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Q1. Consider a market characterized by the following inverse demand and supply functions:
P =10-2Q and P = 2 + 2Q.
a. Draw the Demand and Supply curves.
b. Compute the surplus received by consumers and producers in a perfectly competitive equilibrium.
Q2. Recently the National Association of Broadcasters imposed restrictions on the amount of commercials that could be aired during children's television shows. This effectively reduced the quantity of advertising allowed during children's viewing hours by 33 percent. Within four months, the price of a minute of advertising on network television increased by roughly 14 percent. What impact do you predict this had on the revenues of the networks?
Q. 3 A division manager is presented with two new project proposals. Both projects are projected to cost $60,000. Project 1 is predicted to have a 50% chance of generating $100,000 in revenue and a 50% chance of generating only $50,000 in revenue. Project 2 is predicted to have a 75% chance of generating $100,000 in revenue and a 25% chance of totally flopping and generating effectively no revenue. If she is riskaverse, which of the two will she prefer?
If she wants to make money, will she launch that preferred project?
Linear programming is a mathematical technique used to determine the optimal solutions to certain specific problems.
The article study for the demand, supply and the market equilibrium has been discussed. The article that has been review was published on August 2012.
Draw the individual cost curves on one graph: marginal cost, average total cost, average ?xed cost, and average variable cost. Place costs ($) on the y-axis and quantity (Q) on the x-axis.
Explain whether the firm will make economic profit, In the short run and In the long run.
Determine the official measure of the deficit
The organization and coordination of the activities of a business in order to achieve defined objectives.
What is the profit maximizing number of Gizmo Widgets that should be introduced? Be sure to account for the fact that Gizmo Widgets displace other kinds of widgets. Again, be sure you provide a brief explanation of your approach/reasoning.
Prepare the sketch the Fourier transform of a rectangular pulse of amplitude 10 V and width 0.1 second that is centered on the zero time axis. Determine the autocorrelation function of a rectangular pulse.
Carry out an analysis from the standpoint of both EMV and expected utility to establish Jeremiah’s best course of action, including a consideration of his bidding strategy with regard to the auction.
Prepare a Marginal Cost Analysed Income Statement for 2014 from the above data to identify total and individual medical procedure contributions and profits.
MGMT 3306: Solve the assignment problems, 1. Please answer the assignment questions in this docx file and save once you’re satisfied. Assignment 3covers the lectures slides for Week 6.
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