Question
In: Math
Suppose that one factory inputs its goods from two different plants, A and B, with different...
Suppose that one factory inputs its goods from two different plants, A and B, with different costs, 4 and 6 each respective. And suppose the price function in the market is decided as p(x,y)= 100−x−y where x and y are the demand functions and 0≤x,y. Then as
x=
y=
the factory can attains the maximum profit,
Solutions
milcah answered 1 year agoRelated Solutions
Suppose that one factory inputs its goods from two different plants, A and B, with different...
Suppose that one factory inputs its goods from two different
plants, A and B, with different costs, 4 and 6 each respective. And
suppose the price function in the market is decided as p(x,y)=
100−x−y where x and y are the demand functions and 0≤x,y0. Then
as
x=
y=
the factory can attains the maximum profit,
Activity-based costing problem Factory A produces golf carts. One of its plants in Texas produces two...
Activity-based costing problem
Factory A produces golf carts. One of its plants in Texas
produces two versions of carts: a basic model and a deluxe model.
The deluxe model has a sturdier frame, a higher horsepower engine,
bigger tires, and softer seats. At the beginning of the year, the
following data were prepared by the controller’s office for this
Texas plant:
Basic
Deluxe
Expected Quantity to
Produce
20,000
carts
10,000 carts
Selling
Price
$
1,800
$ 3,600...
Suppose there are two inputs in the production function, labor and capital, and these two inputs...
Suppose there are two inputs in the production function, labor
and capital, and these two inputs are perfect substitutes. The
existing technology permits 5 machines to do the work of 2 workers.
So the production function is f(E, K) = 2K + 5E. The firm wants to
produce q units of output, where q > 0 is some number. Suppose
the price of capital is $10 per machine per hour. What combination
of inputs will the firm use if the...
a. Suppose you manage a factory that has two plants. Your data shows that plant X...
a. Suppose you manage a factory that has two plants. Your data
shows that plant X produces more output per day compared to plant
Z. As a result of this data, you decide to place all new hires at
plant X. Have you made the right decision? If you made the right
decision explain why. If you did not make the right decision,
explain how you should make the decision.
b. Suppose the prices of some goods goes up. Does...
a. Suppose you manage a factory that has two plants. Your data shows that plant X...
a. Suppose you manage a factory that has two plants. Your data
shows that plant X produces more output per day compared to plant
Z. As a result of this data, you decide to place all new hires at
plant X. Have you made the right decision? If you made the right
decision explain why. If you did not make the right decision,
explain how you should make the decision.
b. Suppose the prices of some goods goes up. Does...
Suppose there are two consumers, A and B, and two goods, X and Y. The consumers...
Suppose there are two consumers, A and B, and two goods, X and
Y. The consumers have the following initial endowments and utility
functions:
W X A = 2 W Y A = 9 U A ( X , Y ) = X 1 3 Y 2 3 W X B = 6 W Y B
= 2 U B ( X , Y ) = 3 X + 4 Y
Suppose the price of X is PX=2 and the...
Suppose you have a world with two goods, A and B. Suppose the price of good...
Suppose you have a world with two goods, A and B. Suppose the
price of good B increases and good A is an inferior good. Explain,
using concepts of income effect and substitution effect, how do you
know that consumption of good A will increase. Suppose A was a
normal good. Would consumption of A increase or decrease.
Suppose an agricultural scientist plants two different types of corn seed to test the claim that...
Suppose an agricultural scientist plants two different types of
corn seed to test the claim that they produce the same average
yield. The seeds are planted on eight randomly selected plots of
land, each of which has one half of the plot planted with Type 1
seed and the other half planted with Type 2 seed. Calculate a 95%
confidence interval estimate for the mean difference between the
yield for Type 1 seed (Population 1) and Type 2 seed (Population...
Suppose that Tim gets utility from only two goods, rice (R) and beans (B) and his...
Suppose that Tim gets utility from only two goods, rice (R) and
beans (B) and his preferences are represented by the utility
function U(R,B) = R^2 * B^5. If Tim's income is 42 and price of
rice is 1, price of beans is 3. How many units of rice and beans
will he choose? Tim’s income elasticity of demand for beans?
Explain clearly plz.
Suppose there are two goods, Boats (B) and Flowers (F) and two factors of production labor...
Suppose there are two goods, Boats (B) and Flowers (F) and two
factors of production labor and capital which are perfectly mobile
between the two sectors. Suppose the production technology for
Flowers is labor intensive and Home is a capital abundant country.
When Home opens up to trade:
a. The relative price of Flowers will _________
(increase/decrease). Explain.
b. The relative return to capital will
__________(increase/decrease). Explain.
c. The ratio of capital to labor will
__________ (increase/decrease) in _________ (both
sectors/Boats...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- QUESTION 3 1. Describe the normal cellular functions of tumor suppressor genes and explain their roles...
- You are on a lifeboat with 10 other people aboard. The water surrounding the lifeboat is freezing...
- 2. Explain the different types of partners and the importance of partnership agreements.
- Suppose researchers undertake an audit study to measure discrimination. Explain the steps.
- how do fuel prices both high and low contribute to our globalized food economy
- Why does better employment insurance leads to more structural unemployment?
- Pretend that you own a small business in a highly competitve. You're facing a significant amount...
ADVERTISEMENT