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Category > Economics Posted 10 Jun 2017 My Price 7.00

An entrepreneur plans to convert a building she owns into a video-game

  1. An entrepreneur plans to convert a building she owns into a video-game arcade. Her main decision is how many games to purchase for the arcade. From survey information, she projects total revenue per year as R = 10,000Q - 200Q 2 , where Q is the number of games. The cost for each game (leasing, electricity, maintenance, and so on) is $4,000 per year. The entrepreneur will run the arcade, but instead of paying herself a salary, she will collect profits. She has received offers of $100,000 to sell

 

 

her building and a $20,000 offer to manage a rival’s arcade. She recognizes that a normal return on a risky investment such as the arcade is 20 percent.

  1. As a profit maximizer, how many games should she order?

  2. What is her economic profit?

Answers

Alpha Geek
(8)
Status NEW Posted 10 Jun 2017 10:06 AM My Price 7.00

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Attachments

file 1497089525-1227213_1_636326530664678188_Economic-Profit.xlsx preview (225 words )
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