Other Economics Answers

4) Solve the following linear programming problem:

Min 𝐶 = 0.6𝑥1 + 𝑥2

subject to 10𝑥1 + 4𝑥2 ≥ 20

5𝑥1 + 5𝑥2 ≥ 20

2𝑥1 + 6𝑥2 ≥ 12

𝑥1 𝑎𝑛𝑑 𝑥2 ≥ 0

what are the advantages to retailer to sharing inventory. For suppose you go to a car dealer to find a blue model and he doesn't have that model in stock. Typically he will obtain the model from the another local dealer. What are the disadvantage

to the retailer?

1. When Mxit first launched, they planned to be one of the biggest innovative organisation 

in the IM industry yet 10 years later the company shut down its operations. Following

systematic steps on a control process and using practical examples based on the case 

study, establish why did Mxit failed to achieve their planned objectives. 

 (30)

2. Is there anything that they could have done differently to achieve their planned 

objectives? Justify your answer (10)

3. Who is to blame for this failure in the organisation and what information were they 

supposed to gather so that their activities could be aligned strategic goals and 

strategies?

Given the total cost function; TC = 3Q³ - Q² + 150Q +50

A.           What is the fixed cost and what does it shows?

B.           What is the variable cost function? What is the variable cost at Q = 2?

C.           What is the maximum output level at the minimum level of average variable cost

D.           At Q = 3 what Is the trend of average cost function (is that increasing or decreasing)? Why?

Differentiate what type of return to scale the following production function exhibit and explain your reason

            A. Q=L^0.5 K^0.5                               C. Q = L^0.3 K^0.5

            B. Q=L^2/3 K^2/3                   D. Q=AL^a K^b

On May 11, 1993, a note due on January 10, 1994 was discounted at 12.12% simple discount. Find the exact simple interest rate of 10.75% for one year and 3 months? What is the exact discount rate?

Given the totalcost function; TC = 3Q³ - Q² + 150Q +50

A.           What is the fixed cost and what does rt shows?

B.           What is the variable cost function? WhatIs the variable cost at O = 2?

C.           What is the maximum output level at the minimum level of average variable cost

D.           At O = 3 what Is the trend of average cost function (is that increasing or decreasing)? Why?

Find the exact simple interest rate of 10.75% for one year and 3 months? What is the exact discount rate?

Given the total cost function; TC = 3Q³ - Q² + 150Q +50

A.           What is the fixed cost and what does it shows?

B.           What is the variable cost function? What is the variable cost at Q = 2?

C.           What is the maximum output level at the minimum level of average variable cost

D.           At O = 3 what Is the trend of average cost function (is that increasing or decreasing)? Why?