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Perception

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Suppose that the total cost function of a firm is TC=1000+10Q.

asked Dec 7, 2021 in Economics by Zachariah88

If C.J. expects to receive 5,000 mask orders for each kind of mask per month (i.e., a total of 10,000 mask orders), what would be the cost he would incur for each machine? [You should have 2 answers here, both in $.] 1

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A perishable dairy product is ordered daily at a particular supermarket. The product, which costs $1.2 per unit, sells for $1.64 per unit. If units are unsold at the end of the day, the supplier takes them back at a rebate of $1 per unit. Assume that daily demand is approximately normally distributed with µ = 145 and σ = 30. Note: Use Appendix B to identify the areas for the standard normal distribution. What is your recommended daily order quantity for the supermarket? Round your answer to the nearest whole number. Q* = fill in the blank 1 What is the probability that the supermarket will sell all the units it orders?

asked Nov 14, 2020 in Business by mbanefo

Please see attached the two data sets: 1) psychology test scores and 2) blood pressure data Please run multiple regression analysis on both of these datasets and provide a 1 page report on your findings. Please do not attach the excel output. You can show your results in a table format (similar to Project I) along with the narrative. 1) Psychology test scores: Analyze whether test scores on Exams 1, 2 & 3 have a significant impact on Final Exam grade 2) Blood pressure data: Analyze whether age (in years) and weight have a significant impact on blood pressure reading

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Three musicians can play together as a duo or a trio for an event (but not as soloists). They will collect $900 for performing as a trio. Should they instead perform as a smaller ensemble, they would be paid less: Musicians 1 and 2 could collect $800, Musicians 1 and 3 could collect $600, and Musicians 2 and 3 could collect $400.

asked Sep 22, 2020 in Economics by Oreoisreal

SBL Ltd decided on the 5th of February to start producing bottled water. By 14th March, SBL Ltd had put all the needed structures at a cost of ¢1000 and indicated a profit before operation to be - ¢1000. They reported that the cost of producing any of their product depends on the function 3Q + 0.004Q2. SBL Ltd further, indicated that additional product produced increases profit by a margin defined by 7 – 0.012Q. Determine; The total cost function of SBL Ltd The profit function of SBL Ltd The total revenue function of SBL Ltd (Hint: Profit = TR – TC) The output level that maximizes the firm’s revenue.

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The sum of the ages of a woman and her daughter now is 46 years. In the next 4 years’ the woman’s age will be three and half times the daughters age. (i) Write two linear equations for the ages of the woman and daughter. (ii) Formulate appropriate matrices from the equations in (i) above. (iii) Using the Cramer’s approach, determine their ages.

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Develop a linear programming model of the planning problem facing the company.

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What does the antitrust exemption give professional baseball team owners that owners of other professional teams don't have?

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A monopolistic producer of two goods,: and 6, has a joint total cost function =6+3 +6 ::66 where and denote the quantities of and respectively. If and denote the :6:6:6 corresponding prices then the demand equations are 0.5 =25−0.5 :: 0.8 =36−0.4 66 a) Find an expression for the firm’s profit. b) Determine the firm’s pricing policy that maximizes profit using the first and second other conditions. c) Calculate the value of the maximum profit at the profit maximizing level of outputs. d) Now, supposed the firm is contracted to produce a total of 20 goods of either type, find the level of : and 6 that maximises profit. e) Estimate the new optimal profit if the production quota increases to 24 units.

asked Apr 23, 2020 in Mathematics by Donald0708

A manager hires labour and rents capital equipment in a very competitive market. Currently the wage rate is GH¢2 per hour and capital is rented at GH¢5 per hour, the unit price of the product is GH¢0.25 and total cost is 1000. Suppose the firm’s production function is as follows: *., *., =14 +10 i. What is the amount of labour and capital the firm should employ in order to maximize output? [Hint: Maximise the product function subject to the cost constraint] ii. What is the maximum profit?

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On the horizontal axis of the graph, L represents the quantity of loanable funds in billions of dollars.

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Suppose you are the curator of a museum. The museum is running short of funds, so you decide to increase to revenue. Should you increase or decrease the price of admission? Explain how you would adjust the price of admission, and what factors you need to consider for the price adjustment.

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Consider the following events: scientists reveal that consumption of oranges decreases the risk of diabetes, and at the same time, farmers use a new fertilizer that makes orange trees more productive. Illustrate (using supply-and-demand diagrams) and explain what effect these changes have on the equilibrium price and quantity of oranges.

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