As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes before you learn how strong demand is for homes in this large neighborhood. There is a 60 percent chance of low demand and a 40 percent chance of high demand. The corresponding (inverse) demand functions for these two scenarios are P = 300,000 – 400Q and P = 500,000 – 275Q, respectively. Your cost function is C(Q) = 140,000 + 240,000Q. How many new homes should you build, and what profits can you expect?

Answers

Answer 1

The number of new houses that will be built is 200 while the profit is $13860000.

From the information given, the expected demand function will be:

= 60% × (300000 - 400Q) + 40% × (500000 - 275Q)

= 380000 - 350Q

Therefore, P = 380000 - 350Q

Since profit is the difference between the revenue and cost. This will be:

= (380000 - 350Q) × Q - (140000 + 240000Q)

Therefore, maximizing the profit will be:

380000 - 350 × 2Q - 240000 = Q

Q = 200

Therefore, profit will be:

= (380000 - 350Q) × Q - (140000 + 240000Q)

= (380000 - 350 × 200) × 200 - (140000 + 240000 × 200)

= 13,860,000

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Related Questions

Teams have better communication than other workers because they get to ______. a. Know each other better b. Attend communication seminars c. Earn extra benefits packages d. Use better telephones Please select the best answer from the choices provided A B C D

Answers

Answer:

a. Know each other better

Explanation:

A team refers to a group of people or set of individuals possessing various skill set, knowledge and experience coming together to work on a project or task in order to successfully achieve a set goal and objective.

This ultimately implies that, a team comprises of individuals, workers or employees having complementary skills, knowledge and experience needed to execute a project or task successfully. Therefore, a worker that is working in a team is usually privileged to interact with the other members of the team and as a result, this enhances performance and strengthen the level of relationship they share.

Hence, teams have better communication than other workers because they get to know each other better in the course of brainstorming, interaction and sharing of ideas while trying to accomplish a common goal or execute a project (task).

Answer:

a is the answer!

Explanation:

A variable can be called or referenced before it has been defined.
O True
O False

Answers

Answer:

True.

Explanation:

Select all that apply
Items listed in the interests/activities section of a résumé are used to:

exemplify you are active
exemplify you are well rounded
exemplify you are intelligent
exemplify you are committed

Answers

Answer: exemplify you are well rounded

Explanation:

Items listed in the interests/activities section of a résumé are used to exemplify you are well rounded.

The essence of listing your interests or hobbies is to show the recruiting officer that one is well rounded and fits the particular position.

This part of the resume also makes one stand out or unique from others and can be used to complement ones academic qualifications.

what is a pumpkin bug

Answers

Answer:

The botanical name for squash bugs is Anasa tristis. This bug is very common in the USA and gets its common name from the fact that it is attracted to and lays its eggs on squash, as well as pumpkin plants. I've also seen the bugs on cucumber plants and other curcubits such as melons.

Explanation:

Depending on a person's _____, he or she may be held to a higher standard of care.

place of residence
personality
wealth
profession

Answers

I believe it’s Profession

You own a roofing company the roofers are replacing shingles on a house it takes 7/8 of 50 pound box of nailes to install shingles on 1/4 of the roof how many boxes of nails will the company need to install shingles on the entire roof

Answers

Answer:

3.5 boxes

Explanation:

If that is what it takes to install shingles on 1/4 of the roof then we would need to multiply this amount by 4 to find out how many boxes it would take to complete the entire roof, since 4 times 1/4 would equal 4/4 which represents the entire roof.

7/8 * 4 = 3.5 boxes of nails

Finally, after completing this calculation we can see that it would take the company 3.5 of 50 pound box of nails to complete the entire roof, that would mean a total of

3.5 * 50 = 175 pounds of nails

Demand for a good will MOST likely decrease when
A
there are many substitutes for it.
B
the price of it decreases.
C
consumer income rises by ten percent.
D
retailers sell out of the product.

