Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

just require options answers without explanation as soon as possible TWO stores are located side by side and attract customers to each other and to

image text in transcribedimage text in transcribed

just require options answers without explanation as soon as possible

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
TWO stores are located side by side and attract customers to each other and to themselves by advertising. Where 161 and x2 are the advertising expenditures of stores 1 and 2, the prots of the rms are (48 + x2 )x1 2(x1)2 for store 1 and (54 + x1)x2 2(x2 )2 for store 2. Knowing these functions, one investor buys both stores. In order to maximize his total prots, how much should he spend on advertising for store 1? Select one: Q a. 25 b. 26 c. 10 d. 35 Consider a 2 good, 2 consumer exchange economy in which good 2 is the numeraire. If the current price of good 1 is p1 = 10 and the net demand for good I is 10, what is the net demand for good 2? Select one: 0 a. 10 O b. 100 O c. -100 0 (:1. cannot be determined Suppose a protmaximizing cider mill operating in a perfectly competitive market has the following cost curves, and it is currently producing a positive quantity. Then the market price is at least (i), and the mill will produce at least () pints of cider. Price ($lpint) 250 370 400 Pints of Cider Select one: C) a. (i): 5, (ii): 120 O b. (i): 11, (ii): 250 O c. (i): 23, (ii): 370 0 d. (i): 35, (ii):120 Natasha runs a cookie factory. Her cookies are made with sugar, peanut oil, and cashew. The number of boxes of cookies that she produces is f(s, p, c) = min{s, p + 20}, where s is the number of bags of sugar, p the number of canisters of peanut oil, and c the kilograms of cashew that she uses. The price of a bag of sugar is Rs. 12. The price of a canister of peanut oil is Rs. 6. The price of a kilogram of cashew is Rs.9. If Natasha makes cookies in the cheapest way possible, how much does it cost to make 200 boxes of cookies? Select one: 0 a. 2400 O b. 3300 O c. 4200 0 d. 3600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elements of Electromagnetics

Authors: Matthew

3rd Edition

019513477X, 978-0195134773

Students also viewed these Economics questions