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Suppose the Indiana Power Company wishes to maximize profits. The cost, demand and revenue functions have been determined and given below. Determine Indiana Power's profit maximizing price, output and level of profits.
Q = output level
P = Price
TC = Total Cost = 20 + 5Q + Q2
P = 25 -Q Demand Function
P=
Q =
Profit =
The second derivative =
Since the second derivative is (enter positive or negative) we have a (enter maximum or minimum)
Discuss and explain two conflicts of interest faced by an Investment Advisor who is employed by a commercial bank or an investment bank?
Assume that there are 2-states that do not trade, Iowa and Nebraska. Each state manufacture the similar two goods: corn and wheat.
Assume labor is the only cost of production and labor coefficients (hours of labor required per unit of output) in MACONDO and KRYPTON for each good are as follows:
Assume the demand and supply for milk are described through the following equations: QD = 600 - 100P; QS = -150 + 150P, where P is price in dollars,
Elucidate proportion of the variation in sales is explained by the independent variables in the equations
The marketplace is saturated with modems, and your sales department has been able to identify only one potential buyer of your modems.
Make sure to properly cite and reference the article in your review, along with any additional sources that you use.
In the 1st half of the 20th century, AT&T had a near monopoly on local and long distance phone service. The company charged a price for local telephone services.
Comprise a reconciliation of the differences among the forecasts for GDP and a rationalization for which forecast
The table given below gives the production and values for a small economy that produces only bread and pop. The base year is 2002.
Illustrate what it says regarding the current state of the economy and the latest reading and trend.
Suppose the company is considering using an amount equal to 10 percent of its retained earnings to invest in one of the two mutually exclusive projects.
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