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Shortest paths with turn penalties. Figure 4. 15(b) gives a road network in which all road segments are parallel to either the x-axis or the y-axis, The figure also gives the traversal costs of arcs. Suppose that we incur an additional cost (or penalty) of α units every time we make a left turn. Describe an algorithm for solving the shortest path problem with these turn penalties and apply it to the shortest path example in Figure 4.15(b). Assume that α = 5.
All of its current sales are to private sector customers and each pays $12.00 per unit for the equipment. The sales price is equal to 150% of average variable costs. A government agency has offered to purchase 300,000 units at $10.00 each. If Comp..
When the colts won the super bowl the demand for peyton manning's jersey was: P = 210 - 0.002Q with a corresponding marginal revenue of: MR = 210 - 0.0004Q IF the marginal cost of producing a jersey is $10, how much are the trademark licensing rig..
what is the advertising elasticity of demand facing a typical producer, under the assumption that each producer has chosen its price and advertising level to maximize profits
What are the profit-maximizing quantities and prices if firm i is a monopolist in this market? Compare with part c.
suppose that a perfectly competitive firm faces a market price 10 per unit and at this price the upward-sloping portion
Citgo Petroleum Corporation's frequent filler programs awards 2 free gallons of gasoline after the purchase of 10 gallons. A gallon costs $3.00. Given that information, evaluate the following statement: Citgo would have the same effect on demand by..
Suppose that college education raises a person's wage by $30,000 per year, from $40,000 to $70,000. Assume that the interest rate is 3 per cent and there is no growth in wages. Suppose you are a high school senior and deciding whether or not to go..
Below is a table with total data for a firm in a perfectly competitive industry. Quantity Total Cost 0 100 10 220 15 300 20 360 25 450 30 600 35 770 40 960 What is the marginal cost and average total cost for the firm at each level of output
Suppose the government places a $15 per carton excise tax on cigarettes in an effort to reduce smoking. Cigarette producers are required to pay this tax out of their revenues. Draw the supply and demand graph based on the original supply and deman..
a firm produces according to the following production function: Q=k^.5L^.5 where q= units of output, k= units of capital, and L= units of labor. suppose that in the short run k=100. moreover, wage of labor is w=5 and price of the product
for Product X. Qx = 10,000 - 100 Px + 0.5 Y - 1000 r (3,000) (20) (0.3) (105) Where Qx is the quantity demanded of Product X, Px is the price of X, Y is income, and r is the prime interest rate (given in decimals, e.g., 0.02 or 0.05) The standard ..
What is the marginal product of the third worker What is the marginal revenue product of the second worker What is the marginal cost of the fourth worker Based on your knowledge of marginal analysis, how many workers should you hire
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