3. The unit cost in peso to produce a chemically formulated product is $13 and the fixed cost is $370. The price-demand function in dollars per unit is p-70-2D. Determine the following; Determine the optimal demand of this product and confirm that profit occurs at this demand. What is the demand that will give maximum revenue of this product and how much is the total revenue? Find the demand at which breakeven occurs and the range of profitability. a.

3. The unit cost in peso to produce a chemically formulated product is $13 and the fixed cost is $370. The price-demand function in dollars per unit is p-70-2D. Determine the following; Determine the optimal demand of this product and confirm that profit occurs at this demand. What is the demand that will give maximum revenue of this product and how much is the total revenue? Find the demand at which breakeven occurs and the range of profitability. a.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 8E: Bell Greenhouses has estimated its monthly demand for potting soil to be the following: N=400+4X...

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The unit cost in peso to produce a chemically formulated product is $13 and the fixed cost is $370. The price-demand function in dollars per unit is p=70-2D. Determine the following; a. Determine the optimal demand of this product and confirm that profit occurs at this demand. b. What is the demand that will give maximum revenue of this product and how much is the total revenue? C. Find the demand at which breakeven occurs and the range of profitability.
The growth rate of the demand for coal in the world is 6 % per year. In what year will the demand be double that of 1997 ? Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
A strawberry growing company is deciding its production and sale plan for the national and international markets.The sale price for each ton of strawberry depends on the quantity offered in the market. If x1 tons is offered for the domestic market, the sale price will be (30 - x1) CU / ton, while if x2 tons is offered for the international market, the sale price will be (40 - x2) CU / ton.The cost for each ton of strawberry for the domestic market is 10 MU, while for the international market it is 15 MU.The company has the capacity to produce up to 10 tons of strawberries for sale and according to SAG restrictions, it must dedicate at least 10% of production to the international market.For technical production reasons, the company must additionally satisfy the following restriction: x12 + x22 ≤64.d) There is the option of buying new machinery to increase the production capacity of the company. In what range should the new machine increase production capacity to suit the company? How…
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Philippine Population 110M Urban Population 51.2% of PH Multi-unit Residential Population11.9% of Urban Population If usage is 2 bottles per day and each bottle is Php12.00… What is the market size (value) per quarter for bottled water for the urban population? What is the market size (units) per quarter for those living in multi-unit residential areas?
suppose an industry consists of 10 identical firms with no fixed cost and marginal cost equal to MCi = 2qi (e.g., the marginal cost of the 20th unit is $40, the marginal cost of the 200th unit is $400, etc.). Further, suppose that the market demand in the industry is P = 840 - .5Q, where Q = ∑qi is the aggregate quantity from all 10 identical firms. Finally, ignore the possibility of new entrants beyond the 10 current firms. Maintaining the same assumptions as in the prior question, suppose now that the 10 firms collude and set quantity to maximize industry profits. Assuming that the 10 firms each produce an equal amount, how much will each firm produce this collusive equilibrium? Give typed answer correctly with proper explanation ASAP
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A strawberry growing company is deciding its production and sale plan for the national and international markets.The sale price for each ton of strawberry depends on the quantity offered in the market. If x1 tons is offered for the domestic market, the sale price will be (30 - x1) CU / ton, while if x2 tons is offered for the international market, the sale price will be (40 - x2) CU / ton.The cost for each ton of strawberry for the domestic market is 10 MUs, while for the international market it is 15 MUs.The company has the capacity to produce up to 10 tons of strawberries for sale and, according to SAG restrictions, it must dedicate at least 10% of its production to the international market.For technical production reasons, the company must additionally satisfy the following restriction: x12 + x22 ≤64.a) Raise the NLP model that allows maximizing the net profit for the companyb) State the KKT conditions for the problem and indicate whether they are necessary and / or sufficient.c)…
A provincial park issues three different types of passes to its customers (bronze, silver, and gold tickets). Each pass type allows visitors to spend different times in the park and have access to different park amenities. The profit margins of the three pass types are $1.00, $3.50, and $12.00 per pass, respectively. The administrative working units required for the three pass types are estimated to be 1, 1, and 4 units, respectively. The monthly administrative working units available are 25000 units. In a typical summer month, the number of visitors was estimated to be 10,000 visitors. Accordingly, the park management decided to issue a total of 10,000 tickets for that month. Based on preliminary market research, the park management also decided to make at least 1500 bronze and 1500 silver passes available for customers. Based on this information, what is the optimal number of each pass type that the park should issue to maximize its profit? Use the simplex method to develop your…
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