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inna [77]
2 years ago
9

Seth owns a local business that provides email updates on surf conditions. He is the only supplier of these email updates in San

ta Barbara and Goleta, which gives him a monopoly in both cities. The marginal cost of producing another update is zero (and we'll ignore fixed costs). The inverse demand for these updates in Santa Barbara is p = 74-q and the inverse demand in Goleta is p = 39 - 4q. Suppose Seth charges different uniform prices in SB and Goleta. If Seth sets each price such that he is maximizing his total profits, what are Seth's total profits?
Business
1 answer:
klasskru [66]2 years ago
6 0

Answer:

Seth's total profits is $1,535.359

Explanation:

According to the given data we have the following:

MC = 0 and we will ignore fixed costs

Therefore TC = 0  

Demand function in Santa barbara is

p = 74 - q  

MR = 74 - 2q

Since Seth sets different uniform prices in two markets to maximizes his profit therefore ,

MR = MC  

74 - 2q = 0  

2q = 74

q=37

p = 74 - 37 = 37

Profit = pq - TC

= 37*37 - 0  

= $1,369

Inverse demand finction Goleta is

p = 39 - 4q

MR = 39 - 8q

MR = MC

39 - 8q = 0  

8q = 39

q = 4.875

p = 39 - 4.875 = 34.125

Profit = pq - TC  

= 34.125*4.875 - 0  

= $166.359

Therefore, Seth's total profits =  $1,369 + $166.359

Seth's total profits= $1,535.359

Seth's total profits is $1,535.359

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Human Resources Manager, Claire must inform Anthony that company job changes will require him to seek retraining or lose his pos
crimeas [40]

Answer:

a. a face-to-face conversation.

Explanation:

According to my research on human resources procedures, I can say that based on the information provided within the question the best way for Claire to deliver this message would be through a face-to-face conversation. This is because any news important news regarding to or affecting an individuals job should be delivered in person in order for the individual to ask questions and not misinterpret the information, as well as provide some peace of mind by providing answers to any questions they may have.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
2 years ago
The idea for "price profit," an app that businesses can use to track their revenue, profit, and payroll, is protected by
egoroff_w [7]

Answer: Copyright law

Copyright is security for tangible aspects of an idea. It is intended to give the creator of something original the ability to use and make money from it, without others being able to use it themselves. There are a number of limitations that do allow for a widespread use, they protect the derivatives of an idea also called intellectual property. Copyright tends to cover literary and artistic work e.g. books, movies. To get a better idea copyright is the reason you just can’t print and sell harry potter books or download pirated movies

Since the "<em>price profit"</em> app is an idea it is protected by the copyright law.


7 0
2 years ago
Read 2 more answers
The operations manager for Dogs R Us is trying to understand the bottleneck in the dog grooming process. Times below are given i
lubasha [3.4K]

Question (in proper order)

The operations manager for Dogs R Us is trying to understand the bottleneck in the dog grooming process. Times below are given in minutes per dog, and when there are two or more employees they can process two or more dogs simultaneously.

Process step                             Time(min./dog)                     Who

Verify customer information    5                           Front desk (2 employees)

Crate the dog                           2                           Front desk  (2 employees)

Wash and dry the dog            20                          Washers (3 employees)

Nails and teeth                        13                           Nail/teeth specialists (2)

Grooming                                 25                         Groomers (4 employees)

Call customer for pick-up       5                            Front desk (2 employees)

Assuming that demand and supply exceed capacity, what is the maximum flow rate (in dogs per hour) for this process?

a. 9.2

b. 9.6

c. 10

d. None of the above

Answer:

d. None of the above

Explanation:

average time taken to:

1. verify customer info = 5mins/2 employees = 2.5mins/dog

2. crate the dog = 2min/2 employees = 1 mins/dog

3. wash and dry the dog = 20 mins/3 employees = 6.67min/dog

4. work on nails and teeth = 13 mins/ 2 employees = 6.5 min/dog

5. groom the dog = 25 mins / 4 employees = 6.25min/dog

6. call customer for pick-up = 5 mins/ 2 employees = 2.5 mins/dog

The most time is spent to wash and dry dogs (6.67 mins)

it is therefore one bottleneck

for this process a dog is processed in 6.67 mins

one hour = 60 mins

⇒ (60/6.67) dogs will be processed in an hour

that is, 9 dogs (approx)

hence, none of the above is the right option

3 0
2 years ago
National Business Machines manufactures two models of fax machines: A and B. Each model A costs $100 to make, and each model B c
Ulleksa [173]

Answer:

4500 units of A and 7,000 units of B

Explanation:

The linear programming equations can be formed as:

The objective function = 30a + 40b

a + b = 2500.........................equation 1

100a + 150b = 600,000......equation 2

multiply equation 1 by 100 we have

100a + 100b = 250000..........equation 3

Subtract equation 3 from 2

100a + 150b = 600,000......equation 2

<u>100a + 100b = 250,000.</u>.........equation 3

              50b = 350,000

Therefore b = 350,000 / 50 = <u>7,000</u>

substitute 7000 for b in equation 1

a + 7000 = 2500

a = 2,500 - 7000 = <u>4500</u> (ignoring the minus sign)

Therefore the company should produce 4500 units of A and 7,000 units of B

6 0
2 years ago
What is an appropriate sign-off for this e-mail message? a.The writer’s first name alone is sufficient as long as it is followed
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Answer: Incomplete please attach a picture of this email so we can identify the appropriate sign off. Thank you

Explanation:

6 0
2 years ago
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