A company that sells beef to consumers and producers of beef jerky. The firm's demand function D and marginal revenue function in market 1 (consumer market) and market 2 (factory market) are: Q1=40- P1 and MR1 = 40 - 20Q1 Q2= 50 - 2P2 and MR2= 25-Q2 . The total cost function of the company is: TC = 100 + 8Q a. Draw the figure to show: The firm's demand curve D, MR, MC. b. Output maximizes profit. How will the firm distribute output across markets to maximize profits with third-degree pseudo-discrimination?

Q: Find the marginal revenue function for the total revenue function given by 1 TR(Q) = 500Q- Find the…

A: a)TR(Q)=500Q-13Q3Now,MR=∂TR∂QMR=∂(500Q-13Q3)∂QMR=500-33Q3-1MR=500-Q2

Q: A two-product firm faces the following demand and cost functions: Qi = 40 – 2P, - P2 (0) Find the…

A:

Q: There are 10 identical firms in a perfectly competitive market. Each firm has a total cost function…

A: We have been given TC = 50 + q2 Qd = 200 - 5P

Q: firm faces the following average revenue (demand) curve: P = 100 - 0.01Q where Q is weekly…

A: Given the information: Demand curve, P = 100 - 0.01Q Cost function, C = 50Q + 30000

Q: A firm faces the following average revenue (demand) curve: P= 130 - 0.02Q where Q is weekly…

A: Firm maximizes profit by producing at a point where marginal revenue is equal to marginal cost

Q: Assume a firm's supply function for a good is given by the following expression: qs (p) = p−10…

A: qs (p) = p−10…

Q: For a company with (inverse) demand function P = 4,510 - 55Q and cost function C = 88,000 + 660Q,…

A: P=4510-55Q C=88000+660Q Total Revenue=PQ TR=(4510-55Q)Q TR=4510Q-55Q2 Maximizing TR  :…

Q: Glowglobes are produced by identical firms in a perfectly competitive market. Each firm's Total Cost…

A: A perfect market, sometimes known as an atomistic market, is characterized by numerous idealizing…

Q: The total revenue curve of a firm is R (q) = 40q - 12q2 and its average cost A(q) = 1/30q2 - 12.85q…

A: Total revenue, R (q) = 40q - 12q2  Average cost, A(q) = 1/30q2 - 12.85q +20 + 400/q

Q: given by R(q)=−5q^2+800q , where R(q)is in dollars and qq is units sold. Find a numeric value for…

A: Marginal revenue is the additional revenue earned with an  extra unit sold.

Q: SANUMARC produces fingerlings for sell. The quantity x (kg) of these fingerlings demanded each week…

A:

Q: The Lumins Lamp Company, a producer of old-style oil lamps, estimated the following demand function…

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

Q: Consider a computer hardware production firm with total cost function TC = 2200+480Q+20Q2, and…

A: TC = 2200 + 480q + 20q2 Qd = 190 – 2P MC = dTC/dQ = 480 + 40q AC = TC/q = 2200/q + 480 + 20q…

Q: A firm employs a Cobb-Douglas production function of the form Y = K04L04. The output price is P and…

A: Profit maximization is one of the key goals of all firms operating in a market. Profit is the…

Q: C = 250,000 + 40Q + 0.01Q2, and market demand function: P = 940 – 0.02Q            (a) Determine…

A: Total cost function represents the total cost as the sum of the fixed costs and the variable costs…

Q: The total revenue curve of a firm is R (q) = 40q - 12q2 and its average cost A(q) = 1/30q2 - 12.85q…

A: Total revenue, R (q) = 40q - 12q2  Average cost, A(q) = 1/30q2 - 12.85q +20 + 400/q

Q: A firm's demand function is given by p = 234 - 5q, where p and q denote the price and quantity,…

A: Revenue function can be calculated from the demand function  Total revenue = Price * quantity

Q: Given the following total revenue (TR) and total cost (TC) functions for a firm, write down the…

A: Answer: Profit = TR - TC At Q=20 the profit will be maximum.

Q: 10) Find the marginal and average functions for the following total functions and graph the results.…

A: Total Cost Function C = 3Q2 + 7Q +12 Marginal Cost Marginal cost tell us the cost of producing one…

Q: he total revenue curve of a firm is R(q)=40q−12q and its average cost A(q)=130q−12.85q+20…

A: Hi, thank you for the question. As per our Honor code, we are allowed to attempt only first 3 sub…

Q: A firm has the following demand and average total cost functions: Q = 30 − P ATC =7/Q− 6 +1/2Q…

A: The total revenue of a firm is the total payment it receives from the sale of goods and services.…

Q: A producer faces a fixed cost of Rs. 50 and a variable cost Rs. 5 per unit of output when he…

