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Profit
Suppose that for a product in a competitive market, the demand function is p = 1200 - 2x and the supply function is p = 200 + 2x, where x is the number of units and p is in dollars. A firm's average cost function for this product is
C‾(x) = (12,000/x) + 50 + x
Find the maximum profit.
Consider a factory that processes a single job type. Orders are processed one at a time in a serial processing configuration. One of the workstations requires.
In what year does the model predict the number of worldwide cellular subscribers will reach a maximum?
(Break-even point and operating leverage) King Inc. is a health wine company in China. The average selling price of its finished product is 38 Chinese Yuan.
Moving Average. Suppose two initial numbers are given and successive numbers are computed as the average of last two. For example, with 1 and 3, we generate.
Consider a two-person/two-good exchange economy, illustrated by a box diagram as in Figure. Illustrate a three-step process of Walrasian adjustment.
Suppose that the production function takes the form X = min(10L, 5K) and that a competitive firm faces a wage rate of £60 per week and a weekly capital rental.
There are 2500 labor hours and 4,000 square feet of lumber available each week. Determine the product mix that maximizes weekly profit.
Consider an infinite capacity 3-machine 2-operator service system where an operator is required to setup a job on a machine before processing can begin.
Maria Moneybags keeps $1,000 in her sock drawer for a year. Over the year, the inflation rate is 10%. What is the real inflation tax paid by Maria.
Math 164 - Perform two iterations of Gauss-Sidel to approximate the solution of the system - What condition on A guarantees that the iterations will converge?
A new 50-room budget motel is being planned. Total cost will be $1,450,000, of which land will be $150,000, building $900,000, furniture and equipment $300,000.
1. Solve the following integer programming problem. Provide only the values for A, B, and the Z. You may use any method you choose (graphical, enumeration of vertices, MS Solver, etc.)
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