How many dvds should be sold to rent per day to max profit

Assignment Help Econometrics

Reference no: EM13201293

price:1.75, 2.00, 3.00, 4.50, 5.00, 5.50. quantity: 55, 110, 165. mc=5.00/165, 3.00/110, 1.75/55. atc=5.00/165, 5.50/55. avc=2.00/55. demand=1.75/55. mr=2.00/55.

A. How many DVDs should be sold to rent per day to maximize profit? Briefly explain your answer.

B. What is the economic profit for this firm operating where economic profit is maximized?

C. Will this firm likely continue operating in the long run? Briefly explain your answer.

D. Explain the impact on this firm of other firms leaving the market. Would this action alter your decision made in part C?

Reference no: EM13201293

Questions Cloud

Compute the new volume in cubic centimeters : Decreasing cube. Each of the three dimensions of a cube with sides of length s centimeters is decreased by a whole number of centimeters. The new volume in cubic centimeters is given by V(s) =s^3 - 13s^2+ 54s -72.

Execute cash box some bills are one dollars bills : cash box some bills are one dollars bills and the rest are five dollars bills. the total amount in the cash box is $50 find the number of each type of bill in the cash box

Are cdhps more geared toward the healthier population : Are CDHPs more geared toward the healthier and younger population Are they effective for patients with chronic illnesses Will they discourage the use preventative care and cause increase healthcare costs in the future

Calculate the unit normal vector : compute the unit normal vector and the curl of F as well as the value of the integral

How many dvds should be sold to rent per day to max profit : price:1.75, 2.00, 3.00, 4.50, 5.00, 5.50. quantity: 55, 110, 165. mc=5.00/165, 3.00/110, 1.75/55. atc=5.00/165, 5.50/55. avc=2.00/55. demand=1.75/55. mr=2.00/55. How many DVDs should be sold to rent per day to maximize profit

Depict a matlab program to value a swing swap : Write a Matlab program to value a swing swap, Program a Monte Carlo model for options on Energy. It should be mean-reverting and include spikes. Give several alternative structures

Compute the demand schedule the number of workers hire : compute the demand schedule showing the number of workers hired for all wages from zero to $100 a day. What happens to this demand curve if the price of output rises from $10 to $12 per unit?

State the survey takers predict candidate a should receive : A survey of 1000 registered voters revealed that 450 people would vote for candidate A in an upcoming election. If 220,000 people vote in the election, how many votes would the survey takers predict candidate A should receive?

State how much energy is needed to pump all the water : How much energy is needed to pump all the water to the top of the tank? How much energy is needed to pump all the water to a point 3 m above the top of the tank?

User Account

All Pages