For each problem, show all work (formula) on this paper. In your calculations, carry the answers to two decimal places (e. g., .08921 = 8.92%). Eagle Sports Supply has the following financial statements. Assume that Eagle’s assets and costs are proportional to its sales. Interest expense is 4% of the prior year’s debt. The tax rate is unchanged. INCOME STATEMENT, 2017 Sales $ 1,650 Costs 320 Interest 60 Taxes 381 Net income $ 889 BALANCE SHEET, YEAR-END 2016 2017 2016 2017 Assets$4,200 $4,500 Debt $1,500 $1,600 Equity 2,700 2,900 Total $4,200 $4,500 Total $4,200 $4,500 Find Eagle’s required external funds if it maintains a dividend payout ratio of 50% and plans a growth rate of 20% in 2018. Calculate the IGR and SGR.

Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car. d

The blank is type of decision-maker who over analyzes information

Suppose that two firms produce differentiated products and compete in prices. as in class, the two firms are located at two ends of a line one mile apart. consumers are evenly distributed along the line. the firms have identical marginal cost, $60. firm b produces a product with value $110 to consumers.firm a (located at 0 on the unit line) produces a higher quality product with value $120 to consumers. the cost of travel are directly related to the distance a consumer travels to purchase a good. if a consumerhas to travel a mile to purchase a good, the incur a cost of $20. if they have to travel x fraction of a mile, they incur a cost of $20x. (a) write down the expressions for how much a consumer at location d would value the products sold by firms a and b, if they set prices p_{a} and p_{b} ? (b) based on your expressions in (a), how much will be demanded from each firm if prices p_{a} and p_{b} are set? (c) what are the nash equilibrium prices?