Problem 7-37 (algorithmic) the new england cheese company produces two cheese spreads by blending mild cheddar cheese with extra sharp cheddar cheese. the cheese spreads are packaged in 12-ounce containers, which are then sold to distributors throughout the northeast. the regular blend contains 65% mild cheddar and 35% extra sharp, and the zesty blend contains 75% mild cheddar and 25% extra sharp. this year, a local dairy cooperative offered to provide up to 8100 pounds of mild cheddar cheese for $1.30 per pound and up to 3500 pounds of extra sharp cheddar cheese for $1.50 per pound. the cost to blend and package the cheese spreads, excluding the cost of the cheese, is $0.30 per container. if each container of regular is sold for $1.80 and each container of zesty is sold for $2.10, how many containers of regular and zesty should new england cheese produce? do not round your interim computations. if required, round your answers to the nearest whole number.

Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the company’s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firm’s costs increase, and lower the price whenever a firm’s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do

Complete the sentences. upper a decrease in current income taxes the supply of loanable funds today because it a. decreases; increases disposable income, which decreases saving b. has no effect on; doesn't change expected future disposable income c. decreases; decreases expected future disposable income d. increases; increases disposable income, which encourages greater saving upper a decrease in expected future income a. increases the supply of loanable funds today because households with smaller expected future income will save more today b. has no effect on the supply of loanable funds c. decreases the supply of loanable funds because it decreases wealth d. decreases the supply of loanable funds today because households with smaller expected future income will save less today

Why do police officers get paid less than professional baseball players?