Assignment Week Two: apply paradoxs Bobbi Triolo Bus 640: managerial Economics Dr. Brownfield 1/15/2012 Applied Problems 2 Problem #2: A regression is a statistical abbreviation assessing the association mingled with both variables (easycalculation.com). The problem given below is to realize the lacking variable or tot up which pull up stakes show how these two equations argon associated. The marginal monetary cherish function for reducing mien pollution thru installing redundant equipment is MC=40P. P = 1 unit of pollution in the mines. The marginal revenue attach for 1 unit of pollution is MR=1,000- 10P. How much pollution simplification should the company take? If MC=MR, you need to solve for P 40P + 10P = 1,000 50P=1,000 P=20 unitsThats how much pollution decline the company should take. Problem #4: 21st Century Electronics is having a problem with theft. Using the put off provided, we can answer the questions regarding how the numerate of credentials cautions affects the number of radios world stolen. a. If separately security guard get $ two 100 a week and the apostrophize of a radio is $25, the blotto should hire 2 security guards. The cerebration is not to go across more in security than what you ar already losing from the theft. b.
If the appeal of a stolen radio is $25, the most the firm should spend on the first security guard is $500. If with no guards 50 radios atomic number 18 stolen, and with the first guard only 30 are stolen, Applied Problems 3 50-30=20. 20 radios at $25 each is $500. againyou dont requirement to spend m! ore than what you are losing in the stolen property. c. If each guard is paid $200 and the cost of a stolen radio is $50, the firm should hire 3 guards. In all the above questions, you would want to multiply the number of radios stolen by the cost of the radios. If you already know the weekly cost of the security officer is $200, you just need to make accredited you are not spending more than what you are losing already is...If you want to get a full essay, order it on our website: OrderCustomPaper.com
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