Business, 16.07.2021 17:30, brandonshaw16

A monopolistic company has to spend exactly $3000 as total cost for the production of a number of Basic Science and Mathematics textbooks for three schools. The Basic Science textbook sells at P1 = 455 – Q1 – Q2 and the Mathematics textbook at P2 = 910 – Q1 – 4Q2 where P1 and P2 denote the prices; Q1 and Q2 denote the number of Basic science and mathematics textbooks produced respectively. The joint cost of producing these textbooks is given as TC = 5Q1 + 10Q2 (i) Find the maximum profit the producer can make (ii) Estimate the new profit if the company decides to reduce the total cost by $50 (Assume that 2nd order conditions are satisfied)

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 17:50, belmontes

When borrowers want funding to pay for different projects, they go to the loanable funds market and acquire funds through either indirect finance or direct finance. below, you are given five different scenarios. is each an example of direct finance or indirect finance?

Answers: 2

continue

Business, 22.06.2019 15:50, fireemblam101ovu1gt

Evaluate a real situation between two economic actors; it could be any scenario: two competing businesses, two countries in negotiations, two kids trading baseball cards, you and another person involved in an exchange or anything else. use game theory to analyze the situation and the outcome (or potential outcome). be sure to explain the incentives, benefits and risks each face.

Answers: 1

continue

Business, 22.06.2019 19:40, cieloromero1

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40

Answers: 3

continue

Business, 22.06.2019 23:00, infoneetusinghoyg22o

To increase sales, robert sends out a newsletter to his customers each month, letting them know about new products and ways in which to use them. in order to protect his customers' privacy, he uses this field when addressing his e-mail. attach bcc forward to

Answers: 2

continue

Do you know the correct answer?

A monopolistic company has to spend exactly $3000 as total cost for the production of a number of Ba...