Total costs K (in billion PLN) and production volume P (in thousand pieces) in the company MIKA are presented in the table: Time, t 1 3 4 K 3 5 8 P 2 4 3 6. 1 Estimate and interpret the parameters of a linear total cost model as a function of as a function of production.
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- Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.company is buying mini computers. It costs Rs 5 lakh, and its running and maintenance costs are Rs 60,000 for each of the first five years, increasing by Rs 20,000 per year in the sixth and subsequent years. If the money is worth 10 percent per year, What is the optimal replacement period? Year 1 2 3 4 5 6 7 8 9 10 Running Cost 60,000 60,000 60,000 60,000 60,000 80,000 1,00,000 1,20,000 1,40,000 1,60,000The price elasticity of demand of football ticket is 4. If the price of the ticket is increased by 12 %, the quantity demanded of tickets will: Select one: a. Decrease by 3 percent. b. Increase by 3 percent. c. Decrease by 48 percent. d. Increase by 48 percent.
- Delon’s Department Store sells several of its own brands of clothes and severalwell-known designer brands as well. Delon’s is considering building a plant in Malaysia to produce silk ties. The plant will cost the firm $5.5 million. Theplant will be able to produce the ties for $1.20 each. On the other hand, Delon’scan subcontract to have the ties produced and pay $3.00 each. How many tieswill Delon’s have to sell worldwide to break even on its investment in the newplant?The distribution of daily demand for party cakes at a bakery is shown in the following table: Relative Frequency Demand 0.08 18 0.02 21 0.02 34 0.04 43 0.07 56 0.38 67 0.12 87 0.27 114 Determine the optimal number of cakes to make each day if labour and material are estimated to cost $35.455 per unit. Cakes are sold for $50.65 per unit, and leftover cakes at the end of the day are sold next day at half price. a. 114 b. 67 c. 87 d. 43 e. 56The distribution of daily demand for party cakes at a bakery is shown in the following table: Relative Frequency Demand 0.05 10 0.03 22 0.05 37 0.06 45 0.03 53 0.39 61 0.19 88 0.2 111 Determine the optimal number of cakes to make each day if labour and material are estimated to cost $26.985 per unit. Cakes are sold for $38.55 per unit, and leftover cakes at the end of the day are sold next day at half price. O a. 45 O b. 88 Oc. 61 O d. 111 O e. 53
- A firm is considering the replacement of a machine, whose cost price is Rs 12,200 and its scrap value is Rs 200. From experience the running (maintenance and operating) costs are found to be as follows: Year 1 2 3 4 5 6 7 8 Running Cost 200 500 800 1,200 1,800 2,500 3,200 4,000 When should the machine be replaced?You are the Economic Consultant for Zuku Farms Ghana Limited. Zuku produces cowpea in a community where producers are able to switch back and forth between cowpea and groundnut depending on market conditions. Consequently, you were tasked by the management of Zuku and you estimated the demand function for cowpea as follows: where is the quantity of cowpea demanded in bags per month, is the average price of cowpea in Ghana Cedis, is the average price of groundnut in Ghana Cedis, and Y is the income of consumers. Assuming is initially GH¢31.00 per bag, Y is GH¢1001.50 Required: Find the resulting demand function for cowpea and determine the number of bags Zuku can sell at GH¢ 45.00 per bag. Management is considering increasing price of cowpea by GH¢10.00 per bag. Advise management on this price change using the concept of price elasticity of demand. Explain why management should be worried about a reduction in the price of groundnutThe yearly demand for a seasonal, profitable item follows the distribution: Demand (units) Probability 1,000 20 2,000 30 3,000 40 4,000 10 A manufacturer is considering launching a project to produce this item and could produce it by one of three methods: A. (10%). Use existing tools at a cost of S6 per unit. B. (10%). Buy cheap, special equipment for $1,000. The value of the equipment at the end of the year (salvage value) is zero. The cost would be reduced to $3 per unit. C. (10%). Buy high-quality, special equipment for $10,000 that can be depreciated over four years (one fourth of the cost each year). The cost with this equipment would be only S2 per unit. Set up this project as a decision tree to find whether the manufacturer should approve this project, and if so, which method of production to use to maximize profit. Hint: Compare total annual costs. Assume that production must meet all demand; each unit demanded and sold means more profit.
- A landscaping company want to plan for the number of employees it needs to hire for upcoming year. In order to do planning it is good to know the demand for landscape for the previous years. The following table shows the demand for landscaping from 2019 to 2020. Help the company to forecast the demand for 2021. Period Demand Winter 2019 23 Spring 2019 1000 Summer 2019 1300 Fall 2019 200 Winter 2020 34 Spring 2020 1050 Summer 2020 1340 Fall 2020 330 show workPrices of zero-coupon bonds reveal the following pattern of forward rates: Year Forward Rate 1 3 In addition to the zero-coupon bond, investors also may purchase a 3-year bond making annual payments of $50 with par value $1,000. a. What is the price of the coupon bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price b. What is the yield to maturity of the coupon bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Yleld to maturity c. Under the expectations hypothesis, what is the expected realized compound yield of the coupon bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Realized compound yield d. If you forecast that the yield curve in 1 year will be flat at 6.0%, what is your forecast for the expected rate of return on the coupon bond for the 1-year holding period? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Holding period return %The cost of producing a certain commodity consists of P45.00 per unit for labor and material cost and P15.00 per unit for other variable cost. The fixed cost per month amounts to P450,000. If the commodity is sold at P250.00 each, what is the break-even quantity?