A company has cost and revenue functions, in dollars, given by C(q) = 6000 + 10g and R(q) – 12q . (a) Find the cost and revenue if the company produces 500 units. Does the company make a profit? What about 5000 units? Enter the exact answers. The cost of producing 500 units is $ The revenue if the company produces 500 units is $ | Thus, the company a profit. The cost of producing 5000 units is $ The revenue if the company produces 5000 units is s Thus, the company a profit. (b) Find the break-even point. Enter the exact answer. The break-even point is |units. Which of the following illustrates the break-even point graphically? 50000 R(g) C(q) 40000 30000 20000 10000 1000 2000 3000 4000 5000 50000 40000 30000 - 20000 10000 R(g) C(g) 1000 2000 3000 4000 5000

Q: The profit function of a company is P(x) =x*-x³ + 3025 x², the output that maximizes the profit is…

A: A firm's main objective is always to maximize its profit. The firm maximizes its profit by producing…

Q: Find total cost if average cost is $11 and the output is 24 units

A: Average Cost (AC): - it is the average value of total cost incurred on a specific unite of output.…

Q: Cost minimization when output is unknown an total costs are known. A factory that you are managing…

A: Given information: Q = 2K0.5L0.5 ----------> Production function…

Q: Adam operates a factory that produces beach towels. His current level of output equals 1000 towels…

A: Average total cost is referred to as the sum total of all production costs divided by the total…

Q: A company that manufactures bicycles has a fixed cost of $100,000. It costs $100 to produce each…

A: The cost function is a summation of the fixed and the variable cost involved in producing one unit…

Q: A firm manufacture robots, for which $10000 machinary is used. The additional per unit cost is $100.…

A: Fixed cost of production  = $10000 Variable costs  of production = $100 Number of units produced = 5

Q: If fixed cost decreases to $16,000, does this change the production decision of the airline in the…

A: There are two types of costs, one is fixed and other is variable.Fixed cost does not depend on…

Q: If short run total costs are 2q2 + 50q + 50, and output is 15, average variable costs will be 80.…

A: Given; Total cost; TC=2q2+50q+50 Formula to calculate average variable cost:-…

Q: As a production process requires labor L and capital K, q = F (L, K). The wage for a labor is $500,…

A: The optimal level of labor and capital is given by the point where the marginal rate of technical…

Q: Find the marginal cost, if TC is 4+2Q

A: The provided total cost function is: 4+2Q

Q: Suppose a firm is producing 1,000 units of output. Its average fixed costs are $100. Its average…

A:

Q: Calbee spent $100 to make 10 face shields. Calculate the average fixed cost of each face shield if…

A: Given  Total Cost = $100 Quantity = 10 units  Total Variable Cost = $50   Total Cost = Total Fixed…

Q: One of the components of direct cost of construction projects is equipment cost where a contractor…

A: The cost of rented or owned construction equipment, as well as the costs of fuel, loading,…

Q: The cost of producing 5-gallon water bottles is given by C(q) = 0.005q2 + 2q + 1000. If 2000…

A: Total costs, C(q) = 0.005q2 + 2q + 1000. Quantity = 2000 units

Q: A printer quotes a price of $7, 500 for printing 1,000 copies of a book and $15, 000 for printing…

A: Cost for printing 1500 Copies = Cost for Printing 2500 Copies - Cost for Printing 1000 Copies  =…

Q: Exercises 47-50 describe a number of business ventures. For each exercise, a. Write the cost…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: A firm estimates its production function as Q = 2.4 + 30*L -.5*L2 + 30*K -1.00*K2 + 15*F -.3*F2.…

A: Q = 2.4 + 30*L -.5*L2 + 30*K -1.00*K2 + 15*F -.3*F2. Total cost is TC = $2.5*L + $2*K + $.75*F. w =…

Q: If a firm's total costs are $100 when 10 units of output are produced and $103 when 11 units of…

A: Marginal cost is the additional cost incurred with an additional unit produced.

Q: If average cost is increasing over a range , it should be the case that a) marginal cost is smaller…

A: When MC < ATC, in this range ATC is decreasing. When MC > ATC, in this range ATC is…

Q: 1.  It costs $25,000 to build 30 refrigerators. It costs $30,000 to build 40 refrigerators.…

A: Cost: It is the value of goods and services in terms of money.

Q: If the fixed cost of producing output Y is P150,000, variable cost is P300 per unit and the price of…

A: Introduction Fixed cost = P 150,000 Variable cost = P 300 per unit Price = P 600 per unit Production…

Q: As a production process requires labor L and capital K, q = F (L, K). The wage for a labor is $500,…

A: Given that Production function: q = F(K, L) Wage for a labor, w = $500, Cost for one capital, v =…

Q: Consider the following cost function: C(Q) = 1000+0.1Q I| Calculate total costs when Q=100 O 1,001…

A: Total cost function shows the relationship between cost and output produced. To determine cost at a…

Q: What is MC(y) for cost function c(y) = y3? Input prices are taken as constants.

