Winter 2011
1. A topical anaesthetic brewpub which has been running a profitable business since opening, over epoch they  purchased a new 50 membranophone system to prepare beer as the business wanted to begin selling yield to local stores and businesses for retail in addition to their inside eating house beer sales. The cost of obtaining the 50 barrel system was about $50,000.  subsequently selling beer to local businesses and distributors for about one year, the restaurateur came to the realization they were losing money on the business venture and that the profitable brewpub was routine into an unprofitable attempt at being a deal beer producer.  The owner then spent about $7,000 placing advertisements in newspapers and business deal magazines offering to sell the brew equipment for $45,000.  The owner has a rest offer for the repurchase  of the equipment for $40,000 at the supply store the brewing equipment was purchased at.  After a long wait, the business owner eventually received one offer to purchase the 50 barrel system for $41,000.  What is your opinion of the business owners decisions?  Would you commend that  the $41,000 offer be accepted?
2. A sozzled sells its proceeds in a competitive market where other firms post $150 per unit.
 The firms cost function is c(q) = 40 + 4q + (1/2)q2 (the cost curve represents economic costs).
a. How much output should the firm produce in the SR?
b. What price should the firm nominate in the SR?
c. What are the firms short(p) run profits?
d. What adjustments should be anticipated in the LR?
3. diagram the following situations using both total and per-unit(average, marginal) cost and tax curves.
a. A competitive firm producing output but minimizing SR disadvantage
b. A monopoly firm producing its LR profit maximizing output and do a profit
c. A competitive firm in the SR with greater than normal profit
d. A monopoly operating but minimizing loss in the SR
4. Complete the revenue and costs data in the...If you want to get a full essay, order it on our website: Orderessay
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