User Account

All Pages

What size has the higher mark up

Assignment Help Microeconomics
Reference no: EM13877512

An appliance manufacturer produces two models of refrigerators: small dorm-room size 4 cu ft (cubic feet) and small family size 8 cu ft. It costs $200 to produce a unit of 4 cu ft. Cost of producing a unit of 8 cu ft is $300. It is estimated that the demand functions for each model is

Q1:= 7500 - 40 P1 + 25P2

Q2:= 8000 + 20 P1 - 30 P2

where Q1 and Q2 are the quantity demanded and P1 and P2 are the prices of first and second model. Determine the quantity/price combination of models that maximizes the producer's profit. What size has the higher mark up?

Reference no: EM13877512

Questions Cloud

Did you include event c in the spreadsheet : Complete the spreadsheet that follows, using plus (+) for increases and minus (-) for decreases for each account. The first transaction is used as an example. Did you include event (c) in the spreadsheet? Why?  At the end of the current year, has the..
The company has set sight on includes asian and europe : Marry Apple Juice Company commenced its operations in 2013 dealing with the production of Apple juices manufacturing. The company is located at the edges of New York. Over time, the company has gained popularity and even entered international market ..
Uniform quantizer of the mid-tread type : A sinusoidal signal, with amplitude of 3.25 volts, is applied to a uniform quantizer of the mid-tread type whose output takes on the values 0, ±1, ±2, ±3 volts. Sketch the waveform of the resulting quantizer output for one complete cycle of the in..
Describe the techniques used in criminal profiling : On the basis of the vignette you read, respond to the following: Describe the techniques used in criminal profiling and report on the accuracy of offender's profiles. Indicate whether the offender's description is admissible in court. Your answer s..
What size has the higher mark up : Q1:= 7500 - 40 P1 + 25P2 , Q2:= 8000 + 20 P1 - 30 P2 , where Q1 and Q2 are the quantity demanded and P1 and P2 are the prices of first and second model. Determine the quantity/price combination of models that maximizes the producer's profit. What ..
Explaining how the marketing mix differs for each segment : A.  Using the table below, select an everyday product (dog food, cell phones, shoes, etc.).  Show how different versions of the product are aimed toward different market segments.  Use the note section for explanatory comments or observations.  Inclu..
Replacement of metallic automobile components : Write an essay on the replacement of metallic automobile components by polymers and composite materials. Address the following issues:
Prepare a classified balance sheet at july : Analyze transactions (a)-(e) to determine their effects on the accounting equation. Use the format shown in the demonstration case on page 69. Record the transaction effects determined in requirement 1 using a journal entry format. Summarize the jour..
What is the revenue maximizing price : An apple grower charges $22 for a 40-pound crate of apple. If customers buy more than 5 crates, he reduces the price by $2 per additional crate. What number of crate per customer maximizes the grower's revenue per customer? What is the revenue max..

Reviews

Write a Review

Microeconomics Questions & Answers

  Explain what negative externalities are

Explain what negative externalities are, and why there may be a case for government intervention to address them. Describe some of the ways to correct the negative externalities and the pros and cons of each method.

  Monetary contraction suppose the central bank wants to

monetary contraction suppose the central bank wants to decrease the price level but the economy is already at the

  Globalization

Globalization

  Competition for business

It has now become common for firms situating assembly plants to make states compete for their industry; states and local governments often race to offer most generous tax profits.

  As an economist for abc plastics your boss has asked you to

as an economist for abc plastics your boss has asked you to respond to some questions she has regarding the companys

  Discuss the us bilateral trade with a country

Discuss the US bilateral trade with a country from Africa or South America for the period 1991 to 2010 (you may use a different range of 20 years like 1995-2014).

  1 a friend of yours inherits her grandparents printing

1. a friend of yours inherits her grandparents printing company. the capital stock of the company consists of

  Consider the table below for the neighboring nations of

consider the table below for the neighboring nations of northland and west coast. the table lists the maximum feasible

  What is cost in todays dollars to manufacture new centrifuge

Hansong Electric manufactured a nuclear centrifuge that produced 1500 liters per hour of solution for $40,000 five years ago when the cost index was 120. Today the cost index is 300 and Hansong wished to produce a new centrifuge that has a capacity o..

  Given the mpc of 8 if equilibrium level of aggregate

given an mpc of .8 if the equilibrium level of aggregate expenditure is 80 billion and there is a reduction in

  Institutions that tend to foster growth

Institutions that tend to foster growth:

  Purely competitive according to strict economics definition

While very few markets are 'purely competitive' according to the strict economics definition, market analysts often use competition as the: Benchmark from which to judge other market settings

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd