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Campbell's sells used trailers, U, and new trailers, N, Its profits are given by p = 100N+68U-5N^2-5U^2-2NU. The profit-maximizing combination of trailers for Campbell's is: (A) N= 9 and U = 5. (B) N=7 and U=7 (C) N=5 and U=9 (D) N=13 and U=0 (E) N=9 and U=9.
If at all possible, please show some of the work so that I at least know how to set up this problem correctly. I do truly want to learn how to do this type of problem but the book we have is not very helpful and I am having trouble finding an example on YouTube where I can watch someone walk through it.
A Federal Reserve Bank has recruited the economic consulting firm to prepare a paper on how the use of money has changed over the past 20 years.
You're the absolute czar and head of union of 1,000 plumbers in Austin, Texas. You've the absolute power to set the wage at which the plumbers will work. You wished to achieve full employment at highest possible wage; (b) you wished to maximize the..
Describe your selected school experience that influenced your personal identity development.
Assume that a "leader country" has real GDP per capita of $40,000, whereas a "follower country" has real GDP per capita of $20,000. Next suppose that the growth of real GDP per capita falls to zero percent in the leader country and rises to 2 perc..
this problem is based on the specific factors model. consider the economy of the shire that produces cereals and
Enrique is considering a trip around the world in three years. He will sell all of his possessions at that to fund trip. Two years ago, he bought a used car for $12,500.
What is the Nash equilibrium (or equilibria) in game?
When Erika's income increases by 3 percent, her demand for tickets to professional hockey games increases by 6 percent. Erika's demand for tickets is income (elastic/inelastic). For Erika, hockey tickets are (normal/inferior) good.
Describe the balance that you currently seek between career and family life. Do you believe that the mindset of corporate America is conducive to the type of work and family arrangement that would suit you? Explain the major reasons why or why not..
The business world become more competitive. If we are to compete with firms in Singapore, Indonesia, and Malaysia, we must keep our costs down. Labor accounts for 75 percent of expenses.
B2. Suppose that consumers become pessimistic about the future health of the economy, and so cut back on their consumption spending. What will happen to aggregate demand and to output? What might the government have to do to keep output stable?
The optimal No. of orders is 6. What is the optimal level of safety stock and the associated re-order point?
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