When will she be at maximum productivity
Course:- Business Economics
Reference No.:- EM1349718

Assignment Help
Assignment Help >> Business Economics

Q. In 2005, Bob's Burgers charged $1.50 for a quarter-pound hamburger with all the fixin's, and sold 7,500 of them. In 2006, although Bob raised the price to $1.75, sales of quarter-pound burgers rose to 8,200. Discuss why this does not represent a violation of the law of demand.

Q. The number of parts produced per hour by a worker is given by N=4+3t^2-t^3 where t is the number of hours on the job without a break. If the worker starts at 7 A.M., when will she be at a maximum productivity?


Put your comment

Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
Consider the model of Gaynor & Town (2012) in which hospitals choose quality with a fixed price. Recall that the model begins with a demand specification, qj = sj (zj , z\j )
You are going to display what happens in the long run in perfectly competitive markets when firms are operating at a loss. Demonstrate the shift that will occur in the market
Illustrate what are the historical trends and current state of the federal budget and deficit spending. Should the federal budget be balanced? Is this really necessary.
For each of the situations below use supply elasticity to explain the how the equilibrium price and quantity change. (a) The demand for collectable baseball cards from the 195
Johnny has allocated $30 toward coffee and tea and feels that coffee and tea are perfect substitutes. Due to differences in caffeine levels, his MRS of tea for coffee equals
The demand function for a product using resource X is given by Q = 180-2P and the cost of production is constant at MC = 20 Write the inverse demand function for this product.
Generally wind turbines can substitute for coal in the production of electricity. Imagine a breakthrough in the production of wind turbines reduces the cost of generating elec
Wage contracts are associated with: Consider the Taylor rule. If the inflation rate in the economy were to fall by 2% below the target inflation rate, the target federal funds