Answers

Answer:

A. There are many substitutes for it.
I’d Definitely say A.

If a door to door salesman refuses to leave your front doorstep unless you buy a vacuum, this is a contract that can be invalidated because it was created under accusation. True or false

Answers

Answer: False

Explanation:

The above statement is false because it was not created under accusation. According to the question, the buyer wasn't accused of anything.

Rather, the contract can be invalidated because the contact was created under duress. The buyer was forced to buy it and was under duress as the seller refused to leave his house. Therefore, the contact can be invalidated.

.
Lena thinks someone has stolen her identity. She isn’t sure if she should place a fraud alert on her credit report. She doesn’t understand anything about fraud alerts. What true statement could you teach Lena to help her make a more informed decision?

A fraud alert prevents anyone from viewing your credit report.

A fraud alert can stop anyone from opening any new accounts in your name.

When filing a fraud alert, you must first pay for a credit report.

To place a fraud alert, you must contact all three credit reporting agencies.

Answers

Answer:

A fraud alert prevents anyone from viewing your credit report

A fraud alert prevents anyone from viewing the credit report is the  true statement could you teach Lena to help her make a more informed decision. Thus, option A is correct.

What is credit report?

A credit history is a credit record of a borrower's timely debt repayment. A credit report is a record of a borrower's credit history obtained from a variety of sources, such as banks, credit card companies, collection agencies, and governments.

A credit score is essentially a summary of your credit history, whereas your credit report contains all the specifics of the financial history. The credit report will delve much deeper into your lending history, allowing the lender to examine how a person handled borrowed funds.

Therefore, option A is correct.

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Enright Industrial Leasing has effective control processes, allowing its managers to discover ______ in bookkeeping right away, before a would-be embezzler could seriously affect its business.

Answers

irregularities and errors

Explanation:

Due to its efficient control procedures, Enright Industrial Leasing's managers are able to identify abnormalities and bookkeeping mistakes as soon as they arise, preventing a potential embezzler from negatively impacting the company's operations.

What is bookkeeping?

Accounting in businesses and other organizations involves the recording of financial transactions, which is known as bookkeeping. It entails putting together the original paperwork for all corporate operations, transactions, and other occurrences.

A person, a business, or a corporation may engage in transactions such as buying, selling, receiving, and paying money. The single-entry and double-entry bookkeeping systems are two of the widely accepted techniques for keeping financial records.

Despite the fact that some people might consider this to be "genuine" bookkeeping, any procedure for documenting financial transactions qualifies as bookkeeping.

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Need help answer this question please help me

Answers

Answer:

 b). 4 and 14 units

Explanation:

The equilibrium point is the intersection of demand and supply curves. It is a condition of no excess or shortage in supply or demand in the market. At equilibrium, the quantity demand matches the quantity supplied.

At the equilibrium situation, buyers are willing to purchase the quantity supplied at the stated price. It implies both suppliers and buyers are happy with the current supply and price.

Asset sales, Usage fees, Brokerage frees, and advertising are all ___?
Types of businesses
sources of business revenue
Subscriptions
All of the above

Answers

Answer:

sources of business revenue

Explanation:

Revenue is the money a business gets from its normal trading activities.  It is the income a business obtains through the sales of goods and services to customers. Revenue includes discounts received and purchase returns.

The sale of an asset is revenue to a business because it will receive money from the transaction. Usage fees, Brokerage fees, and advertising are money that businesses receive for offering services.

Eyan is giving a seminar on environmental conservation efforts in a local factory. Which qualities is Eyan using when writing and presenting his seminar? leadership, supervising, and teaching skills critical-thinking skills and knowledge of environmental regulations communication skills and physical strength knowledge of machines and responsibility in operating heavy equipment

Answers

Answer: critical-thinking skills and knowledge of environmental regulations

Explanation:

Since Eyan is giving a seminar on environmental conservation efforts in a local factory, the quality that Eyan is using when writing and presenting his seminar will be critical-thinking skills and knowledge of environmental regulations.

