Economics: Private and Public Choice
16th Edition
ISBN: 9781337642224
Author: James D. Gwartney; Richard L. Stroup; Russell S. Sobel
Publisher: Cengage Learning US
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Chapter 23, Problem 17CQ
(a)
To determine
Profit of R.
(b)
To determine
The marginal revenue and marginal cost of the firm.
(c)
To determine
The profit maximizing price of the seller.
(d)
To determine
The profit maximizing output of the seller.
(e)
To determine
The profit and the output of the seller.
(f)
To determine
The profit maximizing level with the marginal revenue and the marginal cost.
(g)
To determine
The impact of the seller.
(h)
To determine
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answer both question in the picture below swteo by step and give right answer please and explain
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A linear programming computer package is needed.
As part of the settlement for a class action lawsuit, Hoxworth Corporation must provide sufficient cash to make the following annual payments (in thousands of dollars).
6
Year
1
23.
4
Payment 160
185 210 255 285
430
The annual payments must be made at the beginning of each year. The judge will approve an amount that, along with earnings on its investment, will cover the annual payments. Investment of the funds will be limited to savings (at 4% annually) and government
securities, at prices and rates currently quoted in The Wall Street Journal.
Hoxworth wants to develop a plan for making the annual payments by investing in the following securities (par value = $1,000). Funds not invested in these securities will be placed in savings.
Security Current Price
1
$1,055
Rate (%)
Years to Maturity
6.750
3
2
$1,000
5.125
Assume that interest is paid annually. The plan will be submitted to the judge and, if approved, Hoxworth will be required to…
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Economics: Private and Public Choice
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