Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
EverKleen Pool Services has fixed costs of $3,500. The manager of EverKleen has estimated the following marginal cost function for EverKleen, using data for the last two years: SMC 125 0.42Q 0.0021Q2 where SMC is measured in dollars and Q is the number of pools serviced each summer. Each of the estimated coefficients is statistically significant at the 5 percent level.
a. Given the estimated marginal cost function, what is the average variable cost function for EverKleen?
b. At what output level does AVC reach its minimum value? What is the value of AVC at its minimum point?
c. Should the manager of EverKleen continue to operate, or should the firm shut down? Explain.
d. The manager of EverKleen finds two output levels that appear to be optimal. What are these levels of output and which one is actually optimal?
e .How much profit (or loss) can the manager of EverKleen Pool Services expect to earn?
f. Suppose EverKleen's fixed costs rise to $4,000. How does this affect the optimal level of output? Explain.
Illustrate what would each political philosophy of utilitarianism, liberalism, and libertarianism likely suggest should be done in this situation.
Select an article in a newspaper or magazine that discusses a government policy on goods or services.
Calculate the effect of the following events on the monetary base:
Starting with estimated demand function for Chevrolets given Problem 2, suppose that the average value of the independent variables changes to n=225 million,
For a developing country to increase, it needs capital. The major source of capital in most nations is domestic saving, but the target of stimulating domestic saving usually is in conflict with the government policies targeted at decreasing inequalit..
make the costs of compliance and non-compliance with regional trading bloc rules and regulations.
Most practitioners presently update MRP weekly or biweekly. Would it be more valuable if updated daily, or even on a real-time basis.
Starting with the reaction functions of duopolists Cournot solution algebraically.
Exchange rate overshooting elucidate why permanent government spending increases are less effective in increasing output than temporary increases.
How will each of the following changes in demand or supply affect equilibrium price and equilibrium quantity in a competitive market, that is do price & quantity increase, fall, remain unchanged,
Compute the PV of Mr. Deco's payment using the equivalent real cash flow and real discount rate.
Illustrate what is the cross elasticity of demand among the two brands of widgets.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd