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Provide an appropriate response. The annual revenue and cost functions for a manufacturer of zip drives are approximately image and image, where x denotes the number of drives made. What is the maximum annual profit?
Show the steps please
Assume for this CheckPoint that purchasing a new home is a major decision requiring a substantial financial outlay where the wrong decision has long-term financial consequences.
A savings bank offers $1000 certificates deposit. Each certificate can be redeemed for $2000 after 8.5 years. What are (a) the nominal, (b) the effective, annual interest rate, if the interest is compounded continuously?
Suppose the hotel in the lecture example raised its price from $30 to $30.50. With the new price, the hotel expects 96 guests to arrive 5% of the time, 97 guests 10% of the time, 98 guests 20% of the time, 99 guests 30% of the time, 100 guests 25% of..
Let’s go back to better times for Radamel, before his injury. Remember he had a monthly allowance of $200 and an hourly wage of $50. Suppose that Radamel’s utility function is U=C^.5L. assume that the total “awake” hours are 110 per week. How many ho..
q. each day matt eats lunch at school. he likes only twinkies t and soda s and these provide him a utility of utility
Assume that the demand for chalk is = 8 0.1, where is the market price and is the total market output measured in thousands of boxes of chalk. Suppose that there are three firms in this industry, each of which has a constant variable cost of $2. Cons..
Which of the following statements is true about the middle management in the context of levels of management? A(n) _____ manager is responsible for planning, pricing, and promoting products and making them available to customers through distribution...
A monopolist operates at the minimum point of her ATC curve
Calculate point price elasticity a a price of $3 and calculate the point price elasticity at a point of $9. Is the demand price elastic or inelastic at these points?
An interest rate of 10% compounded continuously is desired on an investment of $15,000. How many years will be required to recover the capital with the desired interest if $2,030 is received each year?
An economist gives the following advice to a museum director: “You should introduce “peak pricing”. At times when the museum has few visitors, you should admit visitors for free. And at times when the museum has many visitors, you should charge a hig..
What branch of ethics does the general form of this question belong to, “Under what conditions (if any) is a particular action morally permissible?”
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