Reference no: EM131230044
Laurel and Hardy have written a new managerial economics textbook, for which they receive royalty payments of 15 percent of total revenue from book sales. Because their royalty is tied to revenues, not profits, they want the publisher to set the price so that total revenue is maximized. However, the publisher’s objective is to maximize profits. If total gross revenue (before royalties are deducted) can be expressed as
TR = 10000Q – 2Q2
and the total cost function is
TC = 1,000,000 + 200Q + 2Q2
a. Determine the output rate that will maximize the total gross revenue. At this level of output, calculate how much gross revenue results for the publisher, the publisher’s net revenue (gross minus royalties), the publisher’s profit, and the amount of royalties received by Laurel and Hardy. Be sure you have found a maximum for revenues.
b. Determine the output rate that would maximize profits for the publisher. Using this output rate, how much would gross revenues be? What will net revenues be? What will profits be? What will royalty payments be for Laurel and Hardy under this solution?
c. Determine output, gross revenues, net revenues, and profits if the publisher grants Laurel and Hardy a fixed royalty of $1,500,000, but zero percent of revenues.
|
Returns an array in which elements
: Given a sorted array of 100 scores, the quartiles are at index 25, 50, and 75, which divide the data into even rankings each of which are the bottom, 2 middle, and top 25% of all scores. Write an algorithm with expected running time of O(n) that, ..
|
|
Calculate the percentage of s.d. with net counts
: A G.M. counter records 4,900 background counts in 100 min. With a radioactive source in position, the same total number of counts are recorded in 20 min. Calculate the percentage of S.D. with net counts due to the source
|
|
Perform computing tasks
: 1. Identify at least 3 types of computers, how they process information, and the purpose and function of key hardware components. 2. Identify how to maintain computer equipment and solve common problems relating to computer hardware. 3. Explain how..
|
|
Background review and synthesis of the literature
: The assignment is Background review and synthesis of the literature for the topic of your research-based report. - define a problem in your workplace or community persuasively and accurately.
|
|
Determine output rate that will maximize total gross revenue
: Laurel and Hardy have written a new managerial economics textbook, for which they receive royalty payments of 15 percent of total revenue from book sales. Determine the output rate that will maximize the total gross revenue. At this level of output, ..
|
|
Each worker is contracted to work five consecutive days
: In an LTL (less-than-truckload) trucking company, terminal docks include casual workers who are temporarily to account for peak loads. At the Omaha dock the minimum demand for casual workers during the 7 days of the week (starting on Monday) is 20, 1..
|
|
Transmitting a signal on one end and measuring
: Which tool measures cable length by transmitting a signal on one end and measuring the time it takes for the reflection to reach the end of the cable? Which structured cabling component provides connectivity to computer equipment in the nearby work..
|
|
What are the advantages of new methodology
: In the past, the medical center has aggregated all facilities costs, and then allocated the total amount on the basis of square footage. What are the advantages and disadvantages of the new methodology?
|
|
Computer forensic examiner receiving a suspect
: Also, imagine you are a computer forensic examiner receiving a suspect hard disk drive from a detective in your department. The drive was seized properly during a legally executed search warrant.
|