User Account

All Pages

Find x and y that maximize profit

Assignment Help Business Economics
Reference no: EM133065343

The total weekly revenue (in dollars) that a company obtains from selling goods x and y is: R = -(1/4)x2 - (3/8)y2 -(1/4)xy +300x + 240y and weekly cost of production is: C = 180x + 140y + 5000. Find x and y that maximize profit.

Reference no: EM133065343

Questions Cloud

Explain the degree of product differentiation : Consider a duopoly where horizontal product differentiation is important. Firms first simultaneously choose their product locations, then simultaneously set pri
Calculate the firm total profit from selling : Consider a monopolistic firm selling the same product in two separate markets, A and B, which have different demand curves. The demand in market A is defined by
What is the bond promised yield to maturity : You own a bond with an annual coupon rate of 5% maturing in two years and priced at 85%. What is the bond promised yield to maturity
Are there any cuisines that are faithfully replicated : In the weekend edition of the London Times, a reporter interviewed visitors from Hong Kong who were touring Blackpool. The tourists commented on the difference
Find x and y that maximize profit : The total weekly revenue (in dollars) that a company obtains from selling goods x and y is: R = -(1/4)x2 - (3/8)y2 -(1/4)xy +300x + 240y and weekly cost of prod
Challenges involved in managing restaurant operation : Determine the challenges involved in managing a restaurant operation that are specific to your state or local municipality,
Discuss the intitatives taken by pakistan : Discuss the intitatives taken by Pakistan for tackling poverty and meeting the target of 0 hunger.
Calculate the flat rate that was charged : A cabinet set selling for RM10,000 cash was purchased through an instalment plan in which a 15% down payment was made. Calculate the flat rate that was charged
Explain aggregated supply or aggregated demand : Strong winds hit the vessel and blew it sideways; the ship was wedged across the canal so that no other ships could pass.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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