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Suppose it costs $30 for each lobster trap set. Lobsters sell for $15. If X traps are set, the harvest rate of lobsters, L, as a function of the number of traps, is given by: L = 45 X –X2. Suppose lobstermen could limit the number of traps permitted. How many traps should be permitted, if Australia wanted to maximize overall profits from lobstering? How many lobsters would be harvested? What would total profits be from lobstering?
identify production level to maximize profitsexplain how to balance fixed and variable costsapply economic cost
what are the 5 activities of an effective production planning and control system. discuss 2 of the activities in
In each of the following cases, in the short run, determine whether the events cause a shift of a curve or a movement along the curve. Determine which curves is involved and the direction of change.
Despite the absence of patent protection, Semi-Salt has averaged accounting profits of 5.5 percent on investment since it began producing polyglutamate- a rate comparable to the average rate of interest that large banks paid on deposits over this ..
Give an example of how segments help marketers to analyze data. How does this differ from aggregate data? Your answer should be 200-300 words in length. Include citations where appropriate.
Identify an example in which a firm you are familiar with made a strategic decision that was focused on improving the organization's profitability. How did the market structure in which the firm competes affect the firm's decision-making?
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suppose nominal gdp in 1999 was 100 billion and in 2001 it was 270 billion. the general price index in 1999 was 100 and
Why is it so hard for actively managed funds to generate higher rates of return than passively managed index funds having similar levels of risk?
question 1use the information on the kumquat market in the table to answer the following questions.a. what are the
Service sector outputs could be expected to increase in price less than industrial sector outputs as an economy grows. Labor productivity rises as the amount of capital available to workers increases. A superior level of technology is an important re..
1. if the economy is to have significant built-in stability then when real gdp increases the tax revenues shoulda. fall
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