show all workings and steps for question 1: 1. Evaluate the indefinite integral. 3 - a) [(5x2 – 2x) +6x*) dx х b) \ x2 -dx 4x3 + 1 dx 1 + (ex)2...

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*Machines oiled every 2,000 hours of use. Machinery does not run 24/7 and has downtime. Cal...

*Machines oiled every 2,000 hours of use. Machinery does not run 24/7 and has downtime. Cal and B.J. asked you why you cared about the cost behavior of their different expenses. Explain to them what a variable cost is and what a fixed cost is. Explain to management what the role and value of managem...

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Assumptions for the Model 1. The generations are distinct (making this a discrete system). 2. Each...

Assumptions for the Model 1. The generations are distinct (making this a discrete system). 2. Each rabbit pair will be ready to reproduce at the end of the second generation (born in Generation 1, develop in Generation 2, first offspring in Generation 3). 3. Each pair of mature rabbits has one pair ...

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9. 0/1 points Previous Answers My Notes Ask Your Teacher A steam pipe is covered with...

9. 0/1 points Previous Answers My Notes Ask Your Teacher A steam pipe is covered with 1.50-cm thick insulating material of thermal conductivity of 0.200 cal/cm . °C. S. How much energy is lost every second when the steam is at 240°C and the surrounding air is at 20.0°C? The pipe has a ci...

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What is the value of knowing if a disease is inherited or environmental?

What is the value of knowing if a disease is inherited or environmental?...

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If an object is moving at #0 ms^-1# and accelerates to #60 ms^-1# over #24/5# seconds, what was the object's rate of acceleration?

If an object is moving at #0 ms^-1# and accelerates to #60 ms^-1# over #24/5# seconds, what was the object's rate of acceleration?...