For each of the following types of firms, state whether you would use a cournot model, a homogeneous-product bertrand model, or a differentiated-product bertrand model to describe the nature of competition in the market, and briefly describe why you have made this choice.

(a) coffee shops in downtown greenville
(b) raw steel (a note: there are only 2 producers of steel in the u. s.)
(c) breakfast cereal (cheerios, corn flakes, etc.)

Which of the following is a problem for the production of public goods?

You are the cfo of a u.s. firm whose wholly owned subsidiary in mexico manufactures component parts for your u.s. assembly operations. the subsidiary has been financed by bank borrowings in the united states. one of your analysts told you that the mexican peso is expected to depreciate by 30 percent against the dollar on the foreign exchange markets over the next year. what actions, if any, should you take

Owns a machine that can produce two specialized products. production time for product tlx is two units per hour and for product mtv is four units per hour. the machine’s capacity is 2,100 hours per year. both products are sold to a single customer who has agreed to buy all of the company’s output up to a maximum of 3,570 units of product tlx and 1,610 units of product mtv. selling prices and variable costs per unit to produce the products follow. product tlx product mtv selling price per unit $ 11.50 $ 6.90 variable costs per unit 3.45 4.14 determine the company's most profitable sales mix and the contribution margin that results from that sales mix.