If the product is launched he will have to incur a fixed cost of · would give him a profit of 48,000. However, each bottle sold 1-25. Should he introduce the new brand?
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- Franquicias Nororientales, S.A., has some clients that use its process to produceexotic Norwegian dining for clients from all over the world. The cost of operating thefranchised process has a fixed cost of $1,000 per week plus $5 for each unitproduced. Recently, some restaurant owners using the process have beencomplained that the cost model is no longer valid and that the weekly costs are, inactually higher. Your job is to find out if there is strong evidence to supportthe affirmation of the restaurant owners. Obtains a random sample of n = 25restaurants and find out their costs. You also know that the number of units producedin each restaurant it follows a normal distribution with mean μ = 400 and variance σ2 = 625.The average of the weekly costs obtained with the random sample (n = 25) is $3,050.Develop and apply an analysis to find out if there is strong evidence thatconclude that the costs are higher than what the cost model predicts. (Newbolt Exercise 10.58)Find the demand function p, given the marginal revenue function dr/dq below. dr/dq = 277 - 3q - 0.3q^2 p = ?The success of a project depends on the effort level of a worker. In case of successthe revenues will be 400,000 TL whereas in case of no-success the revenues will be 0. The workercan provide a low effort level or a high effort level. The effort level cannot be observed by theprincipal. The worker requires an expected salary of 60,000 TL to provide the low effort leveland an expected salary of 80,000 TL to provide the high effort level. The success probabilitiesfor the project are 40% in case of low effort level and 80% in case of high effort level. Whatshould be the minimum bonus (that is awarded in addition to the base salary in case of success)and the base salary for the worker so that the worker has the incentives to provide the higheffort level?
- Suppose a company has fixed costs of $41,600 and variable cost per unit of 2/5x + 444 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1776 − 3/5x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x = 1300, 32---correct (b) Find the maximum revenue. (Round your answer to the nearest cent.)$ 1314240----- correct(c) Form the profit function P(x) from the cost and revenue functions. P(x) = ????? Find maximum profit.$ 401956--- correct(d) What price will maximize the profit? (Round your answer to the nearest cent.)$ ??? only need help on c and dA manufacturing firm, Caleb Corp, produces and sells product in its home (US) market, and in a foreign market. There is inherent risk in the revenues collected from the foreign market due to volatility in the exchange rate. Under a benchmark strategy, all of the production takes place in the home country. The resulting expected profits for Caleb Corp are variable, due to variation in the exchange rate. As an approximation, the firm has estimated profits for five possible ranges of the exchange rate, with profit represented as a lottery, L= (.2, 150; .2, 200; .3, 220; .2,250; .1, 270) The probabilities are estimated probabilities for the different ranges. The outcomes in this lottery are the estimated final profit levels (not changes in profit). (a) Calculate the expected profit if the firm follows this benchmark strategy, i.e., E(L)A manufacturing firm, Caleb Corp, produces and sells product in its home (US) market, and in a foreign market. There is inherent risk in the revenues collected from the foreign market due to volatility in the exchange rate. Under a benchmark strategy, all of the production takes place in the home country. The resulting expected profits for Caleb Corp are variable, due to variation in the exchange rate. As an approximation, the firm has estimated profits for five possible ranges of the exchange rate, with profit represented as a lottery, L= (.2, 150; .2, 200; .3, 220; .2,250; .1, 270) The probabilities are estimated probabilities for the different ranges. The outcomes in this lottery are the estimated final profit levels (not changes in profit). Now suppose the firm can also buy forward contracts on foreign currency to neutralize the effect of the exchange rate on profits. Assume that these provide complete hedging, but that it involves an additional cost, so that following the…
- Nelison Cookie Company sells its assorted butter cookies in containers that have a net content of 1 lb. The estimated demand for the cookies is 1,000,000 1-lb containers per year. The setup cost for each production run is $500, and the manufacturing cost is $0.50 for each container of cookies. The cost of storing each container of cookies over the year is $0.40. Assuming uniformity of demand throughout the year and instantaneous production, how many containers of cookies should Neilson produce per production run in order to minimize the production cost? C(x)=500,000,000/x + 0.2x + 500,000. Then minimize the function C on the interval (0,1,000,000).Suppose that Evelyn’s utility function is given as: U(x,y) = xyEvelyn has an income of Php 100. For simplicity purposes, the prices of both goods are equal to one. Suppose that because of President Beybiem’s failed policy to control prices, the price of good x increases to Php 2.00. To do damage control of the failed policy, the Department of Social Welfare and Social work was tasked to calculate how much should the people, including Evelyn, be compensated. (Hint: Use Evelyn’s expenditure function E(p,U).A manufacturing company had won a contract to supply 109200 units of a product to a customer.The production planing and control department of the company has estimated the production in the first week to be 8,000 units,but that by recruiting and training some extra staff,output will rise by 200 units each week . a. When would the company be able to complete the contract. B.If the recruitment of staff does not go as well as expected so that after six weeks ,weekly production remains constant at the level achieved in the sixth week.how long would it take to complete the contract