Econ exam #2

They have fewer employees to manage as well as bring

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they have fewer employees to manage as well as bring various managerial skills to the company. 5. Kismeder Ahkesubak Noask Atall \$2 \$3 \$1 Q UTILITY MU Q UTITLITY MU Q UTILITY MU 0 0 0 0 0 0 1 18 18 1 39 39 1 12 12 2 34 16 2 75 36 2 22 10 3 48 14 3 108 33 3 31 9 4 60 12 4 138 30 4 39 8 5 70 10 5 165 27 5 46 7 6 78 8 6 189 24 6 51 5 7 84 6 7 210 21 7 54 3 b. \$2 x0 =0 \$3x0=0 \$1x0=0 \$2x 1=2 \$3x1=3 \$1x1=1 \$2x 2=4 \$3x2=6 \$1x2=2 \$2x3=6 \$3x3=9 \$1x3=3 \$2x4=8 \$3x4=12 \$1x4=4 \$2x5=10 \$3x5=15 \$1x5=5 5 of Kismeder, 5 of Ahkesubak, and 2 of noask atall 6. a. Price \$580, 460, 360, 280, 220, 160 and 120 Qs = 9,8,7,6,5,4,3, Profit/loss =\$2142, \$1216, \$483, \$0, -\$300, -\$540, -\$660 b. 9x1000= 8x1000= 7x1000= 6x1000= 5x1000= 4x1000= 3x1000=

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9000 8000 7000 6000 5000 4000 3000 i. the equilibrium prie is \$360 at 7000 units ii. the profits are at \$483 at 7 equilibrium iii. TR= 40x\$400= \$16000 TVC crew+fuel \$4000+\$1000=\$5000 TFC landing=+depreciation+ insurance \$2000+\$2000+\$1000= \$5000 TR-(i+ii)= profit \$16000-\$10000= \$6000

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