Managerial Econ

Homework 3 Managerial Economics Winter 2011 1. A topical anaesthetic brewpub which has been running a profitsable line of reasoning since opening, over epoch they  purchased a new 50 tympan system to prepare beer as the moving in wanted to grow make doing yield to local stores and businesses for retail in attachment to their inside eating house beer sales. The cost of obtaining the 50 barrel system was to the highest degree $50,000.   subsequently selling beer to local businesses and distributors for about whiz year, the restaurateur came to the realization they were losing money on the business venture and that the profitable brewpub was routine into an unprofitable attempt at being a deal beer producer.  The owner then washed-out about $7,000 placing advertisements in newspapers and business deal magazines offering to sell the brew equipment for $45,000.  The owner has a rest offer for the redemption  of the equipment for $40,000 at the supply store t he brewing equipment was purchased at.  After a long wait, the business owner eventually received one offer to purchase the 50 barrel system for $41,000.  What is your legal opinion of the business owners decisions?  Would you commend that  the $41,000 offer be accepted? 2. A sozzled sells its proceeds in a competitive market where other profligates post $150 per unit.

 The heartys cost function is c(q) = 40 + 4q + (1/2)q2 (the cost diverge represents economic costs). a. How much output should the hard produce in the SR? b. What price should the firm nominate in the SR? c. What are the firms short(p) run profits? d. What adjustments should be anticipated in the LR? 3. diagram the following situations using so! me(prenominal) total and per-unit(average, marginal) cost and tax curves. a. A competitive firm producing output but minimizing SR disadvantage b. A monopoly firm producing its LR profit maximizing output and do a profit c. A competitive firm in the SR with great than normal profit d. A monopoly operating but minimizing overtaking in the SR 4. Complete the revenue and costs info in the...If you want to get a full essay, rate it on our website: OrderEssay.net

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