Mirr, inc. was incorporated on january 1, 2010, with proceeds from the issuance of $750,000 in stock and borrowed funds of $110,000. during the first year of operations, revenues from sales and consulting amounted to $82,000, and operating costs and expenses totaled $64,000. on december 15, mirr declared a $3,000 cash dividend, payable to stockholders on january 15, 2011. no additional activities affected owners' equity in 2010. mirr's liabilities increased to $120,000 by december 31, 2010. on mirr's december 31, 2010, balance sheet, total assets should be reported at

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?