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A firm’s total cost and marginal cost functions are: TC = 20 Q2 + 6 Q – 10 ; MC = 40 Q + 6.
Assuming that the market price is 166 and that the marginal revenue (MR) is also 166 (it is constant at all output levels),
a. What is the profit maximizing level of output produced?
b. Prove that your answer to part a., is the profit maximizing quantity.
c. What will be maximum profits for this firm?
Evaluate the role and effectiveness of transformational and transactional leadership in the organization. Support your (claims, points) with examples (from).
The following data represents number of customers arriving at Quick Lube for an oil change between 8 and 11 AM over the past 6 days. 12, 9, 11, 12, 10, 13. Compute the MAD statistic for the moving average forecast (from part a). Compute MAD for the e..
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Hall- Mark regularly supplied electronic parts to Peter Lee. On September 11, 1992, Lee gave Hall-Mark a $100,000 check for parts it had received. Hall-Mark continued to ship parts to Lee. The trustee said that the payment was not actually made until..
Define the role of the health information management (HIM) professional in the process of implementing software systems that have ethical implications. How can the HIM professional benefit from ethical guidelines? What is the benefit to the HIM, his/..
Taco Bell and Qdoba are both listed as competitors to Chipotle. Taking into account the current events surrounding Chipotle, which do you think is the greater threat, Taco Bell or Qdoba, and why?
You are preparing an announcement news release for a special event. Consider the adaptations necessary for: all traditional/legacy media and for major social media, keeping in mind additional content you might suggest for apps.
Which of the following can reduce waiting time for customers?
Why would a consumer go to the library instead of using the Internet for research? How might e-marketers capitalize on consumer interest in relationships as an outcome of Internet activity? Answer to each question could be about one full page.
The Chairperson of the Department of Business Administration at TSU wants to forecast the number of students who will enroll in Operations Management next semester in order to determine how many sections to schedule. Compute an exponentially smoothed..
You have 30 steel balls. All weigh the same except one which is lighter (Red X). You have a weighing scale and 2 pans (no measurements). Identify the Red X ball in the least number of tries on the weighing scale.
The just-in-time (JIT) movement has long argued that firms should: Using the economic order quantity (EOQ) and reorder point (ROP) formulas, explain how such efforts would be consistent with JIT’s push for lower inventory levels.
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