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A manufacturer of machinery parts determines that q units of a particular piece will be sold when the price is p=170−q dollars per unit. The total cost of producing those q units is C(q) dollars, where C(q)=q^3−35q^2+4q+7000
(a) How much profit is derived from the sale of the q units at p dollar per unit? (b) For what value of q is profit maximized? Round to the nearest whole number. (c) Find the consumers' surplus for the level of production q0 that corresponds to maximum profit.
q1. suppose demand function for good x is estimated to be qx 8000 - 400px 200py 0.5inbspi average income px price
One way to eliminating the tax on capital gains is to index gains for inflation. According to recent U.S. government statistics, $1 in 1972 had the purchasing power of about $3 in 2012. What would be the effect of adjusting capital gains for inflatio..
Charlie has $12,000 to invest for a period of 5 years. The following three alternatives are available to him: Account 1 pays 3.00% for year 1, 6.00% for year 2, 9.00% for year 3, 12.00% for year 4, and 15.00% for year 5, all with annual compounding. ..
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A local market for new wood pallets has daily demand described by P=178-0.2Q and supply described by P=85+0.1Q. Calculate the equilibrium quantity. Suppose a market has a supply described by P=3.0+0.1Q and a demand described by P=6.0-0.2Q. Calculate ..
Suppose that a new law requires every firm to provide its workers with free parking spaces. These spaces are worth $200 per year to workers, but cost firms $500 per year to provide
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Identify which of the following situations currently faced by the World Bank or the International Monetary Fund are examples of adverse selection and which are examples of moral hazard.
Within a monopolistically competitive industry, it would be expected that:
A production process exhibits economies of scale if:
The high rates of unemployment and business bankruptcies during the Great Depression of the 1930s caused a dramatic increase in government intervention in the economy of the United States. What was the original intent of this government intervention?..
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