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Zigmanuir [339]
4 years ago
8

Assume there are only two producers of tennis rackets: Wilson and Prince. The market demand for tennis rackets is depicted by th

e algebraic formula P - 100 - Q, where P stands for price and Q stands for quantity of rackets. If the market were monopolized, the resulting formula for the monopolist's marginal revenue would be MR- 100 - 2Q, where MR stands for marginal revenue. Assume that both producers face a constant marginal cost of $40 and that there are no fixed costs IfWilson and Prince form a cartel and each agrees to produce one half of the monopolist's profit-maximizing output, how many rackets would each manufacturer produce? 5.1. 15 Please enter a whole number, with no decimal point
Business
1 answer:
Bas_tet [7]4 years ago
6 0

Answer:

15 units

Explanation:

Given:

The demand formula, P = 100 – Q  - equation (I)

The marginal revenue formula, MR = 100 – 2Q  - equation (II)

Marginal cost, MC = 40  (constant)

There exists a cartel equilibrium; which means MR = MC

Substituting MC = 40 into equation (II), we have

100 – 2Q = 40

2Q = 100 - 40 = 60

Q = 60/2

= 30

Hence, each firm produces 30/2 = 15 units

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One billion hours of labor are available for making products in Mandovia, and 2 billion hours of labor are available for making
natima [27]

Answer:

<u>Mandovia</u>

Rotid

Mandovia total labor hours is 1 billion which is to be divided equally to make one product so 500 million hours per product. It takes 50 hours to make one rotid so with 500 million;

= 500,000,000/50

= 10,000,000 rotids

Taurons

= 500,000,000/100

= 5,000,000 taurons

<u>Ducennia</u>

Rotids

Ducennia total labor hours is 2 billion which is to be divided equally to make one product so 1 billion hours per product. It takes 150 hours to make one rotid so with 1 billion hours will be;

= 1,000,000,000/150

= 6,666,666.7

= 6.7 million rotids

Taurons

= 1,000,000,000/20

= 50,000,000 taurons

3 0
4 years ago
П
r-ruslan [8.4K]

Answer:

Popular Commands.

Explanation:

To creat a new tab on Microsoft Powerpoint, , Popular command is the set of command that will be make available for the user, this popular command are composed of those action needed when making a presentation such as bring forward,Animation Commands,. Bring to Front and others.

3 0
3 years ago
Kurt's Adventures, Inc. stock is quite cyclical. In a boom economy, the stock is expected to return 30% in comparison to 12% in
MAXImum [283]

Answer:

15.83%

Explanation:

Calculation to determine is the standard deviation of the returns on Kurt’s Adventures, Inc. stock

First step is to determine l E(r)

E(r) = (.30 *.30) + (.55 *.12) + (.15 *-.20)

E(r)= .09 + .066 -.03

E(r)= .126

Second step is to determine Var

Var = .30 *(.30 -.126)^2 + .55 *(.12 -.126)^2 + .15 *(-.20 -.126)

Var=0090828 +.0000198 + .0159414

Var= .025044

Now let determine the Std dev

Std dev = √.025044 = .15825

Std dev= 15.83 percent

Therefore the standard deviation of the returns on Kurt’s Adventures, Inc. stock.is 15.83 percent

6 0
3 years ago
The existence of conflict has a positive side which can stimulate the following EXCEPT FOR:_________.
DedPeter [7]

Answer:

B) complacency.

Explanation:

Conflict can be defined as a state of misunderstanding or disagreement between two or more parties, as a result of breakdown in decision making. It is usually caused by factors such as dissent of beliefs, opinions, needs, values, resources, attitudes, ideologies, goals etc. It is generally perceived that conflict usually has a negative consequence.

However, the existence of conflict has a positive side which can stimulate the following innovation, change, creativity but not complacency because it connotes a negative effect of unsatisfaction.

7 0
3 years ago
Oakwood Primary Care Clinic is considering a capitation arrangement with a managed care organization in which the clinic would p
lutik1710 [3]

Answer:

5000

Explanation:

Oakwood Primary Care Clinic is considering a capitation arrangement with a managed care organization in which the clinic would provide services to 1,500 members at $100 per member per month. Variable costs are projected at $200 per clinic visit, and fixed costs for the agreement are $800,000. Breakeven point in volume of clinic visits is 5000.

6 0
4 years ago
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