Explain in terms of marginal revenue to printing shop

Assignment Help Business Economics
Reference no: EM131236943

The following is part of a price schedule, showing the quantity discounts offered by a printing shop. Does something peculiar happen as the size of your order approaches the upper limit in a given price range? Explain in terms of Marginal Revenue to the printing shop. Can you think of a more sensible way for the printing shop to offer quantity discounts?

Size of your order Your price ($)

1–10 units .50 each

11–20 units .40 each

21–50 units .35 each

Over 50 units .30 each

Reference no: EM131236943

Questions Cloud

Demand equation for good : An MBA student has proposed the following demand equation for good Y. QdY = a + b PY + c M where: QdY = quantity demanded of good Y in millions of tons per year PY = Price of good Y in dollars per ton M = Average consumer income in thousands of dolla..
When the output is a service rather than a good : When the output is a service rather than a good, it sometimes is difficult to quantify this service. Furthermore, the quality of a service is often as important (if not more important) than the quantity. And in many cases, labor time spent with a cus..
Marketable permits to produce that number of cars trade : Suppose the government wants to restrict the number of cars by issuing a limited number of marketable permits to produce cars. The inverse market demand curve for cars is p = 20,000 − 0.9Q, the marginal cost of producing cars is constant at $4,600, a..
Where your clothes are made better or worse off : Take a look at the labels of the clothes you wear. Are any of them made in the USA? As a nation, are we better or worse off because all of clothes are made elsewhere? Are the people in the places where your clothes are made better or worse off?
Explain in terms of marginal revenue to printing shop : The following is part of a price schedule, showing the quantity discounts offered by a printing shop. Does something peculiar happen as the size of your order approaches the upper limit in a given price range? Explain in terms of Marginal Revenue to ..
Compare with other recessions since the great depression : How did the recession of 2007–2009 compare with other recessions since the Great Depression in terms of length? What effect did the recession of 2007–2013 have on government regulation? Discuss these issues with current context, 2016.
Productivity of a college professor teaching economics : Devise a method that accurately measures the productivity of a college professor teaching economics. Hopefully, the measure you will come up with will include some sort of quality measure as well. This measure you devise will be used to decide whethe..
China trade surplus and exchange rate system : Chinese policies have created a great deal of controversy and discussion. For each of the following topics, describe the issues raised by China’s trading partners and evaluate their concerns. China’s trade surplus. China’s exchange rate system
Current ratio and quick ratio : Compute the following ratios for 2016 and 2015. Current ratio, Quick ratio (acid test). Decide whether (a) Lannister’s financial position improved or deteriorated during 2016 and (b) the investment attractiveness of Lannister’s common stock appears t..

Reviews

Write a Review

 

Business Economics Questions & Answers

  Overproduction and over consumption of cigarettes

Recent Research indicates the second hand smoke from cigarettes endangers the health of those who are in sustained contact with smokers. Explain why the Market, operating on its own, will lead to an overproduction and over consumption of cigarettes.

  What purpose does the regulation or policy serve

Colleagues, assess and explain a major trade regulation or policy of the United States (please choose a regulation or policy other than one already discussed by your classmates). What purpose(s) does the regulation or policy serve?

  Blue rectangle to shade the area representing firms profit

In the short run, at a market price of $15 per shirt, this firm will choose to produce   shirts per day. On the previous graph, use the blue rectangle (circle symbols) to shade the area representing the firm's profit or loss if the market price is $1..

  What price will the firm charge to maximize its profits

what price will the firm charge to maximize its profits? what are total profits? Would a 50% tax on profits alter the firms output? by what amount and why?

  Percentage increase in production

In what industry will a given percentage increase in production workers result in the largest percentage increase in output.

  Displaying annual growth rates for nations

Consider the following table displaying annual growth rates for nations X, Y, and Z, each of which entered 2009 with real per capita GDP equal to $20,000: Which nation most likely experienced a sizeable earthquake in late 2009 that destroyed a signif..

  Process is necessary-complementary to strategic management

Defend the Process of developing a mission statement. Why do you feel that this process is necessary and complementary to strategic management? Support you answer with at least two examples.

  What happens to expected in?ation

Suppose the factors of production are ?xed and furthermore suppose the Fed announced today that they are going to reverse the quantitative easing e?orts and decrease the money supply in the near future. What happens to expected in?ation? What happens..

  Blackberry and recovering your business

The impact of a catastrophic failure can be the difference between making and breaking an organization. Many government agencies and enterprise organizations practice full-scale recovery. RIM / Blackberry suffered a major catastrophic failure in i..

  Department of energy instead of by free market

Imagine that politicians have decided that fuel prices are excessive for U.S. drivers and have passed a law that grants the power to regulate retail fuel prices to the U.S. Department of Energy. • How might supply and demand for fuel be affected by f..

  What is profit maximizing price for newspaper

Q = 12S1/2P-2. Q is number of newspapers sold and S is number of inches of news printed. The cost of reporting S units is $10S. The cost of printing one copy of the newspaper is $0.08, so the total cost of Q = $10S + .08Q. Using fact that MR = P(1+1/..

  Would there be any advantages to larger facility

North Western Manufacturing has the production function Q = min{0.25K, 0.5L}, where K is units of capital and L is hours of labour. Without any warning, the price of capital doubles. What should North Western Manufacturing do in response? Explain. If..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd