4) If the range of profitable demand for a company producing digital pumps was D'1 = 8.5 units and D'2 = 19.8 units that means: a) If the company produced between 9 pumps and 19 pumps, it will make profit. b) If the company produced between 9 pumps and 50 pumps, it will make profit. c) If the company produced between 8 pumps and 19 pumps, it will make profit. d) If the company produced between 8 pumps and 20 pumps, it will make profit.
Q: Directions: Use the given scenarios and the information you have learned about Fiscal and Monetary p...
A: Given information Increase in price by 4% GDP increase by 5% Unemployment rate =1.3%
Q: )Which of the following changes will shift the consumption function upward? Part 2 A. an increase i...
A: The equation of consumption function is given as C= C+cY Where C is autonomous consumption i.e. does...
Q: Is this possible that the Monopolists necessarily make the profit?
A: A monopoly market is the place where a seller experiences dominant power due to no close substitutes...
Q: Question Mike Nelson, a CEO of Global Foods, Inc. asks his board of directors to approve a decision ...
A:
Q: Sunglasses manufacturer Oakley, Inc. produces high-end and low-end versions of their performance sun...
A: The market refers to the place where the buyers or sellers come together to do the transaction in th...
Q: B). The firm produce two products A and B. Demand are independent and marginal costs are zero. The p...
A: An effective marketing technique known as bundling makes it easier for customers to buy many items a...
Q: Assess the effects of Price ceiling. please provide with graph n detail answer
A: Price ceiling means fixing maximum price which will be lower than the equilibrium price. Please find...
Q: Given cost and price (demand) functions C(q) = 100q + 41,000 and p(q) = - 2q + 890, what price maxim...
A: Marginal revenue is the additional revenue earned after an additional unit is sold.
Q: Determine the exact and ordinary simple interests on ₱2400 for the period from February 14 to Octobe...
A: Here the time period is given from February 14 to October 26, 2022 and it is not the leap year due t...
Q: James has two young children (Finn and lain) who are visiting the doctor for their annual well-child...
A: $0 As well child check ups are 100% covered by the health insurance, James does not have to pay thes...
Q: Suppose that the market for gasoline is a perfectly competitive market. All gas station owners face ...
A: A perfectly competitive firm is a price taker as there are large number of firms selling identical g...
Q: 4) If the range of profitable demand for a company producing digital pumps was D'1 = 8.5 units and D...
A: The range of profitable demand is a range where the production of goods will result in profit. Any q...
Q: If the long-run average total cost is increasing as the output increases we call this: a. economies...
A: The costs that are being accumulated when the production level is being changed over time with respe...
Q: How does international trade affect the economic well-being of the Philippines? Explain who gains an...
A: International trade is the exchange of goods and services that goes in between the countries, and h...
Q: Economic costs are the sum of costs and costs O sunk; implicit O explicit; implicit O explicit; sunk...
A: Implicit Cost is the imputed cost, which is also referred to as opportunity cost that is given up by...
Q: Assess the effects of Price ceiling (Hint: Government policies and intervention) please p...
A: As we know that price is set by the price mechanism through the process of demand and supply interac...
Q: The demand curve for prepaid internet services is given by Pd = 80 – 0.2Q and the supply curve is gi...
A: Market equilibrium is the process of determining the price through the demand and supply interaction...
Q: * 20. In a closed economy without investment and government spending, C = 1000 + .5YD, and taxes T=5...
A: Given C = 1000 + 0.5Yd Taxes = 50 As economy has no investment and government spending the level of ...
Q: Assess the effects of Price floor.
A:
Q: Use the given scenarios and the information you have learned about Fiscal and Monetary policy to com...
A:
Q: Which of the following economists is credited with developing the notion of "economic time?" Marbury...
A: An economist's involvement in development involves assessing statistics such as GDP and consumer con...
Q: 4. Compare the accumulated values at the end of 5 years if P100,000 is invested at the rate of 12% p...
A: Interest rate is income earned on the amount invested for certain period compounded. In this case ea...
Q: Accordingtothetextbook,whichofthefollowingstatementsis(are)correct? (x) When a taxpayer attempts t...
A: Taxation refers to the compulsory charge which the citizens of the country have to pay to the govern...
Q: # 1 An electric cooperative is considering the use of a concrete electric pole in the expansion of i...
A: Engineering economics can be defined as the study of economic cost and benefit analysis of different...
Q: vantage of a fixed exchange rate system is that governments are required to constantly intervene in ...
A: A fixed exchange-rate is a system applied by an administration or national bank that ties the countr...
Q: Economics Question
A: Given reserve requirement = 10 % Amount withdrawn from bank = 50000 $ Reserve requirement as per wit...
Q: 1. If demand is equally elastic, and price increases from 5 to 7, what is the total change? If price...
A: The measure that depicts the change in quantity being demanded of a good with respect to change in p...
Q: What deposit made at the beginning of each month will accumulate to $120,000 at 5% compounded semi-a...
A: In the question above, it is given that : Amount = $120,000 Rate of Interest = 5% = 0.05 Time = 10 ...
Q: 3. Among the exogenous variable, which will make your IS curve shift to left? 1.2 0.8 0.6 0.4 0.2 40...
A: IS curve shows goods market equilibrium and LM curve shows money market equilibrium . IS LM curve s...
Q: The firm considers whether the transaction and its tax implications is aligned with the objectives o...
A: Strategy, Anticipation, Value-adding, Negotiating, and Transforming are all acronyms for SAVANT. Man...
Q: 13. Rashad and Brianna decide to go on a vacation. As a result, they withdraw $5,000 from their savi...
A: "M1 is a measure of money stock which includes currency, coins held by the non-bank public, traveler...
Q: True or false questions. Need both. GDP measures the gap between a country's exports and its imp...
A: "Gross domestic product (GDP) measures the monetary value of the final products or services produced...
Q: The table shows the cost information for a farm when the farm has three different amounts of capital...
A: Since you have asked multiple questions, we will solve the first question for you. If you want any s...
Q: Consider the two period consumption savings problem faced by an individual whose atility is defined ...
A: For the above question let us firstly derive the lifetime budget constraint : In period 1 : Budget C...
Q: 1. Would you consider spending to make a school or an office building earthquake-proof a good invest...
A: 1 In order to create the earthquake resistant in the building and the schools is to build an undergr...
Q: * 18.Suppose the consumption equation is represented by the following: C = 250 + .8YD. When fixed in...
A: Marginal propensity to consume is the ratio change in consumption spending due to change in disposab...
Q: Consider the two period consumption savings problem faced by an individual whose utility is defined ...
A: For the above question let us firstly derive the lifetime budget constraint : In period 1 : Budget C...
Q: 2. Most development economists now seem to agree that the level and rate of growth of GNI and per ca...
A: There are many factors that will describe whether an economy is developed or not. Some factors are p...
Q: Halliford Corporation expects to have earnings this coming year of $3.325 per share. Halliford plans...
A: Answer-
Q: Find the compound amount after 9 years and 3 months on a principal P = $3000, if the rate is 6%, com...
A: Given information: Principal amount (P): $3000 Interest rate (r): 6% Compunding period (m): 4 Time ...
Q: Because of the peso devaluation, a car costing P150,000 is to be purchased through a find company in...
A: We have, Car price = P150,000 Down payment = P40,000 Loan amount = P150,000 − P40,000 = P110,000 Mon...
Q: Explain in a critical way the effects of supply and demand on seasonal agricultural products (strawb...
A: According to the principles of a market economy, supply and demand together determine the prices and...
Q: Evaluate the following statement "a higher unemployment rate is always a bad indicator for the econo...
A: Employment means the working people get the job when they search for a job. It means the workers are...
Q: 2a. In a CBA formula, data for willingness to pay for environmental resources are collected by which...
A: Willingness to pay:- The highest price upto which a buyer would purchase single quantity of a commod...
Q: Review absolute and comparative advantages. Personal private property protection allows for greater...
A: Absolute and comparative advantage are two important concepts in the field of international trade.
Q: 4. 6) Assume the definition of deductible elasticity that gives non-negative figures for normal dem...
A: Monopoly market refers to those markets in which there is a single seller who charges the higher pri...
Q: Consider the Solow Model of a closed economy where the aggregated capital, K, the aggregated labour ...
A: Introduction Aggregate production function has given as Y = K2/3 L2/3 F(K, L) = K2/3 L2/3 F( K/L , 1...
Q: Summarize the impact of globalization for social change
A: Globalization's Impact and Social Consequences In the last fifteen years, the term "globalisation" h...
Q: A telephone switchboard 100 pair cable can be made up with either enameled wire or tinned wire. Ther...
A: Number of soldered connection= 400 The cost of soldering a connection on the enameled wire= P16.50 T...
Q: There is evidence that income per worker is converging in A) the richest countries and the poorest c...
A: The measure of the amount of income that is being earned per person in a geographic region or nation...
Step by step
Solved in 3 steps
- A large company in the communication and publishing industry has quantified the relationship between the price of one of its products and the demand for this product as Price=160−0.02×Demand for an annual printing of this particular product. The fixed costs per year (i.e., per printing)=$47,000 and the variable cost per unit=$40. What is the maximum profit that can be achieved? What is the unit price at this point of optimal demand? Demand is not expected to be more than 4,000 units per year. The maximum profit that can be achieved is $? (Round to the nearest dollar.) The unit price at the point of optimal demand is $? per unit. You are a developer that has just finished writing a new game and would like to publish it with this platform’s store. You do not expect to incur in any more costs developing the product. The app store typically keeps 20% of your revenue but, in order to give an incentive to sellers, the app store will only charge 15% of revenue to successful apps selling more than 60,000 units a year, and 10% to top-selling apps with more than 85,000 units sold. Assume that there are no extra (in-game) charges beyond the price to acquire the game. Using the data in the table below, at what price should you sell your game at? (Don't forget to take into account elasticity) Quantity Price Total Revenue To Store Revenue Elasticity 96261.14 $ 0.99 $ 95,298.53 10% $ 85,768.67 -0.11 85920.32 $ 1.99 $ 170,981.43 10% $ 153,883.29 -0.24 75579.50 $ 2.99 $ 225,982.70 15% $ 192,085.29 -0.41 65238.68 $ 3.99 $ 260,302.33 15% $…A local manufacturer is in the process of introducing a new product to all of its retailers. The manufacturer has conducted a survey of consumers, as well as performed trial runs with selected retailers, and discovered the following information about demand for the new product at various price levels: Demand for New Product Quantity Demanded(Number of Units) Price per Unit ($) 300 15 250 25 200 35 150 45 100 55 50 65 0 75 The manufacturer has the following information about how many units they are willing to supply to each retailer at various price levels: Supply for New Product Quantity Supplied(Number of Units) Price per Unit ($) 0 7.50 50 22.50 100 37.50 150 52.50 200 67.50 250 82.50 300 97.50 At what quantity and price will both manufacturer and consumer find equilibrium? And what factors could affect the demand and supply for the new product? When using mathematical concepts to model demand and supply, what parameters must be…
- You are hired as a consultant at a revenue management firm and one of ourrecent clients wished to determine the optimum price for their consumer electronics product.The cost of the product is $100 and before retaining us, they had been selling the product at$200 because it felt like a nice round number. The current sales volume is 1000 units peryear. We examined the market preferences and buying behavior, and concluded that thiscompany’s marketplace has a price elasticity of 1 (i.e. Assume that an x% change in pricewill result in an x% change in sales volume for any x). What is the optimal price thatmaximizes total profit for this company? What are the sales volume, total revenue and totalprofit at the optimal price?Rail Tours, Inc., sells packaged tours on rail lines, including gourmet meals and a reserved bed. The most popular tours are in the autumn, when foliage colors are at their peak. The overnight package for Saturday and Sunday morning are especially heavily booked. A market survey firm has just completed a study in which they conclude that if the package cost is $200 per couple, then Rail Tours can expect to sell 400 spaces on a typical Saturday. If the price is raised to $225, then unit sales will drop to 390. If the price is raised further to $250, unit sales drop to 380. a) From the data given, write down the demand equation and determine its intercepts. Are there any precautions needed when operating at the extreme ends of the demand curve?b) The survey firm also reports that if per capita income changes, Rail Tours can expect a large change in bookings. In particular, if per capita income falls by 1%, then bookings will tend to fall by about 2%. Are tour packages a normal good?