Q: A manufacturer's total cost equation per day is given by the equation TC = 440 + 4q+,0001Q². If each…
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Q: Company XYZ produces and sells scientific calculators. The company is currently producing and…
A: Change in profit can eb calculated by using the following formula.
Q: A manufacturer's total cost equation per day is given by the equation TC = 440 +4q+,00010². If each…
A: Given : Total Cost = 440+4q+0.0001Q2 Price = 10-0.0004Q
Q: pharmaceutical company faces the following demand function for one of its products in the American…
A: Price Elasticity of Demand = % change in quantity ÷ % change in price % change in quantity =…
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A: The given information: Fixed cost is $200,000 Sales volume of a company is $450,000
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A: The cost function is a summation of the fixed and the variable cost involved in producing one unit…
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A: Total RevenueTR=Price×Quantity Profit = TR-TC Given, TC=10+8Q1+Q2 Total Revenue from the Retail…
Q: The demand and cost function for a company are estimated to be as follows: P = 100 - 80Q TC = 50…
A: definitions: Demand function: The demand function represents the connection between the amount…
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A: According to, the breakeven quantity is the number of additional units sold to pay the cost of a…
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A: Thank you for the question. As per BNED, we can answer 3 subparts per session. To get the answer for…
Q: The revenue function R(x) and the cost function C(x) for a particular product are given. These…
A: We have been given that : R(X) = 200x - x2 C(X) = 5x + 7250
Q: The fixed costs for a company are $1,596.00 per month, and their variable cost per unit is $3.20.…
A: Fixed cost = 1596 MC = 3.20
Q: Profit Analysis Unendo, is a large computer game manufacturer. They have estimated that the demand…
A: p=89-0.05q C(q)=26q+5000 MC=26
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A: According to the above-mentioned question, we are given that:- Total revenue = $840 Output = 32…
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A: total cost (TC) is found by integrating the MC as TC is the antiderivative of MC. C'(x) = 0.0006x2 −…
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Q: Fixed cost V [ Choose ] all costs that are incurred over the life of a product, process, or service…
A: The sum of all costs spent by a firm in achieving a given level of production is known as total cost…
Q: Total fixed cost is 90, complete the following table: Output (Units). MC 10 20 15 AVC () -
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A: Answer: Given, Fixed cost (FC)=$100,000Variable cost per unit (VC)=$6.75 per unitPrice of disc…
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A: Profit is the difference between total revenue and total cost. Total cost is the expenditure that is…
Q: Solve this attachment.
A: Given:Fixed cost=7500 OMRVariable cost=500 OMRTotal Cost=Total cost+Variable costTotal…
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A: Total revenue is the multiplication of price and quantity demanded. Total revenue is maximized at a…
Q: The revenue function R(x) and the cost function C(x) for a particular product are given. These…
A: The total revenue function shows the revenue a firm is able to generate when it sells different…
Q: The CDE Co. manufactures widgets which it sells for $9.00 each. The variable cost of each unit is…
A: Break - even quantity is the number of units that the firm needs to sell to cover the cost of…
Q: Pearl Ltd. intends to manufacture and market mechanical weighing scales. Their research department…
A: Given information; x = 6200 - 50p C = 7400 + 70x Where x is the number of scales that can be sold at…
Q: What will be the accounting profit of the firm if the total revenue is $1020 and the explicit cost…
A: The information being given is :- Total revenue of the firm = $1020 Explicit cost = $350 We have to…
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A: Data for the plastic material firm is:- Total revenue = $5800 Explicit cost = $1250 Accounting…
Q: Suppose you are the manager of a fim The accounting department has provided cost estimates Analyze…
A: Profit is revenue minus cost i.e., Profit = Revenue - Cost At break-even quantity, profit is zero…
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A: In the question above, it is given that : A manufacturing firm maintains one assembly line to…
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A: The solution to the following problem is as follows:
Q: the firm faces additional shipping costs. In particular, it incurs a per unit cost of 10 for…
A: The firm produces various goods and services and charges a price. The firm would result in incurring…
