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As the oldest of the Seven Wonders of the Ancient World, the Great Pyramids of Giza...
As the oldest of the Seven Wonders of the Ancient World, the Great Pyramids of Giza...
As the oldest of the Seven Wonders of the Ancient World, the Great Pyramids of Giza in Egypt, is a huge tourist attraction. The Egyptian Government decides to grant one person, called Rajmund, exclusive access to the pyramids so he can conduct tours. Each tour costs him $108 to conduct (ie: his marginal cost is constant at $108/tour). Below is a table of potential prices he could charge and the corresponding quantities. Quantity tours 2 4 Price $/tour 200 180...
Great Pyramids. Inspired by his recent trip to the Great Pyramids, Citibank trader Ruminder Dhillon wonders...
Great Pyramids. Inspired by his recent trip to the Great Pyramids, Citibank trader Ruminder Dhillon wonders if he can make an intermarket arbitrage profit using Libyan dinars (LYD) and Saudi riyals (SAR). He has USD1,000,000 to work with so he gathers the following quotes. Is there an opportunity for an arbitrage profit? Citibank quotes U.S. dollar per Libyan dinar National Bank of Kuwait quotes Saudi riyal per Libyan dinar Barclay quotes U.S. dollar per Saudi riyal $1.9324 LYD1.00 SAR 1.9405...
QUESTION 9 Jimmy is the owner of the only gelato shop on North Stradbroke lsland. He...
QUESTION 9 Jimmy is the owner of the only gelato shop on North Stradbroke lsland. He sells the gelato in cones, with the marginal cost of each gelato cone being constant at $0.80 per cone. Below is a table of potential prices and corresponding quantities of gelato cones he could sell. Quantity (cones) 50 60 70 80 90 100 Price ($/cone) 6.80 6.20 5.60 5.00 4.40 3.80 What is Jimmy's profit-maximising quantity of cones? Answer to the nearest whole number...
QUESTION 9 Jimmy is the owner of the only gelato shop on North Stradbroke lsland. He...
QUESTION 9 Jimmy is the owner of the only gelato shop on North Stradbroke lsland. He sells the gelato in cones, with the marginal cost of each gelato cone being constant at $0.80 per cone. Below is a table of potential prices and corresponding quantities of gelato cones he could sell. Quantity (cones) 50 60 70 80 90 100 Price ($/cone) 6.80 6.20 5.60 5.00 4.40 3.80 What is Jimmy's profit-maximising quantity of cones? Answer to the nearest whole number...
The table below shows the monthly demand schedule for a good in a duopoly market. The...
The table below shows the monthly demand schedule for a good in a duopoly market. The two producers in this market each faces $5,000 of fixed costs per month. There are no marginal costs. Quantity Price ($) TR ($) MR ($) 0 40 0 — 200 35 7,000 35 400 30 12,000 25 600 25 15,000 15 800 20 16,000 5 1,000 15 15,000 −5 1,200 10 12,000 −15 1,400 5 7,000 −25 1,600 0 0 −35 Instructions: Enter your...
Question 4 [18 points] Two firms in a particular industry face a market demand curve given...
Question 4 [18 points] Two firms in a particular industry face a market demand curve given by the equation P= 120 -0.25Q. The marginal cost is $40 per unit and the marginal revenue is MR= 120 -0.5Q. a) Draw the demand curve to scale on a diagram, and then insert the corresponding marginal revenue curve and the MC curve. Note: When calculating your points, please round the numbers to the nearest whole number. Demand Demand Marginal Revenue Marginal Cost 1607...
Break-Even for a Service Firm Jonah Graham owns and operates The Green Thumb Company (GTC), which...
Break-Even for a Service Firm Jonah Graham owns and operates The Green Thumb Company (GTC), which provides live plants and flower arrangements to professional offices. Jonah has fixed costs of $3,240 per month for office/greenhouse rent, advertising, and a delivery van. Variable costs for the plants, fertilizer, pots, and other supplies average $24 per job. GTC charges $60 per month for the average job. Required: 1. How many jobs must GTC average each month to break even? jobs per month...
Break-Even for a Service Firm Jonah Graham owns and operates The Green Thumb Company (GTC), which...
Break-Even for a Service Firm Jonah Graham owns and operates The Green Thumb Company (GTC), which provides live plants and flower arrangements to professional offices. Jonah has fixed costs of $3,800 per month for office/greenhouse rent, advertising, and a delivery van. Variable costs for the plants, fertilizer, pots, and other supplies average $22 per job. GTC charges $60 per month for the average job. Required: 1. How many jobs must GTC average each month to break even? jobs per month...
