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The equations for hand soap and laundry soap is as follows:(i) TC = 12+2Q (ii) TC = 0.3Q3- 2 15Q+ 25Q
If the demand function for both firms is: P = 115 - 2Q.
(a) Plot the breaking even points, total revenue and total cost.
(b) What is the range of values of Q (output) for which the firm makes a profit.
(c) what comments can be made about the profitability of both firms
Determine the future value at the end of year 3 for each alternative at an interest rate of 15%. (Answer: new $2546K, renovate $2509K)
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Do you think the state has any intention of ever stopping the lottery, given the fact that the state relies on it to bring millions of dollars into its treasury? Is it possible that lottery can make everyone a millionaire? Is it ethical to suggest th..
Show graphically, and with a few well-chosen sentences how a Major League Baseball team can help both itself and consumers by vertically integrating its local broadcasting network. You may assume that both the team and the broadcasting network start ..
Draw a graph showing the supply and demand for hybrid cars before and after an increase in the petrol prices.
The diagram illustrates the demand curve, isoprofit curves and the marginal cost curve of MQ2020, a luxury car manufactured by MQ Motors.
You are the manager of a firm that produces output in two plants. The demand for your firm's product is P = 80-Q, where Q = Q1 + Q2. The marginal cost associated with producing in the two plants are MC1 = Q1 and MC2 = 8. How much output should be pro..
Explain 3 timing issues recognition, administrative and operational lag Explain how these issues affect fiscal policies.
On Juan’s 26th birthday, he deposited $5,000 in a retirement account. Each year thereafter, he deposited $1,000 more than the previous year. Using a gradient series factor, determine how much was in the account immediately after his 35th deposit if:?..
If the quantity of housing supplied in a community is greater than the quantity of houses demanded, the existing price:
Assume Caesar allocates his entire budget to the purchase of chips as well as soft drinks.
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