6) Suppose the demand function for a product is p = 14 + 2q and the supply function for a product is p= 8+3q where p is in dollars and q is the number of units. Find the tax t that maximizes the tax revenue T and find the maximum tax revenue.

Q: 1. Teddy J is a manufacturer of dish washing liquid . If his monthly demand function for 750ml size…

A: Since not a particular question asked as per guidelines solution to only first question i.e Q1 is…

Q: 3. The demand curve of the firm is p=1200-21q and its total cost is c(q)=2q^3 - 66q^2 + 600q +1000…

A:

Q: (a) Suppose a Firm produce output using the production function Q-5KL. Wage rate for hiring labor…

A: As per Bartleby's answering policy, we can answer only one question, so kindly post the other…

Q: Suppose that a company needs 1,800,000 items during a year and that preparation for each production…

A:

Q: 2. a.) What comhination of goods rand y should a firm produce to minimize costs when the joint cost…

A:

Q: Suppose a firm's cost function is given by C(w), wz, y) = Kufw-"y where w, and y denote the price of…

A: Given that,  Firm's cost function;  Cw1,w2,y=kw1aw21-ayb                                         (1)…

Q: A firm's demand function for a good is given by D: P= 100-2Q and their total cost function is given…

A: Given that, Demand Function, P=100-2Q Cost Function, TC=300+8Q

Q: 5. Suppose that the inverse demand and inverse supply functions are pp = 10- 2x and ps = 4 + 2√x,…

A: Given that the inverse demand and inverse supply functions are pD=10-0.2x and pS=4+0.2x, where x is…

Q: A manufacture has been selling 1000 television sets a week at $480 each. A market survey indicates…

A:

Q: Suppose that for a product in a competitive market the demand function is p = 1200 - 2x and the…

A: Given: Demand(p)= 1200 - 2x Supply(p) = 200 + 2x Cost(C(x)) = 12000x +50 + x.

Q: Suppose that a company needs 1,800,000 items during a year and that preparation for each production…

A:

Q: e that a company needs 1,200,000 items during a year and that preparation for each production run…

A: Demand for the item during a year , D=12,00,000. Set up costs per order, K = $500 Holding cost per…

Q: If the demand curve for a particular commodity is p = −0.09x + 51 and thetotal cost function C(x) =…

A:

Q: Suppose the demand for a product is given by 2p3q = 500,000p2 where p is price in dollars and q is…

A:

Q: The weekly demand for the Pulsar 40-in. high-definition television is given by the demand equation p…

A:

Q: Suppose the demand functions facing a wireless telephone monopolist are Q£ = 80 – 200P for each…

A: Solution Given that

Q: Suppose the supply curve for a certain brand of smartwatches is given by q = 0.06p + 255 and the…

A: Given: The supply curve of a certain brand of smart watches is q = 0.06 p + 255. The demand curve is…

Q: 4) If the demand function for a fixed period of time is p = 3000–6g and the supply function before…

A: Let p be the price per unit in dollars and q be the number of units. The demand function is given by…

Q: If, in a monopoly market, the demand for a product is p = 175 - 0.50x and the revenue function is R…

A: Given that, the demand price of a product, p=175-0.5x We know that, revenue function, Rx=px   ,…

Q: 5. Suppose that the inverse demand and inverse supply functions are pp = 10- 2x and ps = 4 + .2√x,…

A:

Q: The marginal revenue function of a company is MR = 6x2 – 40x +50, then the %3D | demand function is…

A: Marginal revenue is increase in revenue generated as a result of sale of one extra unit.

Q: A manufacturer can produce at most 110 units of a certain product each year. The demand equation…

A: Demand equation for the product, p=q2-100q+2400 and the average-cost function is c=23q2-45q+10000q…

Q: (3) The demand curve of a firm is p=1200-21lq and its total cost is C(q) = 2q – 66q² + 600q+1000…

A: According to our guidelines we are supposed to do only first three subparts of the given question .…

Q: The monthly demand function for x units of a product sold by a monopoly is p = 5,900 – x dollars,…

A: Since you have posted a question with multiple sub parts. We will solve the first three sub parts…

Q: Suppose that a manufacturer produces two brands of a product, brand 1 and brand 2. Suppose the…

A:

Q: A process consists of 3 resources. Assume there exists unlimited demand for produ Resource 1 has a…

A: As per the given data, Processing time of resource 1 = 6 minutes per unit Processing time of…

Q: A commodity has a demand function modeled by  p = 108 − 0.5x  and a total cost function modeled by…

A:

Q: Suppose that one factory inputs its goods from two different plants, A and B, with different costs,…

A:

Q: Nyameye Company Limited is a new business established to produce blocks (in units). The demand…

A: For relative maximum or minimum To maximize or minimize  a function f(x) 1st we need to find its…

Q: Assume that the production of 1 unit of magnesium requires 0.4 units of magnesium and 0.4 units of…

A: First construct a matrix A,

Q: Suppose that a company needs 1,800,000 items during a year and that preparation for each production…

A: The preparation for production costs $500. The cost of producing 1 item is $24 to produce each item…

Q: A demand function for a product is P = 100 – 2.2Q and its supply function is P = 2.8Q, where P is…

A:

Q: A. suppose this firm can practice perfect price discrimination. How much does it produce? If the…

A: Answer:----.                    Date:----18/10/2021   In case of perfect price discrimination, the…

Q: The consumer demand curve for Professor Stefan Schwarzenegger's dumbbells is given by q=(84-2p)^2,…

A:

Q: The monthly demand function for x units of a product sold by a monopoly is p = 5,700 – x² dollars,…

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

Q: 1. When a company prices its training seminar at $395 per person, 1,010 people will attend. For each…

A: given initial condition as:when price per person i.e. x = $395then revenue R(x) = 395*1010 Now from…

Q: Suppose that a company needs 1,200,000 items during a year and that preparation for each production…

A: Consider the provided statement. The preparation for production costs $500. The cost of producing…

Q: A small business assumes that the demand function for one of its new products can be modeled by  p =…

A:

Q: Suppose a firm's revenue function is given as R(Q) = 1200Q- Q? and their cost function is C(Q) = Q3…

A: Given: R(Q)=1200Q-Q2C(Q)=Q3-61.25Q2+1528.5Q+2000 To maximize the firm's profit.

Q: A game console manufacturer determines that in order to sell x units, the price per one unit (in…

A: The price per one unit (in dollars) is Total revenue function is Total cost function is The…

Q: A firm manufactures a commodity at two different factories, Factory X and Factory Y. The total cost…

A: A)

Q: Suppose that a manufacturer produces two brands of a product, brand 1 and brand 2. Suppose the…

A:

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: 5. If the demand function of a good is P = J(1000 - 4Q) find the value of O which maximises total…

A: Topic = Algebra

Q: Suppose a company has fixed costs of $32,000 and variable cost per unit of 1/3x + 444 dollars,where…

A: It is given that,

Q: function for a product is p = 140 − 0.40x and the revenue function is R = px, where x is the…

A:

Q: Suppose the demand functions faced by the monopolist firm are as follows: Q1 = 40 -2P1 + P2 Q2 =…

A:

Q: 3. The inverse demand function for a commodity is given by p = 41 -0.33q and the cost of producing…

A: Given the inverse demand function is p=41-0.33q Let revenue function is Rq. So, Rq=pqRq=41q-0.33q2…

Q: in a monopoly market, the demand function for a product is p = 115 − 0.10x and the revenue function…

A:

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.