The firms will most likely collude.
1. Find the Cournot/Nash equilibrium for this industry. The market demand is given by: P = 100 – Q, where Q = q1 + q2. Let us first find the marginal revenue function, which is the derivative of the inverse demand function: MR = d(P)^-1/dq1 = 50 – 0.5q. (Equation 1)
At the Cournot equilibrium, each firm assumes that the output of the other firm is fixed. That is, firm 1 maximizes its profit with respect to q1 when q2 is given (fixed), and vice versa for firm 2. The profit-maximizing condition for each firm is: MR = MC, where MC = 20 is the marginal cost for each firm. Thus, we have: 50 – 0.5q1 = 20, and50 – 0.5q2 = 20,from which we obtain q1 = q2 = 60 and P = 40.Each firm’s profit isπ1 = Pq1 – MCq1 – FC= 40(60) – 20(60) – 300= 900π2 = Pq2 – MCq2 – FC= 40(60) – 20(60) – 300= 9002.
If the two firms collude, they will act as if they were a monopolist, i.e., they will produce where the marginal cost equals marginal revenue, and charge the resulting monopoly price. In this case, the marginal cost of the industry is still MC = 20. The industry output is QM = 100 – (1/2)QM or QM = 66.67. Equating the marginal revenue and marginal cost of the industry, we have: MR = d(100 – QM)^-1/dQ M= 20, which yields: QM = 60, and P = 40. Each firm produces 30 units. If they collude, they will share the monopoly profit.
Therefore, the profit for each firm will beπC = ½(P – MC)qC – FC= ½(40 – 20)(30) – 300= 1503. Suppose the two firms are deciding between producing the Cournot output (from part a) and the collusive output (from part b). Calculate the payoff (profit) for firm 1 if it plays "Cournot" while the other firm plays "collude."
And vice versa. If firm 1 plays Cournot while firm 2 plays collude, the market output will be QM = 66.67 and price P = 40. Firm 1’s output will be q1 = 60 – (1/2)QM = 45, while its profit will be:π1 = Pq1 – MCq1 – FC= 40(45) – 20(45) – 300= 300If firm 1 colludes with firm 2, its profit will beπ1C = 150.4. Fill in the a payoff matrix. In each cell, put (profits for firm 1, profits for firm 2). One plays Cournot One plays collude(300, 150) (450, 450)(450, 450) (900, 300)5. With reference to this matrix, If firm 2 plays Cournot, firm 1 would prefer to play collude, because 450 > 300. If firm 2 plays collude, firm 1 would also prefer to play collude because 450 > 300.
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a widow wishes to take out a reverse mortgage on her house. what annual payment can she get if she decides on a $100,000 debt at the end of 10 years
Calculation of Future Value of $10,000 after 10 years at 9% Interest Rate
Future Value = Advance Amount x (1 + r)n
= $10,000 x (1 + 0.09)10
= $10,000 x 2.367363
= $23,674
The Amount available for annuity payment
The Amount available for annuity payment = Debt – Future Value of Advance payment
= $10,000 - $23,674
= $76,326
Calculation of the Annual Payment that she would get
Future Value of an Ordinary Annuity = P x [{(1+ r)n - 1} / r ]
Future Value = $76,326
Interest Rate (r) = 9%
Number of period = 10 Years
Annual Payment (P) = ?
Future Value of an Ordinary Annuity = P x [{(1+ r)n - 1} / r ]
$76,326 = P x [{(1 + 0.09)10 – 1} / 0.09]
$76,326 = P x [(2.36736 – 1 ) / 0.09]
$76,326 = P x [2.36736 / 0.09]
$76,326 = P x 15.19293
P = $76,326 / 15.19293
P = $5,024 per year
“Therefore, she would get annual payment of $5,024 per year”
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QUESTION 1/10
A loss is when:
Ce
A. Revenue is greater than expenses.
C. Revenue is equal to expenses.
B. Revenue is less than expenses.
D. None of the above.
Answer:
B. Revenue is less than expenses
Explanation:
Business loss is a condition that arises when a business fails to earn enough income to pay all of its operating expenditures. A business loss might result from routine business operations or from an unusual occurrence that disrupts business operations. A business loss is recorded in an income statement by auditors. A typical operational loss occurs when a corporation loses more money than it earns within a certain time.
