refer to the questions

Consider a market with 3 firms and the following demand from consumers P = 110-Q. Each independent firm has the same fixed cost F but different constant marginal costs: c = 5, c = 5, and c = 4. There is no capacity constraint.

(a) What is the market equilibrium of this oligopoly (prices, quantities, benefits, consumers surplus, total surplus)? (b) Consider that firms 2 and 3 merge. What is the market equilibrium after the merger? (c) What are the consequences of such a merger? How does it depend on F ?

A simple situation in which two parties come together and freely agree to an exchange is only prima facie ethically legitimate because: What is an optimal level of pollution? Briefly describe the reasons supporting the practice of sustainability within businesses. Which of the following scenarios gives rise to conflicts of interests in corporate governance? Please briefly explain.

1. Given the following data on four different isoquants. Please answer the following questions. (The graph provides the isoquants for these observations).

Total Production
	I	II	III	IV
Combination	L	K	L	K	L	K	L	K
A	3	14	4	14	5.5	15	8	16
B	2	10	3	11	5	12	7	12.5
C	3	6	4	8	5.5	9	8	9
D	4	4.5	5	6.3	6	8.3	9	7.3
E	5	3.5	6	5	7	7	10	6.4
F	6	3	7	4.4	8	6	11	7
H	7	2.7	8	4	9	5.6
G	8	3	9	4.4	10	6

Suppose the price of capital is $1 per unit while the price of labor is $2 per unit and the budget for this producer is $12 per time period and is all spent on capital and labor. Draw the isocost line for this producer on the graph below.

a) Explain, the potential impact of these earthquake claims on the reinsurance market.

(b) Explain, with justification, one significant action you could take to demonstrate to the reinsurers that RW plc is efficiently managing the catastrophe exposure within RW plc's property account.

1. What monthly lease payment due in advance should be charged for a tract of land valued at $32,000 if the agreed interest is 10.43% compounded

semi-annually?

The monthly lease payment should be $___.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

2. For her daughter's education, Georgina Harcourt has invested an inheritance in a fund paying 5.7% compounded annually. If ordinary annuity payments of $178 per month are to be made out of the fund for seven years, how much was the inheritance?

The inheritance was $____.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

3. Seamus has made deposits of $214.00 into his savings account at the end of every three months for 20 years. If interest is 9% per annum compounded semi-annually and he leaves the accumulated balance for another 5 years, what would be the balance in his account then?

The balance in his account would be $____.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)