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Four Seasons Hair Salon is the only women's hair stylist in Lake View. A business consultant has estimated its monthly cost functions as follows: TC = 2000 + 80 Q + 0.05 Q 2 MC = 80 + 0.1 Q The firm is faced with the following demand: Qd = 800 - 4 P a. Determine the profit maximizing level of the output for this firm. b. What price should the firm charge to maximize its profit? c. What is the firm's profit at the profit-maximizing output? d. What is its average variable cost at this level of output? e. What price should it charge if it were to maximize its revenue?
the shape depends partly on how much time consumers have to adjust a change in prices. Over a short period the demand curve is fairly steep because a few adjustments can be made.
Suppose c = wL + rK and q = L 1/3K 1/4 and perfect competition in all markets. Find the demand for labor and capital and the supply of q. If p = 8, w = 1 and r = 2, find the quantity supplied and the profits.
Are credit cards money? Explain. Why do we accept money as payment? What affects the value of money? What is the purchasing power of dollar? How higher prices affect purchasing power of dollar?
What are your monthly payments during years 5, 6, and 7? b. How much interest is in the sixtieth month's payment? How much principal?
What exchange is Netflix listed? What are the listing requirements for that exchange and how does Netflix compare to those requirements?
The government imposes a maximum price on apartments that is below the equilibrium price.
Suppose a consumer's level of satisfaction is given by AB2 and he/she has a total of $10 to spend on goods A and B. If the price of A is $1 and the price of B is $2, and assuming you can only purchase whole units (not fractional) of A and B, how many..
Describe the best possible distribution channel for that product or service and why that particular channel would be better than any alternatives. Discuss the challenges you would face if you decided to market your product or service on a global ..
Assuming that no currency leakage occurs, how much will the bank be able to lend to its customers following the Fed's purchase?
Illustrate what is definition of price elasticity of demand. Explain relationship between price elasticity and total revenue.
Please provide and discuss two examples of positive externalities and two examples of negative externalities regarding government regulation on business. Choose any two of these four examples and discuss what the government could do to correct these ..
What is one explanation for why this labor supply curve is upward sloping?
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