Natural spring flows exclusively

Assignment Help Business Economics
Reference no: EM131088804

A natural spring flows exclusively on Ben's property. Residents of nearby Dry Gulch believe that minerals in the stream give the water special medicinal value. The graph below shows the demand for Ben's Miracle Water, the corresponding marginal revenue, and the marginal and average cost of selling the water. 4.2. If Ben is to maximize profit, how many gallons should he sell per week? Once you are satisfied with your positioning of the graph, click the Submit button.

Reference no: EM131088804

Questions Cloud

Old office building with estimated remaining service life : Your firm is considering purchasing an old office building with an estimated remaining service life of 25 years. Recently, the tenants signed long-term lease, which leads you to believe that the current rental income of $210,000 per year will remain ..
Interior latex paint claims one-coat coverage : The manufacturer of Glo-More flat white interior latex paint claims one-coat coverage of 400 square feet per gallon on interior walls. A painter keeps careful track of 6 gallons and finds coverage (in square feet) of 360, 410, 380, 360, 390, 400. At ..
Procompetitive and comparative advantage gains from trade : Assume a given country two industries X and Y, and in autarky X is produced by a monopolist (with constant returns to scale). Using a graph, explain the procompetitive and comparative advantage gains from trade.
Natural spring flows exclusively : A natural spring flows exclusively on Ben's property. Residents of nearby Dry Gulch believe that minerals in the stream give the water special medicinal value. The graph below shows the demand for Ben's Miracle Water, the corresponding marginal reven..
According to the National Retail Federation : According to the National Retail Federation, women spent an average of $317 over a recent Black Friday weekend. Assume that the standard deviation for this population is $90. A random sample of 50 women shoppers over this weekend was selected. What i..
Assume that the government plans to introduce tax cut : Assume that the government plans to introduce a tax cut next year. There are two groups of economists advising the administration on this issue. One group advocates business and investment tax cuts for firms and high income individuals. Take a positi..
Tax cut on business profits and interest income : You have just been appointed as the economic advisor to the president, who wants to fulfill his campaign promise of a tax cut for all deserving taxpayers. Two proposals are on the table. The first proposal suggests elimination of income tax for peopl..
Government initiates an economic stimulus package : Assume that the government initiates an economic stimulus package to help the sluggish U.S. economy. Further assume that, among other things, this package includes a one-time payment of $500 to retirees and Social Security recipients. State reason(s)..

Reviews

Write a Review

Business Economics Questions & Answers

  Calculate the total surplus of the market with price ceiling

A market has a demand curve described by P=30-Q, a supply curve described by P=16+Q, and a price ceiling of 20. Calculate the Total Surplus of the market with the price ceiling?

  Considering getting involved in electronic commerce

A company is considering getting involved in electronic commerce. A modest e-commerce package is available for $29,000. If the company wants to recover cost in 2 years, what is the equivalent amount of new income that must be received every 6 months ..

  Determine the demand for student employees

determine either the demand for student employees by the restaurant would increase, decrease, or remain unchanged.

  How do global advertising campaigns benefit the company

How do global advertising campaigns benefit the company - what are the global advertising strategies of this company? How effective are they?

  Carbon tax could raise costs for industries

Carbon tax could raise costs for industries that consume large amounts of energy, but some sectors are better positioned to recover the cost increases than others so Could higher energy prices hurt U.S. competitiveness? what can be done about it?

  Illustrate what are consumption also saving in each period

Illustrate what are consumption also saving in each period, suppose no borrowing constraints. What happens if the consumer faces a borrowing constraint that prevents her from borrowing.

  Explain how welfare creates work disincentives

Discuss the factors that cause the average income of nonwhites to be lower than the average income of whites. Explain how welfare creates work disincentives. Explain the changes in welfare caused by the "Personal Responsibility and Work Reconciliatio..

  Calculated fixed costs to equal

The accountants hired by Ohman Shoe Company have calculated fixed costs to equal $30,000, variable cost to equal $100,000, and total revenue to equal $110,000. Because of this information, Ohman Shoe Company decides

  Unit on good creates deadweight loss

Suppose a tax of $.10 per unit on a good creates a deadweight loss of $100. If the tax is increased to $0.30 per unit, the deadweight loss from the new tax would be:

  Risk-neutral individual

A risk-neutral individual would:

  List all of the possible outcomes under each strategies

List all of the possible outcomes under each of the strategies. What is the expected number of delivered (unbroken) eggs under eachstrategy.

  Planning to retire

Sam Musso is planning to retire in 20 years. He can deposit money at 8% compounded quarterly. What deposit must he make at the end of each quarter until he retires so that he can make a withdrawal of $45,000 semiannually over five years after his ret..

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!

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