Purchasing a bonnaroo hat

Assignment Help Business Economics
Reference no: EM133130073

Assuming that 51,824 people attend the festival on Saturday/Sunday and 8 percent are interested in purchasing a Bonnaroo hat, what would be your profits if you printed 4,000 hats?

Reference no: EM133130073

Questions Cloud

Marginal cost equal marginal benefit : At what level of output does marginal cost equal marginal benefit?
What is the maximum expenditure : Assume a health insurance plan had premiums of $500 per month, a deductible of $1000, a coinsurance rate of 20%, and a maximum out of pocket limit of $10,000.
What is the maximum expenditure : Assume a health insurance plan had premiums of $500 per month, a deductible of $1000, a coinsurance rate of 20%, and a maximum out of pocket limit of $10,000.
Explain what a behavioral nudge is : Explain what a behavioral "nudge" is. Why does an effective "nudge" imply that students may be behaving irrationally?
Purchasing a bonnaroo hat : Assuming that 51,824 people attend the festival on Saturday/Sunday and 8 percent are interested in purchasing a Bonnaroo hat, what would be your profits if you
Culture cultivators before becoming culture-makers : To what extent, if at all, should Christian leaders be culture keepers and culture cultivators before becoming culture-makers?
Reducing health disparities and improve health : Identify a program, policy, grant and/or interventions in your community/state/region that has improved the conditions in people's environment and the health st
How do you serve role in a healthy way : What happens when your vision for the organization is different from your supervisor's, and how do you serve your role in a healthy way?
Teaching the content for the grade level : As teachers, we are primarily focused on teaching the content for the grade level we teach. Discuss why it is important to be aware of what students already kno

Reviews

Write a Review

Business Economics Questions & Answers

  Discuss the implications of globalisation in oman

Comprehend the implications of Vision 2040, government policies, culture and historic contexts on businesses and Discuss the implications of globalisation

  What is the profit you can earn

What is the profit you can earn on $28,453 using triangle arbitrage?

  Result of deaths from secondhand smoke

How much output is lost as a result of deaths from secondhand smoke, according to the news.

  Determine the equilibrium price-quantity per firm

Each of the 10 firms in a competitive market has a cost function of c=25+q^2. The market demand function is q=120-p. Determine the equilibrium price, quantity per firm and market quantity.

  What are non-price factors

What are non-price factors that would affect either a movement along the line or a shift?

  Determining the future maintenance costs

How much would you need to set aside when you bought a new car to pay all future maintenance costs if you planned to keep the vehicle for 7 years?

  Illustrate what is the demand function for good x

Assume the demand function for good X is Qd = 600 - 2PX + 7PR, illustrate what is the demand function for good x. Which investment produces a $40 daily profit for a game shop earning $2 profit from every game sold.

  Find the steady-state capital stock per worker

Consider an economy described by the production function: Y = F (K, L ) = K1/2L1/2 where the depreciation rate is δ and the population growth rate is n. Find the per worker production function. Find the steady-state capital stock per worker as a func..

  Given the short-run cost curve-perfectly competitive market

Given the short-run (SR) cost curve in the chart above for a firm in a perfectly competitive market, find the firm’s best output level and total profits when the market price is: a) $18, b) $13 c) $5 d) $3.

  Measure the opportunity cost of producing a good

How can we measure the opportunity cost of producing a good? Using a bowed outward production possibilities curve between ice cream and hammers, identify graphically the opportunity cost of obtaining an additional hammer. Does economic growth elimina..

  What impact will high and variable rates of inflation

What impact will high and variable rates of inflation have on the economy? How will they influence the risk accompanying long-term contracts and related business decisions?

  What is the marginal rate of technical substitution

A competitive manufacturer of gadgets has the following production function: Q = 20K - K2 + 30L - 2L2 . The price of gadgets, p = 1; the wage rate, w = 10; the rental price of capital, r = 16. (a) What is the profit-maximizing level of output? (b) At..

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