We are here with you hands in hands to facilitate your learning & don't appreciate the idea of copying or replicating solutions. Read More>>
+ Link For Assignments, GDBs & Online Quizzes Solution
+ Link For Past Papers, Solved MCQs, Short Notes & More
Dear Students! Share your Assignments / GDBs / Quizzes files as you receive in your LMS, So it can be discussed/solved timely. Add Discussion
How to Add New Discussion in Study Group ? Step By Step Guide Click Here.
ECO404 Managerial Economics Assignment No. 2 Solution Fall 2015 Due Date February 09, 2016
ECO404 - Managerial Economics Assignment No. 2 Solution Fall 2015 Due Date February 09, 2016
SEMESTER FALL 2015
MANAGERIAL ECONOMICS (ECO404)
ASSIGNMENT NO. 02
Feb 9, 2016
PROBLEM # 1:
Maximize Profit (ð) = 14X + 9Y
Subject to the following constraints:
4X + 2Y + SA = 30
1X + 1Y + SB = 20
3Y + SC = 31
The corner points are given as:
Corner points X Y
PROBLEM # 2:
The Water and Power Development Authority (WAPDA) has recently published the following estimates of demand and supply relations for electricity:
D = 70,000 - 20,000P
S = 30,000P
price/output combination that will maximize profits for cartel members. (Note: As a cartel, industry MR=P=3.5 - 0.0001Q and MC=P=0.00003Q)
(Marks: 2.5 + 2.5)
PROBLEM # 3:
Following diagram shows the short run price and output determination under monopoly.
From the above diagram indicate profit maximizing output level, market price and average
cost at that level..
(Marks: 2 + 3)
24 hours extra / grace period after the due date usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience
OTHER IMPORTANT INSTRUCTIONS:
? Make sure to upload the solution file before the due date on VULMS.
? Any submission made via email after the due date will not be accepted.
? Use the font style “Times New Roman” or “Arial” and font size “12”.
? It is advised to compose your document in MS-Word format.
? You may also compose your assignment in Open Office format.
? Use black and blue font colors only.
RULES FOR MARKING
Please note that your assignment will not be marked if,
? It is submitted after the due date.
? The file you uploaded does not open or is corrupt.
? It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint, PDF etc.
? It is cheated or copied from other students, internet, books, journals etc.
Note related to load shedding: Please be proactive
As you know that Post Mid-Term semester activities have started and load shedding problem is also prevailing in our country. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date. For your convenience; activity schedule has already been uploaded on VULMS for the current semester, therefore no excuse will be entertained after due date of assignments, quizzes or GDBs.
Best of Luck!
.+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)
+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)+ Click Here to Search (Looking For something at vustudents.ning.com?) + Click Here To Join (Our facebook study Group)
Please Discuss here about this assignment.Thanks
Our main purpose here discussion not just Solution
We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions.
koi discussion to start karo yar...
assignment ki samjh e nai aa rahi...
Dear Students Don’t wait for solution post your problems here and discuss ... after discussion a perfect solution will come in a result. So, Start it now, replies here give your comments according to your knowledge and understandings....
Please share the idea solution
Maximize Profit (ð) = 14X + 9Y
how to find x and y value any one can help ?
es dfa kese ny solutionnahi btaya
ghult bat hy. humein yahan pur to hel milni chahy speacily economics ky liy to
My solutions are as under
Corner Point X Y 14X+9Y Profit
A 6 0 14(6)+9(0) 84
Profit maximizing point is B
P = 1.4
Q = 42,000
Q = 26,923
P = 0.8077
Maximizing output level = 500
market price = $11
average cost = $8
Please let me know whether these are correct answers or or or or ???????
1st to correct hai , second and third ksy solve kia apny ?
2nd question kis lecture say hai ? please tell me
30,000P = 70,000-20,000P
30,000P+20,000P = 70,000
P = 1.4
With P=7 we can find the quantity demanded and the quantity supplied at the equilibrium price/output combination.
y=25 kaise aya?