Table 24-1 Price Quantity Total Cost $10 10 $80 9 15 85 8 20 95 7 25 110 6 30 140 5 35 175 40 215 Refer to Table 24-1. A monopolistic competitive firm earns a total profit of a. $65 Ob. $20 ○ c. $50 Od. $40 when it produces the profit maximizing level of output.
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- If a monopolist produces q units, she can charge 100 4q dollars/unit. The fixed cost of production is $50, and thevariable per-unit cost is $2. How can the monopolistmaximize profits? If a sales tax of $2/unit must be paid bythe monopolist, then would she increase or decreaseproduction?3. The figure to the right shows the marginal private benefits to a US farmer for irritating her land (suppose there are no external benefits). It costs $100 per acre to irrigate the land. Each acre of land irrigation generates a gallon of salty runoff that winds up in the Colorado River. It costs $50 per gallon to Price ($) 275 250 225 200 175 desalinate the river water so Mexican farmers can irrigate their crops. a. Draw the marginal private cost of irrigation on the graph. b. Draw the marginal social cost of irrigation on the graph. c. How many acres will the US farmer irrigate based on private incentives? d. What is the socially efficient level of irrigation? e. What would be the total gain in surplus if this externality were fully internalized within the market? 150 125 100 75 50 25 MPB 10 20 30 40 50 60 70 80 90 100 110 Irrigation (acres)1. Let’s say that last November you have sold 10,000 pieces of chrysanthemum at 25 pesos each. For every piece sold, you will be given a commission of 10%. How much was your total commission? * a. 2.50 b. 225,000 c. 10,000 d. 250,000 e. 25,000 2. Camille forecasts to sell 575 units of the perfume she is selling by the first week of December. At the end of the 1st week of December, she was able to disposed 500 perfumes at Php150 each. Of these 500 units, she gave a total of 20 giveaways. The total cost for each perfume is Php120. Determine Camille’s sale volume variance to assess how the variance affect the total profit. * a. 11,250 b. 1,500 c. 9,000 d. 2,250
- UST 40,000 (Commerce 5,000; Medicine 15%; AB 20%; Law 5% and others)Average price per computer device Php25,000Average price per Apple device Php30,000Among them, 40% of students of commerce, 50% of AB, and 80% of Law owns at least one Appledevice.Compare the brand penetration of Apple in the above colleges.What is the penetration share of Apple in the above colleges?Given that students replace their Apple devices once every 3 years on average, what is the marketsize (units/revenues) for computer devices for these colleges until the end of 2025?What is the concentration of sales/revenue of Apple devices among the colleges (BDI)?Compare the CDI and BDI of the colleges.Insights?1 A manufacturer produces both widgets and gadgets. Widgets generate a profit of $35 each and gadgets have a profit margin of $55 each. To produce each item, a setup cost is incurred. This setup cost is $500 for widgets and $300 for gadgets. Widgets consume 2 units of raw material A and 3 units of raw material B. Gadgets consume 6 units of raw material A and 2 units of raw material B. Each day, the manufacturer has 400 units of each raw material available. Assume that it is possible to produce fractional quantities of widgets and gadgets. X 01:30:43 Set up the problem in Excel and find the optimal solution. a. The manufacturer widgets and gadgets. Skipped (Leave no cells blank – be certain to enter "0" wherever required. Round your answers to 2 decimal places.) b. The manufacturer will produce widgets and gadgets (Round your answer to 2 decimal places.) Mc Graw Hill ASUSTo find the net present values of future cash flows for six different discounted rate of interest, use: a. Data Table b. Goal Seek c. None of these d. Scenario manager
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- 4. A portfoho manager believes that tomorrow s foreign exchange of the Euro per US dollar will be nomally distributed with mean 2.03 and standard deviation 0.08. Using the manager's mumbers, answer the following questions: a What is the probability that tomorrow's rate will be above 2.08? b. What is the probability that tomorrow s rate will be below 1.87? What is the probability that tomorrow's rate will be between 2.00 and 2.20? a. C. 5. A student is guessing on a ten question multiple choice quiz, the probability of guessing correctly on the each question is .20. What is the probability that the student gets exactly 2 questions right? What is the probability that she would guess more than less than four questions right? 1S 6. An investment has probabilities 0.1, 0.2,0.35, 0.25 and 0.1 of giving returns equal to 40%, 30%, 15%, 5% and -15%. What is the expected retum and standard deviation of returns? 7. The holders of an insurance policy file clams at an average rate of 0.45 per year.…1. Explain the price in 4Ps. 2. Explain the marketing price of jewelry. 3. Explain the statistic based on picture.If an economy can produce a maximum of 10 units of good X and the opportunity cost of 1X is always 6Y, then what is the maximum units of good Y the economy can produce? 0 60 O 600 050 500