Answer:
Explanation:
Given the following data about Dayna's Doorstep Inc(DD) :
Cost given by; C = 100 - 5Q + Q^2
Demand ; P = 55 - 2Q
A.) Set price to maximize output;
Marginal revenue (MR) = marginal cost (MC)
MR = taking first derivative of total revenue with respect to Q; (55 - 2Q^2)
MC = taking first derivative of total cost with respect to Q; (-5Q + Q^2)
MR = 55 - 4Q ; MC = 2Q - 5
55 - 4Q = 2Q - 5
60 = 6Q ; Q = 10
From
P = 55 - 2Q ;
P = 55 - 2(10) = $35
Output
35(10) - [100-5(10)+10^2]
350 - 150 = $200
Consumer surplus:
0.5Q(55-35)
0.5(10)(20) = $100
B.) Here,
Marginal cost = Price
2Q - 5 = 55 - 2Q
4Q = 60 ; Q = 15
P= 55 - 2(15) = $25
Totally revenue - total cost:
(25)(15) - [100-(5)(15)+15^2] = $125
Consumer surplus(CS) :
0.5Q(55-25) = 0.5(15)(30) = $225
C.) Dead Weight loss between Q=10 and Q=15, which is the area below the demand curve and above the marginal cost curve
=0.5×(35-15) ×(15-10)
=0.5×20×5 = $50
D.) If P=$27
27 = 55 - 2Q
2Q = 55 - 27
Q = 14
CS = 0.5×14×(55 - 27) = $196
DWL = 0.5(1)(4) = $2
the eastern side had more gold and spices than the western side
Answer:
a. The market price of editorial services increases. This will cause a(n)
C. decrease in supply.
Explanation:
The event that triggers the market price of editorial services to increase will also increase the quantity of editorial services offered, and increase the cost of economics textbooks. As a result, it decreases the quantity supplied. The producers or publishers of economics textbook may not be able to pass the increased cost to consumers. They may not even have the resources to publish more books with an increased cost of editorial services. It is only the editors who offer editorial services that will benefit from the market price increase, but only in the short-run.
Answer:
Management
Explanation:
Management can be regarded as process that encompass planning, decision making as well as organizing and leading in order to Control human resources, information resources as well as financial resources of organization in order to achieve the goals set by the organization. it should be noted that management consists of the interlocking functions of ceating corporate policy and organizing,planning,controlling and directing an oragunzation’s resources in order to achieve the objectives of that policy, which is Peter Drucker point of view about management.
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