Ec Conomics

Revenue Versus profit maximization on weekends during summer months, Eric Cartman rents fountain skis at the beach on an hourly basis. Last week, rentals supply out to 15 hours per day when Cartman raised the price to $55 per hour. development these two price-output combinations, the relevant linear demand and bare(a) revenue curves can be estimated as ???????????????????????????????????????????????????????????, Eric Cartman ??????????????????????????????????? ????????????????????? 15 ?????????????????? Cartman ??????????? $ 55 ?????????? ??????????????????????????, ?????????????????????????????????????????????????????????????????????????? A. ????????????????????????????????? ?????????????????????????????????????????? ????????????????????? $ 30 ????????????????????????????????????????????????????????? TC B. ?????????????????????????????????????????????????????????????????????????????? A. foreshadow the revenue-maximizing price-output combination. How much are these maxi mal revenues ? If marginal cost is $30 per hour, calculate profits at this bodily process direct, assuming TC B.

reason the increasing price-output combination along with revenues and profits at this activity level Demand Estimation and Forecasting. (1) Wilpen Company, a price-setting firm, produces nearly 80% of all lawn lawn tennis balls purchased in the United States. Wilpen estimates the U.S. demand for its tennis balls by using the following linear specification: Q = a + bP + cM + dPR Where Q is the number of cans of tennis balls sold quarterly, P is the wholesale price Wilpen charges f or a can of tennis balls, M is the c! onsumers average household income, and PR is the average price of tennis rackets. The regression results are as follows: DEPENDENT VARIABLE: Q|  | R-SQUARE| F-RATIO|  | P-VALUE ON F|  | OBSERVATIONS: 20|  | 0.8435|  | 28.75|  | 0.001|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |...If you want to get a near essay, order it on our website: OrderCustomPaper.com

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