1) Read Jacob & Youngs v. Kent on page 327a) Did Jacobs & Young provide complete performance pursuant to the contract?b) Was Jacobs & Young entitled to the entire balance of their fee for servicesrendered?
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- 4. Windies Cricket manufactures Windies supporter jerseys. The quantity q, of these jerseys demanded weekly is related to the wholesale price per jersey p, by the following equation: P = 0.006q+15 The weekly total cost incurred by Windies Cricket for producing q jerseys is: C(q) = 38q - 0.02q² + 30,000 d. Will Windies Cricket record a loss or profit if they were to produce and sell 2450 jerseys? e. If Windies Cricket wishes to maintain a total cost less than $42,000.00, what range(s) of Windies jerseys should be produced. f. Calculate the equilibrium price and quantity for Windies jerseys.This profit-maximizing/ loss minimizing firm is ? Note:- Please refrain from offering handwritten solutions. Please ensure that your response maintains accuracy and quality to avoid receiving a downvote. Take care of plagiarism. Answer completely. You will get up vote for sure.Q3. The management of a manufacturing company has the following information: Revenue function: R = 2700Q – 15Q? Profit-maximizing price is 1500 units. 1\ Using the above information, determine the following: i. Profit-maximizing quantity. ii. Revenue-maximizing quantity. 2\ Suggest a cost function which results in a maximum profit value to be between OMR (25000 and 65000), write the maximum profit value.
- Economics of customer acquisition for fedex: 140 accounts in advertising industry use 2,285 courier paks (cp) per month cp price is $12.50 and variable cost is $4.25 retention rate = 0.9, discount rate = 12% what is the maximum fedex should be willing to spend to acquire a new account in this industry? what is the maximum that fedex should spend/customer per year to increase retention to 0.95? (could you show me it worked out? Thank you!) Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.2. If the price/demand function is p-50-1.25x and the total cost function is 160+10x, where x is the number of units (D) in thousands and cost is in dollars, determine the following; a. General Equation of the Total Profit (profit function) b. General Equation of the Total Revenue (revenue function) C. Breakeven points1. The estimated demand curve for a firm's product is represented by the equation: Q = 66000 – 10P where O is the quantity sold per year and P is the price per unit. (a) Based on the estimated demand curve, write the equations for (i) (ii) (iii) marginal revenue total revenue average revenue (b) What is the maximum total revenue per year that the firm can obtain from sales of its product? (Give the exact dollar amount and show how you determined it.) (c) Calculate the point price elasticity of demand for the firms' product when 2 = 50000 . Is the demand elastic or inelastic at that quantity? How do you know?
- What is the profit maximization for apex firm if we have the following data quantitiy /unit ={0,1,2,3,4,5,6,7,8,9,10} total variable cost =[0,100,180,220,300,390,500,640,800,1000,1250} 2. If the market price dropped to $80, what is the profit-maximizing level of output? What is Apex’s profit (or loss) in this case?3. If the market price dropped further to $40, what is the profit-maximizing level of output? What is Apex’s profit (or loss) in this case?4. Comment on your answers to parts (2) and (3)4. Windies Cricket manufactures Windies supporter jerseys. The quantity q, of these jerseys demanded weekly is related to the wholesale price per jersey p, by the following equation: p=-0.006q+15 The weekly total cost incurred by Windies Cricket for producing q jerseys is: C(q) = 38q0.02q² + 30,000 a. Determine an expression to represent the weekly Revenue function. b. Determine an expression to represent the weekly Profit function. c. Calculate the weekly Revenue when ten dozen jerseys are produced and sold.How did GE lose $507 billion (more than 85 percent) of its market valuation since its peak? What went wrong?
- Mad Rabbit is a manufacturer and distributer of Royalex hull wilderness canoes. Revenue and cost relations are as follows: TR = $200Q - $0.06Q2 MR = DTR/DQ = $200 - $0.12 Q TC =$75,000 + $6Q + $0.0125Q2 MC= DTC/DQ = $6 + $0.025Q Calculate output, price and profit at the average cost-minimizing activity level. Calculate output, price and profit at the profit-maximizing activity level. Calculate the level of output and price that will maximize sales revenue. What is the profit associated with this activity level? Plot Mad Rabbit's demand curve, marginal revenue curve, marginal cost curve and average cost curve on the same graph (quantity on the horizontal axis). Show your graphical solutions (price, quantity, profit) to parts A, B and C on this graphSuppose you own a tax preparation services company, with fixed costs of $3,000/month and marginal costs of $25/appt.If the price is $60/appt, 500 appointments would be sold. If the price is $50/appt, 760appointments would be sold. a.)Use these figures to calculate the price elasticity of demand for your services. b.)Calculate the monthly profits and profit margins (profit/revenue) associated with the price of $60/appt and $50/appt. c.)Given these calculations, what price should you charge for your services, $50/apptor $60/appt? Explain3. Suppose that the total revenue function for a commod- ity is R = 64x- 0.02x². (a) Find R(100) and tell what it represents. (b) Find the marginal revenue function. (c) Find the marginal revenue at x = 100 and tell what it predicts about the sale of the next unit and the next 3 units. (d) Find R(101) - R(100) and explain what this value represents.