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- (a) The new PlayBox gaming consoles retail for $900 each. However, a shortage of consoles caused by manufacturing delays and parts supply issues have lead to scalpers purchasing large numbers of consoles and reselling them for a profit. Due to a manufacturing fault, the scalper incurs a 50% loss on six consoles. i) If the scalper normally makes a 40% profit on the consoles, how many consoles must they sell to make up for their loss? ii) The scalper is impatient and decides to increase their price to make up for the loss faster. What price must they resell the consoles at to make back their loss upon the sale of their fourth console at the increased price?Out of 10000 people in a community, each is willing to pay Ksh 10 for each well dug. The cost of digging the wall is is given by C= Q2+20Q. Calculate the pareto efficiecy number of wells to be dug. If the government want to dug the well at a minimal cost, how many walls will it dig and how much will it spen if the projet is given to a private, profit making organization, how many well would the firm dig?Consider an airline’s decision about whether to cancel a particular flight that hasn’t sold out. The following table provides data on the total cost of operating a 100-seat plane for various numbers of passengers. Number of Passengers Total Cost (Dollars per flight) 0 35,000 10 55,000 20 65,000 30 67,000 40 68,000 50 68,500 60 69,000 70 70,000 80 70,500 90 70,800 100 70,900 Given the information presented in the previous table, the fixed cost to operate this flight is ___. . At each ticket price, a different number of consumers will be willing to purchase tickets for this flight. Assume that the price of a flight is fixed for the duration of ticket sales. Use the previous table as well as the following demand schedule to complete the questions that follow. Price Quantity Demanded (Dollars per ticket) (Tickets per flight) 800 0 600 20 450 80 150 100 Complete the following table by computing total…
- Kk.299.Average Total Cost (Dollars per bike) QQ = 100 QQ = 200 QQ = 300 QQ = 400 QQ = 500 QQ = 600 1 140 60 40 80 160 320 2 230 110 40 40 110 230 3 320 160 80 40 60 140Ben's swim coach estimates that his time, t, in the 100-yard butterfly at a big upcoming meet as a function of the number of yards he swims per week, y, is t = 50+8e-0.00005y Based on this production function, his coach also estimates that if Ben swims 20,000 yards per week, his time will be 52.94 seconds, and he will finish tenth place. If he swims 40,000 yards per week, his time will be 51.08 seconds, and he will come in third. If he swims 60,000 yards per week, his time will be 50.40 seconds, and he will win the meet. Use calculus to determine Ben's marginal productivity of time given the number of yards he practices. Is there diminishing marginal productivity of practice yards? Ben's marginal productivity of swim time given y practice yards (MP) is (Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. E.g., a superscript can be created with the ^ MPy character.)
- Question 2. Company XYZ produces and sells widgets. Production is done at two separate factories, one in Mississauga and one in Scarborough. An analysis reveals that in the Mississauga location, it costs 1 = 59³+10000 (dollars) 50% to produce q widgets in a month, while in the Scarborough location it costs Cs(q) =q² + 20000 (dollars) СM (9) to produce q widgets in a month. The company needs to fulfill orders for a total of 400 widgets in the month of March 2023. (a) How many widgets should each location be assigned to produce so that the total cost of production is minimized? (b) Due to differences in quality control and shipping costs, company XYZ decides to sell widgets produced at each factory at different price levels: widgets produced in Mississauga are to be sold for $2000 each, and widgets produced in Scarborough for $2800 each. Show that it is most profitable for the company to allocate all production to Scarborough.Need help with this one.The table shows the quantity of gold bars (in thousands) and the extraction cost per gold bar (in dollars) for the Acme Company. Use these data to answer the questions below. Quantity of Gold Bars (thousands) Extraction Cost ($ per bar) 0 30,000 1 35,000 2 40,000 3 45,000 4 50,000 5 55,000 Instructions: Enter your answers as a whole number. a. If the user cost is $10,000 and the current price of a gold bar is $55,000, how many bars (in thousands) should Acme Company extract and sell this year in order to maximize profits? bars b. Now suppose that the user cost decreases by $5,000 such that the new user cost is $5,000, but the price remains the same. How many bars (in thousands) should Acme Company extract and sell this year in order to maximize profits? bars Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