Eyan should possess critical thinking skill as he should be able to think clearly and at the same time should also have knowledge of environmental regulations.

Answer:

critical-thinking skills and knowledge of environmental regulation

Explanation:

It's below me

The function f(x) = 2,000(1 + )12t models the balance in a savings account.

The savings account had an initial balance of _ and compounds
_ at an interest rate of _

Answers

? wat class this for

Answer:

In the exponential function f(x) = P(1 + )nt :

P = principal value

r = the annual interest rate

n = number of compounding periods in a year

t = time in years

For the given function, P = 2,000, r = 0.0225, or 2.25%, and n = 12. So, the interest compounds 12 times a year, or monthly.

Therefore, the savings account had an initial balance of $2,000 and compounds monthly at an interest rate of 2.25%.

Explanation:

Explanation from PLATO

Which education and qualifications would a high-level National Security Officer most likely need? Check all that apply.

design skills
customer-service skills
leadership skills
bachelor’s degree
discipline
high school degree

Answers

The education and qualifications that a high-level National Security Officer would most likely need are :

leadership skillsbachelor’s degreediscipline

Becoming a National Security Officer

Through a competitive, national, merit-based annual competition, successful applicants distinguish themselves as highly motivated in their academic and career goals and in their strong commitment to public service. In return for support, award recipients agree to work in qualifying national security positions for at least one year.

Thus, the education and qualifications that a high-level National Security Officer would most likely need are :

leadership skillsbachelor’s degreediscipline

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Answer:here's the answer for this question

Explanation:edge2023

Which of the following documents thanks the interviewer and restates the applicant’s interest in the job?
a.
Cover letter
b.
Acceptance letter
c.
Thank-you letter
d.
Rejection letter

Answers

Answer:

c

thank you letterr.........

Answer:

C

Explanation:

I took the test

41. You own 25% of Unique Vacations, Inc. You have decided to retire and want to sell your shares in this closely held, all equity firm. The other shareholders have agreed to have the firm borrow $1.5 million to purchase your 1,000 shares of stock. What is the total value of this firm today if you ignore taxes? A. $4.8 million b. $5.1 million c. $5.4 million d. $5.7 million e. $6.0 million

Answers

Answer:

e. $6.0 million

Explanation:

The computation of the total value of the firm is shown below:

The Value of the firm is

= Amount borrowed ÷ ownership percentage

= $1,500,000 ÷ 0.25

= $6,000,000

Hence, the total value of the firm is $6,000,000

Therefore the correct option is e.

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

Ilene rents her second home for the entire year. During the year, Ilene reported a net loss of $10,700 from the rental. If Ilene is an active participant in the rental and her AGI is $142,500, how much of the loss can she deduct against ordinary income in the year?

Answers

Answer:

$3,750

Explanation:

(142,500-100000)*50% = 21,250

25,000-21,250 = $3,750

Ilene can claim a deduction up to a maximum limit of $3,750 against her ordinary income for that financial year, in case of meeting with the above conditions.

What is deduction?

Deduction refers to as the amount which a person can claim as being exempt from tax during the year in which a person is liable to pay taxes as such. There is a capacity of standard deduction of $100,000 for a year.

Deduction in the above case will be half of the amount left after considering a standard deduction from the AGI will be $21,250. Now, maximum allowed deduction will be deducted from an amount of $25,000.

This can be calculated as,

[tex]\rm Deduction= Maximum\ Allowed\ Limit- Actual\ Liability\\\\\rm Deduction= 25000 - 21250\\\\\rm Deduction=\$3750[/tex]

Hence, the significance of deduction is aforementioned.

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Which of the following is a source of insurance? *

Answers

Answer:

Court ruling

Regulations

Measures that you would take to minimize landslides in your locality.​

Answers

Answer:

There are also various direct methods of preventing landslides; these include modifying slope geometry, using chemical agents to reinforce slope material, installing structures such as piles and retaining walls, grouting rock joints and fissures, diverting debris pathways, and rerouting surface and underwater drainage.

