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Suppose that your computers were not working and you had to solve the following problem for management by creating and explaining a data table.
For each five thousand units of output (from 30 to 90) average variable cost is AVC = 540/Q + 60 + 1.2 Q. Suppose fixed costs are $ 2500.
a) Calculate total costs for annual output from 30 to 90 (in 5 unit increments) and total revenue if demand is Pd = 240 – 1/3 Qd. Prepare a table with the appropriate headings, and values to determine where the optimal quantity is.
within the discussion board area write 400-600 words that respond to the following questions with your thoughts ideas
suppose you are a painter and the price of a gallon of paint increases from 3.00 a gallon to 3.50 a gallon. your usage
A perfectly competitive painted necktie industry has a large number of potential entrants. Each firm has an identical cost structure such that long-run average cost is minimized at an output of 20 units (qi=20). The minimum average cost is $10 per..
Calculate the six firm concentration ratio and Herfindahl-Hirschman index for this industry. What does each of these measures have to say about the degree of concentration in the industry
Fairfield began a living wage that paid all landscapers in the city a wage above the current market wage. Vacaville, a neighboring city, did not begin a living wage. Below are employment date for the year before and the year after the living wage ..
consider the following statement to maximise profit you need to sell your output at the highest price. after what you
suppose a firms production function is given by q l12k12. the marginal product of labor and the marginal product of
Determine which system, socialist or capitalist, feudalism or mercantilism, works better? Explain your reasoning? Also, which type of business gives the owner highest protection or the most incentive to succeed?
5 countries are USA, Japan, Sweden, Trinidad and Tobago, and Botswana Go to CIA world factbook, click on guide to country comparisons, economy and GDP per capita Which country has the highest and lowest standard of living
Your report should be approximately two pages in length, you should use diagrams wherever appropriate and clearly state any assumptions underpinning your analysis.
just bikes inc. sells tricycles in partially-assembled and fully assembled forms. parents who assemble their own
Given this is a monopoly with an expiring patent in 30 days, what price and quantity will result once the competition emerges in this market.
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