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- Suppose that you decide to play a game. You buy stockby throwing a dice a few times, using that method toselect which stock to buy. After ten months you calculate the return on your investment and the return earned bysomeone who followed “expert” advice during the sameperiod. If both returns are similar, would this constitute evidence in favor of or against the efficient markethypothesis?Suppose that the XYZ Corp. (which is a profit-maximizing enterprise) produces “gadgets” according to the following production function: Q = 300K + 100KL + 2000L - L^2 , where Q is the number of gadgets per year, K is the amount of capital (machines) that are used, and L is the number of workers employed per year. Gadgets sell for $100 each. a) If XYZ has 10 machines, and workers cost $100,000/year (including benefits and direct ancillary expenses), how many workers should XYZ hire? b) If the workers cost $120,000, how many workers should XYZ hire? c) If workers cost $100,000 but gadgets sell for $80 each, how many workers should XYZ hire? d) If XYZ instead has 20 machines, how many workers should it hire when workers cost $100,000 and gadgets sell for $100?What are the “Dorfman-Steiner” conditions? Could you derive the formula?(Hint: You may need to look online for this answer if it is not covered in class. Write down a revenue function and take derivative.).
- W7 Q5 A paper published in the Harvard Business Review points out a new way to calculate economic profit that could be more appropriate for service firms and other people-intensive companies. Instead of focusing on investment and return on investment, the focus is on employee productivity, in terms of both generating revenues and reducing costs. The approach is to first determine economic profit in the conventional way, except that we ignore taxes, so that economic profit is before tax, as follows: Economic profit = Operating profit − Capital charge Assume the following information for a hotel chain that wishes to adopt the new method. The firm has $100 million in operating profit, has $1 billion in investment, and uses a cost of capital rate of 5%, so the capital charge is $50 million and the economic profit is $50 million. Relevant calculations are contained in Part 1 of the following schedule: Part 1: Economic Profit (in thousands, except cost of capital rate) Revenue…Jaynet spends $30,000 per year on painting supplies and storage space. She recently received two job offers from a famous marketing firm—one offer was for $110,000 per year and the other was for $80,000. However, she turned both jobs down to continue a painting career. If Jaynet sells 25 paintings per year at a price of $8,000 each What are her accounting profits? What are her economic profits? Suppose the total benefit derived from a continuous decision, Q, is B(Q) = 20Q − 2Q2and the corresponding total cost is C(Q) = 4 + 2Q2, so that MB(Q) = 20 − 4Q and MC(Q) = 4Q. What is total benefit when Q = 2? Q = 10? What is marginal benefit when Q = 2? Q = 10? What level of Q maximizes total benefit? What is total cost when Q = 2? Q = 10? What is marginal cost when Q = 2? Q = 10? What level of Q minimizes total cost?"businessman. owns a florist shop. He buys each bunch of flowers for R O1.5 and special wrapping paper for R,03 per toll. Each roll of wrapping paper will wrap 350 bunches of flowers Rent of his premises is R.O 800 per month and he pays monthly insurance of R.0 250. -He sells each bunch of Rowers for R.O 2.50, Calculate his break Even Point and also how much Profit would he make if he has sold 2,50¢ bunch of flowers?
- Suppose you have two types of users for your software: basic users and professionals. The value each group places on your basic program and your advanced program is given in the table below. Value of Product basic users Professionals basic program $65 $60 advance program $75 $150 You don’t know who exactly your basic and professional users are. How might you price your advanced program so that only your professionals by that version and you maximize profits? Group of answer choices $144 $150 $65 $75a) Derive a bid-rent function for a "typical" firm. Draw a graph of the bid-rent function that is clearly labeled, including any intercepts or slopes.b) For a typical city, discuss what types of firms you are likely to see closest to downtown, and what types of firms you are likely to see further away. Do these firm locationsfit the model? Why or why not?c) Are these firms likely to change locations after covid? Why or why not?.For the following questions, which managerial economics theories/models would be relevant to use in order to answer them and why?1) Which factors should McDonald's be aware of in order to make sure that they meet curent and new customer's needs?2) How can McDonald's optimize their business model in order to increase their operating result and maintain their position in the market? 3) Which actions can McDonald's do in order to make sure their operating result increases?
- . Wood, the receiver of Stanton Oil Company, suedStanton’s shareholders to recover dividends paid to themfor three years, claiming that at the time these dividendswere declared, Stanton was in fact insolvent. Wood didnot allege that the present creditors were also creditorswhen the dividends were paid. Were the dividendswrongfully paid? ExplainPlease use the first derivative for part (b), not the second derivative. Please ensure to explain why Q = 6.5 is profit maximised.2. A man is considering investing P500, 000 to open a semi-automatic auto-washingbusiness in a city of 400, 000 population. The equipment can wash, on the average, 12 carsper hour, using two men to operate it and to do small amount of hand work. The man plansto hire two men, in addition to himself, and operate the station on an 8-hour basis, 6 daysper week, 50 weeks per year. He will pay his employees P25. 00 per hour. He expects tocharge P25. 00 for a car wash. Out-of-pocket miscellaneous cost would be P8, 500 permonth.He would pay his employees for 2 weeks for vacations each year. Because of the length ofhis lease, he must write off his investment within 5 years. His capital now is earning 15%,and he is employed at a steady job that pays P25, 000 per month. He desires a rate ofreturn of at least 20% on his investment. Would you recommend the investment?a) Use ROR method b) Use present worth method c) Use future worth method d) Solve for the payback period and the IRR