Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
a. Firm K is a leading maker of water-proof outerwear. During the winter months, demand for its main line of water-proof coats is given by: P = 800 - .15Q, where P denotes price in dollars and Q is quantity of units sold per month. The firm produces coats in a single plant (which it leases by the year). The total monthly cost of producing these coats is estimated to be: C = 175,000 + 300Q + .1Q2: (Leasing the plant accounts for almost all of the $175,000 fixed cost.) Find the firm’s profit-maximizing output and price. If the firm’s other outerwear products generate $50,000 in contribution, what is the firm’s total monthly profit?
b. From time to time corporate customers place “special” orders for customized versions of Firm K’s coat. Because they command premium prices, corporate orders generate an average contribution of $200 per coat. Firm K tends to receive these orders at short notice usually during the winter when its factory is operating with little unused capacity. Firm K has just received an unexpected corporate order for 200 coats but has unused capacity to produce only 100. What would you recommend? In general, can you suggest ways to free up capacity in the winter?
c. Because of rival firms’ successes in developing and selling comparable (sometimes superior) coats and outerwear, Firm K’s winter demand permanently falls to P = 600 - .2Q. What is the firm’s optimal operating policy during the next three winter months? When its plant lease expires in June?
Bradley collects historic memorabilia, and one of his prized possessions is the pistol used by Aaron Burr in his duel with Alexander Hamilton. After reading an article in a magazine, Bradley discovers that Sam owns the matching pistol, used by Hamilt..
A decrease in the money supply leads to an initial increase but a long-run decrease in the equilibrium interest rate if the _____ effect dominates other effects.
Prepare a flexiable budget performance report, assuimng that the company worked 8,500 direct labor hours during the month.
Sally and Joe recently graduated from college, both majoring in history. Joe took a prestigious job as a legal clerk. Sally took a job as a specialist in fighting forest fires. Both received additional training before entering their jobs. Who will li..
List a few major challenges YOU THINK would impact the future economic well-being of the United States. Explain how these national-level challenges can impact on local businesses in your locality.
q.a decade ago five firms supplied amateur color film in the united states kodak fuji konica agfa and 3m. from a
If a stock's expected return plots on or above the SML, then the stock's return is (A)_________ to compensate the investor for risk. If a stock's expected return plots below the SML, the stock's return is -_(B)_______to compensate the investor for ri..
q1. game theory colonel blotto has three partitions through which to defend 2 mountain passes. his challenger also has
Show that if this is true (ie that both factors of production are 'rewarded' according to their marginal products) and we add together the total value of real income to all units of labour and the total value of real income to all units of capital..
mr. banks knows that line maintenance expense varies with company size and he wants to use the latter to predict the
Depict this data with a Pareto chart. Also depict cumulative complaint line. What percent of total complaints can be attributed to most prevalent complaint.
Explain why global warming is not likely to be solved by the market mechanism alone. Utilize the terms externality and public goods in your explanation.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd