Business, 21.11.2019 03:31 fruitsnaxFTW5535
You are the manager of a firm that produces a product according to the cost function c(qi) = 160 + 58qi – 6qi2 + qi3.
determine the short-run supply function if: (note: q^2 is equivalent to q2)a. you operate a perfectly competitive business. a. p = 35 - 15q + 3q^2 if p is greater than or equal to $52; otherwise the firm produces zero units.
b. p = 40 - 8q + 2q^2 if p is greater than or equal to $55; otherwise the firm produces zero units.
c. there is no supply curve in this case.
d. p = 58 - 12q + 3q^2 if p is greater than or equal to $49; otherwise the firm produces zero units. b.you operate a monopoly. a. p = 35 - 15q + 3q^2 if p is greater than or equal to $52; otherwise it produces zero units.
b. there is no supply curve in this case.
c. p = 58 - 12q + 3q^2 if p is greater than or equal to $49; otherwise, the firm produces zero units.
d. p = 40 - 8q + 2q^2 if p is greater than or equal to $55; otherwise, the firm produces zero units. c. you operate a monopolistically competitive business. a. p = 35 - 15q + 3q^2 if p is greater than or equal to $52; otherwise, the firm produces zero units.
b. there is no supply curve in this case.
c. p = 40 - 8q + 2q^2 if p is greater than or equal to $55; otherwise, the firm produces zero units.
d. p = 58 - 12q + 3q^2 if p is greater than or equal to $49; otherwise, the firm produces zero units.
Answers: 3
Business, 22.06.2019 20:00, mackle34
Qwest airlines has implemented a program to recycle all plastic drink cups used on their aircraft. their goal is to generate $7 million by the end of the recycle program's five-year life. each recycled cup can be sold for $0.005 (1/2 cent). a. how many cups must be recycled annually to meet this goal? assume uniform annual plastic cup usage and a 0% interest rate. b. repeat part (a) when the annual interest rate is 12%. c. why is the answer to part (b) less than the answer to part (a)?
Answers: 1
Business, 22.06.2019 23:10, hannah2757
Until recently, hamburgers at the city sports arena cost $4.70 each. the food concessionaire sold an average of 13 comma 000 hamburgers on game night. when the price was raised to $5.40, hamburger sales dropped off to an average of 6 comma 000 per night. (a) assuming a linear demand curve, find the price of a hamburger that will maximize the nightly hamburger revenue. (b) if the concessionaire had fixed costs of $1 comma 500 per night and the variable cost is $0.60 per hamburger, find the price of a hamburger that will maximize the nightly hamburger profit.
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Business, 23.06.2019 08:00, dondre54
Ray gives his son, mason, three bowls. these bowls have the same capacity, but each one differs slightly in its shape and size. ray tells his son that one of the bowls can hold more liters of oil than the other two bowls. mason points out that all the bowls, though may appear different in size and shape, can store the same volume of oil. in this case, ray was most likely testing mason's concept of
Answers: 3
You are the manager of a firm that produces a product according to the cost function c(qi) = 160 + 5...
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