Explore BrainMass

Cost-Benefit Analysis

The total revenue test: elasticity

What happens to total revenue when the price of milk is increased. Why? Inelastic goods (goods in which consumers are less responsive to changes in price): e < 1 Elastic goods (goods in which consumers are more responsive to changes in price): e >1

NPV & Real Options

The cash flows are $8.5 million at the end of year 1, end of year 2, etc., "forever". An ordinary perpetuity assumes payment at the end of the year, so the $85 million does not need further discounting -- we're evaluating everything as of "today".

Cost types are examined.

1. What marginal costs do Universities incur by offering more than one of the same classes? What marginal revenues do Universities earn from each additional class? How would you expect this marginal analysis to affect the volume of classes the Universities offers? Does Universities maximize profits? 2. How would you describe

Analysis of Economic Measures

Could you please help me to identify 10 important economic measures (e.g. CPI) or areas (e.g. inflation using two or three indications) that best describes the current state of the U.S. economy. There needs to be an analysis of each and focusing on its importance, what it says about the current state of the economy and the lates

Cost Analysis Managerial Economics

For the cost function C(Q) = 2000 + 15Q + 5Q2 + 4Q3, what is the marginal cost of producing the fifth unit of output? A) $2,000. B) $256. C) $340. D) $365. Suppose total benefits and total costs are given by B(Y) = 50Y - 4Y2 and C(Y) = 6Y2. What level of Y will yield the maximum net benefits? A) 2.5 B) 5.0 C) 50/18

American Enterprise Institute

One study completed for the American Enterprise Institute estimated the cost per life saved in several programs supported or mandated by the government. The following results were reported: estimates of cost per life saved recommended for cost-benefit analysis by the national safety council for traffic safety

Ultimatimum Game

You are given an offer to split a $20 bill. The other player offers you $1. If you accept the offer you keep the $1, and the other player keeps $19. If you reject the offer, neither of you will get anything. Do you take the offer?

Market Trends

Market Trends Paper describe market trends that your selected organization/industry will face. Explain your conclusions. a.Market structure b.Impact of new companies entering the market c.Prices d.Technology e.Productivity (consider the law of diminishing marginal productivity) f.Cost structure 1)Wages and ben

Mathematics: Security Guards and Stolen Radios

Question: Twenty-first Century Electronics has discovered a theft problem at its warehouse and has decided to hire security guards. The firm wants to hire the optimal number of security guards. The following table shows how the number of security guards affects the number of guards affects the number of radios stolen per week.

Deficit Elimination

Dunston Military Academy has an annual deficit of $250,000. Its 1,000 students pay a tuition of $10,000 each per year. The economics faculty has recommended solving the problem by recruiting additional athletes with $5,000 scholarships. Each additional athlete will cost the school $2,500 (equipment, etc.). Assuming the acade

Brief summary of article

Hello please see website below on an article that is entitled: Global Accounting Convergence and the Potential Adoption of IFRS by the U.S. (Part I): Conceptual Underpinnings and Economic Analysis Luzi Hail, Christian Leuz, and PeterWysocki I*X0w

Analysis of the Poultry Industry

Prepare an analytical report about the Poultry industry. The analysis must include application of various and appropriate economic concepts. Analyze the competitive position of 5 or more different firms within this industry â?" [Pilgrims Pride Inc., Tysonâ??s Foods, Fieldale Inc, Koch Foods and Marjac Foods.] NBâ?¦analysis

Algorithm for Solving the Problem

8. Six jobs are to be processed through a two-step operation. The first operation involves sanding, the second involves painting. Processing times in hours are as shown (see attachment). Schedule the jobs. Job Operation #1 Operation #2 A 10 5 B 7 4 C 5 7 D 3

Marginal Cost & Marginal Benefit

Marginal Cost & Marginal Benefit 1. How can I cite three examples of personal decisions, in which I weighed: a. marginal cost b. marginal benefit. (Make sure these are socially acceptable).

Assessing Profit Potential Using Marginal Analysis

Assess the profit potential using marginal analysis. It is assumed that the toothpaste market is perfectly competitive and the current price of a case of toothpaste is $42.00. CPI has estimated its marginal cost function to base follows: MC =.006Q. 1. The Board would like to know how many cases of toothpaste should be p

Graphing Maximum Total Proft

Show graphically the maximum total profit that the firm of Problem 5 earns if the price of milk (product A) falls to $0.50 while the price of cheese (product B) remain at $1. *Just work on the case of TC=$90. Problem 5 The dairy farm Company, a small producer of milk and cheese, has estimated the quantities of milk and chee

Microsoft's Current Market Conditions

Analyze the current market conditions of Microsoft Corporation. Address the following topics in your analysis: a. Market structure b. Impact of new companies entering the market c. Prices d. Technology e. Productivity (consider the law of diminishing marginal productivity) f. Cost structure 1) Wages and benefits

Applied Economics

1)The following function describes the demand condition for a company that makes caps featuring names of college and professional teams in a variety of sports. Q = 2,000 - 100 P; where Q is cap sales and P is price. a)How many caps could be sold at $12 each? b)What should the price be in order for the company to sell 1,000

Cost Analysis

As vice president for Ambulatory Clinical Services for a small community hospital, you oversee various laboratory operations. To familiarize yourself with costs of operating the ECG (electrocardiography) laboratory, you do some simple breakdown of costs. Aside from equipment costs, you find that: 1. It takes about 15 minutes

Determining When a Business Should Shut Down: Example

A firm has total costs (TC) of $10,000 over the next three months (total for the 3 months - not per month), of which $6,000 are fixed costs (TFC) for rent on its lease that cannot be broken. If it stays in business over those months, then the firm will collect only $5,000 in revenues (TR). So, considering only this information,

Transfer Pricing issues

The Business Situation Two years ago, prior to a major capital-budgeting decision (see Case 4), Robert Burns, the president of Greetings Inc., faced a challenging transfer pricing issue. He knew that Greetings store managers had heard about the ABC study (see Case 2) and that they knew a price increase for framed items

Economics of Health Administration

Cost Benefit Analysis Given the following information: UnitsQ Total Benefit B(Q) Total Cost C(Q) Net Benefits NB(Q) Marginal Benefits MB(Q) Marginal Cost MC(Q) MNB(Q) 100 1200 950 210 40 101 14

Make a Managerial Decision

Describe in economic terms a managerial decision....Should our company hire temporary workers or hire new workers to handle increase demand for our product? Should we buy a new machine or upgrade the old one? What is the optimal level of parts we should order and keep on the shelf? Should we lease or buy a car? Should we rent

Linear Equations

In a college Residence A there are 320 students. In Residence A there are 1720 canned drinks consumed per week. In another residence, Residence B, there are 260 students who consume 1480 canned drinks per week. a.Calculate the linear function (equation) if drink consumption is a linear function of the number of students. b.

The Market Equilibrium: Marginal Social Benefit/Cost

Suppose the marginal social cost of television sets is $100. This is constant and equal to the average cost of television sets. The annual demand for television sets is given by the following equation: Q = 200,000 - 500P2. If television sets are sold in a perfectly competitive market, calculate the annual number sold. Under what

Calculating GDP and Net Exports

Given the following information: (all dollar amounts in trillions) Personal consumption expenditures $3.0 Net private domestic investment 1.4 Depreciation 0.2 Government purchases of goods and services 2.0 Exports