In a perfectly competitive market, if the market price is $4, how many units will they sell if they charge $4?How many will they sell if they charge over $4? Will they make more profit if they lower their price? Why or why not?
Answer:
In a perfectly competitive market, if the market price for a single unit is $4, then the number of units sold would be 32.
Explanation:
A perfectly competitive market is defined as a market where there are no monopolies - something extremely rare in the real world. However, it is a good example to explain the rules and workings of supply and demand in the market. There are multiple sellers and purchasers in a perfectly competitive market. Sellers earn just enough profit to keep their place in the market. Any more and they would lose their foothold in the marketplace to another company.
If the sellers are capable of producing more, then they can sell more, thus increasing their output. In any case, the economic output would be zero because the price is tangent to the low point on the average total cost curve. The seller has no control over market price because the price is set at equilibrium.
1. These are the materials for processing to come up with finished profucts
a. product
b. output
c. input
2. What is the most likely cause of failure of Filipino entrepreneurs?
a. Crab mentality
b. weakness
c. failure to meet the deadline
Answer:
b and c
Explanation:
Because of lack of communication and experience with being a entrepreneur. Plus you have to aggressive to be a business person to get the job one on time.
Find an article dealing with an opinion poll on a local, state ,or national issue. Write a paragraph summary of when and how the poll was conducted, and what the results indicated.
Garnishment of wage means that a:
A. Creditor is earning interest on your wages
B. Creditor is going to foreclose on your property
C. Lender is going to take you to court to collect on a debt
D. Lender is taking money from your paycheck or bank account
Garnishment of wage means that a lender is going to take you to court to collect on a debt. It alludes to a legal procedure that directs a third party to take money out of a debtor's paycheck or bank account on their behalf.
The third party or lender, also referred to as the garnishee, is frequently the debtor's employer. Employers are not allowed to terminate a worker in order to avoid processing a garnishment wage under federal law.
For debts including unpaid taxes, cash penalties, child support obligations, and unpaid student loans, garnishments are used. In order to garnish a debtor's wages, a lender normally needs to acquire a court judgement establishing that the debtor owes money and has missed payments.
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Answer:
Lender is taking money from your paycheck or bank account
Explanation:
pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 5.5%. The probability distributions of the risky funds are: Expected Return Standard Deviation Stock fund (S) 15 % 32 % Bond fund (B) 9 % 23 % The correlation between the fund returns is 0.15. Suppose now that your portfolio must yield an expected return of 12% and be efficient, that is, on the best feasible CAL. a. What is the standard deviation of your portfolio? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
The standard deviation of the portfolio is 7.09%.
What is the proportion of stock in minimum risky portfolio?= [(0.23)² - (0.32*0.23*0.15)] / [(0.32)² + (0.23)² - (2*0.32*0.23*0.15)]
= 0.31421708452
= 31.42%
What is proportion of bond fund in minimum risky portfolio?= 1 - 0.31421708452
= 0.68578291548
= 68.58%
What is the expected return of minimum risky portfolio?= 0.3142*15% + 0.6858*9%
= 0.04713 + 0.061722
= 0.108852
What is the standard deviation of your portfolio?= ((0.6858)² * (0.23)² * (0.3142)² * (0.33)²) + ((2 * 0.6858 * 0.3142 * 0.32 * 0.23 * 0.15))^0.5
= (0.00026747972 + 0.00475776218)^0.5
= 0.0050252419^0.5
= 0.0708889406
= 7.09%
Therefore, the standard deviation of the portfolio is 7.09%.
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Witch method of commuting is most likely to reduce your need to go to the gym or get a treadmill
Answer:
Walking or using of bicycle
Explanation:
Use of legs are needed in both method of commuting. Leg muscles will be worked up and it also produces sweat that is equivalent to gym exercise
Taxable income is used to compute the amount of:____.
a. exemptions.
b. income tax owed.
c. deductions.
d. capital gains.
e. exclusions.
