A newly opened food chain estimates to serve 200 customers a day, with an aver consumption or basket size of P150. The establishment operates 25 days a month Fixed cost for operational expenses at P25,000 a month while labor and material cost is P120 per customer served. Determine if the establishment is profitable, ho much is the daily profit? How many customers per day must be served to break-even? Note: Put Final Answer in the yellow bor
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- Peter runs a small local newspaper company. He can sell a newspaper at $2. He has fixed costs of $10,000. His variable costs are $1,500 for the first thousand newspapers, $1000 for the second thousand, and then $600 for each additional thousand newspaper.Can he make profit at current market price? What is the breakeven price in this business (assuming maximum production at 10,000 newspaper)?Maximization Profit The total weekly revenue (in dollars) of the Country Workshop realized in manufacturing and selling its rolltop desks is given byR (x, y) = −0.1x2−- 0.25y2 − 0.2xy + 200x + 160ywhere x denotes the number of finished units and y denotes the number of unfinished units manufactured and sold each week. The total weekly cost attributable to the manufacture of these desks is given byC (x, y)= 100x + 70y + 4000dollars. Determine how many finished units and how many unfinished units the company should manufacture each week to maximize its profit. What is the maximum profit realizable?The Rainwater Brewery produces beer. The annual fixed cost is $150,000, and the variable cost perbarrel is $16. Price is related to demand according to the following linear equation.v -75,000 1,153.8pDevelop the nonlinear profit function for the brewery and determine the price that will max-imize profit, the optimal volume, and the maximum profit per year.
- PakPerfect Inc. estimates equation of its total costs of production as TC = 500 + 10Q + 5Q2 and market demand for its product as Qd = 105 – (1/2) P, where Q is quantity in units and P is price in Pak$. Write the equations of the firm’s costs, as a function of Q: Average Total Cost ATC Average Variable Cost AVC Average Fixed Cost AFC Given above costs can you determine what will be the firm’s production in Stage 1? What is the breakeven price and breakeven quantity for this firm? What is the shutdown price and quantity for this firm? Draw the firm’s costs in a graph as per your determination in (a). Label the breakeven and shutdown price and quantity using information in (b) and (c) above. Given the market price of Pak$ 50 how many units should the firm produce? how many firms are competing in this market in short-run? How many firms will be in the industry in the long-run? How do you interpret the profit or loss condition of PakPerfect? Use a two-panel graph of the Market and…Bavarian Crystal works designs and produces lead crystal wine decanters for export to international markets. The production manager of Bavarian crystal works estimates total and marginal production cost to be: TC= 10,000+40 Q + 0.0025Q^2 And MC equals 40+0.005Q where cost are measured in US dollars in cuteness and number of wine decanters produced annually. Because Bavarian crystal works is the only one of many Christian producers in the world market, it can sell as many of the decanters it wishes for $70 apiece. Total and marginal revenue are: TR=70 Q and MR = 70 what is the optimal level are production of wine decanters? What is a marginal revenue from the last wine decanters sold? What part of total revenue, total costs, and net benefit (profit) from selling the optimal number of wine decanters? At the optimal level of production of decanters, extra decanted can be so for $70, thereby increasing total revenue by $70. Why does the manager of the firm not produce and sell one more…A small plant manufacturing riding mowers. The plant has fixed costs (leases, insurance, etc.) of $48,524 per day and variable costs (labor, materials, etc.) of $1,335 per mower produced. The mowers are sold for $2,083 each. The resulting cost and revenue equations are y= 48,524 + 1,335 ? Cost equation ?= 2,083 ? Revenue equation where ?x is the total number of mowers produced and sold each day. The daily costs and revenue are in dollars. How many mowers must be manufactured and sold each day for the company to break even?
- A manufacturer of cassette tapes expects a fixed cost of $55,000. It plans to work onthe margin of forty-six percent of retail, and to incur other variable costs of $0.4 per cassette.The selling price per cassette is $6 dollar.i. Find the revenue, cost, and profit functions using q for a number of cassettes.ii. How much profit will be earned if 25000 cassettes are produced?iii. Construct the break-even chart. Label the cost & revenue lines, the fixed cost line, and the break-even point.The fast answer is best . Thank you. Like like like. The manufacturer of smart printers is trying to decide what price to set for its product. The demand and cost function are assumed to be as follows: P = 80 -2Q TC= 160 +50Q-1.5Q ²a. What price should the company charge if it wants to maximize its profit in the short run? What is the optimal quantity for the printer following this optimal price? b. What price should it charge if it wants to maximize its revenue in the short run? What is the optimal quantity for the printer under this price? What will be the maximum revenue?Break-Even Analysis Jesaki Publishing is planning for a new novel, and figures fixed costs (overhead, advances, promotion, copy editing, typesetting) at $65,000, and variable costs (printing, paper, binding, shipping) at $1.60 for each book produced. The book will be sold to distributors for $12 each. Answer the following questions about this venture. What is the total profit if Jesaki Publishing breaks even? $ . Round to the nearest dollar.
- Its variable cost per unit grew with the quantity generated in a break-even study. Every node in a project network must be reached through a path. Is it true or false?A manufacturer of cassette tapes expects a fixed cost of $55,000. It plans to work on margin of forty six percent of retail, and to incur other variable cost of $0.4 per cassette. Selling price of per cassette is $6 dollar. i. Find the revenue, cost, and profit functions using q for number of cassettes. ii. How much profit will be earned if 25000 cassettes are produced? iii. Construct the break-even chart. Label the cost & revenue lines, the fixed cost line and the break-even point.I need help with d and e e) Using Excel, calculate ?? and ?? for ? = 0,1,2, ... ,24. Verify that the ?? = ?? ruledetermines the same profit-maximizing output as you found in part a