6. The following is the production possibility table for a AZ Cosmetics that produces cosmetics, given equal amount of resources: Lipstick Eyeliner 10,000 0 9,000 3,000 8,000 6,000 7,000 9,000 6,000 12,000 5,000 15,000 4,000 18,000 3,000 21,000 2,000 24,000 1,000 27,000 0 30,000
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a. Plot the production possibility curve for AX Cosmetics.
b. Calculate the productivity ratio for both products.
c. When additional resources are added, AZ Cosmetics is able to produce 20% more quantity for both products. If the productivity ratio remains the same, calculate the new production possibility table for the compan
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- Homework: Chapter 06 On the following graph, use the green point (triangle symbol) to plot the annual total revenue when the market price is $30, $45, $60, $75, $90, $105, and $120 per bippitybop. TOTAL REVENUE (Dollars) 2560 2400 2240 2080 1920 1760 1600 1440 1280 A 1120 0 15 30 45 60 75 90 105 120 135 150 165 180 PRICE (Dollars per bippitybop) Total Revenue According to the midpoint method, the price elasticity of demand between points A and B on the initial graph is approximately ▾ Suppose the price of bippitybops is currently $15 per bippitybop, shown as point B on the initial graph. Because the price elasticity of demand between points A and B is , a $15-per-bippitybop increase in price will lead to in total revenue per day. In general, in order for a price decrease to cause a decrease in total revenue, demand must be #3 C G Search or type URL $ 4 % 45 E R T & * ( 6 7 8 9 0 Y U 0 PADJ Enterprises produces hydrothermocorticoids. The table below shows the costs of producing various quantities of hydrothermocorticoids. Quantity Total Cost Average Cost 0 $0 -- 1 $10 $10.00 2 $12 $6.00 3 $15 $5.00 4 $19 $4.75 5 $24 $4.80 6 $30 $5.00 7 $45 $6.43 ADJ sells its hydrothermocorticoids for $5 each (that is the price regardless of the number of hydrothermocorticoids it sells). Use the Profit-Maximizing Rule to explain the quantity that ADJ should produce to maximize its profits. You may use a calculator. You should explain the details of any calculation you perform. You should identify, explain, and apply the concept you use to answer this question. To receive full credit, your explanation must show all steps in any calculations you perform. Your explanation must also incorporate the profit-maximizing rule – state what that rule is and explain how it applies to ADJ’s situation. Note that it is…The following graph shows the daily demand curve for bippitybops in Denver. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. PRICE (Dollars per bippitybop) 240 220 200 180 160 140 120 100 80 8 60 40 20 0 mớ H + 0 9 18 27 36 45 54 63 72 81 QUANTITY (Bippitybops per day) * Demand 90 B 99 108 Total Revenue (?)
- 3. Show in a diagram the initial market for 5 stages reverse osmosis filter systems. Then, show the effect of a decline on the price of replacement filters in this market. Be sure to present all labels related to initial and new market outcomes.2. Refer to the following graph to answer Question #1 40 35 30 25 20 16 15 12 10 5 I 10 20 MC ATC P₁ AVC P₂ P3 30 45 50 60 70 80 90 100 110 a) What is profit if the price is P1? b) What is profit if the price is P2? c) What is the profit maximizing level of output if the price falls to P3?Typed plzzzz And Asap
- 4. Elasticity and total revenue The following graph shows the daily demand curve for bippitybops in Denver. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. 120 110 100 Total Revenue 90 B0 70 50 40 30 20 10 Demand 10 20 30 40 50 70 90 100 110 120 QUANTITY (Bippitybops) PRICE (Dollars per bippitybop)ns g Table 3 Types Hardcover Price Paperback $9.99 Q $27.95 0.5 millions $1.50 AC Option 1: profit- $12.74 O Option 2: profit- $22.74 Option 3: profit $23.74 Option 3: profit- $21.72 O Option 2 profit-$12.735 O Option 1 profit -$13.225 1 millions $1.50 Given the information, the publisher has the following three pricing options: Option 1: Only sell the hardcover at $27.95 Option 2: Only sell the paperback at $9.99 Option 3: Sell hardcover at a price of $27.95 and paperback at a price of $9.99. Given the options, estimated quantities sold at each price and average cost, which price option would generate the most profit and how much is the profit? Search2. You have developed a self-study certification system for those who need credit hours for recertification by your state's social welfare office. The system operates at virtually no cost, i.e., there is no marginal cost. A marketing research team has assembled the following sale information: Online Self Study Certifications for Social Work License Certification Certification in Online Counseling as a Group Home Counselor TR Counseling TR Group Home Segment 1 Segment 2 Segment 3 Segment 4 Customers 1000 1000 1000 $190 $150 $95 1000 $35 $70 $90 $160 $195 Bundle $260 $240 $255 $230 TR Bundle
- 2. There are probably 20 or more brands of laundry detergent in the grocery store where your family shops, Make a list of different ways in which producers try to differentiate one detergent brand from Why can some brands have prices that are much higher than the price of others and still sell well?Would you rather have efficiency or variety? That is, one opportunity cost of the variety of products we have is that each product costs more per unit than if there were only one kind of product of a given type, like shoes. Perhaps a better question is, What is the right amount of variety? Can there be too many varieties of shoes, for example?How is intellectual property different from other property?