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 production cost and total benefit to be:
TC = 10,000 + 40Q + 0.0025Q², TB = 70Q
Where total cost and total benefit are measured in U.S dollars and Q is annual decanter production. Because Bavarian Crystal Works is the only one of many crystal producers in the world market, it can sell as many of decanters as it wishes for $70 apiece.
a) What is the optimal level of production of wine decanters?
b) Verify that this level of output maximizes not minimizes profit
c) At the optimal level of production of decanters, an extra decanter can be sold for $70, thereby increasing total revenue by $70. Why does the manager of this firm not produce and sell one unit more?
Social Dynamo Corporation earned profits last year of $49 million on sales of $500 million. During the same period, its major competitor - EIO Corp.- enjoyed sales of $490 million and earned profits of $52 million.
Explain what happens to the position of the nation's short-run Phillips Curve if the following events occur:
Use both an individual's indifference curve and budget line, and the aggregate labor supply curve to explain and illustrate your answer.
Dell Electronics just stumbled upon a new supplier of personal computer (PC) circuitry in Costa Rica that can supply standardized computer inputs at $70 per PC.
Suppose that the governmental authorities wished to decrease use of a pesticide that is leaching into groundwater supplies in a watershed by 60% from current use levels.
The advent of the one man bus involved more capital equipment: an automatically operated coin box and door control device - to name two of the capital goods that replaced the conductor."
Joan is deciding where to spend her spring break. If she goes to Cancun, Mexico, the trip will give her 9,000 utils of satisfaction and will cost her $300. If, instead, she travels to Florida, the trip will give her 5,000 utils of pleasure and w..
High Mark Industries sells solar water heaters to households interested in lower energy bills and sustainable energy.
Explain how the distinction between expected and unexpected inflation is important to the distributional effects of inflation.
Credit cards are sometimes discussed as a public problem. In 2001, purchases on credit cards accounted for 21% of consumer spending in America, which has the lowest savings rate of any big country.
Illustrate graphically the impact in the short run and the long run of a Federal Reserve decision to increase open-market purchases.
You are trying to decide whether to buy some laptop computers for your business in either Canada or in United States. Looking at identical machines on the Dell Canada and the Dell US web sites, you find that they sell for US $2000 (US dollars) in ..
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