output is 300 units. Q = 300 will be optimal so long as MC is between the two values of MR located at the kink. Thus‚ MR = 700 – (2/3)(300) = 500 is the upper limit of MC and MC = 800 – (4/3)(300) = 400 is the lower limit of MC. 4. An oligopolist is currently charging a price of $100 and is selling 400 units of output per day. If the firm increases price above $100‚ then quantity demanded will decline
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Q = 800/4 Q = 200 For calculation of price‚ Demand curve of producer Pu = 900 -2Q Pu = 500 Demand curve of retailer P = 1000 – Q P = 1000 – 200 P = 800 MC of producer is 100 and price is 500‚ its Price is 400(500-100) above the cost‚ thus profit per unit 400 for producer Total profit = 400*200 =$ 80000 MC of retailer is 100+Pu = 100+500 = 600
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only factory in the Group to be exclusively geared towards manufacturing wall tiles. Situated in Hammanskraal‚ the factory produces monocotura (single fired) wall tiles in seven different formats: 200 x 200‚ 200 x 250‚ 200 x 300‚ 250 x 330‚ 250 x 400‚ 300 x 550 and 300 x 300mm. The 300 x 300mm size can also be used as floor tiles in the domestic market‚ with a PEI 3 rating on the glaze. The advantage of running so many different size formats is that Samca wall continuously ensures that the latest
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1 DEFINITION OF LINEAR PROGRAMMING (LP) Linear programming (LP) is a mathematical technique used in finding the best possible allocation of resources to achieve the best outcome‚ which is maximising profit or minimising cost. However‚ it is only applicable where there is a linear relationship between the variables. For example‚ the linear relationships between hours of labour and output in a textiles factory means an increase or decrease in labour force has a direct impact on production‚ which
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your model to show the funds remaining after the trip. Gas (g)- $400 Food (f)- $200 Lodging (l)- $400 Entertainment (e)- $100 Snow Chains (s)- $200 MISC.(M)- $200 (funds)-(g+f+l+e+s+M)=(2000)-(400+200+400+ 100+200+200)= 2000-1500=$500 3. Byron is planning to finance his college education by selling programs at the Kaplan University football games. There is a fixed cost of $400 for printing these programs‚ and the variable cost is $3. There is
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my opinions on the American dream and how I believe it is still probable. l. body A. First‚ Mary Sanchez and her thoughts on the wealthy. Mary Sanchez’s article begins by relating the thoughts she formed while perusing the “Forbes 400” list; a list of the 400 wealthiest Americans. The ultimate question these thoughts lead her to asked if America is a country of equal opportunity‚ or one of preserving the status of a few privilege individuals at expense of the masses. Mary comes out strongly
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Your Potential as a Scientist‚ Mathematician‚ or Engineer Address through specific and concrete examples what characteristics you have that best demonstrate your affinity and aptitude for being a good scientist. What have you done that illustrates scientific attitude‚ curiosity‚ inventiveness‚ initiative? How does your experience suggest future success as a scientist‚ mathematician or engineer?* 3000 Major Scientific Question What is a major scientific question in your field whose answer you believe
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Accountancy Department College of Business and Accountancy Notre Dame University Cotabato City‚ Philippines CPA – MOCK BOARD EXAMINATION AUDITING PROBLEMS MR. RONALD GERMO MAMARIL INSTRUCTION: Select the correct answer for each of the following questions. Mark only one answer for each item by shading the box corresponding to the letter of your choice on the sheet provided. STRICLY NO ERASURES ALLOWED. Use pencil no. 1 only. CASE 1: STOCK INVESTMENT
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The time period between 400 AD and 1400 AD was a dark age because of the decline in education and creativity‚ the black plaque and lawlessness. The decline in education and creativity in the time period between 400 AD and 1400 AD made the dark ages dark. Even though universities were built around 1088 AD only the rich were allowed to go to them. People in europe at the time were losing their educational skills and children from poor families could not afford to put them in school. According to
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1. DECISION TREE Allied Accepts John’s Offer of $750‚000 $750 000 John accepts Allied counteroffer Allied counteroffers with $400 000 Based on the decision tree above‚ I must fold back the decision tree in order to calculate the expected values and to find the optimal decision. Hence‚ the decision that I will fold back is at node No. 1 which is John accepts the offer of $750 000
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