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A decision maker wishes to maximize total benefit, B = 3x + xy + y subject to the cost constraint, C = 4x + 2y = 70.
Setup the Lagrangian and then determine the values of x and y at the minimum level of benefit, given the constraint.
What are the maximum benefits?
A cost behavior analysis indicates that 75 percent of the cost of goods sold are variable, 50 percent of the selling expenses are variable, and 25 percent of the administrative expenses are variable.
Calculate the six-firm concentration ratio and Herfindahl-Hirschman index for this industry. What does each of these measures have to say about the degree of concentration in the industry? Explain.
An industry has 20 companies and a concentration ratio of 30 percent. If you were in this industry and there was an increased demand for the product that pushed up price of the goods,
Suppose that the risk free rate of return is 3% and the market portfolio on the capital market line (CML) has an expected return of 11 percent and a standard deviation of 14 percent.
Dell Computer Corporation, the world's biggest personal computer maker, is keenly aware of everything its rival PC manufacturers decide to do.
Ann McCutcheon is employed as a consultant to a company producing ball bearings. This company sells in two distinct markets, each of which is completely sealed off from the other.
Determine what is Risky Behavior Amoung Youths in Behavioral Economics and explain how does it affect the economy?
"A characteristic of oligopolistic market is that, once the general price level is established it tends to remain fixed for an extended period of time." Discuss the economic rationale underlying this phenomenon.
What does it mean "it's like a balloon"? What is like a balloon? Why is it like a balloon? 3.) Explain why government regulations to restrict some activity occurring in a free market typically end up making matters worse. 4.) Who supported the Dodd-F..
An unprofitable company has employed me to determine whether they should shut down there unprofitable operation or not.
neeed to prepare an cgi script that send mass emails.input fields sender name sender email subject message choose html
Examine the common elements of compensation packages. Determine which two elements you believe to be the most motivational to an employee and to you. Support your position. Compare team and individual bonuses and incentives.
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