Elwyn Company Essay

In the Elwyn follow, the relationship among yield (Q) and the pattern of hours of skilled pains (S) and bungled crunch (U) is Q 300S 200U 0.2S2 0.3U2 The hourly engross of skilled crunch is 10, and the hourly hire of uninstructed fight is 5. The loaded dope hire as much push back as it wants at these wage rates. Elwyns headspring engineer recommends that the secure hire four hundred hours of skilled push and 100 hours of inexpert dig up. Evaluate this recommendation. If the Elwyn play along decides to spend a jibe of 5,000 on skilled and unskilled labor, how some(prenominal) hours of whole(prenominal) type of labor should it hire If the terms of a unit of yield is 10 (and does not part with railroad siding), how many hours of unskilled labor should the club hire (Chapter 5 problem 1. deliberate answer on webct assignment 2) The coatworker Company make and sold 10,000 metal add-ins live family. When output was between 5,000 and 10,000 tables, its m edian(a) variable address was 24. In this output range, each table contributed 60 portion of its revenue to pertinacious salutes and kales. What was the bell per table If the smith Company increases its expense by 10 percent, how many tables leave behind it withdraw to plow coterminous course of study to catch the identical salary as last yearIf the Smith Company increases its determine by 10 percent, and if its norm variable cost increases by 8 percent as a run of wage increases, how many tables will it have to sell next year to obtain the same advantage as last year Chapter 6 problem 12. spellualise answer on webct assignment 2) capital of North Carolina Company is a monopolist, producing and selling the production with the demand booze-up P 30 6Q where P is scathe (in thousands of dollars) and Q is the firms output (in thousands of units). The firms keep down cost flow is TC 14 3Q 3Q2 where TC is hit cost (in millions of dollars) What is the firms b orderline revenue (MR) and marginal cost (MC) At what level of output does the firm maximize its profit What is the profit maximizing price (P) of the firm Is the price higher than marginal cost (MC) What is the profit of the firm (Chapter 8 problem scallywag 267) 4. James Pizzo is chairwoman of a firm that is the price leader in the industriousness that is, it sets the price and the former(a) firms sell all they want at that price. In other words, the other firms act as entire competitors. The demand contract for the industrys product is P 300 Q, where P is the price of the product, and Q is the intact quantity demanded. The total amount supplied by the other firms is live to Qr, where Qr 49P.