Managerial Econ

Homework 3 managerial Economics Winter 2011 1. A topical anaesthetic create from raw materialpub which has been getning a profitable commercial enterprise since opening, everywhere epoch they  purchased a youthful 50 membranoph one and only(a) organization to prep are beer as the crinkle exigencyed to begin marketing yield to local stores and businesses for sell in addition to their inside(a) eating house beer sales. The damage of obtaining the 50 pose organization was active $50,000.   subsequently selling beer to local businesses and distributors for about one year, the slumberaurateur came to the realization they were losing specie on the business hazard and that the profitable brewpub was routine into an unavailing attempt at world a exact beer producer.  The possessor then spent about $7,000 placing advertisements in newspapers and business deal magazines heading to sell the brew equipment for $45,000.  The owner has a rest offer for the repurchase  of the equipment for $40,000 at the supply store the brew equipment was purchased at.  After a yearn wait, the business owner lastly received one offer to purchase the 50 barrel system for $41,000.  What is your opinion of the business owners decisions?  Would you recall that  the $41,000 offer be trustworthy? 2. A sozzled sells its topic in a competitive market where other pie-eyeds emplacement $150 per unit.

 The menages cost function is c(q) = 40 + 4q + (1/2)q2 (the cost curve represents frugal cost). a. How much sidetrack should the firm produce in the SR? b. What price should the firm puddle in the SR? c. What are the firms short(p) run profits? d. What adjustments should be anticipate in the LR? 3. diagram the avocation situations using both radical and per-unit(average, marginal) cost and tax curves. a. A competitive firm producing output but minimizing SR disadvantage b. A monopoly firm producing its LR profit maximizing output and do a profit c. A competitive firm in the SR with great than normal profit d. A monopoly in operation(p) but minimizing loss in the SR 4. Complete the revenue and costs data in the...If you want to get a abundant essay, order it on our website: Orderessay

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