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1. After a 10 percent price discount, a company found that its weekly sales increased by 30 percent. If the marginal cost (MC) of this product is $40 each, determine the optimal price for this product?
2. Suppose the total cost equation for a competitive firm is given by:TC=1,000+ 10Q -2Q^2 + 0.5Q^3(A) At what output is the average variable cost (AVC) at a minimum?
(B) If the market price of the firm's output is $7.5 per unit, should the firm produce or shut down?
A case study states that the concession stand accounts for well over half the profits at most theaters. Determine, what are the benefits of staggered movie times allowed through multiple screens?
A corporation requires $500,000,000 to finance a major project in the firm. The company is expected to generate a total of $80,000,000 in earnings next year with the addition of this project.
A corporation wish you to use rate of return analysis to evaluate the economics of buying the mineral rights to a mineral reserve for a cost of $1,500,000
A new manager recently was given an project to make two possible wage schemes for a design firm. The manager came up with the following packages:
An economist had estimated sales trend line for the Sun Belt Toy Corporation as follows:
Draw the firm's average and marginal cost curves on the following diagram and the information in the following table relates to a firm's average and marginal costs of operating each of three plants (X, Y and Z). Each plant has a U-shaped average c..
Assume the market price of sugar is twenty-two cents per pound. If a sugar farmer produces 100,000 pounds, the marginal cost of sugar is 30 cents per pound.
Use the following data to answer the questions given below; Calculate the profit-maximizing level of output and price if the company sells all of its tickets at one price.
The manufacturer of high quality flatbed scanners is trying to decide what price to set for product. The cost of production and the demand for product are assumed to be as follows:
The following is a hypothetical short run production function calculate the total output when two hours of labor are employed?
What is the profit maximizing number of Gizmo Widgets that should be introduced? Be sure to account for the fact that Gizmo Widgets displace other kinds of widgets. Again, be sure you provide a brief explanation of your approach/reasoning.
QopyQat specializes in printing business cards and resumes, using latest laser technology. After examine the business, manager has decided that weekly demand can be approximated;
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