In his efforts to support the fifth phase government in her endeavour to become an industrialised...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
In his efforts to support the fifth phase government in her endeavour to become an industrialised nation and reduce the unemployment level, engineer Roche invented a simple special technology of construction blocks and decided to patent it, in which he became a His total cost monopoly of the production of blocks. function is: C₁ = 23Q1/50 and C₂ 16Q2/25 for the type of block 1 and 2 respectively, if the demand of the same is Q₁ 1011.5P-25 and Q2 803.2-5P. Required: a) Find out how many blocks of each type does he sell and at what price? (5 marks) (5marks) b) Find the total profit c) If the government imposes a tax of $ 5.00 for each block of type 1 and a tax of $20.00 for each block of type 2. i) How many blocks will he sell and at what price? What will be the profit? ii) (5 marks) (5 marks) In his efforts to support the fifth phase government in her endeavour to become an industrialised nation and reduce the unemployment level, engineer Roche invented a simple special technology of construction blocks and decided to patent it, in which he became a His total cost monopoly of the production of blocks. function is: C₁ = 23Q1/50 and C₂ 16Q2/25 for the type of block 1 and 2 respectively, if the demand of the same is Q₁ 1011.5P-25 and Q2 803.2-5P. Required: a) Find out how many blocks of each type does he sell and at what price? (5 marks) (5marks) b) Find the total profit c) If the government imposes a tax of $ 5.00 for each block of type 1 and a tax of $20.00 for each block of type 2. i) How many blocks will he sell and at what price? What will be the profit? ii) (5 marks) (5 marks)
Expert Answer:
Answer rating: 100% (QA)
ANSWER C 236 50 C2 166 25 Q 10115P25 Q20 P 00247 Total profit 1 ... View the full answer
Related Book For
Auditing and Assurance Services A Systematic Approach
ISBN: 978-1259162343
9th edition
Authors: William Messier, Steven Glover, Douglas Prawitt
Posted Date:
Students also viewed these economics questions
-
You have been hired by the No Flight Golf Company, and your first task is to decide whether to market a new golf ball utilizing breakthrough technology and, if so, determine the price. The payoff of...
-
You have been hired by a regional supermarket chain as the candy and snack buyer. Your shelves are dominated by national firms, like Wrigley's and Nabisco. The chain imposes a substantial slotting...
-
You have been hired as an investment analyst at Eleanor Regal Securities, Inc. It is your job to recommend investments for your client. The only information you have are the following ratio values...
-
Below, indicated by letters, are the adjusting entries at the end of March. Prepare the required reversing entry in journal form. Account Name Debit Credit (a) 180 (b) 1,050 Prepaid Insurance...
-
Describe how the special characteristics of retailing offer unique opportunities and problems for local gift shops.
-
Apply the junction rule to junction b in Figure 21.45. Is any new information gained by applying the junction rule at e? (In the figure, each emf is represented by script E.) a R ww 200 0.50 18 V P...
-
How fast do small water droplets of \(0.06-\mu \mathrm{m}\left(6 \times 10^{-8} \mathrm{~m} ight)\) diameter fall through the air under standard sea-level conditions? Assume the drops do not...
-
Rachels Designs has 2,000 shares of 7%, $50 par value cumulative preferred stock issued at the beginning of 2013. All remaining shares are common stock. Due to cash flow difficulties, the company was...
-
How does the principles, values, theories, techniques, methods and research approach to cognitive psychology school of thought match and attribute to general psychology?
-
In April, Community Hospital reported 923 discharge days for adults and children and 107 discharge days for newborns. During the month, 192 adults and children and 37 newborns were discharged....
-
A car is driving 76 miles per hour on a freeway that has lamp posts along the edge. If it takes the car 4 seconds to travel between the lamp posts, how far apart are the lamp posts spaced? Enter your...
-
In the field of healthcare, how are evidence-based practices translated into actionable guidelines for medical professionals and policymakers ?
-
What role do antigen-presenting cells play in orchestrating the adaptive immune response, and how do they contribute to immunological memory ?
-
Describe Protection of depositor's funds in the US, UK and Bahamas.
-
Is the market risk premium sufficient someone to invest in Amazon? As an investor, is that an important question to answer before you invest in Amazon during time for an uncertain market during...
-
Could you elucidate the intricate interplay between innate and adaptive immunity in mounting effective defense against pathogens and maintaining immune homeostasis?
-
a municipal securities dealer may consider all of the following in determining a fair and reasonable price for a municipal security, except: A. The best judgment of the dealer as to the value of the...
-
X-1 Find the domain of the function f(x) : x 1 2 - O (-00, -1) U (-1, ) O (-00, 1) U (1, ) O -00, -1) U (-1, 1) U (1, 0) O (- 1, 1)
-
EarthWear has a number of competitors that sell goods over the Internet. Visit the home page for any two of EarthWears competitors. For example, visit the home page for Timberland (www. timberland....
-
Management makes assertions about components of the financial statements. Match the management assertions shown in the left- hand column with the proper description of the assertion shown in the...
-
Describe the purposes of an independent engagement quality review by a quality review partner.
-
An iceberg (specific gravity 0.917) floats in the ocean (specific gravity 1.025). What percent of the volume of the iceberg is under water?
-
Obtain a photograph/image of a situation in which Archimedes's principle is important. Print this photo and write a brief paragraph that describes the situation involved.
-
A floating 40-in.-thick piece of ice sinks 1 in. with a \(500-\mathrm{lb}\) polar bear in the center of the ice. What is the area of the ice in the plane of the water level? For seawater, \(S=1.03\).
Study smarter with the SolutionInn App