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!
Bavarian Crystal Works designs and produces lead crystal wine decanters for export to international markets. The production manager of Bavarian Crystal Works estimates total and marginal production costs to be TC = 10,000 + 40Q + 0.0025Q2 and MC = 40 + 0.005Q where costs are measured in U. S. dollars and Q is the number of wine decanters produced annually. Because Bavarian Crystal Works is only one of many crystal producers in the world market, it can sell as many of the decanters as it wishes for $50 apiece. Total and marginal revenue are TR = 50Q and MR = 50 where revenues are measured in U. S. dollars and Q is annual decanter production. a. What is the optimal level of production of wine decanters? What is the marginal revenue from the last wine decanter sold? b. What are the total revenue, total cost, and net benefit (profit) from selling the optimal number of wine decanters? c. Is the optimal profit in answer b good enough to keep Bavarian Crystal Works in the market? Please comment on it.
Margaret and her friend, Julia, walked out of the car dealership and climbed back into their car. "Well, what do you think?" Julia asked. Margaret shook her head. "I didn't understand what Mel (the salesman) was talking about ... especially about the..
Suppose an automobile manufacturer has a fixed proportions production function that requires it always uses 2 workers and 1 machine to produce 1 car belt. If the wage rate w = $10 and rental rate are r = $15. What is the cost-minimizing combination o..
What do you imagine about the interest on payday loans is too high or just right.
Because changes in interest rates produce substitution and income effects that ________, we can't be sure what happens to _______ if interest rates change.
Explain why in Cross-Cultural Negotiations, the heuristic of availability is a culturally significant bias in a negotiation to sell a computer in a highly feminine society
Several organizations and individuals – usually advocates of a balanced budget – maintain National Debt Clock. Is national debt a worry for the economy? Economists do not agree on the answer to this question. How did the 1974 Congressional Budget Act..
Draw a demand–supply graph and label the axes with the price and quantity of khaki pants. Next, for each scenario, draw the appropriate demand–supply curve. Compare the new demand curve or supply curve by drawing it on the same graph.
Every week, more and more apps are available for Droid-based smart phones. How does this affect the optimal price for Droid-based smart phones?
q1. a consumer must pay 10 per visit to an amusement park for the first five visits but only 5 per visit beyond five
Find the equilibrium price and quantity. If the current price of the good is $100, what is the quantity demanded? What is the quantity supplied? How would you describe this situation? Equilibrium? Shortage? Or Surplus? What would you expect to happen..
Smith has been trying to sell his house for 6 months although so far there are no purchasers. Draw the market for Smith's house.
The number of parts produced per hour by a worker. when will she be at a maximum productivity.
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