Question
In: Economics
Suppose there are three techniques for producing TV sets, as shown in the following table: Resource...
Suppose there are three techniques for producing TV sets, as
shown in the following table:
Resource
Price per Unit of Resource
Resources Required
Technique 1
Technique 2
Technique 3
Units
Units
Units
Land
P200
2
2
3
Labour
P400
3
2
1
Capital
P300
1
2
3
Entrepreneurial Ability
P500
1
1
1
a. With the resource prices given, which production technique
should the firm use? Why?
Solutions
Rahul Sunny answered 1 year agoRelated Solutions
1. Suppose there are three techniques for producing TV sets, as shown in the following table:...
1. Suppose there are three techniques for producing TV sets, as
shown in the following table: Resource Price per Unit of Resource
Resources Required Technique 1 Technique 2 Technique 3 Units Units
Units Land P200 2 2 3 Labour P400 3 2 1 Capital P300 1 2 3
Entrepreneurial Ability P500 1 1 1 a. With the resource prices
given, which production technique should the firm use? Why?
Suppose that the annual demand for TV sets in Zirconia is P = 2000 - 2Q....
Suppose that the annual demand for TV sets in Zirconia is P =
2000 - 2Q.
a. Suppose that TV's R Us Corporation has the sole rights to
import TV sets into the country of Zirconia. TRUC has no fixed
costs. It can import TV's for a price of $150 per set and its
additional costs of selling a TV amount to $50 per set.
If it wishes to maximize profits, how many TV sets should TRUC
sell per year,...
The Mahela Company specializes in producing sets of wooden patio furniture consisting of a table and...
The Mahela Company specializes in producing sets of wooden patio
furniture consisting of a table and four chairs. The company has
ample orders to keep production going at its full capacity of 2,200
sets per quarter. Quarterly cost data at full capacity follow:
Factory labour,
direct
$
119,000
Advertising
50,200
Factory
supervision
40,200
Property taxes, factory
building
3,700
Sales commissions
81,000
Insurance, factory
2,700
Depreciation, office
equipment
4,200
Lease cost, factory
equipment
12,200
Indirect materials,
factory
6,200
Depreciation, factory...
The Mahela Company specializes in producing sets of wooden patio furniture consisting of a table and...
The Mahela Company specializes in producing sets of wooden patio
furniture consisting of a table and four chairs. The company has
ample orders to keep production going at its full capacity of 2,600
sets per quarter. Quarterly cost data at full capacity follow:
Factory labour,
direct
$
121,000
Advertising
50,600
Factory
supervision
40,600
Property taxes, factory
building
4,100
Sales commissions
83,000
Insurance, factory
3,100
Depreciation, office
equipment
4,600
Lease cost, factory
equipment
12,600
Indirect materials,
factory
6,600
Depreciation, factory...
The Mahela Company specializes in producing sets of wooden patio furniture consisting of a table and...
The Mahela Company specializes in producing sets of wooden patio
furniture consisting of a table and four chairs. The company is
currently operating at 80% of its full capacity of 2,400 sets per
quarter. Quarterly cost data at this level of operations
follow:
Factory labour, direct
$
120,000
Advertising
50,400
Factory supervision
40,400
Property taxes, factory building
3,900
Sales commissions
82,000
Insurance, factory
2,900
Depreciation, office equipment
4,400
Lease cost, factory equipment
12,400
Indirect materials, factory
6,400
Depreciation, factory building...
Imagine that you are managing a factory that is building three products: TV sets, CD Players...
Imagine that you are managing a factory that is building
three products: TV sets, CD Players and Bluetooth
Speakers. Each product is assembled from parts in inventory, and
there are four types of parts: LED Screens, speaker cones, power
supplies and electronics units. The required parts (and quantities)
for each product is listed in the following table:
Part Name / Product Usage
TV
CD Player
Bluetooth Speaker
Units in Inventory
Cost Per Unit
LED Screen
1
0
0
250
$...
Three media options are available to Kernan Services Corporation: radio, TV, and magazine. The following table...
Three media options are available to Kernan Services
Corporation: radio, TV, and magazine. The following table provides
the important information.
Medium Cost/ad
Exposure Value/ad
Min Units
Max Units
Radio
$500
2000
0
15
TV
$2000
4000
10
no max
Magazines
$250
2700
6
23
The exposure value is the measure of the number of people
exposed to the advertisement and is derived from market research
studies. The company would like to achieve a total exposure value
of at least 90,000....
Suppose that people consume only three goods, as shown in this table: Tennis Balls Golf Balls...
Suppose that people consume only three goods, as shown in this
table:
Tennis
Balls
Golf
Balls
Bottles of
Gatorade
2017
Price
$2
$4
$2
Quantity
100
50
300
2018
Price
$4
$5
$3
Quantity
100
50
300
Complete the following table by computing the percentage change
in price for each of the three goods.
Tennis
Balls
Golf
Balls
Bottles of
Gatorade
Percentage Change
Using a method similar to that used to calculate the consumer
price index, the percentage change in...
Suppose that people consume only three goods, as shown in this table: Tennis Balls Golf Balls...
Suppose that people consume only three goods, as shown in this
table:
Tennis
Balls
Golf
Balls
Bottles of
Gatorade
2017
Price
$2
$4
$2
Quantity
100
50
300
2018
Price
$4
$5
$3
Quantity
100
50
300
Complete the following table by computing the percentage change
in price for each of the three goods.
Tennis
Balls
Golf
Balls
Bottles of
Gatorade
Percentage Change
%
%
%
Using a method similar to that used to calculate the consumer
price index, the...
Consider a world that only consists of the three stocks shown in the following table: LOADING.......
Consider a world that only consists of the three stocks shown in
the following table: LOADING.... a. Calculate the total value of
all shares outstanding currently. b. What fraction of the total
value outstanding does each stock make up? c. You hold the market
portfolio, that is, you have picked portfolio weights equal to the
answer to part b with each stock's weight is equal to its
contribution to the fraction of the total value of all stocks. What
is...
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