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!
Production Analysis
The N. E. Fishent Widget Corp. (NWC) has a monopoly in producing and selling widgets and faces the following demand relationship for its widgets (where Q is the quantity per year and P is the price in U.S.$):
Q = 10000 - 100P; equivalently, P = 100 - 0.01Q
The company has fixed costs of $140,000.00 and variable costs of $20.00 per widget.
(a) What is the profit maximizing level of production/sales for this company? What is the price? What are its profits?
(b) The senior management of NWC, concerned that profits may not be as high as they could be, hires a costing consultancy firm - Tech and Lux LLC (aka T&L) -- to assess T&L's costs. T&L discovers that the company has been misinterpreting its fixed and variable costs. Consequently, T&L concludes that NWC's true fixed costs are only $60,000, while its true variable costs are $40.00 per widget. On the assumption that T&L is correct, what would your answers to (a) be? Explain why the new answers are different (or why they are not).
Which of the following statements about setting optimal two-part tariffs for many consumers is NOT true? Explain your answer.The total profits is composed of the profit from the entrance fee (tariff) and from the profit from sales to buyers.
If a two linear demand curve run through a common point than at any given quantity the curve that is flatter is more elastic? Whether buyers or sellers bear the majority of the tax burden depends on who initially imposed the tax?
Analyze the federal debt over the past 100 years, by decade. What were the major issues or causes per period?
A consumer has quasilinear preferences over a single good and money, with demand function x(p) = max{15 - p/2, 0} for the good. 1) How much money would the consumer be willing to pay to gain access to a market for the good with uniform price $10 per..
The labor market demand is given by Ed = 1,058,800 - 9,600. w and the labor market supply is given by Es= 11,000.w- 33,000.
Which of the following events may decrease market labor demand? Choose all that apply.
Which of the following statements about marginal and average tax rates is correct?
Describe the current monetary and fiscal policies in the United States. how these policies affect exxon mobil. Predict how possible changes in monetary and/or fiscal policy may impact the supply and demand of exxon mobil. Assess how the current monet..
q1. the number of taxicabs in motorville and the taxicab fares are regulated. the fare currently charged is 5 a ride.
Cartwright Computing expects to order 600,000 memory chips for inventory during the coming year, and it will use this inventory at a constant rate. Fixed ordering costs are $300 per order; What is the economic ordering quantity for chips? How many or..
If average variable costs are assumed to remain constant over a 10 percent increase in output, evaluate the effects of the proposed price cut on total profits.
Variable costs are costs that _______ in total, but ________ as the business activity level changes: A. change; remain constant per unit B. change; change per unit C. remain constant; remain constant per unit D. remain constant; change per unit
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