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Assume ZCorp has the following short run production function: Q = 500X - 2X2 where X is the only variable input used by ZCorp to product its product, Q. Because ZCorp sells its product in a perfectly competitive market, it can sell all the Q it produces for $25. The current market price for input X is $100. How many units of X will ZCorp buy?
Calculate the optimal amount of pretzels and soft drinks that minimizes this firm's costs and how many frames do you provide each month?
GKX Industries expects sales of its hydraulic seals (in inches and metric sizes) to increase according to the cash flow sequences $70+4k, where k is in years and cash flow is in $1000. What is the amount of the cash flow in year 3
As capital investment analyst for the Parkhurst Printing Corporation, you have been asked to evaluate the advisability of purchasing a new printing press to accommodate projected increases in demand. This new machine is expected to last 5 years, a..
the company's variable cost for siding are: Output in of houses 2 at VC $26,000,3 housesat $32,000, 4 at $36,000, 5 at $42,000, 6 at $50,000, 7 at $60,000, 8 at $72,000, 9 at $86,000 and 10 house at VC $102,000.
Suppose the Lexington mayor caps the amount police can ne speeding motorists at $500. The police vow to step up enforcement in order to cintinue to deter speeding. How high must the probability of being caught speeding.
How much can Wells Fargo lend to developer who will repay the loan by selling first 6 view lots out of 13 lots at $190,000 each 2 year from now Assume the bank will lend at a nominal 14% per year, compounded semiannually.
The Jenkis Tool Company estimated the following demand equation for it's product: QD=12,000-4,000 P Where P=price/unit QD=quantity demanded/year The firm's total costs are $4,000 when nothing is being produced.
The Australian government administers two programs that affect the market for cigarettes.
Dependent Variable: Q R-Square F-Ratio P-Value on F Observations: 20 0.8435 28.75 0.001 Parameter Standard Variable Estimate Error T-Ratio P-Value Intercept 425120.0 220300.0 1.93 0.0716 P -37260.6 12587 -22.96 0.0093 M 1.49 0.3651 4.08 0.0009 PR ..
Consider a competitive economy that has four different jobs that vary by their wage and risk level. The table below describes each of the four jobs. Job Risk ( r ) Wage ( w ) A 1/5 $3 B 1/4 $12 C 1/3 $23 D 1/2 $25 All workers are equally productiv..
If coffee price declines by 2%, what is the expected percent change in consumer demand (assuming there are no other changes that would affect demand for coffee) What is the expected change in revenue derived from coffee sales
Suppose that the rural part of a country is hit by a major earthquake that destroys 10% of the countries housing stock. The government and private sector respond with a major construction effort to help rebuild houses. Discuss how this episode is ..
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