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!
a firm produces digital watches on a single production line serviced during one daily shift. The total output of watches depends directly on the number of labor hours employed on the line. Maximum capacity of the line is 120,000 watches per month; this output requires 60,000 hours of labor per month. Total fixed costs come to $600,000 per month, the wage rage averages $8 per hour, and other variable costs average $6 per watch. The marketing departments estimate of demand is P = 28 - Q/20,000, where P denotes price in dollars and Q is monthly demand. A. How many additional watches can be produced by an extra hour of labor? What is the marginal cost of an additional watch? As a profit maximizer, what price and output should the firm set? Is production capacity fully utilized? What contribution does this production line provide? B.The firm can increase capacity up to 100% by scheduling a night shift. The wage rate at night averages $12 per hour. Answer the question in part A in light of this additional option. C.Suppose demand for the firms watches falls permanently to P = 20 - Q/20,000. In view of this fall in demand, what output should the firm produce in the short run? In the long run? Explain.
Compute how this policy affects consumer surplus, and the cost of pollution. Would you recommend this policy.
Illustrate what is the present macroeconomic situation (e.g. worrying about inflation also/or recession) in the U.S.
Given your answer above, what is the Habsi's opportunity cost per acre. Illustrate what is the total economic cost per acre for your answer.
Wilpen plans to charge a wholesale price of $1.65 per can. As the average value of tennis racket is $110, and average household income of consumer is $24,600.
Explain how would a low-cost price leader enforce its leadership through implied threats to a rival. Provide at least one example of such a strategy.
Describe the output level where average variable costs are minimized. Determine the output level where marginal costs are minimized.
Europe has leveled off at Illustrate what fraction of GDP every capita in the United States.
Find ticket price that maximizes revenue. Find profit-maximizing expenditure on players and profit-maximizing fraction of games to win.
Explain underlying basis for foreign direct investment and discuss several factors that may contribute to it. What factors have likely contributed to current U.S. net direct investment position.
Calculate consumption expenditures as a percent of real GDP for all years and calculate GDP growth in 2011 and 2012.
Illustrate what would happens to the equilibrium price and quantity. The widget firm in Springfield is competitive,with numerous buyers and sellers.
Include in milestones areas identified as risk, as well as where project might be falling behind vs on track. Use colour coding of milestone to indicate this with a legend depicting meaning of colours.
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