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4 years ago

Through it is seen as a last resort, bankruptcy allows a consumer to

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6 0

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A manufacturer estimates that its product can be produced at a total cost of C(x) = 50,000 + 100x + x3 dollars. If the manufactu

timofeeve [1]

Answer:

The level of production x that will maximize the profit is: 22,966

Explanation:

C(x) = 50,000 + 100x + x³

R(x) = 3400x

P(x) = R(x) - C(x)

= 3400x - [50,000 + 100x + x³]

= 3400x - 50,000 - 100x - x³

= 3300x - 50,000 - x³ .................... (A)

P'(x) = 3300(1) - 0 - 3x²

= 3300 - 3x²

At a critical point, P'(x) = 0

∴ 0 = 3300 - 3x²

3x² = 3300

x² = 1100

x = ± $\sqrt{1100}$

P"(x) = -6x

P( $\sqrt{1100}$ ) = -6 ( $\sqrt{1100}$ ) < 0

by second derivative, 'P' max at x = $\sqrt{1100}$ = 33.17 (rounds)

since x = $\sqrt{1100}$ ,

recall that P(x) = 3300x - 50,000 - x³ from equation (A)

Therefore, Maximum Profit

P( $\sqrt{1100}$ ) = 3300 $\sqrt{1100}$ - 50000 - $\sqrt{1100} ^{3}$

= 3300(33.17) - 50,000 - 33.17³

= 109461 -50,000 - 36495.26

= 22,965.74

Maximum profit is 22,966 to the nearest whole number

5 0

3 years ago

Suppose that for each one-percentage-point increase in the interest rate, the level of investment spending declines by $0.5 bill

yawa3891 [41]

Answer:

fall & $0.5 billion

Explanation:

Base on the scenario been described in the question, we can see that for each one percentage point increase in the interest rate, the level of spending investment is declining by $0.5 billion. For this reason it will make the investment spending to fall by $0.5 billion when the interest rate changes as we have seen in the first interest rate calculated.

8 0

4 years ago

4. Consider the game of chicken. Two players drive their cars down the center of the road directly at each other. Each player ch

IrinaVladis [17]

Complete question:

Consider the game of chicken. Two players drive their cars down the center of the road directly at each other. Each player chooses SWERVE or STAY. Staying wins you the admiration of your peers (a big payoff) only if the other player swerves. Swerving loses face if the other player stays. However, clearly, the worst output is for both players to stay! Specifically, consider the following payouts. Player two Stay swervePlayer one stay -6 -6 2 -2 swerve -2 2 1 1

a) Does either player have a dominant strategy?

b) Suppose that Player B has adopted the strategy of Staying 1/5 of the time and swerving 4/5 of the time. Show that Player A is indifferent between swerving and staying.

c) If both player A and Player B use this probability mix, what is the chance that they crash?

Explanation:

a. There is no dominant strategy for either player. Suppose two players agree to live. Then the best answer for the player is to swerve(-6 versus -2). Yet if the player turns two, the player will remain one (2 vs 1).

b. Player B must be shown to be indifferent among swerving and staying if it implements a policy (stay= 1⁄4, swerving= 5/4).

When we quantify a predicted award on the stay / swerving of Player A, we get

E(stay)= (1/5)(-6)+ (4/5)(2)= 2/5 E(swerve)= (1/5)(-2)

c. They both remain 1/5 of the time. The risk of a crash (rest, stay) is therefore (1/5)(1/5)= 1/25= 4%

4 0

3 years ago

Mr. Curtis paid the following taxes: Federal income tax $ 72,250 Federal gift tax 361 Federal employer payroll tax for housekeep

tia_tia [17]

Answer:

Mr Curtis can deduct his total property taxes of $ 7,810.00 as well as the Indiana state income tax of $8,120.00 ,since this exceeds the Indiana state sales tax on consumer goods and services of $2,890.00 paid by Mr Curtis during the year.

Finally,the remaining are not deductible

Explanation:

In other words the following taxes are not deductible:

1.Federal income tax $72,250.00

2.Federal gift tax $361

3.The Federal payroll tax for housekeeper $1,301

4.Indiana sales tax on consumer goods and services$2,890

Lastly the property taxes deductible is computed thus:

Principal residence $3,980.00

Vacation home $2,530.00

Two automobiles $1,300.00

Total $ 7,810.00

8 0

3 years ago

Times interest earned is calculated by:

pickupchik [31]

Answer:

C) Dividing income before interest expense and income taxes by interest expense.

Explanation:

Times interest earned is the interest coverage ratio. This explains how many times a company is able to cover its interest expense as relative to its income.

This is calculated by Dividing income before interest expense and income taxes by the interest incomes. This basically conveys signals about the performance of the company and its solvency by finding a performance measure of how many times a company can pay off its debt obligations.

A higher interest times earned metric means a healthier firm.

Hope that helps.

7 0

3 years ago