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A firm has the following benefits and costs equations: B(Q) = 450Q - 26Q² and MC(Q) = 136Q
The Q that maximum total benefit = ?
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- The decision-making process where costs and benefits are usually measured in dollars is called a(n) __________ analysis. Group of answer choices sum total quantitative aggregate cost–benefitA New York renewable energy company pays $0.18 per kilowatthour (kWh) for the first 10,000 units of electricity each month and $0.15/kWh for all remaining units. If a firm uses 25,000 kWh/month, what is its average and marginal cost?Leonard Presby, Inc., has an annual demand rate of 1,000units but can produce at an average production rate of 2,000 units. Setup cost is $10; carrying cost is $1. What is the optimalnumber of units to be produced each time?
- Why are benefit cost ratios inappropriate for evaluating alternative projects?In a modified B/C ratio:a. disbenefits and M&O costs are subtracted from benefitsb. disbenefits are subtracted from benefits, and M&O costs are added to costsc. disbenefits and M&O costs are added to costsd. disbenefits are added to costs, and M&O costs are subtracted from benefitsFor what purpose is the Benefit-cost analysis commonly used?
- A company has determined that the price and the monthly demand of one of its products are related by the equation D = √(400 − p), where p is the price per unit in dollars and D is the monthly demand. The associated fixed costs are $1,125/month, and the variable costs are $100/unit. Use this information to answer What is the optimal number of units that should be produced and sold each month? (a) 10 units (b) 15 units (c) 20 units (d) 25 units. Select the closest answer.A firm has the following benefits and costs equations: B(Q) = 450Q - 26Q² and MC(Q) = 136Q Q that max NB? The maximum net benefit is (profits)?A community public works project will cost $92,000 and will benefit five different individuals. Individual Individual Benefit ($) Individual Cost ($) 1 4,500 6,000 2 18,500 15,000 3 19,000 17,000 4 30,000 24,000 5 29,000 30,000 Does this project meet the Pareto efficiency improvement criterion? If possible, revise the cost shares to allow the project to meet the Pareto criterion and to pass a referendum. please use excel with formulas
- A farmer has 8 hectares of agricultural land. The farmer will plant the land with rice and corn. 3 tons of rice can be harvested from 1 hectare of rice field, while 4 tons of corn can be harvested from 1 hectare of corn field. This farmer wants to get a yield of no less than 30 tonnes. If the cost of planting 1 hectare of rice field is 500 thousand and the cost of planting 1 hectare of corn field is 600 thousand. Then what is the minimum cost that must be incurred by the farmer?If the variable production cost and the price of a product were both reduced by $1.00 per unit, which of the following would change? Group of answer choices break-even point in units contribution margin ratio contribution margin per unit total fixed costsThe operating budget of the Western Robotics Company was $300 million last year. If the operating budget this year is 12 percent less than last year, what is this year’s operating budget? Answer $_______ million.