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Assume that the manager of a company operating in competitive market has estimated the company's average variable cost function to be AVC=4000-5Q+0.002Q^2
Total fixed cost is $62500. The firm across the street is charging $1000 per unit that they sell.a. What is the minimum value for AVC?b. How much output should the firm produce in the short run?c. How much profit will the firm earn?
Hint: if we face the following quadratic equation: ax^2+bx+c=0, then we can find x using this formulax=(-b+-(b^2-4ac))/2a.Use the largest number as your solution
Mid-Atlantic Cinema, runs a chain of movie theaters in east central states and has enjoyed great success with a Tuesday Night at the Movies promotion.
Mr. Smith, has fallen behind on his work, he has asked you to help to make a letter for a local business or economic project.
Would the reward system vary among retailers, manufacturers, distributors, financial organizations? What other characteristics should good performance incentives have?
College A is planning outsourcing their groundskeeping. They have been given a bid from Groundskeeper Willie for $250,000 a year, with the claim that he will keep school grounds in the same condition they are in now.
Suppose your employer sends you on a reconnaissance mission to Roswell, New Mexico. Your CEO wants to relocate company's customer service operation to Roswell,
Using the data in the following table, Complete the last two columns by replacing the * with the correct values and create the following curves in one chart.
The Manager of your corporation pension fund is compensated based entirely on fund performance; he received over $1.2 million last year.
Two months before, the landlord of a car dealership significantly changed his sales manager's compensation plan. Under the old plan, the manager was paid a salary of $6000 every month
The Quik Service Walk In Clinic always has three M.D. and 8 R.N.s working at its 24 hour clinic, which serves consumers with minor emergencies and ailments.
Suppose you have a machine tool manufacturing company that produces one standardized type of tool. Your total costs change as demonstrate in the table below:
A portfolio manager is being evaluated based on the time-weighted average rate of return. If the manager had achieved annual returns for the past three years of 2.5 percent, 14.5 percent and 9 percent on one initial investment of $500,000,
The following table demonstrate yearly sales information for Landrover, Inc., over the ten-year 1998-2008 period:
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