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!
The Bramwell Corporation has estimated its demand function and total cost function to be as follows:
Q= 25 - 0.05P TC = 700 + 200Q
Answer the following questions either by developing demand and cost schedules. (hint: Use quantities from 1 to 14) or by solving the equations.
What will be the price and quantity if Bramwell wants to
Maximize profits?
Maximize revenue?
Maximize revenue but require the profit to be a minimum of $300?
I know that to solve I can change the equations to
= 25-Q/ .05 P= 500-20Q
TR= P X Q TR= (500-20Q)Q TR= 500Q- 20Q2 TR = 500-40Q
Profit max level of output. Quantity firm will minimize average total cost. Illustrate at what price will y shut down.
Problem 1: Unipart, a manufacturing of auto parts, is considering two B2B marketplaces to purchase its MRO supplies. Both marketplaces offer a full line of supplies at very similar prices for products and shipping. Both provide similar service lev..
Suppose there are 100 firms in a perfectly competitive industry. Each firm has a U-shaped, long-run average cost curve that reaches a minimum of $10 at an output level of 8 units. Marginal costs are given by MC(q)= q+2 and market demand is given by Q..
If she invests her prize money in a diversified equity portfolio returning 7 percent per year, to become a millionaire, before accounting for taxes, it will take her nothing years.
A random sample of 36 subjects who identified themselves as compulsive buyers was obtained and given a questionnaire.
Your weekly costs to producing q units are given by the following equation: C(q)=7+10q+3.5q2 +q3. With this technology, AC is minimized at approximately q = 1.11. What is the long-run equilibrium price of in this market, given that there are no barri..
What are the advantages of letting immigrants into America, and letting them stay and create a life for themselves and their families?
When the price of gasoline increased from 3 to 4 dollars per gallon, the demand for gasoline decreased from 100,000 gallons to 90,000 daily. Also, the demand for a $50,000 SUV dropped from 3000 to 2500 cars per month. Estimate the price elasticity of..
One of the explanations of this change in the natural rate of unemployment is based on the demographic pattern in the U.S. How does the demographic pattern affect the natural rate of unemployment?
What is a perfect (pure) price competition model and what are its assumptions? Explain in detail how the price competition model is supposed to work, its process and the outcome (this includes many components relating to the quality of goods, the typ..
If there is a new breakthrough in manufacturing technology that reduces the cost of producing DVD players by half, what will happen the following Four parts of supply and demand: (1) supply of DVD players, (2) demand for DVD players, (3) price and sa..
Suppose Jason has allocated his entire budget to the purchase of apples and bananas. The marginal utility of the last apple purchased is 10 utils and each apple costs 10 cents.
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