PLEASE MARK ME AS BRAINLIEST

How are logical operators used?
To identify and correct errors
O To make decisions
O To determine a problem
O To create a plan

Answers

Answer:

To identify and correct errors

Explanation:

Jessica is currently a freshman in college who wants to work for the Health, Safety, and Environmental Management
career pathway. Which best describes the path she should take to give her the typical education for her goal?

Answers

Answer:

The answer is A.

Explanation:

I did it on the unit test on Egde 2020.

Answer:

Jessica should get her bachelor's degree and try to intern with a brownfield redevelopment specialist.

Explanation:

or C for short.

distinguish between regional level and national level employment giving adequate example​

Answers

I don’t get it umm maybe try explaining it more

Which type of communication is usually handwritten?
A.
a business letter
B.
a memorandum
C.
a note
D.
an email
E.
a résumé

Answers

Answer:

C. a note

Explanation:

Notes are informal handwritten messages.

A note is a type of communication is usually handwritten. Thus, the correct option is C.

What is communication?

Communication is the process of exchanging information, ideas, or messages between individuals or groups through various means, such as speech, writing, body language, or technology.

The sender is the person who initiates the communication and encodes the message, while the receiver is the person who receives and decodes the message. The medium is the channel through which the message is transmitted, such as speech, writing, or electronic devices.

Feedback is the response or reaction of the receiver to the message, which helps to ensure that the communication is understood and effective.

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What grade are y’all in ? So I can give some advice ! Middle school or high school ?

Answers

Answer:

Im in middle school, 7th grade

Explanation:

Some advice would be great :)

What does a good credit history do for consumers?
A. It helps them reduce their housing costs.
B. It allows them to get debit cards,
C. It makes it easier for them to get loans.
D. It keeps prices low.
SUBMIT

Answers

Answer:

C. It makes it easier for them to get loans.

Explanation:

Credit history shows how reliable a borrower is in repaying loans. A good credit history indicates that a person pays their debts on time.  A customer with a good credit history manages their income and debts properly and is considered a low-risk borrower.

Lenders are always willing to offer credit facilities to customers with a good credit history. They view them as less likely to default on their debts.

Write a short paragraph of two or three sentences describing the benefits of sending a cover letter along with your résumé.

Answers

Answer:

Some benefits of sending a cover letter along with your resume includes, Recruiters will see who put the work in. Your resume is factual, your  cover letter is personal. It demonstrate your interest. Show you've done your research. Give them a taste of who you are. These are benefits for sending in your cover letter along with your resume.

Explanation:

It is NOT the sample response, no need to alter it I made it myself. Hope this helps

Employers are more likely to view your resume if one include a cover letter with it.

Define resume and cover letter.

The facts — whom, what, where, and how – are stated in a resume. A cover letter allows you to show why you are qualified for the position.

Employers are more likely to view your resume if one include a cover letter with it.

The cover letter provides personalized information and the resume is factual.

Your cover letter should convey your enthusiasm.

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write and explain any five relation between market and entrepreneurship skills​

Answers

Answer:

A great entrepreneur must be able to effectively communicate, sell, focus, learn, and strategize.

An ability to continuously learn is not just a key entrepreneurial skill, but also a very valuable life skill.

Growing a business requires a sound strategy based on inherent business sense and skills.

It’s in the picture pleaseee I need this today

Answers

Answer:

Can you please post a clearer picture

Explanation:

If you can I might be able to help.

When a strong unity of command is present, employes are assigned to more than one manager.
True
False

Answers

Answer:

The correct option is;

False

Explanation:

Unity of command is the organizational arrangement, whereby all employee assigned to a particular department answer to their line manager, and vice, versa, the line manager directs the activities of all employees within his department to perform the tasks of the organizational engagement or projects for which the department is in responsible.

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