class exercise

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Pharmacist a Purchase pharmacy $ 200,000 Capital Saving $ 20,000 Loan $ 80,000 Expenses Supplies $ 80,000 Hire Help $ 40,000 Rent $ 10,000 Utilities $ 5,000 Interest $ 8,000 Explicit Cost $ 143,000 Business Profit $ 57,000 Implicit Cost Another Pharmacist $ 40,000 Interest from Saving $ 2,000 $ 42,000 Economic Profit $ 15,000 b Revenue di Tahun ke 3 Economic Profit =0 ### c FRICTIONAL THEORY OF PROFIT d Sell at the end of 3rd years loss 50000 than the original valu yr1 15000 yr2 15000 yr3 -35000 ###

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No. 15 Ch1 Hal 33Pharmacist$30,000

aPurchase pharmacy$200,000CapitalSaving$20,000Loan$80,000

ExpensesSupplies$80,000Hire Help$40,000Rent$10,000Utilities$5,000Interest$8,000Explicit Cost$143,000Business Profit$57,000

Implicit CostAnother Pharmacist$40,000Interest from Saving$2,000$42,000

Economic Profit$15,000bRevenue di Tahun ke 3 Economic Profit =0$185,000

cFRICTIONAL THEORY OF PROFITdSell at the end of 3rd years loss 50000 than the original valueyr115000yr215000yr3-35000$1,372.57

BAB42a=100000-100*C7+2000*D7+50*E7+30*F7-1000*G7+3*H7+40000*I7jk Pc naik satu unit, maka Qc naik 100 unitJk N naik satu unit, maka Qc naik 2000 unitjk I naik satu unit, maka Qc naik 50 unit2bdollarmillionQcPcNIPfPgAPi900,000$9,000$200$10,000$8,00080$200,00012cQcPc1800000.000.01500000.00$3,0001200000.00$6,000900000.00$9,000600000.00$12,000300000.00$15,0000.00$18,00011Short LongPrice Elasticity0.461.89Ep = Delta Q/ Delta Pchanges in price10%10%Delta Q = Ep * Delta Pchanges in Q-4.6%-18.9%

jk harga naik, deman akan turun, jika price naik 10% dengan elasticity 0.46, maka demand akan turun 4.6%, maka angkanya menjadi -4.6% dan -18.9%

Income Elasticity0.50.5changes in price10%10%changes in Q5.0%5.0%

Income naik, demand naik, sehingga tandanya positif yaitu +5%

Cross price Elasticity-0.7-0.7changes in price10%10%changes in Q-7.0%-7.0%

dalam crossprice, negative adalah complement, sehingga jika crossprice naik, maka demand pasti turun, sehingga angkanya negative => -7%jika barang complement, harga naik, demand dia pasti ikut turunJika barang substitusi, harga barang naik, maka demand barang kita pasti ikut naikNett Effect-6.6%-20.9%Dengan perubahan itu secara jangka pendek demand akan turun hanya 6.6% sementara untuk long run akan turun lebih banyak lagi 20.9% (declining demand)12Ep2change in steel price6.0%delta Qp-12%Ei1increase income4%delta Qi4%Exy1.5change in alum price-2%delta xy-3%(X = Steel , Y= Alumunium)-11%

Sales This Year1,200Sales Next Year1,068

change in steel price that keep the sales number -- using solver : 0.5%sales akan naik 1% jika dia tidak merubah harga, karena kapasitas pabrik terbatas untuk memaintain demand 1200 maka harga dinaikkan 1%delta P = delta Q / Ep(Delta Q tanpa ada perubahan harga adalah Delta Qi ditambah delta Qxy)delta P = 1% / 2 = 1/2to keep steel sales @1,200 tons --> using Goal SeekEp2change in steel price0.5%delta Qp-1%Ei1increase income4%delta Qi4%Exy1.5change in alum price-2%delta xy-3%(X = Steel , Y= Alumunium)0%Sales This Year1,200Sales Next Year1,200

No. 2 - hal 354COST PRODUCTION TABLE

QMCAFCAVCATCFCVCTC00000300301203020503020502101515303030603211017273051814377.52229.530881185626303630150180

No. 15 - hal 357Q0123456789101112MC60392415121524396087120159204AVC60494033282524252833404960TC1601381201069690889096106120138160Price60606060606060606060606060TR060120180240300360420480540600660720Phi-160-78074144210272330384434480522560640012800

Sheet2Joint Pharmacist :Revenue200,000.00

Expilicit CostInterestERROR:#REF!Supplies80,000.00Hired Help40,000.00Rent10,000.00Utilities5,000.00TotalERROR:#REF!

nO. 3 - HAL 354PassengersRevenueFCVCTCOvernight13026,000.003,000.0023,200.0026,200.00(200.00)Regular12024,000.003,000.0022,000.0025,000.00(1,000.00)