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Suppose, in Example 7, it costs the BBC realty company, on the average, $800 each month to maintain each vacant apartment. What monthly rent should they charge if their profit is to be maximized?
Example 7
BBC Rentals Inc. owns a large apartment complex containing 400 identical apartments. If the monthly rent for each apartment is $800 all the apartments are rented. However, for each $60 monthly increase in rent 3 apartments become vacant. Find an expression which may be used to represent their monthly income and determine the monthly rent to be charged to maximize their income
The shopping trip to Klang, however, involves transport cost of RM 50 and travel time (valued at RM 50). Considering the economic costs of shopping, which option is better, i.e., shopping in Kuala Lumpur or shopping at Klang, Selangor?
Show that ESF interventions are automatically sterilized and thus do not alter money supplies. How do ESF operations affect the foreign exchange risk premium?
On the basis of the financial data presented, compute the various financial ratios and make an informed analysis of Nano's financial health.
If a customer withdrew $2,000 in cash from a bank and the reserve ratio was 0.2, by how much could the supply of money eventually be reduced?
According to the Inflation Calculator at www.bls.gov/cpi/home.htm, what would $100 in 1860 be worth in 1865? By how much did prices rise during the Civil War?
explain how the values (how to calculate them) for Marginal Physical Product and Marginal Revenue Product First Column: Number of workers Second Column: Total output Third Column: Marginal Physical Product Fourth Column: Marginal Revenue Product
Label the axes, show the units and draw the demand curve as accurately as possible. b. If the wage rate for packers is $7.50 an hour, how many labors will Solander Fiji employ? Explain your answer.
Explain why the second model is a restricted version of the first, stating the restriction.
Calculate total revenue, marginal revenue, marginal cost, and average cost at each level of sales fo the store. If Swim N Style is a profit maximizer, what number of suits will it sell per hour? What will its price and profit be? How can you tell wha..
A firm sells its product in a perfectly competitive market where other firms charge a price of $130 per unit. The firm's total costs are C(Q) = 40 + 10Q + 2Q2. a. How much output should the firm produce in the short run?units
Costs associated with the manufacture of "blah" are $73,000 per year. They found that by spending $16,000 now, the cost will go down to $58,000 next year and $52,000 in years 2 through 5.
Estimate the preceding regression. What is the interpretation of the various coefficients? Give a logical reason for why the results are this way
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