QUESTION 1 [5 MARKS] A bank lent $200,500 for the development of two products. If the...
QUESTION 1 [5 MARKS] A bank lent $200,500 for the development of two products. If the loan for product X was for $50,500 more than that for product Y, how much was lent for product Y? QUESTION 2 (10 MARKS] Solve for i in the following equation by means of linear interpolation (1 + i)0 - 1 = 25 QUESTION 3 (10 MARKS] A bakery finds that the price they can sell cakes is given by the function p 580...
Please help me in both questions, thank you very much :) QUESTION 3 Ben is a...
Please help me in both questions, thank you very much
:)
QUESTION 3 Ben is a musician who has just finished his degree in music technology. He is currently deciding whether or not to accept a job in Brisbane as a music teacher at a local school, or focus on being a touring musician. He ill earn a wage of $35,000/year as a teacher in Brisbane, and $25,000/year as a touring musician based in Melbourne. Rent is $10,000lyear in Brisbane,...
As the oldest of the Seven Wonders of the Ancient World, the Great Pyramids of Giza in Egypt, is a huge tourist attraction. The Egyptian Government decides to grant one person, called Rajmund, exclusive access to the pyramids so he can conduct tours. Each tour costs him $108 to conduct (ie: his marginal cost is constant at $108/tour). Below is a table of potential prices he could charge and the corresponding quantities. Quantity tours 2 4 Price $/tour 200 180...
Great Pyramids. Inspired by his recent trip to the Great Pyramids, Citibank trader Ruminder Dhillon wonders if he can make an intermarket arbitrage profit using Libyan dinars (LYD) and Saudi riyals (SAR). He has USD1,000,000 to work with so he gathers the following quotes. Is there an opportunity for an arbitrage profit? Citibank quotes U.S. dollar per Libyan dinar National Bank of Kuwait quotes Saudi riyal per Libyan dinar Barclay quotes U.S. dollar per Saudi riyal $1.9324 LYD1.00 SAR 1.9405...
QUESTION 9 Jimmy is the owner of the only gelato shop on North Stradbroke lsland. He sells the gelato in cones, with the marginal cost of each gelato cone being constant at $0.80 per cone. Below is a table of potential prices and corresponding quantities of gelato cones he could sell. Quantity (cones) 50 60 70 80 90 100 Price ($/cone) 6.80 6.20 5.60 5.00 4.40 3.80 What is Jimmy's profit-maximising quantity of cones? Answer to the nearest whole number...
QUESTION 9 Jimmy is the owner of the only gelato shop on North Stradbroke lsland. He sells the gelato in cones, with the marginal cost of each gelato cone being constant at $0.80 per cone. Below is a table of potential prices and corresponding quantities of gelato cones he could sell. Quantity (cones) 50 60 70 80 90 100 Price ($/cone) 6.80 6.20 5.60 5.00 4.40 3.80 What is Jimmy's profit-maximising quantity of cones? Answer to the nearest whole number...
Question 4 [18 points] Two firms in a particular industry face a market demand curve given by the equation P= 120 -0.25Q. The marginal cost is $40 per unit and the marginal revenue is MR= 120 -0.5Q. a) Draw the demand curve to scale on a diagram, and then insert the corresponding marginal revenue curve and the MC curve. Note: When calculating your points, please round the numbers to the nearest whole number. Demand Demand Marginal Revenue Marginal Cost 1607...
Break-Even for a Service Firm Jonah Graham owns and operates The Green Thumb Company (GTC), which provides live plants and flower arrangements to professional offices. Jonah has fixed costs of $3,240 per month for office/greenhouse rent, advertising, and a delivery van. Variable costs for the plants, fertilizer, pots, and other supplies average $24 per job. GTC charges $60 per month for the average job. Required: 1. How many jobs must GTC average each month to break even? jobs per month...
QUESTION 1 [5 MARKS] A bank lent $200,500 for the development of two products. If the loan for product X was for $50,500 more than that for product Y, how much was lent for product Y? QUESTION 2 (10 MARKS] Solve for i in the following equation by means of linear interpolation (1 + i)0 - 1 = 25 QUESTION 3 (10 MARKS] A bakery finds that the price they can sell cakes is given by the function p 580...
Please help me in both questions, thank you very much
:)
QUESTION 3 Ben is a musician who has just finished his degree in music technology. He is currently deciding whether or not to accept a job in Brisbane as a music teacher at a local school, or focus on being a touring musician. He ill earn a wage of $35,000/year as a teacher in Brisbane, and $25,000/year as a touring musician based in Melbourne. Rent is $10,000lyear in Brisbane,...
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