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1) As the manager of a 60-unit motel you know that all units are occupied when you charge $100 a day per unit. Each occupied room costs $76 for service and maintenance a day. You have also observed that for every x dollars increase in the daily rate above $100, there are 2x units vacant. Determine the daily price that you should charge in order to maximize profit. Calculate the number of occupied units. Assuming that fixed cost is $562 calculate optimal profit.
2) A firm is selling a product with a constant marginal cost of $40. The own price elasticity of demand for the product has been estimated to be -2.0. Calculate the profit-maximizing price that the firm should charge.
Rock-paper-scissors is a game played between two people, in which each player chooses rock, paper or scissors.
How many units of good 1 and good 2 will Bart demand? As his income keeps increasing, how would it affect demand for both goods?
A retiree living on pension income typically has lower income than if s/he had kept on working. So why would anybody ever retire?
1) What is the impact of diploma mills on legitimate educational institutions? How does one check the credentials of learning institutions to verify legitimacy? What should one look for when selecting an institution of higher learning?
The Federal Trade Commission (FTC) recently issued a report titled, "Data Brokers: A Call for Transparency and Accountability." What is the role of the FTC with respect to consumer privacy? What is the significance/impact of this report?
write an equation for the problem. then use the equation to answer the question.
Whereas Project D has a higher net present value if the discount rate exceeds 12 percent. Which of the following statements is most correct?
Write a shell script, named grepdir.sh, that searches for a pattern in a directory, and all of its subdirectories.
Let's discuss the topic of industry standard operational platforms, PC versus MAC, Linux versus Windows, and lastly Oracle versus SQL Server. It's common for many individuals to strongly prefer one over the other as it relates to their chosen plat..
A program stores test scores in two int variables named myScore and expectedScore. Write the C++ code to compare the two scores
It can be influenced on how the economy is performing. According to the lecture one this week, interest rate is speaking of two factors long run bas rate.
What benefit do you get from using a Primary Interop Assembly (PIA)?
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