What glass'' gross margin would be
Glass Industries reported the following data for the year just ended: sales revenue, $1,750,000; cost of goods sold, $980,000; cost of goods manufactured, $560,000; and selling and administrative expenses, $170,000. Glass' gross margin would be:
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Glass Industries reported the following data for the year just ended: sales revenue, $1,750,000; cost of goods sold, $980,000; cost of goods manufactured, $560,000; and selling and administrative expenses, $170,000. Glass' gross margin would be :
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If Firm 1 believes that Firm 2 will sell q2 =2. By using a Cournot model, calculate the profit maximizing level of production for Firm 1, price, profits for each firm, and consumer surplus.
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