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Can you explain (3-4 paragraphs). Please provide some cited sources, and also please show mathematically how you came to your explanation (using economic rules, etc)...
A New Hampshire resort offers year-round activities: in winter, skiing and other cold-weather activities; in the summer, golf, tennis, and hiking.
The resort's operating costs are essentially the same in winter and summer.
Management charges higher nightly rates in the winter, when its average occupancy rate is 75 percent, than in the summer, when its occupancy rate is 85 percent.
Can this policy be consistent with profit maximization?
General Cereals, (GCI) produces and markets Sweeties!, a popular ready to eat breakfast cereal. In an effort to expand sales in the Secaucus,
Suppose you are the manager of a company that produces products X and Y at zero cost. You know that different types of consumers value your two products differently,
Making dresses is a labor intensive process. Indeed, production function of a dressmaking company is well described through the equation Q=L-L^2/800,
The following questions refer to a company, whose manager recently estimated its average variable cost function to be;
Two local ready mix cement manufacturers, Here and There, have combined demand given through Q = 105 - P. Their total expenses are given by TC = 5Q + 0.5Q2 and TC = 5Q + 0.5Q2.
An unprofitable company has employed me to determine whether they should shut down there unprofitable operation or not.
Determine what is the relationship between productivity and the wages earned by an employee? What are some factors that determine the level of your income?
Suppose if the Federal Reserve were to sell bonds, what would likely happen to money supply and interest rates? Explain it carefully.
A 3*9 FRA has an agreement rate of 4.75 percent. You believe 6M libor in 3M will be 5.125 percent. You decide to take a speculative position in a FRA with a $1,000,000 notional value
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.
Economists estimated the following cost function for X Company, Compute the ATC, AVC and MTC and plot on another graph.
Suppose a company that uses two inputs. The quantity used of input 1 is denoted by x_1 and the quantity used of input 2 is denoted through x_2.
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