Taxable income is used to compute the amount of b. income tax owed.
Taxable income is the portion of gross income determined by the IRS to be taxable. It consists of earned income and unearned income. Taxable income is generally less than adjusted gross income due to deductions that reduce it.
Taxable income is the amount of income used to calculate personal or corporate income tax. Taxable income is generally described as gross income or adjusted gross income less any deductions, exemptions, or other adjustments granted for the tax year.
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Which of the following affects the natural environment negatively?
recycling cans
clothing we buy
production of solar panels
sustainable energy at a power plant
Answer:
Production of solar panels
Explanation:
In as much as solar panel is a good source of clean and renewable energy , the production processes of solar panels pose a threat to the natural environment.
A major environmental hazard related to the production of solar panel is the emission of greenhouse gas , just as it is in every other production process.
So also , a large no of space is required for the production which can birth environmental degradation and loss of habitat
Name a form of ownership that is represented by the South African broadcasting corporation (sABC) and outline four characteristics of this form of ownership
Answer:
State-Owned Enterprise (SOE)
Explanation:
South African broadcasting corporation (SABC) is a form of a state-owned enterprise. Characteristics of a state-owned enterprise include,
1. Financing
The government funds State-owned enterprises. It means that state corporations such as SABC are founded and run using public funds. A corporation is state-owned when fully financed by the government or where the state is the majority shareholder.
2. Managed by The Government
Government appointees manage State-owned enterprises. In some cases, state corporations are controlled and report directly to a government department.
3. Service objectives
A majority of state opened enterprises are formed to offer a specific service to the public. Although they have profit objectives, they differ from private enterprises in that the later are formed primarily for-profit motives.
4. Monopoly tendencies
Many state-owned corporations tend to operate as monopolies. They dominate the industry while denying or restricting private sector participation.
The form of ownership that is represented by the South African broadcasting corporation (sABC) is a public enterprise or state owned enterprise.
The characteristics of this firm of ownership include:
State ownership: The enterprises are managed by the government.Such companies are financed through the government.The main objective of such companies isn't profit making but to provide services for the people.Such companies are usually monopoly enterprises.Read related link on:
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the type of ownership in which each restaurant is the same in the ownership of each restaurant is the same as known as which of the following?
A. food service cooperation
B. Food service franchise
C. Independent food service operation
D. Food service chain
Answer:
D. Food service chain
Explanation:
In business ownership, a chain of restaurants refers to several restaurants owned by one organization. In other words, in a food service chain, the owner(s) will have many branches located in different locations. Because the restaurant belongs to one entity, they are similar in appearance and operations.
A chain of business is different from a franchise business. In a franchise, the branches are identical but have different owners.
O que é locução verbal?
Answer:
verbal expression - the communication (in speech or writing) of your beliefs or opinions; "expressions of good will"; "he helped me find verbal expression for my ideas"; "the idea was immediate but the verbalism took hours"
expressão verbal - a comunicação (oral ou escrita) de suas crenças ou opiniões; “expressões de boa vontade”; "ele me ajudou a encontrar expressão verbal para minhas idéias"; "a ideia foi imediata mas o verbalismo demorou horas"
Explanation:
brainliest please?
coroa please?
help quick!
According to the video, which qualities do Insurance Underwriters need? Check all that apply.
O communication skills
O customer service skills
Ocomputer skills
Oknowledge of sales strategies
Oan outgoing attitude
O a background in finance
Answer: 1 3 6 or A C F
Explanation:
I just did it on the edge
Answer:
ACF
Explanation:
got it correct on Edge 2020
Occupational interests, aptitudes and abilities are described as:___. a. Skills learned while working at a job for several years. b. Skills that an employee gains after years of working in an occupation/job/career. c. Traits an employee must have to work in a particular occupation/job/career. d. Preferences people have for activities and skills they possess that go along with a particular occupation/job/career.
d. Preferences people have for activities and skills they possess that go along with a particular occupation/job/career.
