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A company is considering building a bridge across a river. The bridge would cost $3 million to build and nothing to maintain. The anticipated demand over the lifetime of the bridge is x = 800 - 100p, where x is the number of crossings (in thousands) given the price per crossing p.
a. If the company builds the bridge, what will be the profit-maximizing price?
b. Will that price lead to the ancient number of crossings? Why or why not?
c. What will be the company's profit or loss? Should it build the bridge?
d. If the government were to build the bridge, what price should it charge?
e. Should the government build the bridge? Why or why not?
Pete and Lisa are entering into a bargaining situation in which Pete stands to gain up to $5,000 and Lisa stands to gain up to $1,000, provided they reach agreement. Who is likely to be the better bargainer?
Then, use the green rectangle (triangle symbols) to shade the area representing the company's profit or loss.
You are the sales manager for a software company and have been informed that the price elasticity of demand for your most popular software is less than one. To increase total revenues, you should:
Each firm in a competitive market has a cost function of \(C=q+q^{2}+q^{3}\) The market demand function is Q = 24 - p. Determine the long run equilibrium price, quantity per firm, market quantity, and number of firms.
Maureen Laird is the chief financial officer for the Alva Electric Co., a major public utility in the midwest. The company has scheduled the construction of new hydroelectric plants 5, 10, and 20 years from now to meet the needs of the growing pop..
tom can produce 40 balls per hour or 4 bats per hour. tessa can produce 80 balls per hour or 4 bats per hour.a.
advanced analysis given the following diagrams q1 12 bags. q2 7 bags. q3 19 bags. the market equilibrium price point
Suppose the game is infinitely repeated. What strategies will each firm likely utilize?
A large equipment rental company wants to estimate the mean number of days a piece of equipment is rented out. A random sample of 14 recent rentals shows a mean of 2.14 days and a standard deviation of 1.29 days.
Illegal discrimination results from behaviors or actions by an organization or managers within an organization that cause members of a protected class to be unfairly differentiated from others.
Divide the data into two groups: points where R1 4 in one group, points where R1 ≥ 4 in the other. Compute the least-squares line and the residual plot for each group. Does the line describe either group well? Which one?
You are appointed secretary of the treasury of a recently independent country called rugaria. The currency of rugaria is the lav. The new nation began fiscal operations this year
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