14. A shop which sells T- shirts has a demand function and a total cost function given by the equations: P = 240 – 10 Q and TC = 120 + 8 Q. Write down the equations for TR and Profit. Write down equation for MR and MC. Calculate the number of T- shirts which must be sold to maximize profit and Revenue. c)

Q: The campus store sells dessert, Sobolo drink and Brukina drink. The Sobolo cost GH₵1.90 and the…

A: Cost of Sobolo drink is GH₵1.90 and and Brukina drink cost is GH₵2.25. Selling price is Sobolo drink…

Q: A video game company finds the daily total cost of producing 450 games is $37,400. It also finds…

A:

Q: The demand equation for the Cold Spot compact refrigerator is 2x + 7p – 1760 = 0, where x is the…

A: The demand equation 2x + 7p – 1760 = 0 The supply equation  3x – 56p + 2680 = 0

Q: A company undertakes both construction of new houses and also the repair and renovation of old…

A: According to the given information, For part (a): Let x be the value of all new construction work…

Q: Assume that the production of 1 unit of magnesium requires 0.6 units of magnesium and 0.2 units of…

A: Given that, The production of 1 unit of magnesium requires 0.6 units of magnesium and 0.2 units of…

Q: (b) The demand curve for a swivel chair is given by p 4000(3ª) dollars per swivel chair, where p is…

A:

Q: The State of Maryland is considering a requirement that for every ton of CO2 produced by out-…

A:

Q: a price of $31.75, producers will provide 8 items, while at a price of $45.75, they will provide 24…

A:

Q: (b) The demand curve for a swivel chair is given by p 4000(3") dollars per swivel chair, where p is…

A:

Q: A study of a country's colleges and universities resulted in the demand equation q = 20,000 – 2p,…

A:

Q: the demand function for a commodity is given by the equation p2 + 12q = 1800 and the supply…

A:

Q: A study of a country's colleges and universities resulted in the demand equation q = 20,000 − 2p,…

A:

Q: A company manufacturs two different products, A and B .Each unit of product A costs $6 to produce,…

A: Let x units of product A and y units of product B be produced. According to the question, Each unit…

Q: If the demand function for a commodity is given by the equation  p2 + 16q = 1800  and the supply…

A: If the demand function for a commodity is given by the equation p2 + 16q = 1800 and the supply…

Q: Your company manufactures two models of stereo speakers, the Ultra Mini and the Big Stack. Demand…

A:

Q: A firm operates with the production function Q = K2L Q is the number of units of output per day…

A:

Q: A plant can manufacture 40 tennis racket per day for a total daily cost of $3,500 and 22 tennis…

A: Given: A plant can manufacture 40 tennis racket per day for a total daily cost of $3,500 and 22…

Q: If the demand function for a commodity is given by the equation p2 + 8q = 1400 and the supply…

A: Given: p2 + 8q = 1400  500 − p2 + 10q = 0,

Q: The State of Maryland is considering a requirement that for every ton of CO2 produced by out-…

A:

Q: The cost per unit of producing a product is 60 + 0.2x dollars, where x represents the number of…

A:

Q: A firm has an average cost function 125 q2 A(q)= q +16−4. Write an equation for the total cost…

A: Consider the given average cost function as Aq=125q+q216-4. Since the average cost of q units is Aq,…

Q: A person on a special diet requires at least 100 units of protein and at most 24 units of…

A:

Q: A study of a country's colleges and universities resulted in the demand equation q = 20,000 – 2p,…

A: Given:     Demand equation q=20,000-2p                                   qd=20,000-2p…

Q: The supply function for a product is 2p − q − 10 = 0, while the demand function for the same…

A: The supply function is given by                   2p - q - 10 = 0 and The demand function is given…

Q: A video game company finds the daily total cost of producing 375 games is $36,300. It also finds…

A: The profit is calculated by subtracting the total cost from the total revenue. The linear equation…

Q: The water-supply manager for a Midwest city needs to supply the city with at least 10 million gal of…

A: We will construct a linear programming problem according to the given informations and will solve it…

Q: A monopolistic producer of two goods, G1 and G2, has a total cost function TC = 5Q, + 10Q2 where Q,…

A:

Q: A manufacturer of refrgerators must ship at least 100 rotrigerators to its two warehouses Each…

A:

Q: The water-supply manager for a Midwestern city needs to supply the city with at least 11 million…

A: Given, Manager needs to supply the city with at least 11 million gallons of potable water per day.…

Q: A study of a country's colleges and universities resulted in the demand equation q = 20,000 − 2p,…

A:

Q: A firm has 2 plants with different functions: - Plant 1: MC = 30 + Q - Plant 2: MC = 20 + 2Q How to…

A: Let us take the outputs of plant1 as Q1 and outputs of plant 2 as Q2.  Then the required marginal…

Q: A company operates two plants which manufacture the same item and whose total cost functions are C1…

A: As we know Revenue is price multiplied by the demand so

Q: (b) The demand curve for a swivel chair is given by p= 4000(3ª) dollars per swivel chair, where p is…

A: NOTE: Refresh your page if you can't see any equations. . here we have p=256.6

Q: Find the production schedule that satisfies an external demand for 10 units of magnesium and 20…

A: We using the formula that relates the technology matrix and demand matrix.

Q: the supply and demand functions for a commodity are given by  4p − q = 54and (p + 2)q = 1,400,…

A:

Q: contains 90 IU of vitamin A, 3 mg of vitamin B1, and 5 mg of vitamin C, and pill 2, which contains…

A: Since you have asked multiple questions,we will solve the first question for you.If you want any…

Q: A company has determined that the price and the monthly demand of one of its products are related by…

A:

Q: 6. Suppose a certain commodity has supply equation p 8x+25 and demand equation p=-x- 2x+100, where x…

A: 6. Given: Where x is the quantity measured in thousands of units.

Q: A commodity has a demand function modeled by p = 107 − 0.5x and a total cost function modeled by C =…

A: We use second derivative test to find out unit price where profit maximum

Q: If the demand function for a commodity is given by the equation p² + 5q = 200 and the supply…

A: In this problem we have to solve the both equations. So please find hand written solution.

Q: Heinrich is a manufacturing engineer with the Miller Company. He has determined the costs of…

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Q: Suppose a furniture builder has two models of a bookcase: standard and artisan. The standard model…

A: Given x=number of standard modely = number of artisan model

Q: The supply and demand for a product are given by  2p − q = 50 and pq = 1500 + 20q,  respectively.…

A:

Q: A manufacturer is planning to sell a total of 300 machines to both foreign and domestic firms. The…

A: Solution : a)  Total Revenue from domestic market, =900-6x+2y5x Total Revenue from foreign market,…

Q: If the demand function is P = 74 – Qå and the supply function is P = (Q, + 2)². Calculate the…

A: Explanation: Given that, Demand & supply functions:                      In case of equilibrium…

Q: Suppose a company has fixed costs of $57,600 and variable costs of 4 9 x + 222 dollars per unit,…

A: Given that, Fixed cost =$57600 Variable cost =49x+222 Selling price =2054-59x

Q: 4. Assume that consumers value a high quality piece of furniture at 5000 and a bad quality one at…

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Q: A study of a country's colleges and universities resulted in the demand equation q = 20,000 − 2p,…

A:

Q: If the demand function for a commodity is given by the equation p^2 + 4q = 2800 and the supply…

A: Given information: The demand function for a commodity is p2 + 4q = 2800. The supply function for a…