DG Khan Cement Company is one of famous cement factories of Pakistan. This company has a sustainable
Question:
DG Khan Cement Company is one of famous cement factories of Pakistan. This company has a sustainable profit level over a number of past years. It is also a public quoted company and its shares are quoted on Karachi, Lahore and Islamabad Stock Exchanges. Suppose it has a production capacity of 50,200 Tones. In order to utilize all its production capacity, management has estimated the following production function:
7(5,2)
Q=0.8L04K07E06
Where:
Q = Output
L=Labor input in worker hours
K = Capital input in machine hours
E= Energy input
a) Estimate the effect on output of a 1% decline in energy input due to energy crisis of Pakistan
(holding K and L constant).
b) Estimate the returns to scale for this production system.
[8:03 am, 08/02/2021] abeera liaqat: Pasha and Jims Inc. is exporter of gents and children's readymade garments. In order to moderate excess inventory at ending of the model year, it has offered 5% discount off the average price of gents garments sold during the month of November. Due to this price decrease, customer's response was motivated, as unit sales rise by 50% over the previous month's level.
a) Calculate the Point Price elasticity of Demand for Pasha and Jims Inc. sold during the month of November
Calculate the Profit-Maximizing Price per unit if Pasha and Jims Inc. have incurred marginal selling costs of Rs.3000 per
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren