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In a couple of paragraphs describe the practical use of optimization models and linear programming.
• Where do you think it is best applied?
• What industries would be beneficial to use optimization models?
• Your responses to your classmates’ postings should either agree or disagree with the original post and provide perspective as to why you agree or disagree.
Determine the point price elasticity of demand for Tweetie Sweeties.Determine the advertising elasticity of demand.What interpretation would you give to the exponent of N?
Sort the list below according to whether or not an item is an assumption made under perfect competition (aka pure competition or competitive industry). Assumed in perfect competition. Not assumed in perfect competition.
The Competitive Fringe: Consider a market with one large firm and many small firms. The supply curve of the small firms taken together is S(p) = 100 + p. The market demand curve for the product is D(p) = 200 − p. The cost function for the large firm ..
q.suppose a bank is faced with two types of borrowers - a high risk borrower that should be charged an interest rate of
A TV manufacturing company estimates that when TVs are sold for x dollars a piece, consumers will bu 8000/x TVs each week. The company also determines that profit is maximized when the selling price x is 1.4 times the cost c of producing each unit. H..
i. Compute the B E P in units and in shs. ii. Assume that the company intends to make a profit before tax of 20% of sales, determine the number of units that must be sold.
Calculate the currency-to-deposit ratio (cr), and the money multiplier (m) given the above values. Calculate total required reserves (RR), total actual reserves (AR) and the monetary base (MB). Now assume the FED lowers the required reserve ratio to ..
Is there a relationship between GDP and the business cycle. If so, explicitate relationship exists and how might a business manager use this information to increase their profits.
At the moment, the market is completely ignoring things like record US trade deficits and the widening current account deficit. It is also largely ignoring the possibility of Federal Reserve rate cuts. Traders and investors are instead focusing only ..
The demand curve for Widgets is given by QD = 6000 - 2y - 200p + 30pG, where QD is the quantity of widgets demanded, y is the per capital income and pG is the price of Gizmos. An increase in per capital income will cause A) demand shifts left. Can yo..
Suppose the governments of two different economies, economy J and economy K, implement a permanent tax cut of the same size. The marginal propensity to consume (MPC) in economy J is 0.85 and the MPC in economy K is 0.8. The economies are identical in..
Don Ball is a 55-year-old engineer. According to mortality tables, a male at age 55 has an average life expectancy of 21 more years. Don has accumulated $150,000 toward his retirement. He is now adding $5000 per year to his retirement fund. What is t..
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