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- Which of the following is a good FICO score? 641-680 720-850 300-640 681-719A ship travels between ports, A and B, which is a total distance of D. The cost per-hour of operating the ship is c(v) = w +v", where w > 0 represents the hourly wages of the ship's employees, v is the ship's velocity, and n 2 2 is a parameter. The objective is to choose v so that the trip is made at minimum cost. (Hint: velocity is equal to distance divided by the time taken on the trip, or what is the same, time taken is equal to distance divided by velocity) 1. Assume that v = 2. Find the expression for the indirect cost function, and consider its first two derivatives with D and with w.Assume the industrial conditions of red pepper production in the market for homogeneous products there are many manufacturers where each manufacturer has a market share (market share) the same, relatively small and can not affect the price of the change strategies carried out by these manufacturers in the market. If it is known that the function the demand is Q = 2000-P, and the total cost of each manufacturer is the same that is, TCi = 100 + 5q2i. Where Q = [2]I qi, where i is the producer of i and i is 1, 2, 3,..., n. Questions: - What is the number of companies in the long term of the competitive marketi perfect for this homogeneous product, where every company has the same market share? - What is the selling price of thi product in market? - Calculate the Herfindahl-Hirschman Index (HHI) of the red pepper producer industry here!
- From the following problem, how to get the 7150?Windies Cricket manufactures Windies supporter jerseys. The quantity q, of thes jerseys demanded weekly is related to the wholesale price per jersey p, by the following equation: p=-0.006q+15 The weekly total cost incurred by Windies Cricket for producing q jerseys is: C(q) = 38q-0.02q² + 30,000 a. Determine an expression to represent the weekly Revenue function.ABC, Inc. produces a special stem cell safety container in a monopolistically competitive market. The market is restricted to stem cell researchers and a few large medical agencies (e.g., Department of Health). The company has profitably exploited its market niche. However, the XYZ Company could enter into the market. The following market demand and cost information has been developed: P = $3000-$0.25Q, MR = ƏTR/ƏQ = $350 - $4.4Q, %3D TC = $1950 + $7.5Q2 + $6.5Q MC = ƏTC/aQ = $14 + $4Q, where P is price, Q is units measured by the number of containers, MR is marginal revenue, TC is total costs including a normal rate of return, MC is marginal cost, and all figures are in dollars. Assume that demand and cost data are descriptive of ABC's historical experience. If ABC wants to maximize their profit before XYZ enters the market, what would the following amounts be for: a. Price: P = $Answer b. Output (or Quantity): Q = Answer units c. Total Cost: TC = $Answer d. Economic Profits Earned: N…
- The price/demand function of a company is p=36-0.001D and the cost function is 20D+1000. Determine the following: 1. The optimal demand = Blank 1 units 2. The optimal value = $ Blank 2 3. The demand that will give the highest revenue = Blank 3 units 4. The highest revenue value = $ Blank 4 5. Breakeven Points = Blank 5 and Blank 6 units 6. Range of Profitability = From Blank 7 to Blank 8 unitsThe price/demand function of a company is p=36-0.001D and the cost function is 20D+1000. Determine the following: 1. The optimal demand = Blank 1 units 2. The optimal value = $ Blank 2 3. The demand that will give the highest revenue = Blank 3 units 4. The highest revenue value = $ Blank 4 5. Breakeven Points = Blank 5 and Blank 6 units 6. Range of Profitability = From Blank 7 to Blank 8 units Note: Round your final answer in whole number. Do not write the Unit of Measure (UOM). Do not put a comma. Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your answer Blank 4 Add your answer Blank 5 Add your answer Blank 6 Add your answer Blank 7 Add your answer Blank 8 Add your answerA U.S. export-import shipping company operates a general cargo carrier service between New York and several western European ports. It hauls two major categories of freight: manufactured items (Q1Q1) and semimanufactured raw materials (Q2Q2). The demand functions for these two classes of goods are: P1= 200-Q1 P2=80-Q2 Where Qi= tons of frieght moved. The total cost function for the United States is TC= 20+4(Q1+Q2) What is the firm's total profit function? The profit-maximizing levels of price and output for manufactured items are $ per ton and tons, respectively. The profit-maximizing levels of price and output for semimanufactured raw materials are $ per ton and tons, respectively. At these levels of output the marginal revenue in the manufactured items market is $ and the marginal revenue in the semimanufactured raw material market is $ . At these prices, the price…
- 1) a) Solve the following inequalities:(i) 5(11 − ?) < ? + 49 (ii) 7? − 3 <10m + 23< 8 − 5m (iii) ?2 ≥ 15 − 2? b) The cost structure for iPhones are as follows, fixed cost of $25 and variable cost perunit of $2. The associated demand function isp = 20 − q .(i) Obtain an expression for the profit, π(q). (ii) Find the range of output which gives a profit of at least $31. c) Use Microsoft Word or Excel to solve the system of linear inequalities:r + 5t ≤ 57t – 2r ≤ 4 r ≥ 0(NB: clearly identify the solution set by placing a BIG enough ‘S’ to coverthat entire region).A monopolist faces a demand curve described by p(g) = 100-2g and has constant marginal costs of 16 and zero fixed costs. If this monopolist is able to practice perfect price discrimination, its total profits will be: (a) 1,092 O (b) 2,646 O (c) 882 O (d) 1,764Marryweather Ltd. is a company that sells machines in the US and the EU. The inverse demand functions for the two markets are given as Pus = 10 – Yus and pgu = 6 - Yev. respectively. The machines for both markets are manufactured in Poland with a fixed % marginal cost of $2 and sold to clients only through its online retail stores (assume the online stores are affiliates of the company and that the profits are directly recorded by Marryweather, Ltd.). Due to its unique patented technology, the company is a monopoly in both markets. 1. Assume, instead of the exclusive territorial agreements, Marryweather, Ltd. has one global retail agreement with its online vendor that sells to both markets. Drawing a diagram (with the proper labels) show the combined market demand and marginal revenue. What is the price? What is the total profit? How many machines does the company sell in each market? 2. If Marryweather, Ltd. could perfectly price discriminate in the combined market from part (b), what…
