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REY [17]
3 years ago
15

Suppose that the expected value of weekly profits for an ice cream​ shop, before paying the​ manager, Amy, is ​E(pi​)equals500pl

us12​e, where e is​ Amy's weekly overtime hours. Amy is​ risk-neutral but incurs a cost ​C(e)equalse squared for working overtime.​ Thus, total expected surplus is ​E(S)equals​E(pi​)minus​C(e). What level of effort maximizes total​ surplus? The value of overtime that maximizes total surplus is eequals nothing hours. ​(Enter your response rounded to one decimal​ place.)
Business
1 answer:
anygoal [31]3 years ago
5 0

Answer:

6 hours

Explanation:

E(s)= 500+12e-e²

dE/de= 12-2e

0 = 12-2e

e=6

A total of 6 hours will maximize surplus

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A company is to hire two new employees. They have prepared a final list of thirteen candidates, all of whom are equally qualifie
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5 0
3 years ago
Five individuals organized Miami Music Corporation on January 1. At the end of January 31, the following monthly financial data
s344n2d4d5 [400]

Answer:

a. Profit(loss) = Total revenue - Total expenses

= 131,000 - 90,500

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b. A company uses its assets to pay off its liabilities so if the liabilities are less than the assets then the company is capable of paying off its liabilities:

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= 30,800 + 25,300 + 40,700

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7 0
3 years ago
If a business had a capacity of $10,000,000 of sales, actual sales of $6,000,000, break-even sales of $4,500,000, fixed costs of
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Answer:

2000000

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because that is what is left

5 0
3 years ago
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