ECO 550 (NEW Strayer) Week 5 Chapter 9 and Chapter 10 ProblemsChapter 9: Issues three,four,53. A research of the prices of electrical energy era for a pattern of 56 British corporations in 1946-1947 yielded the next long-run value perform:+ .003Q + .0000029Q^2 – .000046QZ – .026Z + .00018Z^2where variable value measured in pence per kilowatt-hour. (A pence was a British financial unit equal, at the moment to 2 cents U.S.)measured in thousands and thousands of kWh per yearsize, measured in hundreds of kilowattsA. Decide the long-run variable value perform for electrical energy era.B. Decide the long-run marginal value perform for electrical energy era.C. Holding plant measurement fixed at 150,000 kilowatts, decide the short-run common variable value and marginal value features for electrical energy era.D. For a plant measurement equal to 150,000 kilowatts, decide the output stage that minimizes short-run common variable prices.E. Decide the short-run common variable value and marginal value on the output stage obtained in Half (D).four. Assuming that every one different components stay unchanged, decide how a firmâs breakeven level is affected by every of the next:A. The agency finds it crucial to cut back the worth per unit due to aggressive situations available in the market.B. The firmâs direct labor prices improve on account of a brand new labor contract.C. The Occupational Security and Well being Administration requires the agency to put in new ventilating gear in its plant. (Assume that this motion has no impact on employee product5. Cool-Aire Company manufactures a line of room air conditioner. Its break even gross sales stage is 33,000 models. Gross sales are roughly usually distributed. Anticipated gross sales subsequent yr are 40,000 models with a normal deviation of four,000 models.A. Decide the likelihood that Cool-Aire will incur an working loss.B. Decide the likelihood that Cool-Aire will function above its break-even level.Chapter 10: Issues 2,6,102. Tv channel working earnings range from excessive as 45 to 55 % at MTV and Nickelodon right down to 12 to 18 % to NBC and ABC. Present a Porter 5 Forces evaluation of every kind of community. Why is MTV so worthwhile relative to main networks?6. Assume that a agency is a wonderfully aggressive trade has the next whole value scheduleOutputs (models)Whole Value ($)10$11015$15020$18025$22530$30035$38540$480A. Calculate a marginal value and a median value schedule for the agency.B. If the prevailing advertising and marketing worth is $17 per unit, what number of models will likely be produced and bought? What are the earnings per unit? What are the whole earnings?C. Is the trade in long-run equilibrium at this worth?10. Which of the next services and products are prone to encounter opposed choice issues: golf shirts at touring professional tournaments, licensed gem stones from Tiffanyâs commencement reward journey packages, or mail-order auto elements? Why or why not?