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- Revenue and Costs ($) TC P61 Given TFC = $40.00 Q1 = 30.00 Q2 = 40.00 TR P6 P5 Q3 = 50.00 Q4 = 80.00 Q5 = 86.00 P4. P1 = $40.00 P2 = $50.00 P3 = $60.0o P4 = $150.00 P5 = $200.00 P6 = $210.00 P61 = $320.00 P3 P2 P1 Q1 Q2 Q4 Q5 Q3 Exhibit TR-TC Output (Q) Refer to Exhibit TR-TC for a typical competitive firm. At an output level of Q5, the firm's losses is about O $100.00 O $90.00 O $110.00 O $120.00Suppose that your current wealth is $4000 and you have power utility with a = 0.8. (a) Determine your current level of well-being, to two decimal places. Current well-being = utiles. %3D (b) Determine the impact on your well-being of a gain of $800, to two decimal places. Increase of utiles. (c) Determine the impact on your well-being of a loss of $800, to two decimal places. Decrease of utiles. (d) How large would X have to be, in order for a gain of $X to have the same impact (in terms of magnitude) as a loss $800. Express your answer in dollars, to the nearest cent. X = $The owners of a small manufacturing concern have hired a vice president to run the company with the expectation that he will buy the company after five years. Compensation of the new vice president is a flat salary plus 75% of the first $150,000 profit, and then 10% of profit over $150,000. Purchase price for the company is set at 4.5 times earnings (profit), computed as average annual profitability over the next five years. a. Plot the annual compensation of the vice president as a function of annual profit. b. Assume the company will be worth $10 million in five years. Plot the profit of buying the company as a function of annual profit. c. Does this contract align the incentives of the new vice president with the profitability goals of the owners? d. Redesign the contract to better align the incentives of the new vice president with the profitability goals of the owners.
- S LO 20 # 3 PRICE (Dollars per hot dog) 5. History Bookmarks People Tab Window Help 令) 71% Mind Tap - Cengage Learning /index.html?deploymentld%359828119415547787292595253&elSBN=9780357133606&id%3D1069413986&snapshotid%-D2211990& * CENGAGE MINDTAP Q Search this course Homework (Ch 15) 5. Monopoly outcome versus competition outcome Consider the daily market for hot dogs in a small city. Suppose that this market is in long-run competitive equilibrium with many hot dog stands in the city, each one selling the same kind of hot dogs. Therefore, each vendor is a price taker and possesses no market power. The following graph shows the demand (D) and supply (S = MC) curves in the market for hot dogs. %3D Place the black point (plus symbol) on the graph to indicate the market price and quantity that will result from competition. Competitive Market +. 4.5 PC Outcome 3.5 3.0 2.5 S=MC 1.5 0.5 D. 120 140 160 180 09 QUANTITY (Hot dogs) 40 PI MacBook Air DA DD F8 F6 F5 F4 F2 %24 6. 7. 8. 9- 4. 2.tise or nột to advertise Suppose that Fizzo and Pop Hop are the only two firms that sell orange soda. The following payoff matrix shows the profit (in millions of dollars) each company will earn depending on whether or not it advertises: Pop Hop Advertise Doesn't Advertise Advertise 8, 8 15, 2 Fizzo Doesn't Advertise 2, 15 11, 11 For example, the upper right cell shows that if Fizzo advertises and Pop Hop doesn't advertise, Fizzo will make a profit of $15 million, and Pop Hop will make a profit of $2 million. Assume this is a simultaneous game and that Fizzo and Pop Hop are both profit-maximizing firms. million if Pop Hop advertises and a profit of $ million if Pop Hop does not If Fizzo decides to advertise, it will earn a profit of $ advertise. million if Pop Hop does not million if Pop Hop advertises and a profit of $ If Fizzo decides not to advertise, it will earn a profit of $ advertise. TE Don Uenad orticoc Fizze makoc a hiabo nrefit RS R choeces acerBased on the data provided here, calculate the items requested: Annual depreciation $ 2,500 Annual mileage 13,800 Current year's loan interest $ 670 Miles per gallon 24 Insurance $ 755 License and registration fees $ 90 Average gasoline price $ 4.00 per gallon Oil changes/repairs $ 520 Parking/tolls $ 520 a. Calculate total annual operating cost of the motor vehicle. b) What is the operating cost per mile?
- (a) A firm increases by 7.2% in the first 6 months and decreases by 9.6% in the second half of year 2. Determine the percentage during the year. (b) The number of trees in the forest at the beginning of this year was 20,000,000 trees, every year 10% of these trees are cut down and 1,750,000 new trees are planted. Calculate how many trees there are in debt at the end of year 2 and explain what will happen to the tree in the long run.10 Rate of Interest (%) 2 8 00 9 0 100 200 Amount of Money Demanded ($B) D1 OS D₁ D3 + D2 10 Rate of Interest (%) N 8 6 0 D2 11 100 200 300 400 Amount of Money Demanded ($B) 10 Rate of Interest (%) 2 8 9 Which one of the lines represents the asset demand for money? 0 S D3 100 200 300 400 500600 Amount of Money Demanded ($B)X1 = 18% X2 = 600 *Do not use excel to solve the problem, use the equations and explain each step in details. *Draw a cash flow diagram.
- ! Required information Consider the following factors. 1. (F/P,19%,34) 2. (A/G,23%,45) Find the numerical values of the factors using linear interpolation. The numerical value of factor 1 is The numerical value of factor 2 isExercise: 01 Issue a promissory note: ⑴Amount £3,026.00 ⑵Date and place of issue 8/August/2009,Guangzhou, China ⑶Tenor At 90 days after date ⑷Maker Guangdong Imp. & Exp. Co., Guangzhou ⑸Payee Chemicals Import & Export Company London ⑴Drawer Thames Enterprises Ltd., London ⑵Drawee The National Westminster Bank Ltd., London ⑶Payee Philips Hong Kong ⑷Date and place of issue 07/01/2001,London ⑸Amount GBP79,014 Exercise: 02 Issue a check:1-23 Golden Age Retirement Planners specializes in providing financial advice for people planning for a comfortable retirement. The company offers seminars on the important topic of retirement planning. For a typical seminar, the room rental at a hotel is $1,000, and the cost of advertising and other incidentals is about $10,000 per seminar. The cost of the materials and special gifts for each attendee is $60 per person attending the seminar. The company charges $250 per person to attend the seminar, as this seems to be competitive with other companies in the same business. a.How many people must attend each seminar for Golden Age to break even? b.If 75 people were to attend, has the company made a profit or loss? (show your work and highlight the answer).