Occupational interests, aptitudes, and abilities are described as the preferences people have for activities and skills that align with a specific occupation, job, or career. These preferences reflect an individual's inclination and natural inclination towards certain tasks, activities, and skills that are relevant to a particular profession.
Option a, "Skills learned while working at a job for several years," does not accurately describe occupational interests, aptitudes, and abilities. Skills learned on the job are acquired through experience and training, but they are not necessarily inherent interests or abilities that individuals possess prior to entering the occupation.
Option b, "Skills that an employee gains after years of working in an occupation/job/career," is similar to option a. While employees may develop skills over time in their careers, occupational interests, aptitudes, and abilities are not specifically related to skills gained through experience.
Option c, "Traits an employee must have to work in a particular occupation/job/career," does not fully capture the concept of occupational interests, aptitudes, and abilities. Traits generally refer to inherent characteristics or qualities, whereas interests, aptitudes, and abilities relate to personal preferences and capabilities in specific areas.
Option d, "Preferences people have for activities and skills they possess that go along with a particular occupation/job/career," is the most accurate description. Occupational interests refer to the activities or tasks individuals find engaging or enjoyable in a specific occupation. Aptitudes represent an individual's natural abilities or talents in specific areas, while abilities refer to the skills and competencies individuals possess.
In summary, occupational interests, aptitudes, and abilities are best described as the preferences individuals have for activities and skills that align with a particular occupation, job, or career. These preferences help individuals identify and pursue roles that suit their personal inclinations and strengths.
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All of the following are advantages to the franchisor except a. fast and selective distribution of products. b. a freeing up of capital for expansion of goods and services. c. no involvement in national advertising campaigns. d. gains from the franchisee's high motivation. e. assurance of how the outlets will be maintained and operated.
The statement that does not explains advantages to the franchisor is B:no involvement in national advertising campaigns.
The franchisor can be regarded as the original or existing business which give out its name out on a price for other business to have the right to use the name and idea. The franchisor then is responsible for continual guidance as well as support as regards general business strategies.One of the advantage of a franchisor is that they provide high motivation to the business under them.Therefore, franchisor give out their name fir a price.
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Assessment
How does a global economy impact you?
A. You can access goods, services, and investments from
different markets around the world.
B. The transactions you make in your own country are often
connected to different markets around the world.
C. You can only access goods, services, and investments
inside of your own country's markets.
D. Both A and B
The correct answer is D. Both A and B.
The impact of the global economy on youA global economy can impact individuals in several ways, including:
A. Access to commodities, services, and investments from across the world: In a global economy, individuals can access products and services from all over the world.
B. Transactions in your own country are frequently linked to marketplaces around the world: In a global economy, transactions within one's own country might be influenced by conditions in other markets across the world.
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last year, cayman corporation had sales of $7,000,000, total variable costs of $3,000,000, and total fixed costs of $1,500,000. in addition, they paid $480,000 in interest to bondholders. cayman has a 35% marginal tax rate. if cayman's sales increase 7%, what should be the increase in operating income? group of answer choices 13.3% 11.2% 10.8% 13.9% 8.7%
1. Let's calculate the operating income for last year:
Operating income = Sales - Total variable costs - Total fixed costs
= $7,000,000 - $3,000,000 - $1,500,000
= $2,500,000
2. Let's calculate the earnings before interest and taxes (EBIT) for last year:
EBIT = Operating income + Interest expense
= $2,500,000 + $480,000 = $2,980,000
3. Now, let's calculate the net income for last year:
Net income = EBIT x (1 - Marginal tax rate)
= $2,980,000 x (1 - 0.35) = $1,937,000
4. If Cayman Corporation's sales increase by 7%, their new sales revenue would be:
New sales revenue = Old sales revenue x (1 + Sales growth rate)
= $7,000,000 x (1 + 0.07) = $7,490,000
5. Using the same cost and tax assumptions as last year, the new operating income would be:
New operating income = New sales revenue - Total variable costs - Total fixed costs
= $7,490,000 - $3,000,000 - $1,500,000
= $2,990,000
6. And the new EBIT would be:
New EBIT = New operating income + Interest expense
= $2,990,000 + $480,000 = $3,470,000
7. Finally, the new net income would be:
New net income = New EBIT x (1 - Marginal tax rate)
= $3,470,000 x (1 - 0.35) = $2,255,500
8. The increase in operating income would be:
Increase in operating income = (New operating income - Old operating income) / Old operating income
= ($2,990,000 - $2,500,000) / $2,500,000
= 19.6%
Therefore, the increase in operating income would be 19.6%, which is closest to 13.9% in the answer choices.
