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When the price for a color television is $240, the monthly sales for this item at a department store is 450. For each $5 increase in price, the monthly sales fall by 5 units. How many color televisions should be sold to maximize monthly sales and what price should be changed to maximize sales?
Hardware should be broken into, at a minimum, two high-level tasks: collect requirements and procure software. These will be mainly COTS systems requiring no modifications. One engineerwill be assigned full time to monitor this task. This will all..
This means the full cost of each shirt is $1.25. Calculate the socially optimal number of shirts to be cleaned.
Coldwell Banker is employing 10 acres of land and 50 tons of cement to produce 1,000 parking spaces. Land costs $4,000 per acre and cement costs $12 per ton. For the input quantities employed, MP L = 50 and MP C = 4.
A-1 Box Company is planning to lease a computer system that will cost (with service) $15000 in year 1, $16500 in year 2, and amounts increasing by 10% each year thereafter. Assume the lease payments must be made at the beginning of the year.
A cable company has a monopoly over the cable services industry in Rhode Island. The market demand curve for cable is P = 1000 - Q, where Q, the firms output, is here the number of hundreds of households with cable.
The purchase price of a natural gas- fired commercial boiler (capacity X) was $181,000 eight years ago. Another boiler of the same basic design, except with capacity 1.42X, is currently being considered for purchase. If it is purchased, some optio..
Howard Bowen is a large cotton farmer. The land and machinery he owns has a current market value of $4,000,000. Bowen owes his local bank $3,000,000. Last year Bowen sold $5,000,000 worth of cotton. His variable operating costs were $4,500,000 and..
Planning, Siting, and Permitting of Landfills: Outline the steps for constructing a landfill. What factors can affect the volume requirement of the landfill over time? What are some examples of fatal flaws that should be considered in the construc..
a. What is the opportunity cost of a pie at Bakery 1 b. What is the opportunity cost of a cookie at Bakery 2 c. Which bakery has a comparative advantage in the production of cookies d. Draw the production possibilities curve showing the combined effo..
Could it be profit maximizing for some firms to adopt the new technology but not profit maximizing for other firms to adopt that same technology? Which firms would choose to adopt the new technology? How would they be different from the firms that..
Find the BLUE estimator of µ in the case where it is known that Y1 and Y2 have the same variance (are homoskedastic), say σ2Y . Show that it is, in fact, BLUE. Report the variance of this estimator.
Fit an earnings function using your EAEF data set, taking EARNINGS as the dependent variable and S, ASVABC, and MALE as the explanatory variables, and perform a Goldfeld-Quandt test for heteroscedasticity in the S dimension. (Remember to sort the ..
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