Homework Answers
Difference between market price and price at which producer is willing to sell is the Producer surplus Hence, for Homey Spaces producer surplus=75-45=$30 and for Southern Homes is=75-40=$35 Hence ,Total producer surplus=$30+$35=$65
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Homey Spaces sells household items. The company is willing to sell a particular floor lamp for...
23. LDT Products, Inc., designs and sells flannel jackets. The company is willing to sell a...
23. LDT Products, Inc., designs and sells flannel jackets. The company is willing to sell a men's flannel jacket for as little as $45. Its main competitor is MK Outriggers, which is willing to sell the same men's flannel jacket for as little as $40. The current market price of that type of jacket is $57. What is the total producer surplus for the two firms? a. $95 b. $29 c. $12 d. $17
Books R Us sells vintage collectible books. The company is willing to sell particular book for...
Books R Us sells vintage collectible books. The company is willing to sell particular book for as little as $45. Its main competitor is Hard 2 Find Books, which is willing to sell the book for as little as $30. The current market price of that particular book is $75. What is the total producer surplus for the two firms? Your Answer: Answer Karen can make 4 jackets or 10 ties in one day working at the clothing factory. Joe...
13) The cost the Almy type of market 7) The market is an example of A)...
13) The cost the Almy type of market 7) The market is an example of A) mattress: a monopoly B) com a perfectly competitive C) car insurance an oligopoly D) cell phone; a perfectly competitive 5) airplane manufacturing a monopolistically competitive 8) What is the difference between perfect competition and monopolistic competition? A) Perfect competition has a large number of small firms while monopolistic competition does not in monopolistic competition, firms produce identical goods, while in perfect competition, firms produce...
1. Sell or Process Further Bunyon Lumber Company incurs a cost of $386 per hundred board...
1. Sell or Process Further Bunyon Lumber Company incurs a cost of $386 per hundred board feet (hbf) in processing certain "rough-cut" lumber, which it sells for $540 per hbf. An alternative is to produce a "finished cut" at a total processing cost of $522 per hbf, which can be sold for $742 per hbf. Prepare a differential analysis dated August 9 on whether to sell rough-cut lumber (Alternative 1) or process further into finished-cut lumber (Alternative 2). For those...
I ONLY NEED HELP WITH "C". I PUT THE OTHER STUFF UP HERE IN CASE THE BACKGROUND INFO WAS NEEDED ...
I ONLY NEED HELP WITH "C". I PUT THE OTHER STUFF UP HERE IN CASE
THE BACKGROUND INFO WAS NEEDED
I know that the answer is here. What I need help with isn't so
much getting the answer as it is understanding how they got the
answer.
1. Where did they find the TC' from? Also, where did the
(qs^2)/8 come from? Where did that first TC equation come from in
general? I'm looking for its origins in the question,...
1.) What is the main difference between a competitive firm and a monopoly? a. A competitive...
1.) What is the main difference between a competitive firm and a monopoly? a. A competitive firm owns a key resource, but a monopoly firm does not. b. A competitive firm is a price taker, and a monopoly is a price maker. c. A competitive firm produces output at a lower cost than a monopoly firm. d. A competitive firm is subject to government regulations, but a monopoly firm is not. 2.) What is the main social problem caused by...
Paper Financial Statements as a Key Source of Information for Financial Decisions? Callaway Golf Company was...
Paper
Financial Statements as a Key Source of Information for Financial
Decisions?
Callaway Golf Company
was incorporated in 1982 with the purpose of designing,
manufacturing and selling high quality golf clubs. The Company
became a publicly traded corporation in 1992. Callaway Golf has
evolved over time from a manufacturer of golf clubs to one of the
leading manufacturers and distributors of golf equipment and
accessories.Callaway designs its products to be technologically
advanced and invests substantially in research and development each...
