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Q. The Zinger Company fabricates as well as sells a line of sewing machines. Demand per period (Q) for a scrupulous model is given by the following relationship:Q = 400 - .5P where P stands for price. Total costs (including a "normal" return to the owners) of producing Q units per period are:TC = 20,000 + 50Q + 3Q R3a) Express total profits (π) in terms of Q.
b) At what level of output are total profit maximized? Illustrate what price will be charged? At this output level what are total profits?
a) What model of market pricing has been assumed in this problem? Validate your answer.
A county is considering using a piece of park land for one of two alternative recreation projects. Project S would require construction costs of $2 million (year 0) and generate net benefits of $1 million per year for 10 years.
If this price floor is implemented, how many units of pork will the government are forced to buy to keep the price at $2.25.
Assessing the development of the discipline from today's perspective, how would Keynes's impact compare with that of your candidate.
Describe the international monetary system known as the Bretton Woods system, or the gold exchange standard that existed from the mid 1940s to the early 1970s.
Illustrate now have to lend out how much does this bank if it decides to hold only required reserves.
If the government uses a tax to get producers to internalize their externality, what is the net price received by producers.
Find Equilibrium GDP (Y). If potential GDP is 1950, is the economy in a recessionary or inflationary gap. Suppose that the MPC, falls to 0.75, so C = 0.85DI. Find Equilibrium GDP.
Compare the consumption levels of workers in both countries. Explains the diversity between the countries.
You complain that the current labor contract specifies a full hour for your lunch break and you still have over 15 minutes left.
Recent survey of high school students, it was found that the average amount of money spent on entertainment each week. Values are representative of all high school students.
Each customer purchases their smoothie at the store where the total cost, i.e. price of smoothie plus travel cost, is the lowest.
Advertising is powerfull strategy to make people aware about company products and services and for this case is to emphasize reliability and low price, this effort will help the company to sustain in this area and to develop a customer franchise a..
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