Meagan Davies manages a portfolio of 200 common stocks. Her staff classified the portfolio stocks by ‘industry sector’ and ‘ investment objective’.
Investment Industry
Sector Objective Electronics Airlines Healthcare
Total Growth 100 10 40 150
Income 20 20 10 50
Total 120 30 50 200
Which of the following is NOT true?
A. Growth and Income are complementary events.
B. Electronics and Growth are dependent.
C. Electronics and Healthcare are mutually exclusive.

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?