A: According to question, given that the fixed cost faced by the producer is Rs.50 and variable cost…

Q: A firm has the following revenue and cost functions. TR = 60 Q – Q2 TC = 1 2 Q2 +30 Q + 30 Determine…

A: Total business profits are maximum when the difference between business revenue and production cost…

Q: A company has two products, and the following demand functions p1 = 100-2q1 + q2 p2 = 75 +2q1 -q2…

A: Profit = Total Revenue - Total Cost Total Revenue = p1*q1 + p2q2

Q: A donut shp has a fixed cost of $92000 per day and a varibale cost of $2 for each donut produced. If…

A: Fixed cost per day is $92000 Variable cost for each donut is $2 Price for each donut is $5 For…

Q: Suppose the short-run cost function of a perfectly competitive firm is:  C(q)= 193/8q - 1/2q2+…

A: According to the question given that the short run cost function as C(q) = 193/8q - ½ q^2 + ⅔ q^3 +…

Q: The manager of a company has determined that the cost function for the production can be described…

A: Revenue=Price×QuantityMarginal Cost=dCdQAverage Cost=CQ

Q: A firm's demand function is given by p 234 - 5q, where p and q denote the price and quantity,…

A: Given  Demand function p=234-5q          .....(1) Where p and q denote the price and quantity…

Q: The total revenue curve of a firm is R (q) = 40q - 12q2 and its average cost A(q) = 1/30q2 - 12.85q…

A: Total revenue, R (q) = 40q - 12q2  Average cost, A(q) = 1/30q2 - 12.85q +20 + 400/q

Q: The Berber Corporation's total cost function is 200 9Q + 3Q2 TC MC 9+6Q where TC is the total cost…

A: Solution - Given in the question -TC = 200 +9Q + 3Q2...............(1)MC  =  9  + 6Q…

Q: Consider a firm with a total cost function TC = q^2 + 20q + 225. a) In a diagram, measuring quantity…

A: TC is the total  cost of production of an economy. It is made up of variable cost. While MC is the…

Q: The total revenue curve of a firm is R(q) = 40q − 12q2 and its average cost A(q) = 1/30 q2 − 12.85q…

A: R(q) = 40q − 12q2  A(q) = 1/30 q2 − 12.85q + 20 + 400/q Total cost = A(q) * q

Q: Keep in mind that the formula for a firm's cost function is: TC = FC + C(Q) TC → Total Costs: FC →…

A: Firm A: TCA = 2Q Firm B TCB = 10 + 2Q  Production- maximum quantity of 80,000 units in ten batches…

Q: PakMonoG’s inverse demand function is P = 100 – 2Q and cost function is TC = 10 + 2Q, where Q is…

A: Given; Demand function; P=100-2Q Cost function; TC=10+2Q where; Q= quantity in units P= price in PKR

Q: A paint store sells 270 pails of paint per month at a price of $32 each. A customer survey indicates…

A:

Q: A producer faces a fixed cost of Rs. 50 and a variable cost Rs. 5 per unit of output when he…

A: A producer faces a fixed cost = Rs. 50 Variable cost = Rs. 5 per unit of output.  Total cost= fixed…

Q: A firm has a short-run total cost function given as STC =q³5q² + 25q. a. If P = 100, identify the…

A: Answer; a)   Profit maximising quantity , q = 15   Profit = 1125   b)   Profit…

Q: The total cost function is C(q) = q³ – 59q² + 315q + 200 and the revenue function is R(q) = 1000q –…

A: The total cost of production refers to the monetary value of inputs used by the firm in the…

Q: oods in pure competition and has the following total revenue and total cost functions: TR = P1Q1 +…

A: Given: TR = P1Q1 + P2Q2  TC = 2Q12 + Q1Q2 +2Q22 Where, P1 = 12 and P2 = 18.

Q: Economists who study production of goods by a firm consider two functions. The revenue function R(x)…

A: Cost function It is the function that represents the different costs at a different level of…

Q: If the marginal revenue in dollars per unit for a month is given by MR= −0.04x + 36, find the total…

A: Total revenue (TR) function can be derived by using the following formula.

Q: Suppose the marginal cost and marginal revenue (in ¢000) for a product produced by a company is…

A: Given: MC=q+35 (in ¢000)  MR=560+22q−q2 (in ¢000)

Q: Glowglobes are produced by identical firms in a perfectly competitive market. Each firm's Total Cost…

A: TC=404+19q+q2 MC=19+2q Q=316-P or, P= 316-Q P = $86

Q: A firm faces the following average revenue (demand) curve: P = 100 - 0.01Q where Q is weekly…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: The marginal revenue function for a manufacturer's is a of form (a)/(e^(q)+b) where a and b are…

A: he marginal revenue function for a manufacturer's is a of form (a)/(e^(q)+b) where a and b are…