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The country of Econostan had the following expenditures last year: $600,000 in consumption
expenses, $90,000 in government purchases, and $150,000 in investment expenses. Further,
$75,000 of the products bought last year in Econostan were made in other countries and
$55,000 of the products made in Econostan were exported to other countries. What was the
gross domestic product of Econostan?
Develop a business model and design a customer-driven marketing strategy for this business focusing on the following thematic areas:
1. Identifying the market and motivating why you selected that particular market
2. Identify a need and motivate why it is a demand
3. What is your value proposition and why?
4. Motivate your strategy for customer attraction, retention, satisfaction and delight
A firm has the following revenue and cost functions. TR = 60 Q – Q^2
TC = 1 /2 Q^2 +30Q + 30 Determine the quantity level at which the firm maximizes its total profit. (Hint: use marginal revenue = marginal cost rule)
- The following is the demand function for a flavored milk producing company.
Q = 5000 – 100 P
Where Q is the sales and P is the price of the drink.
a. How many drink bottles could be sold at Rs.15 each?
b. What should the price be for the company to sell 2000 drink bottles.
what is mixed economy?
What does it mean by “convergence” among countries? On what conditions do countries converge at their GDP level? Please explain using the Solow-growth model.
* determine the equilibrium quantity and price?
* Suppose the ad valorem tax of 10% is imposed on buyers of the wine,
graphically sketch the behavior of the demand and supply curves.
* what is the new equilibrium price and quantity?
* what is the price that buyers pay and supplies get ?
* Also determine the tax revenue and tax incidence on the buyers and sellers
Walk through the optimization process and identify the optimal choice for this consumer in both x and y (Hint: the MUx = 2xy2 and MUy = 2x2y)
The main function of wages are
A. Estimated
B. Compensatory
C. Remuneration
D. Piece system
Nowjuice, Inc., produces Shakewell® fruit juice. A planner has developed an aggregate forecast for demand (in cases) for the next six months.
MonthMayJunJulAugSepOct Forecast4,0004,8005,6007,2006,4005,000
Use the following information to develop aggregate plans.
Regular production cost$10per case Regular production capacity5,000cases Overtime production cost$16per case Subcontracting cost$20per case Holding cost$1per case per month Beginning inventory0
1.Develop an aggregate plan using each of the following guidelines and compute the total cost for each plan.
a.Use level production. Supplement using overtime as needed. (Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
Period May Jun Jul Aug Sep Oct Total Forecast4,0004,8005,6007,2006,4005,00033,000 Output Regular Overtime Output - Forecast Inventory Beginning Ending Average Backlog Costs: Regular$$ Overtime Inventory Back orders Total$$
b.Use a combination of overtime (500 cases per period maximum), inventory, and subcontracting (500 cases per period maximum) to handle variations in demand. (Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
Period May Jun Jul Aug Sep Oct Total Forecast4,0004,8005,6007,2006,4005,00033,000 Output Regular Overtime Subcontract Output - Forecast Inventory Beginning Ending Average Backlog Costs: Regular$$ Overtime Subcontract Inventory Back orders Total$$
c.Use overtime up to 750 cases per period and inventory to handle variations in demand. (Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
Period 1 2 3 4 5 6 Total Forecast4,0004,8005.6007,2006,4005,00033,000 Output Regular Overtime Output - Forecast Inventory Beginning Ending Average Backlog Costs: Regular$$ Overtime Hire/Lay off Inventory Back orders Total$$
2.Which plan has the lowest total cost?
SecondFirstThirdNeither
