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!
1. An automobile manufacturer has five outdated plants: one each in Michigan, Ohio, and California and two in New York. Management is considering modernizing these plants to manufacture engine blocks and transmissions for a new model car. The costs to modernize each plant and the manufacturing capacity after modernization are as follows:
Plant
Cost [$ millions]
Engine Blocks [1000s]
Transmissions [1000s]
Michigan
25
500
300
New York
35
800
400
Ohio
40
900
600
California
20
200
The projected needs are for total capacities of 900,000 engine blocks and 900,000 transmissions. Management wants to determine which plants to modernize to meet projected manufacturing needs and, at the same time, minimize the total cost of modernization.
Formulate a binary (0-1 integer) programming model that could be used to determine the optimal solution to the modernization question facing management.
Solve the model formulated in part a) and provide a recommendation for management.
A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/10,000. The marginal cost is constant and equal to 0.30. The fixed cost is 3,000. Variable cost is 0.30Q. Find the monopolist's profit-maximizing..
Congress is considering a tax credit program for those who purchase energy-efficient appliances. Proponents of the program have said that $400 million will be given directly to taxpayers and argue that this will have an economic effect that is gre..
Informed decision-making is an important aspect for working in the government. According to Milakovich and Gordon, provide some examples of how information technology can be used to assist bureaucrats in decision-making
Compute the total revenue and total economic profit at each level of output. Compute the pizza shop's marginal costs and marginal revenue level of output. What is the profit maximizing rate of output for pizza shop?
Analyze the major barriers for entry and exit into the airline industry. Explain how each barrier can foster either monopoly or oligopoly. What barriers, if any, do you feel give rise to monopoly that will allow the government ..
Every year there are new, and sometimes unexpected lawsuits against US corporations. Choose a case for study at the web site http://www.usdoj.gov/atr/cases.html You will find many, many antitrust lawsuits listed alphabetically.
There are economies of scale in ranching, especially with regard to fencing land. Suppose that barbed-wire fencing costs $10,000 per mile to set up. How much would it cost to fence a single property whose area is one square mile if that property a..
Consider a firm that has just built a plant, which cost $20,000. Each worker costs $5.00 per hour. Based on this information, fill in the table below:
What is the maximum per unit that sellers are willing to pay intermediaries if hiring them saves $8 transaction costs?
Your corporation sells its product online and in stores. Your marginal cost $30 is the same in both markets. The demand and marginal revenue curves in two markets are different however.
Compute the annual lease payments. Remember, the payments are to be considered at the beginning of each year - annuity due.
Please provide a thorough definition for each theory and explain all the components and fundamental conclusions of each!
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