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A tire production company has the fixed costs equal $4,000,000 and the variable cost of production of one tire is $30. Each tire is sold for $70 per piece. what is the break-even production output? how many tires should the company produce to generate profit of $1,000,000?
Suppose a monopolist's demand is given by the function P=25-3Q. Let the total cost of production be 7Q+28 for positive levels of output, and zero otherwise. Illustrate what is the profit maximising output.
The Brisbane Manufacturing Company produces a single model of a CD player. Each player is sold for $196 with a resulting contribution margin of $73. Brisbane's management is considering a change in its quality control system. Currently, Brisbane spen..
You are the manager of a firm which produces also markets generic type of soft drink in a competitive market.
Analyze your chosen topic from the basis of our course content by beginning with an underlined thesis statement (purpose) in the first paragraph. Then use each paragraph to analyze a separate concept, theory, or principle from the text which helps ex..
A consumer has the utility function U(x,y) = x^αy^β, where x≥0 and y≥0 represent her consumption of goods X and Y, and α>0 and β>0 are exogenous parameters. Calculate the consumer’s demand functions for good X and (separately) good Y. These demands m..
Using the four scenarios, discuss each and choose periods when each scenario has occurred in the u s or other countries a higher interest rates, more capital invested b lower interest rates, less capital invested c lower interest rates, more capital ..
Would each of the following increase, decrease, or have no impact on the ability of open-market operations to affect aggregate demand?
In which of the following industries would you expect price collusion to be easier to maintain: mobile telephone service or fast food? Use the factors affecting ease or difficulty of effective collusion to justify your answer.
It’s that season again! You have engaged in a market study to categorize your patients’ willingness to pay for their flu shot into 8 equal sized groups: $40, $35, $30, $25, $20, $15, $10, $5). All of your costs are fixed except labor and materials, w..
A low - cost noncontact temperature measuring tool may be able to identify railroad car wheels that are in need of repair long before costly structural failure occurs. If the BNSF railroad saves 100,000 in year 1, $110,000 in year 2, and amounts incr..
Elucidate how an increased federal budget deficit resulting from a recession can actually help stabilize an economy.
What is the difference between a stock exchange and an over-the-counter market? What are the three most important stock market indexes? A company is expecting to pay a dividend per share of $20 per year forever. If investors require a 10% rate of ret..
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