A: Marginal cost measures the change in total cost with an additional unit of production.

Q: The total cost function for a product is given by C(x) = 3x3-9x² -243x + 1229, where x is the number…

A: Given cost function C(X)=3X3-9X2-243X+1229TC should be 50000 at least

Q: Break-Even Point The break-even point for a company is where costs equal revenues. Therefore the…

A: In short run, each and every firm focus to recover variable cost and ready to bear fixed cost .

Q: Each of Davisson's production managers (annual salary cost, $45,000) can oversee 60,000 machine…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: When the production volume (Q)is(100)units the total costs (TC)is (1500)omani RIyals and fixed costs…

A: Total cost TC = 1500 Fixed cost FC = 900 Quantity Q = 100

Q: A technology firm has determined that their lowest total cost production technology is $880. If…

A: The lowest total cost of production technology is $880 The machines cost is $100 The company has…

Q: The total cost of producing mobile phones can be represented by TC = 60 +6q The MC of the 4th mobile…

A: Marginal cost: Marginal Cost at 4th unit = TC at 3rd unit - TC at 4th unit MC = TCn-TCn-1

Q: If TC = 108 + 20Q + 3Q2 , what level of Q generates the minimum average cost? Enter as a value

A:

Q: As a production process requires labor L and capital K, q = F (L, K). The wage for a labor is $500,…

A: Cost is minimized when isoquant is tangent to the isocost line. The isoquant Q = 100 is tangent to…

Q: 1a) Suppose a firm’s TC = 50Q.75. What is Marginal Cost for the 100th unit of production? Use a…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: If the accounting profit in an economy is $42 billion and the implicit cost is $29 billion find the…

A:

Q: You are the owner of a small company that makes laptops at the price of $550. Your variable cost of…

A: The number of laptops can be found by equating price and the cost of producing laptops. We will find…

Q: m estimates its production function as Q = 2.4 + 30*L -.5*L2 + 30*K -1.00*K2 + 15*F -.3*F2. Total…

A: Q= -2.4 + 20L - 0.5L2 + 30 K - K2 + 15F - 0.3F2 TC = 2L + 2.5K + 1.75F w = 2, r = 2.5, f=1.75 (the…

Q: The total cost of producing mobile phones can be represented by TC = 50 +2q. The MC of the 5th…

A: Following are the given values:  Total Cost = 50 + 2q Maginal Cost = ?

Q: If you know that with 8 units of output, average fixed cost is $30 and average variable cost is $80,…

A: Average Fixed cost (AFC) is the fixed cost per unit of output. Average Variable cost(AVC) is the…

Q: Profit from Sale of Pagers A division of Chapman Corporation manufactures a pager. The weekly fixed…

A: Profit can be defined as the total revenue in excess of the total cost. The total revenue is the…

Q: Assume: A firm pays $500 for a unit of capital. This capital generates $500 of total revenue. The…

A: Explicit cost is fixed and variable costs of making a decision. Implicit cost is the opportunity…

Q: A manufacturer estimates that its product can be produced at a total cost of C(x) = 55,000 + 100x +…

A: The profit is maximized where the MR=MC.

Q: A company finds that it can sell out a certain product that it produces, at the rate of Tk. 2 per…

A: Given: Price at which quantity sold = 2 TC= (1000 + 250) = 1250

Q: Total Cost = C(x) = 0,005x^3 - 0,49x Lnx +5x Find : a. Average Cost Function b. Average Cost…

A: Average cost (AC) = C(x) / x AC = 0.005x2 - 0.49 Lnx + 5

Q: profit-maximizing rule

A: The Total Revenue (TR) is generated after selling all the output in the market. The Total Cost (TC)…

Q: A firm earns normal profit Selected Answer: c. when explicit costs equal implicit costs. Answers: a.…

A:

Q: d. Show that the cost function is non-decreasing in w,r and q.

A: Cost function is non- decreasing in w, r and q

Q: c) Graph P. d) Use your graph of P to estimate the number of panels that give maximum profit. e) How…

A: "Since you have posted a question with multiple sub-parts, we will solve the first three subparts…

Q: The MARGINAL cost (in dollars) for a certain product is given by C'(x) = 18x + 3 . If the overhead…

A: Total cost of production is the cost expenditure incurred on the the production of the good or the…

Q: Assume that it costs a company approximately C(x) = 400,000 + 180x + 0.001x2 dollars to manufacture…

A: Answer: Given, Cost function: Cx=400,000+180x+0.001x2 (a). To find the marginal cost function let us…

Q: The inventory cost C of stocking a lot of size x is given by the function C(x)=8.1x+5,000x−1+675.…

A:

Cost of Production

The entire idea of the cost of production or production cost is applied corresponding, or we can say that it is related to monetary cost. Money cost refers to any money expenditure which the firm or supplier, or producer undertakes in purchasing or hiring factor of production or factor services.