…(show complete solution, formula and explanation) A company produces and sells a consumer product and thus far has been able to control the volume of the product by varying the selling price. The company is seeking to maximize its net profit. It has been concluded that the relationship between price and demand, per month, is approximately D = 500 – 5p, where p is the price per unit in dollars. The fixed cost is $1,000 per month, and the variable cost is $20 per unit. Obtain the answer mathematically to the following questions: a.What is the optimal number of units that should be produced and sold per month? b.What is the maximum profit per month? c.What are the breakeven sales quantities and the range of profitable demand volume?
- A store that sells maize meal discovers that when the price of 1kg maize meal Is R24 per kilogram, the quantity demanded is 306 kgs per week. When the price decreases to R21 per kg, then the sales increase to 340 kgs per week.Suppose you’re relatively new in business and want to launch your product in the market.You have a great deal of flexibility in how you set your prices, you may want to considerpricing for optimum market penetration. This means that you initially sell your product ata low introductory price P0 (say) to attract new customers, then raise prices once you’vesecured your share in the market. Determining the most appropriate pricing model for yourbusiness is tricky and takes considerable research.If it is known that change in price P depends upon the demand D and Supply S of yourproduct, where both D and S are linearly related to price P.(a) Write the differential equation the describes the change in price.(b) Describe the pattern of change of price for different phases.(c) For what values of parameter, you have equilibrium price (Hint: Recall equilibriumsolution of differential equations)has established that the relationship between the price for one of its products is approximately. In addition there is a fixed cost of $45,000 per year and the variable cost to manufacture the product is $45 per unit. What level of demand maximizes the total revenue? Ans. is Blank 1. What level of demand maximizes the total profit for this product? Ans. is Blank 2. Blank 1_____________ Blank 2_____________
- Sobeys sells fruit trays consisting of pineapple and melons. The manager of the fruit department obtains pineapples at a wholesale price of $2.50 per kg, grapes at $2.15 per kg, strawberries at $1.50 per kg and melons at $1.85 per kg. He is required to produce 10 kg of the mixed fruit. He is required to add 2 kg of strawberries and 3 kg of grapes. What is the maximum weight of pineapple that he can put in the mix in order to have an effective wholesale cost no greater than $2.00 per kg? The maximum weight of pineapple is _____ kg.The soft drink industry is dominated by TCCC and PSC. The market is worth $6 billion. Each firm can decide whether to advertise, but advertising costs $1 billion to any firm undertaking it. Moreover, advertising will create only negligible new demand as the market is already saturated. So, for the purpose of this question, assume that the market remains at $6 billion regardless of advertising. If one firm advertises and the other does not, then the former captures the whole market. If both firms advertise, then TCCC captures 60% of the market and PSC captures 40% of the market, but the advertising must be paid for. If neither firm advertises, then the market is again split 60:40, with 60% going to TCCC and 40% to PSC. 1. Draw the payoff matrix for this game where each player’s payoff is equal to the value of market it captures less the cost of advertisement. 2. Do any of the firms have dominant strategies? If so, what are they? Is there a dominant strategy equilibrium? If so,…A company determines that the demand function for a product can be modeled by p=220-0.02x where x is the number of units produced per week. The fixed cost is $12,000 and the variable cost is $80/unit. Find the number of units that yields the maximum profit.