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!
An auto-service establishment has estimated its monthly cost function as follows:
TC = 6000 + 10 Q
where Q is the number of cars it services each months and TC represents its total cost. The firm is targeting 35,000 net monthly profit servicing 2000 cars.
a. What price should the firm charge to realize the targeted profit?
b. What would be its (cost-based) markup ratio?
c. Now suppose the demand curve the firm faces is:Q = 3000 - 50 P. Is the firm going to achieve its profit goal? Explain.
d. If your to answer to (c) is "no", what would be the optimal markup ratio for this firm?
Suppose the firms compete in quantities. If firm 1 deviates from collusion in one period, what is the profit of firm 1 in that period in subsequent periods.
Briefly describe a product or service you use every day and suggest a better approach to advertising that product/service than is currently being used. Explain your rationale.
pecifies that the real wage will rise by 10 percent in the second year of the contract. The CPI is 1.00 in the first year and 1.1 in the second year. Illustrate what dollar wage must be paid in the second year.
Rental cars should be treated as perfectly divisible. Be sure to provide numerical coordinates for any particularly key point.
Illustrate what is the total contribution to GDP from the above events. The university bookstores received 4 million euros.
What kind of goods are gasoline and road deaths. How might this impact how we evaluate increases in gasoline prices.
U.S. Higher alcohol taxes, more traffic deaths. Why might re be more traffic deaths in states that have higher alcohol taxes.
Explain why would the increase in GDP be greater than the increase of a $100 increase in government spending.
Illustrate what are the opportunity costs for the manager of being in this business relative to returning to his old job. What is the economic profit of the business.
Discuss what happens to the demand and or supply and to the equilibrium price and quantity in the market for housing as population increases and at the same time the government releases more land for housing.
Forecasters predictions of inflation are notoriously inaccurate, so their expectations of inflation cannot be rational.
Why would secrecy in operating a business be important to an owner? What form of organization would be most appropriate for a business requiring great secrecy?
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