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Pls i need your help. I will literally do anything!!! Pls help!! (15pts)
Jordan is responsible for creating a new product for his company. the product needs to be completely original (not based on any other products) and no outside parties are allowed to have knowledge of this project. what should he do to solicit help in this process?
A. Review old sale records from the company
B. Use employee suggestions
C. Conduct a customer survey
D. Contract a marketing research company
A P E X
Answer:
The more reasonable answer is C.
Conduct a customer survey
Explanation:
If you’re developing a new product , customers can provide you with invaluable feedback about design and functionality. Oftentimes, customers will show you problems that would have otherwise been missed.
How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
If the japanese government imposes tariffs on imported foreign rice, the result will be….
Answer:
Explanation:
If the Japanese government imposes tariffs on imported foreign rice, the result will be... an decrease in employment in the Japanese rice industry.
All of the following are warning signs of debt problems except:
A) You pay your credit card bills in full each period.
B) You receive second and third payments due to notices from creditors.
C) You exceed the credit limits on your credit cards.
D) You use savings to pay for necessities such as food and utilities.
E) The total balance on your credit cards increases every month.
You exceed the credit limits on your credit cards are warning signs of debt problems except. The answer is OPTION C.
Unmanageable debt can be detrimental to one's general well-being since it exacerbates worry, stress, and sleep disruption. The connections made do not prove how much debt contributes to or detracts from the bigger problems people confront.
If you don't make your payments on priority debts, severe action may be taken against you. You can forfeit your house, lose access to a service, or even wind yourself in jail. Typical examples of priority debts are mortgage payments.
Rising debt has at least four different effects that might negatively impact an economy's performance both now and in the future. Transfers, financial difficulty, bezzle (or fictitious riches), and extra spillover adjustment costs known as hysteresis are some of these.
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What are withdrawals and how do they affect the basic accounting equation?
Funds that are taken from the business to pay for personal expenses. They decrease the owner's equity in the business.
Stress in the workplace is an adverse reaction that people have in response to ________.
Stress at the workplace is an adverse reaction that people have in response to demands, constraints, and opportunities.
Stress at the workplace is a dynamic condition that refers to the harmful physical and emotional adverse reactions that people have when demands, constraints and opportunities do not match the resources, capabilities, and needs of the people.
Brief description of how demands, constraints and opportunities at the workplace causes stress is given below:
Demands: Demands like long working hours, unrealistic deadlines, and excessive amount of work at the workplace make people feel overwhelmed and under pressure, thus in response causing stress.Constraints: Constraints are forces that restrict people from doing what they want. For example, a projection an employee has that his skills and knowledge is not enough to complete the project correctly, thus becoming a reason for stress. Opportunities: Adverse reactions related to concerns about career opportunities, promotions and job security lead to stress at the workplace.You can learn more about workplace stress at
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on february 15th of the current year young received a $10,000 lump-sum payment from a qualified profit-sharing plan, the full amount of which young rolled over into an ira 46 days later. how much of this lump-sum payment may young exclude from current year gross income?
In the current year, Young may exclude the entire $10,000 lump-sum payment from their gross income since they rolled over the full amount into an IRA within 60 days, as required by the IRS. This is known as a direct rollover.
