Suppose Cournot duopolist firms operate with each having a cost of 30qi (i = 1,2 ) so that each firm's marginal cost is 30. The inverse market demand curve is P = 120 - Q where Q = q1 + q2. At the Nash-Cournot equilibrium, the market price, P, is

Suppose a 25% off sale on post-holiday merchandise creates a 50% increase in post-holiday sales. The price elasticity of demand is:

A) 2.0. B) .75. C) .50. D) .25. E) none of the above.

Net Present Value measures the

a. total value of profits over the life of an investment b. discounted value of profits over the life of an investment c. discounted value of revenues over the life of an investment d. interest rate paid on funds borrowed for an investment e. none of the above