Chegg Home Expert Q&A My solutions Student question Refer to the data. The Herfindahl index for this industry is Multiple Choice 2, 144. 1,948. 8,600. C Firm Market Share (%) A 28 B 22 с 22 D 14 E 14 Time Left: 00:09:40 Refer to the data. The Herfindahl index for this industry is Multiple Choice О 86. О 2,144. О 1,948 О 8,600.
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- Bavarian Crystal Works designs and produces lead crystal wine decanters for export to international markets. The production manager of Bavarian Crystal Works estimates total and marginal production costs to be aq0 to noiinseu14 Isind TC = 10,000 + 40Q + 0.0025Q² and ivibe to l9v9i ani oi -MC = 40 + 0.005Q1oriism s Arol else noitee eaidT aigie s niged sW noilesimixam benistie iton to laval orfs.ot doagee sideixav, where costs are measured in U.S. dollars and Q is the number of wine decanters pro- duced annually. Because Bavarian Crystal Works is only one of many crystal produc- ers in the world market, it can sell as many of the decanters as it wishes for $70 apiece. Total and marginal revenue are tanad tan ait oT vtivins to briTR = 700 owd io anoilanut ed teoo where revenues are measured in U.S. dollars and Q is annual decanter production. a. What is the optimal level of production of wine decanters? What is the marginal revenue from the last wine decanter sold? and MR = 70 %3D b. What…Mc Graw Hill apter 10 Problems 1 01:49:26 eBook Price ($) F OU 60 40 20 0 4 8 Output 12 MR 16 of $ Prev D₁ Saved 20 1 of 5 Instructions: Enter your answer rounded to 2 decimal places (i.e. dollars and cents). If there is an economic loss, be sure to include a negative sign (-) in front of your answer. This firm is incurring a (Click to select) ‒‒‒ Help Next > Save & Exit Submit Check my work 2TP/ Q PRICE TR MR AR TC MC PROFIT 0 50 0 0 0 120 30 -120 1 50 50 50 50 150 25 -100 2 50 100 50 50 175 18 -75 3 50 150 50 50 193 25 -43 4 50 200 50 50 218 30 -18 5 50 250 50 50 248 34 2 6 50 300 50 50 282 40 18 7 50 350 50 50 322 50 28 8 50 400 50 50 372 55 28 9 50 450 50 50 427 58 23 10 50 500 50 50 485 15 1. What is the output level that maximizes the profit? 2. At this level, how much are the firm's profit? 3. Identify the level at which the firm should shut down?
- sc. te Con oa S Payn Comp able for discrete con cto . C Enetor 76 Fiid A Given P (Round to the neare T Find AIP acceptable. O8929 0.7972 07118 0 6355 0.5674 0 5066 0.4523 0,4039 0 3606 10000 21200 O 8929 1.1200 0.5917 1 1.1200 1,0000 0.4717 16901 2 4018 1.2544 0 2963 0.4163 B3744 47798 1.4049 1.5735 1.7623 1.9738 3 30373 0.2092 0.3292 3.6048 4.1114 4.5638 0.2774 6.3528 8 1152 10.0390 12.2997 14 7757 0.1574 0.1232 0.0991 0.2432 6. 0.2191 7 2.2107 0.0813 0.2013 4.9676 5.3282 5.6502 8 2.4760 0.1877 0.1770 0.0677 6. 2.7731 0.3220 17.5487 0.0570 10 3.1058 Print DoneUse the diagrams to answer the following questions. Price and cost 20- 18 16- 14- 12 10 8 6 4 2+ o Market 1 488888 MC NO₂ MR 40 55 an in en nn minn Price and cost 20- 18- 16- 14 12- 10- 8- 6- 4- 2- 0 Market 2 0000000 MC NMR Annnnn in ED ORA on noinn If the firm wants to maximize profits, what price will it charge in Market 1, and what quantity will it sell? The firm will charge a price of $ using integers). Q and will sell a quantity of units. (Enter numeric responsesPlant sizes get larger as you move from ATC-1 to ATC-4. Output 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 ATC-1 $ 10 8 9 12 15 18 20 24 29 35 ATC-2 15 12 10 8 6 10 12 15 19 25 ATC-3 $ 20 17 15 13 11 9 7 11 13 15 ATC-4 $ 30 25 20 18 16 14 12 10 8 9 In the long run, the firm should use plant size ATC-3 for what level of output?
- TeEpress Smartwork O Homework Smatwors Calege of hiness Onine b My Questions bartely ncia wwnorton.com/132454 Paused !!! Apps P Pandora ntenet Ra O Thesis Creator g Bockshelf Online L M McGra H- Login 9OF 12 QUESTIONS COMPLETED * SUBMIT ANSWER 751 AM P Type here to searchTech is playing State in the last conference game of theseason. Tech is trailing State 21 to 14 with 7 seconds left inthe game, when they score a touchdown. Still trailing 21 to20, Tech can either go for two points and win or go for onepoint to send the game into overtime. The conferencechampionship will be determined by the outcome of thisgame. If Tech wins they will go to the Sugar Bowl, with apayoff of $9.2 million; if they lose they will go to the GatorBowl, with a payoff of $1.5 million. If Tech goes for twopoints there is a .30% chance they will be successful andwin (and a .70% chance they will fail and lose). If they gofor one point there is a 0.98 probability of success and a tieand a 0.02 probability of failure. If they tie they will playovertime, in which Tech believes they have only a 20%chance of winning because of fatigue.a. Use decision-tree analysis to determine if Tech shouldgo for one point or two points.b. What would Tech’s probability of winning the game inovertime…Tropical Leisure Limited has been making high quality Caribbean leisure wears for over twenty-fiveyears, in old rented premises located in the heart of the Barbadian capital of Bridgetown. Thecompany has a flexible labour force of about twenty employees and three directors, only one ofwhom, namely Mr. Grant, the managing director, is fully active in the business.The company specializes in leisure and swim wear garments. Their current range consists of teeshirts, shorts, skirts and bath suits in rich vibrant Caribbean colours and styles for men, women andchildren. The company capacity is 400-500 garments per week, depending on style and continuityof the production run, but additional floor space and machines could be brought in quickly to raiseproduction levels to a maximum of 1000 garments weekly if required.Trade sources estimated that the Barbadian market was valued at US$ 1.5 billion in 2010 but sincethen inflation and recession has deflated the market, resulting in many smaller…
- Tropical Leisure Limited Tropical Leisure Limited has been making high quality Caribbean leisure wears for over twenty-fiveyears, in old rented premises located in the heart of the Barbadian capital of Bridgetown. Thecompany has a flexible labour force of about twenty employees and three directors, only one ofwhom, namely Mr. Grant, the managing director, is fully active in the business.The company specializes in leisure and swim wear garments. Their current range consists of teeshirts, shorts, skirts and bath suits in rich vibrant Caribbean colours and styles for men, women andchildren. The company capacity is 400-500 garments per week, depending on style and continuityof the production run, but additional floor space and machines could be brought in quickly to raiseproduction levels to a maximum of 1000 garments weekly if required.Trade sources estimated that the Barbadian market was valued at US$ 1.5 billion in 2010 but sincethen inflation and recession has deflated the market,…The information be If Samsung were to Firm NokiaWhat would you expect the relationship to be between selling a high-risk product and a low-risk product using personal selling Low risk and high-risk are equally as likely OLOW-risk is more likely to be sold using personal selling O High-risk is less likely to be sold using personal selling O High-risk is more likely to be sold using personal selling