Patty's Pizza Parlor has the production function per hour shown in the accompanying table. The price of pizza is $2, but the hourly wage rate rises from $10 to $15. Use a diagram to determine how Patty's demand for workers responds as a result of this wage rate increase. Quantity of labor (workers) 0 1 2 3 4 5 Quantity of pizza 0 9 15 19 22 24

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Panther Acre Cattle Company - Chapter 7 Lab A typical farm or ranch problem is determining the optimum or profit-maximizing weight to sell fed cattle. Assume the feeder cattle are purchased at 600 pounds. The feed required and the weight gain is shown in the table below. Feed costs 7¢ per pound and feeder cattle prices are as follows: Weight Price per Pound 600-899 lbs 72¢ go to 3rd 900-1099 lbs decimal 1100 lbs or more 70¢ Point 67¢ Pay attention to the price changes when computing MVP. Input Output Feed Weight Selling Required Gain Weight Total Average Marginal Marginal Marginal Revenue Physical Physical Value Input (lbs) (lbs) (lbs) Product Product Product Cost 600 0 0 600 432 XXX XXX XXX XXX 500 50 So 650 468 0.10 0.083 1,100 145 as 745 536.40 0.132 6.158 1,700 235 aol 835 601.20 0.138 0.15 2,300 320 85 920 644 0.139 2,900 400 80 1,000 700 0.138 3,500 465 65 1,065 745, 50 0.133 4,100 525 60 1,125 753.75 0.128 4,700 575 SO 1,175 787.25 0.122 5,300 615 40 1,215 814.05 0.116 5,900 645…

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Market price is always more than factor cost.  True /False

A manufacturer has been selling 1000 television sets a week at $400 each. A market survey indicates that for each $10 rebate offered to the buyer, the number of sets sold will increase by 100 per week. Round your answers to the nearest dollar. (a) Find the demand function (price as a function of units sold). p(x) = (b) How large a rebate should the company offer the buyer in order to maximize its revenue? $ (c) If the company experiences a cost of C(x) = 77,000+ 130x, how should the manufacturer set the size of the rebate in order to maximize its profit? $

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Which of the following is not considered an operating expense? FOB destination Cost of goods sold Advertising expense Administrative expense

Question 9

Acquiring a supplier because it becomes more profitable   Question 4 options:   ​will raise the asking price to offset any increase in cash flow over time   ​will increase your profits   ​will decrease your profits   ​will make you alter operations