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A business owner used a revenue function and a cost function to analyze his monthly sales. One month he found that with a sales volume of 600 items he had revenues of $10,200. Another month he had total costs of $4,700 on a sales volume of 400 items. He also finds that the break-even point is 50 items. a. Find the revenue function. b. Find the cost function. Explain step by step
The systolic blood pressure of females in their 20s is normally distributed with a mean of 120 with a standard deviation of 9. What is the probability of finding a female with a blood pressure of less than 100? More than 135 between 105 and 123?
Sonya used to sell real estate and earn $25,000 a year, however now she sells greeting cards. Normal profit for the retailers of greeting cards is $14,000. Sonya utilized 4,000 of her savings to start her business.
suppose that due to whatever reason reserve demand changes and you forecast the reserve demand to now be rd 270 - 30
prepare a three-page paper in apa style that describes explains addresses and answers the following.how has technology
A consumer has a utility function of U(x,y)=xy+6x+6y. The price of good X is Px, customer income is I, hence constraint is x(Px)+y(Py)=I
both inflation rate and unemployment rate are closely watched aspects of macroeconomic performances of the economy and
the world bank is currently advising newly industrialized countries on how to encourage growth and they have asked for
1. in john stossels article in praise of price gouging stossel argues that a law banning price gouging would result in
Explain how the following would impact the money supply: a. People decide to hold more cash b. Banks hold more excess reserves c. The Fed decreases the required reserve rate d. The Fed increases the discount rate
How does the charging the monoply a specific tax per unit affect the monopoly optmum
Many monopolies are constructed by governmental legislation. like post office, local water company, local gas company, cable TV provider, local electric company.
n a competitive market, all customers pay the similar price for the goods and services. Using the idea of consumer surplus, describe why each individual would be willing to pay a higher price
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