Determining the organization face deficit

Assignment Help Basic Statistics
Reference no: EM132519324

Question 1: Being as manager of an organization, your finance manager warn you the organization face deficit, unable to afford the cost, the economist that you have hired for investigation found that the price elasticity is η= 0.3. If the price of per unit is 100 and the quantity is 3000 units

a) Estimate the total revenue if prices increase at 5%, 12%, 16% and 20 % the Qd is decreasing at 2950, 2810, 2580.and 2500 units.

b) Select the optimal price level, where revenue is maximum

c) Construct the table, draw the graphs and interpret the result.

Question 2: Safa Bahar Sanitizer production firm estimates that, the demand for their products are in the perfectly elastic in the short run. Firm is going to increase quantity of production by hiring more labors, while the capital is considering constant. If firm hires 6 labors, the MP for every additional labor is 11, 7 , 4, 2, 1 and 0?

a) Construct the table for short run production (MP, AP and TP)

b) Draw graphs for short run production

c) Identity the maximum unit of output

Reference no: EM132519324

Questions Cloud

Vertical intercept and the slope of the line : Write the equation of the budget line in the form that you can read off directly the vertical intercept and the slope of the line.
What is balance of retained earnings after year-end closing : What is the balance of Retained Earnings after the 2019 year-end closing? unadjusted trial balance of Johnson Corporation as at 31 December 2019
Explain the three key attributes related to the subject : Briefly respond to all the following questions. Make sure to explain and backup your responses with facts and examples. This assignment should be in APA format.
Relevant factors that affect the ped : you notice that due to Covid 19, the ticket price has decreased from $80 to $50, the no of tickets bought has increased from the usual 2500 to 4200.
Determining the organization face deficit : Being as manager of an organization, your finance manager warn you the organization face deficit, unable to afford the cost, the economist
Evaluate social, economic and technological trends : Student will be able to analyse and evaluate social, economic, political and technological trends. Name four elements of culture and indicate why are important
How an encounter is reimbursed under opps : To understand how an encounter is reimbursed under OPPS, the various categories of SI must be correctly applied. However, when determining encounter.
Calculate the firm mc-avc and ac schedules : A firm's production function for pretzels is shown in Figure 5.1. If the firm's fixed cost equals $100 per time period and the wage rate equals $1 per unit
Explain the common properties for the points : a) Show the derivation of the individual demand function for a utility maximizer consumer

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd