8. Discuss the impact of the following factors on the optimal method of procur- ing an input. d. Specialized investments. e. Unspecifiable events. f. Bargaining costs.
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- 8. Discuss the impact of the following factors on the optimal method of procur- ing an input. a. Benefits from specialization. b. Bureaucracy costs. c. Opportunism on either side of the transaction. d. Specialized investments. e. Unspecifiable events. f. Bargaining costs.is profit maximisation seen as local minimum or maximum? Is part (b) the correct way of doing first derivative? There is image of the questions, another image of the answers of part (a) and (b).Write a paragraph to explain to your CEO that based on using regression analysis, through using the solver tool of excel, recalculate the optimum units to produced this month is 800 pro 200 mini to have the maximize revenue of $174,400.00. Explain what/why would it be if you make any changes in the units to stay within the constraints that you have it would produce less money.
- Problem Set A 1. Expand the following expressions: a. TC(q)- 2TR(q) - FC(q) b. 5q-(3-2q)³ C. 2 e2 1 - In (²²) ² 2. Factorize the following expression: a. 4 + 4(2) + 4 b. 108q-36+7q³ - 59q² 3. a. Use Microsoft Excel or otherwise to draw the graph for each of the following functions to scale, on the same page for -54. Learning Curves... Learning curves: every time you double production, your costs decrease by 50%. The first unit costs you $64 to produce. On a project for 4 units, what is your break-even price? You can win another project for 2 more units. What is your break-even price for those units? IFWhat happen to salaries and wages when you are in a production/manufacturing business that you want to operate on and on for many production cycles? a. it will either be a variable and/ or fix cost b. it becomes fixed cost c. It becomes variable cost d. it is an operating expense When there are 3 indifference curves in a graph, what ideal point is desired? a. a point where budget and satisfaction coincides with each other b. a point that is within the highest budget line c. point that is within the highest indifference curve d. the point where there is satisfaction yielded An example of business that is servicing a captive consumers as there is an absence of choices to serve them. a. Duopoly b. Monopsony c. Monopoly d. Oligopoly8. Stage II of Law of Variable Proportions is called: (a) Diminishing returns (b) Decreasing returns (c) Falling returns (d) Negative returns3. What is the rate of return that includes the minimum profit as an expense?3 Explain how economies of scale can be a barrier to entry. Your initial post should be 3-4 paragraphs in length. Make sure to demonstrate critical thinking and analysis by using research. For full credit, include one journal article to support your pos t.t.(a) What do you mean by inventory carrying cost and ordering cost? Explain with examples. 2(b) Mr Mahmud operates a cosmetics shop at Dhanmondi. The annual demand for soap is 2,500 units. The setup cost is Tk.15 per order. The material cost per unit Tk.3 and the holding cost 10% of average inventory.. a) What is the optimum number of units per order? (Use EOQ formula)b) What is the expected number of orders per year if management considers the followings units for order placement: 100 units, 250 units, 500 units and 1250 units?(Use comparative tabular format)Indicate whether each of the following is anexplicit cost or an implicit cost.a. A manager’s salaryb. Payments to Dell for computersc. A salary forgone by the owner of a firm byoperating his or her own companyd. Interest forgone on a loan an owner makes tohis or her own companye. Medical insurance payments a companymakes for its employeesf. Income forgone while going to colleSelect the best option based on the information below. $/output unit А B C -y O a. (A-Marginal Cost, B-Average Total Cost, C-Average Variable Cost) O b. (A-Average Variable Cost, B-Marginal Cost, C-Average Total Cost) O. (A-Marginal Cost, B-Average Variable Cost, C-Average Total Cost) O d. (A-Average Total Cost, B-Marginal Cost, C-Average Variable Cost)SEE MORE QUESTIONS
