Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Making dresses is a labor intensive process. Indeed, production function of a dressmaking company is well described through the equation Q=L-L^2/800, where Q denotes the number of dresses per week and L is the number of labor hours per week. The firm's additional cost of hiring an extra hour of labor is about $20 per hour (wage plus fringe benefits). The firm faces the fixed selling price, P=$40.
a. how much labor should the firm employ? What are its resulting output and profit?
b. Over the next two years, labor costs are expected to be unchanged, but dress prices are expected to increase to $50. What effect will this have on the firm's optimal output? Explain. Suppose instead that inflation is expected to increase the firm's labor cost and output price by identical (percentage) amounts. What effect would this have on the firm's output?
c. Finally, suppose once again that MCl=$20 and P=$50 but that labor productivity (i.e. output per labor-hour) is expected to increase by 25 percent over the next five years. What effect would this have on the firm's optimal output? Explain.
Discuss and explain the individual contributions that could be made through a cross-functional team to the following list of activities.
Today's Friday night, and you are just about to leave your room to attend a party. However, a copy of New York Times catches your eye.
Describe critically growth maximisation model of morris - Grade Level : Post Graduate Level
"A characteristic of oligopolistic market is that, once the general price level is established it tends to remain fixed for an extended period of time." Discuss the economic rationale underlying this phenomenon.
During the last ten-years, sales revenue has increased from 25 million to 65 million. Estimate the company's growth rate in sales using the constant growth model with annual compounding.
The table below demonstrate the demand for Fidgets over an eight month period. Calculate a four-period moving average forecast for September.
Mid-Atlantic Cinema, runs a chain of movie theaters in east central states and has enjoyed great success with a Tuesday Night at the Movies promotion.
Suppose a company that uses two inputs. The quantity used of input 1 is denoted by x_1 and the quantity used of input 2 is denoted through x_2.
Market Structure and Pricing Decision Applied Problems, BUS 640 Managerial Economic,
The fresh milk market in Honolulu is purely competitive. The typical production cost is defined through a a cubic cost schedule as given below.
The organization and coordination of the activities of a business in order to achieve defined objectives.
Let the production function be given through, Assume the plant size (K) is fixed in the short run at 100.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd