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Problem 1 - Picture Pretty manufactures picture frames. Sales
Problem 1 - Picture Pretty manufactures picture frames. Sales for August are expected to be 15,000 units of various sizes. Historically, the average frame requires 4.5 feet of framing, 1.5 square feet… read more
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Given the following data on the number of pints of ice cream
Given the following data on the number of pints of ice cream sold at a local ice cream store for a 6-period time frame: Period Demand 1 200 2 245 3 190 4 270 5 280 6 300 Compute a 3-period moving aver… read more
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demand and cost function in equation below x is quantity produced
demand and cost function in equation below x is quantity produced and sold D:P(x)= 880 -2x C(x)= 200 + 6xsquared a) what is the marginals revenue function MR b) what is the cost function MC c) how muc… read more
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2. A firmproduces its output using only one input. Its production
2. A firmproduces its output using only one input. Its production function is f (x) = x2 where x is the amount of input. The input costs w per unit. (a) What is the total cost of producing 144 units o… read more
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The comptroller of a certain toy manufacturer has formulated
The comptroller of a certain toy manufacturer has formulated the following (monthly) revenue and cost funcations: R(x)= 25.8x and C(x)= 0.0015x^2+6.2x+3750. Based on his models and the assumption that… read more
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According to the chief engineer at the Zodiac Company, Q
1.According to the chief engineer at the Zodiac Company, Q = AL0.8K0.3, where Q is output rate, L is the rate of labor input, and K is the rate of capital input. The firm's owner claims the plan has i… read more
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9. (TCO 3) For January, the cost components of a picture frame
9. (TCO 3) For January, the cost components of a picture frame include \$0.35 for the glass, \$.65 for the wooden frame, and \$0.80 for assembly. The assembly desk and tools cost \$400. 1,000 frames are e… read more
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Chapter 3 The demand curve facing each wool producer
Chapter 3: The demand curve facing each wool producer is ________ starting at \$3.00 per pound. downward sloping. upward sloping. vertical. horizontal. If a firm in a perfectly competitive industry rai… read more
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The Lawn Ranger, a landscaping company, has total costs of
The Lawn Ranger, a landscaping company, has total costs of \$4,000 and total variable costs of \$1,000. The Lawn Ranger's total fixed costs are \$0. \$3,000. \$5,000. indeterminate because the firm's outpu… read more
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Could someone help me with this I am having a hard time understanding
Could someone help me with this I am having a hard time understanding how to get the answers. Application Practice Answer the following questions. Use Equation Editor to write mathematical expressions… read more
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Horngren text Ch. 3, exercise 3-41 Manchester Foundry
Horngren text: Ch. 3, exercise 3-41 Manchester Foundry produced 45,000 tons of steel in March at a cost of \$1,150,000. In April, the foundry produced 35,000 tons at a cost of \$950,000. 1) Using only t… read more
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Please please help me answer the following: 1. A manufacturer estimates that if x units of a particular commodity are produced, the total cost will be C(x)=x3-24x2+350x+400 pesos. a.What is the margin… read more
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The demand function for a monopolists product is p 400-2q
The demand function for a monopolist's product is p=400-2q and the average cost per unit for producing q units is AC = q+160+200/q ( where p and AC are in units). Find the max profit that the monopoli… read more
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Mr. Otto Carr, owner of Ottos Autos, sells cars. Otto buys
Mr. Otto Carr, owner of Otto's Autos, sells cars. Otto buys autos for \$c each and has no other costs. a) Write down the equation for Otto's total costs assuming he sells y cars. (6 points) b) What i… read more
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Describe the pattern of costs in the short-run cost function
Describe the pattern of costs in the short-run cost function in terms of total, average, and marginal costs. b. Describe the pattern of costs in the long-run cost function and explain the concepts of … read more
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Describe the pattern of costs in the short-run cost function
Describe the pattern of costs in the short-run cost function in terms of total, average, and marginal costs. b. Describe the pattern of costs in the long-run cost function and explain the concepts of … read more
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1. Suppose you are at the gas station filling your tank
1. Suppose you are at the gas station filling your tank with gas. The function C(g) represents the cost C of filling up the gas tank with g gallons. Given the equation: a) What does the number 3.03 re… read more
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#64dthe marginal-cost function for a manufacturer s ...
#64dthe marginal-cost function for a manufacturerâ€™s product is given by dc/dq = 10 â€“ (100 / q + 10) where c is the total cost in dollars when q units are produced. When 100 units are produced, the… read more
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