1. An entrepreneur plans to convert a buildıng she owns into a video game arcade Her main decision is how many games to purchase for the arcade. From survey information, she projects total revenue per year as R =10,000Q- 20002, where Q is the number of games. (leasing, electricity, maintenance, and so on) is $4.000 per year. The entrepreneur will run the arcade, but instead of payıng herself a salary, she will collect profits. She has received offers of $100,000 to sell her building and a $20,000 offer to manage a rival's arcade She recognizes that a normal return on a risky investment such as the arcade is 20 percent a. As a profit maximizer, how many games should she order? b. What is her economic profit? The cost for each game

1. An entrepreneur plans to convert a buildıng she owns into a video game arcade Her main decision is how many games to purchase for the arcade. From survey information, she projects total revenue per year as R =10,000Q- 20002, where Q is the number of games. (leasing, electricity, maintenance, and so on) is $4.000 per year. The entrepreneur will run the arcade, but instead of payıng herself a salary, she will collect profits. She has received offers of $100,000 to sell her building and a $20,000 offer to manage a rival's arcade She recognizes that a normal return on a risky investment such as the arcade is 20 percent a. As a profit maximizer, how many games should she order? b. What is her economic profit? The cost for each game

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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