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The manufacturer of high quality flatbed scanners is trying to decide what price to set for its product. The cost of production and the demand for the product are assumed to be as follows:
TC = 10,000 + 100Q + 0.02Q^2
Qd =20,000 - 100 P
a) Algebraically calculate the short-run profit maximizing price and quantity.
b) algebraically calculate the maximum profit accruable to the firm.
c) Estimate algebraically the maximum revenue accruable to the firm
Consider a manufacturer with 2-factories. They can make at either factory or both. However, we need to consider the quantities that will be produced at every factory.
Carry out an analysis from the standpoint of both EMV and expected utility to establish Jeremiah’s best course of action, including a consideration of his bidding strategy with regard to the auction.
The following production function are given and solve this problem using an spreadsheet approach and then do the problem using the optimization procedure
Assume long run production for the company is indicated by, Compute the firm's optimal amount of capital and labor.
American Linen is a company that has multiple salespersons. In 2008, it changed the compensation method for its sales force, moving from a system of fixed wages to one of base wage plus charge.
A 3*9 FRA has an agreement rate of 4.75 percent. You believe 6M libor in 3M will be 5.125 percent. You decide to take a speculative position in a FRA with a $1,000,000 notional value
Suppose Amanda Herman finds that her total spending on compact dics remaing same after price of compact fall, other things equal.
Assume that Saudi Arabia lets other members of OPEC sell all the oil they wish at the existing price which udis set and other members accept.
Let the production function be given through, Assume the plant size (K) is fixed in the short run at 100.
Determine the official measure of the deficit
Make some research on a topic known to economists as 'friction-free' or 'low-friction' economy. Early writers on this topic foresaw many of the seismic shifts that have occurred in the market place over last one to 2-decades.
The organization and coordination of the activities of a business in order to achieve defined objectives.
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