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The sales manager for ABC Electronics wants to maximize his profit on the sale of two portable media player models, JVD-2000 and MDP-72. The wholesale costs of these models are $310 and $100 per unit respectively. The retail sales prices are $420 and $140 per unit respectively. The total wholesale cost of all media players purchased must be less than or equal to $200,000. To meet his quotas the sales manager must purchase a minimum of 100 units of each player from his wholesaler. Find the optimal number of the two different media player models purchased to maximize the total profit by using the graphical solution method. (You can use Excel Solver to confirm your answer but please submit your graphical solution.)
If you receive an inheritance of $10,000 today, how long do you have to invest it at 8% per year to be able to withdraw $2,000 every year forever? Assume the 8% per year is a return that you can depend on forever.
The discount rate is the interest rate on loans that the Federal Reserve makes to banks. Banks occasionally borrow from the Federal Reserve when they find themselves short on reserves. A lower discount rate_____ banks' incentives to borrow reserves f..
The constant or intercept term in a statistical demand study represents the quantity demanded when all independent variables are equal to:
q1. when the federal government decreases the individual and corporate income tax rates?q2. between sweezy oligopoly
The demand for 1,000 units of a part to be used at a uniform rate throughout the year may be met by manufacturing. The part can be produced at the rate of 3 per hour in a department that works 1,880 hours per year. The set-up cost per lot is estimate..
The current account balance will fall if
If a firm’s short-run average total cost function and its short run variable cost function satisfy: SAC(200, w, r, K) = 16, SAVC(200, w, r, K) = 12, SAVC(400, w, r, K) = 16, at a specific wage w, a specific rental rate r, and specific fixed capital l..
The consumer likes orange juice and cranberry juice but he or she does not like to have them together. In another words, consumer prefers 8 units of orange juice and 2 units of cranberry juice or 8 units of cranberry juice and 2 units of orange juice..
What effect does the Dollar depreciation and appreciation have on US trade balance? Explain. Discuss the pros and cons of a fixed-exchange rate regime.
Graphically illustrate the total surplus associated with 2 randomly chosen quantities in the market (put this on two separate diagrams).
Compute the percentage change in nominal GDP, real GDP also the GDP deflator.
The Marginal Product of Labor and the Marginal Product of Capital are given.
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