It's important to note that if Young had not rolled over the full amount within the 60-day window, they would be required to include the amount not rolled over in their gross income for the current year. Additionally, if Young had received the payment as cash and then deposited it into an IRA, only the amount deposited would be excluded from gross income, and any amount not deposited would be included in gross income. Overall, Young's ability to exclude the entire $10,000 from their gross income is dependent on the timely and proper rollover of the funds into an IRA.
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A well known bank stores enough money during the weekends to satisfy its customers needs. The expected average withdrawal during the weekend is $550 with a standard deviation of $70. When they looked at a sample of the last 36 weekend transactions, they found the average withdrawal to be $600. At α=0.05, is there evidence that the mean withdrawal has increased during weekends? (Z0.05=1.645, Z0.025=1.96)
Answer:
The mean withdraw has increased during weekend.
Explanation:
Assume that the withdraw amounts are normal distributed. To test whether the mean withdrawal has increased during weekends, we take a z-test. The z-test is possible because the observed sample (weekend transactions) is greater than 30.
The null hypothesis (\(H_{0}\)) is when the mean withdrawal is greater than 550. The alternative hypothesis (\(H_{A}\)) is when the mean withdrawal is equal to 550 or smaller. At an alpha of 0.05% is selected with a two-tailed test, , there is 0.025% of the samples in each tail, and the alpha has a critical value of 1.96 or -1.96. If the z-value is greater than 1.96 or less than -1.96, the null hypothesis is rejected.
z-value = (600-550) / 70 / 36^(1/2) = 0.1190
At α=0.05, the z-value < 1.96 and > -1.96, the null hypothesis is not rejected. Therefore, the mean withdraw has increased during weekend.
Who wants to buy me?⊇·⊆
Answer:
how much
Explanation:
lol jk
Suppose that, from 1985 to 1986, unemployment fell from 7.2 to 7.0 percent and inflation fell from 3.8 to 1.1 percent. an explanation of these changes might be that the
An explanation for the situation when unemployment fell from 7.2 to 7.0 percent and inflation fell from 3.8 to 1.1 percent is that aggregate supply curve shifted to the right
What is an aggregate supply?An aggregate supply refers to the overall supply of goods and services that is produced within an economy at a price in a period of time.
In conclusion, when productivity increases or the price of key inputs falls, the the aggregate supply curve shifts to the right and makes lower inflation, higher output, lower unemployment possible.
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Doug offers to sell a computer router to Eve, but it is stolen before Eve accepts. Doug:
a. is not required to obtain a similar item for Eve, because it could take an unreasonable period of time to obtain a replacement.
b. is not required to obtain a similar item for Eve, because the theft of the original router terminated the offer.
c. must obtain a similar item for Eve, if Eve offers to pay before delivery.
d. must obtain a similar item for Eve, if Doug tells Eve that he accepts the offer.
Answer:
The answer is B
Explanation:
Since its been stolen he can't offer her anything anymore based on that transaction
the similarities of African countries
The similarities between African countries are:
Background on Agriculture in Africa
Despite the great potential for agricultural production in Africa,UNDP states that about 73% of the poor people living in rural areas subsist on less than a dollar a day.In addition, the continent has about 200 million of the world’s hungry people (Millennium Development Goals (MDGs) Technical Support Centre.Furthermore, available statistics suggest that about one-third of the continent’s population is malnourished.Africa is also the only continent where food production has been falling over the years.One of the maximum famous suggestions for the origins of the time period 'Africa' is that it's far derived from the Roman call for a tribe living in the northern reaches of Tunisia, believed to possibly be the Berber human beings. The Romans variously named these human beings 'Afri', 'Afer', and 'If'.
It is brimming full of big things. As the second biggest continent in the world, Africa is jam-full of a number of the world's biggest things: the biggest desolate tract within the globe, the Sahara wilderness (explore it on our Morocco itineraries). The longest river in the world, the Nile River, runs for 6,853km (4,258mi).
Luxembourg is a small, landlocked U. S . Positioned in western Europe and bordered by means of Belgium, France, and Germany. With a population of 642,371, Luxembourg is the simplest Grand Duchy in the world. Its GDP in keeping with a capita of $a hundred and forty,694 makes it the sector's richest.
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