1. Consumer’s utility function is: U (X,Y) = 10X + Y. Consumer’s income M is 40...
1. Consumer’s utility function is: U (X,Y) = 10X + Y. Consumer’s income M is 40 euros, the price per unit of good X (i.e. Px ) is 5 euros and the price per unit of good Y (i.e. Py) is 1 euro. a) What is the marginal utility of good X (MUx) for the consumer? ( Answer: MUx = 10) b) What is the marginal utility of good Y (MUy) for the consumer? ( Answer: MUy = 1) c)...
Blues Traveler Company sells electric razors. The company’s home office is in Princeton, New Jers...
Blues Traveler Company sells electric razors. The company’s home office is in Princeton, New Jersey. The company was founded in 2005 when John Popper invested $300,000 for 30,000 shares and Chan Kinchla invested $200,000 for 20,000 shares of common stock. The only other financing activities relate to a $500,000 bank loan from 1st National Bank that accrues interest at six percent per year payable on January 1 each year that has an unpaid balance of $400,000. The loan is due...
Case 11-3: Carmichael Corporation Discussion Questions: What impact will Brisson’s decision to manufacture MS-7 have on...
Case 11-3: Carmichael Corporation
Discussion Questions:
What impact will Brisson’s decision to manufacture MS-7 have on
the cost structure of Stimgro for Carmichael?
Should Amanda Tellford do anything at this stage?
What alternatives are open to Amanda Tellford?
What are the advantages and disadvantages of each
alternative?
What is the cost structure for Stimgro and the margin?
Since Stimgro is very profitable, with a good margin, why does
it matter if the cost of MS-7 increases?
Main Question:
As Amanda...
23. LDT Products, Inc., designs and sells flannel jackets. The company is willing to sell a men's flannel jacket for as little as $45. Its main competitor is MK Outriggers, which is willing to sell the same men's flannel jacket for as little as $40. The current market price of that type of jacket is $57. What is the total producer surplus for the two firms? a. $95 b. $29 c. $12 d. $17
Books R Us sells vintage collectible books. The company is willing to sell particular book for as little as $45. Its main competitor is Hard 2 Find Books, which is willing to sell the book for as little as $30. The current market price of that particular book is $75. What is the total producer surplus for the two firms? Your Answer: Answer Karen can make 4 jackets or 10 ties in one day working at the clothing factory. Joe...
13) The cost the Almy type of market 7) The market is an example of A) mattress: a monopoly B) com a perfectly competitive C) car insurance an oligopoly D) cell phone; a perfectly competitive 5) airplane manufacturing a monopolistically competitive 8) What is the difference between perfect competition and monopolistic competition? A) Perfect competition has a large number of small firms while monopolistic competition does not in monopolistic competition, firms produce identical goods, while in perfect competition, firms produce...
I ONLY NEED HELP WITH "C". I PUT THE OTHER STUFF UP HERE IN CASE
THE BACKGROUND INFO WAS NEEDED
I know that the answer is here. What I need help with isn't so
much getting the answer as it is understanding how they got the
answer.
1. Where did they find the TC' from? Also, where did the
(qs^2)/8 come from? Where did that first TC equation come from in
general? I'm looking for its origins in the question,...
Paper
Financial Statements as a Key Source of Information for Financial
Decisions?
Callaway Golf Company
was incorporated in 1982 with the purpose of designing,
manufacturing and selling high quality golf clubs. The Company
became a publicly traded corporation in 1992. Callaway Golf has
evolved over time from a manufacturer of golf clubs to one of the
leading manufacturers and distributors of golf equipment and
accessories.Callaway designs its products to be technologically
advanced and invests substantially in research and development each...
Case 11-3: Carmichael Corporation
Discussion Questions:
What impact will Brisson’s decision to manufacture MS-7 have on
the cost structure of Stimgro for Carmichael?
Should Amanda Tellford do anything at this stage?
What alternatives are open to Amanda Tellford?
What are the advantages and disadvantages of each
alternative?
What is the cost structure for Stimgro and the margin?
Since Stimgro is very profitable, with a good margin, why does
it matter if the cost of MS-7 increases?
Main Question:
As Amanda...
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