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A firm’s cost equation is given by TC = 200 + 10Q. The
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- If the marginal cost to make a good is $181 and the price elasticity of demand is -8, what price should be charged via the optimal markup rule? Enter as a value (round to two decimal places if necessary).A firm faces a demand function (where q=quantity demanded and p=price): q = 200 – 2p and a total cost (TC) function (where q=output): TC = 1/2 q^2+20q+375 Find break-even point when TR=TCA firm operates two plants. The total cost schedules for the respective plants are TC1 = 5*Q1 + .1*Q12 and TC2= 2*Q2 + .1*Q22. The firm’s demand schedule is Q = 160 – 10*P. What is the profit maximizing price for the firm
- A firm faces a demand function (where q=quantity demanded and p=price): q = 200 – 2p and a total cost (TC) function (where q=output): TC =0.5q2 + 20q +375 Find the firm’s profit maximizing output level using the profit maximizing condition MR = MCA firm operates two plants. The total cost schedules for the respective plants are TC1 = 5*Q1 + .1*Q12 and TC2= 2*Q2 + .1*Q22. The firm’s demand schedule is Q = 160 – 10*P. What is the profit maximizing profit for the firmA company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500 per day when producing 15 sinks. The company has a daily demand function of q = 360 − p, where q is the number if laundry sinks demanded and p is te price of a laundry sink. (e) What is the maximum profit?
- A company is able to sell two products ,X and Y with demand function: PX=52-2X PY=20-3Y THE TOTAL COST FUNCTION FOR THE COMPANY IS TC=10+3X2+2Y2+2XY determine the profit maximizing levels of output for x and y and the level of profitQuestion 1a A firm faces the following average revenue (demand) curve: P(Q) = 240 - 0.04 Q where Q is the weekly production and P(Q) is the price, measured in cents per unit. The firm's cost function is given by TC(Q)=120Q+50000. Assume that the firm maximises profit. i) What is the profit maximization quantity and price. ii) What is the total profit per week?Suppose a manager is faced with the following demand curve for a new software application in a monopoly market, Q = 200 - 50P and the short run total cost function is TC = 2Q + Q2 / 30 If the manager is able to maximize the firms' profit in this monopoly market, what is the total profit value?