Use the matrix above to answer the following questions. Does Wide Awake have a dominant strategy? If so, what is it? Does Zuma have a dominant strategy? If so, what is it? If the two firms decide to cooperate, what prices will they select?
Read DetailsEXTRA CREDIT Number of Workers Output (boxes) Marginal Product of Labor Office Rent (dollars) Labor Cost (dollars) Total Cost (dollars) 0 0 — 1 220 400 200 2 250 800 3 680 4 160 1,200 5 940 1,000 6 980 1,600 37) Suzette’s Fancy Packaging subcontracts with Sunshineland Pecans to box dried fruit and nuts for Suzette’s mail order business. Suzette rents space for her factory for $400 a week in a nearby strip mall. She can hire temporary workers for $200 a week. The table above shows her output and cost data. a) In the last week of summer, Suzette closes her business to go on a family vacation. What are her costs during that week? b) In one week, Suzette exactly breaks even. If her revenue for the week is $1200, how many boxes of fruit and nuts did she produce?
Read DetailsSubmit as Question 15 on Crowdmark I want to enclose a rectangular garden that is feet by feet and has area . I will use wooden fencing on three side and metal fencing on one side, as shown in the figure below. The wooden fencing costs per foot, and the metal fencing costs per foot. For all parts, make sure to clearly label your final answers so that they are easy to find on the page. You do not need to simplify your answers. (A) Write an expression for the total cost, , in terms of and . (B) Rewrite the cost in terms of only , and find the domain of . (C) Find the dimensions, and , of the garden with the lowest cost. Justify that this gives the absolute minimum cost using the first derivative test or the second derivative test.
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