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- Economic Application of Integrals. Given the following marginal-revenue functions: a) R'(Q)=28Q- e-0.3Q b) R'(Q)= 10(1+Q)-2 find in each case the total-revenue function R (Q). What initial condition can you introduce to definitize the constant of integration?Determine the discounted-payback period?Consider the cost minimization problemMin C(x1, x2) = w1x1 + w2x2S.t x1ρ + x2ρ = yρDerive the conditional factor demand functions?
- 1. b) Explain why factor prices are equalised, both in relative and absolute terms, according to Heckscher-Ohlin-Samuelson. What assumptions are especially needed to ensure this result?If American Art Supplies Company increases the production of crayons, it may need to reduce the production of color pencils. This is called a _____. profit debt surplus trade-offWhat is a forward rate agreement? Give a numerical example to demonstrate the timing and magnitude of the payoffs to an FRA.
- Management at the Kerby Corporation has determined the following aggregated demand schedule (in units): Month 1 2 3 4 Demand 500 800 1000 1400 Month 5 6 7 8 Demand 2000 3000 2700 1500 Month 9 10 11 12 Demand 1400 1500 2000 1200 An employee can produce an average of 10 units per month.Each worker on the payroll costs $2,000 in regular-time wages per month. Undertime is paid at the same rate as regular time. In accordance with the labor contract in force, Kerby Corporation does not work overtime or use subcontracting. Kerby can hire and train a new employee for $2,000 and lay off one for $500. Inventory costs $32 per unit on hand at the end of each month. At present, 140 employees are on the payroll and anticipation inventory is zero.a. Prepare a production plan that only uses a level workforce and anticipation inventory as its supply options. Minimize the inventory left over at the end of the year. Layoffs, undertime, vacations, subcontracting, backorders,…You are attending the annual stockholders’ meeting of PIC Company. A fellow shareholder points out that the manager of PIC earned $100,000 last year, while the manager of a rival firm, CUP Enterprises, earned only $50,000. A motion is made to lower the salary of PIC’s manager. Given only this information, what should you do?________ endowments are the result of investments of people, companies and government, and are more likely to lead to competitive advantage.Select one:a. Advanced factorb. Demand conditionc. Basic factord. Supply condition
- A manufacturer can produce at most 90 units of a certain product each year . The demand equation for the product is p= q2-100q+1800 and the manufacturer's average cost function c=2/3q2-55q+12000/q Determine the profit maximizing output q and the corresponding maximum Profit . The profit maximizing output q is 60Phoenix Electricity is the only company providing electricity in City H. What kind of market structure should be used to analyze Phoenix Electricity’s production decision?as per the diision of revenue act (dora) framework, critically distiguish between own-revenue and equitable share for a municpality