Mr. Nazri saves RM500 at the beginning of each year. He receives an interest of 3% each year. Find the total amount of savings including the interest after 20 years
A monopoly operates three plants with total cost schedules
TC1 = 40 + 0.1q1 + 0.04q2
TC2 = 18 + 3q2 + 0.02q2 2
TC3 = 30 + 4q3 + 0.01q2 3
and faces the market demand schedule p = 250 − 2q where q = q1 + q2 + q3
Set up the profit function and then use it to determine how much the firm should make in each plant to maximize profit, using the Hessian to check that second-order conditions are met.
Sarah lives where weekly unemployment comp. is 55% of the 26-week avg. for the two highest-salaried quarters. If Sarah made an annual salary of $34,000 before being laid off, what will be her weekly unemployment compensation?
NW Furniture is considering adding a cedar picnic table to the line of furniture. NW Furniture estimates that it will sell for $50 to distributors. They also estimate that the fixed costs of producing that table will be $13,000 and that the variable costs per table will be $22.
How many table will they need to sell to break even?
Find the total sales they need to break even?
What is the total expense for manufacturing 400 tables at Woodlike Inc. if the fixed costs are $1,702,300 and each tables variable cost is $21?