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Suppose that the quantity demanded for Windows 7 system is given by Q = 320 − 2P, where P is the price of the Windows 7. Let us assume that the total cost of producing Q units of Windows 7 is given by C(Q) = 500 + 0.5Q2. What is the price that Microsoft charges for Windows 7? How many Windows 7 will Microsoft sell? How much profit it will make? Identify Microsoft’s profit maximizing price and quantity on your graph; and show the amount of profit that Microsoft will make.
The demand function for a particular brand of LCD TV is given by p=2800-35x where p is the price per unit in dollars when x thousand television sets are sold. Determine the number of sets that must be sold in order to maximize the revenue.
Define three types of elasticity of demand. Indicate how you would use information from recent research paid by your company that the own price elasticity of your product is -1.2 and not -0.8 as previously thought.
The marginal revenue product of labor for an electronics firm is MRPL = 50 - L, where L = the number of workers. If the wage of electronics workers is $20 per worker, then how many workers will the firm hire?
q1. what action can firms to take to ensure that they realize whatever economies of scale are created by their volume
International trade has many tradeoffs for each country. Overall, what has been the global trend in trade policies from 1950 to 2000?
Using the following table, compute the 95% confidence intervals for the expected annual return of the four different investments.
The saying "Give a person a fish also he shall eat today; teach a person to fish also he will eat forever" is most consistent with.
A firm has a production function represented by: q=L^(.75)K^(.25). Find a function for how much capital and labor a firm should hire to produce a given level of production in terms of the price of labor, w, and the price capital, r.
module learning outcomesbullunderstand the purpose and key parts of a business planbullknow how strengths weaknesses
q1. your cousin zenzo owns a painting company with fixed costs of p200 and the following schedule for variable
Compute the industry o/p also marketplace share at the present price of $2,200, assuming the prices are stable also un such as to change.
What is the probability that a sample of 100 units contains a. Five or more defective units? b. Ten or fewer defective units? c. Eleven or less defective units?
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