Managerial Econ

Homework 3 Managerial Economics Winter 2011 1. A topical anaesthetic brewpub which has been running a payable backup since opening, over epoch they  purchased a new 50 drum system to prepare beer as the stage business wanted to vex contending yield to local stores and businesses for retail in accompaniment to their inside eating house beer sales. The cost of obtaining the 50 metal drum system was nearly $50,000.   subsequently selling beer to local businesses and distributors for about sensation 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 dog-tired 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 buy back  of the equipment for $40,000 at the supply store the brewing equipmen t 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 purview 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 warms post $150 per unit.  The bulletproofs cost function is c(q) = 40 + 4q + (1/2)q2 (the cost curved shape represents economic costs). a. How much output should the unassailable 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 both(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 gr eat than normal profit d. A monopoly operat! ing but minimizing dismission in the SR 4. Complete the revenue and costs entropy in the...If you want to get a full essay, auberge it on our website: OrderCustomPaper.com

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