Q: TransTech sells its product for $100. Marginal cost is a constant $80 per unit and fixed costs are…
A: Break-Even Quantity = Fixed Cost / (Sales Price - Variable Cost)
Q: A company is planning to manufacture computer desks. The fixed cost will be $60,000 and it will cost…
A: Given information: Fixed cost of production= $60,000 Cost per unit = $200 Selling price = $450
Q: Cal Tech Inc. manufactures video games for "The Play Station III". Variable costs are estimated to…
A: GIVEN Q = 1,000 - 4P 4P = 1,000 - Q P = 250 - 0.25Q
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A: A profit function is a mathematical relationship between a firm's total profit and output. It equals…
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A: Transfer price: The prices of goods or services that are exchanged between different companies under…
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Q: The marginal cost function is given as:- MC = 7Q2 - 80 The quantity is given as 6 units Calculate…
A: According to the cost we are given with the marginal cost function of the firm which is:- MC = 7Q2 -…
Q: The estimated short-run cost function of a Japanese beer manufacturer is C(q) = 0.8g1.8, 500 At what…
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Q: he estimated short-run cost function of a Japanese beer manufacturer is 900 C(q) = 0.4q1.8 + at what…
A: here we calculate the following blanks by using the given information so the calculation of the…
Q: Which of the following prices is the one that maximizes the company's profit?
A: Profit is total revenue(TR) minus total cost(TC). TC has two components, total variable cost(TVC)…
Q: Given the following cost function: TC = 1500 + 15Q – 6Q 2 + Q3 i. Determine the total fixed cost for…
A: Given, the cost function: TC = 1500+15Q-6Q2+Q3 i) Total fixed: The cost that does not depend on the…
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A: Given information: At a price of 1000, sales are 30 units At a price of 800, sales are 50 units The…
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A: Given information Excess capacity occurs when a firm is producing before the long-run optimum level.…
Q: Calculate the total revenue of the firm when it is given that the accounting profit is $600 and the…
A: We are provided with the information:- Accounting profit = $600 Explicit cost = $240 We need to find…
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- Market research for a certain ice cream company indicates that if the price per cup of ice cream is P50.00, the demand will be 1200 cups, whereas if the price is increased to P60.00, the demand will be 1100 cups. Therefore, at a production level of 200 cups of ice cream, the revenue generated by the company would be $130 for each additional cup of ice cream produced. Now, suppose it is known that the total cost of production of x cups of ice cream is given by C(x) = 3x + 25,500. (a) Find the value(s) of x at the break-even points. (b) Use marginal analysis to approximate the profit from the sale of the 500th cup of ice cream. Compare this value with the exact profit from the sale of the 500th cup.The market demand and supply functions for a type of carpet known as KP-7 have been estimated, respectively, as: QD = 160 – 6P, QS = – 100 + 20P. where P is the price (dollars per yard) and Q is the rate of sales (hundreds of yards per month). A typical firm in this market has a total cost function given as: TC = 100 – 22q + 2q2, where q is the firm’s output level. The optimal amount to produce for the typical firm is q =Exercise 4.6 An econometrician hired to analyse a local golf course has determined that there are two types of golfers, the regular and the occasional. The annual demand for games from regular players is given by QH = 24 – 0.3P, where P is the price of a round of golf. On the other hand, the annual demand for occasional items is given by QO = 10 – 0.1P. The marginal cost and the average total cost per item are equal to €20. a) If you could distinguish between regular and casual players, what price would be set for each type? How many games would each type of player play? How much profit could the golf course generate? Represent graphically. b) As an alternative to the discrimination of third degree prices, those in charge consider a double tranche rate according to which the members can play as many games as they wish at a price of € 20 per game. How much profit will the golf course generate if it charges all players the same annual fee for becoming a member of the club? What if you…
- A local defense contractor is considering the production of fireworks as a way to reduce dependence on the Military. The variable cost per unit is $ 40D. The fixed cost that can be allocated to the production of fireworks is negligible. The price charge per unit will be determined by the equation p= 180-5(D), where D represent demand in unit 1) What is the optimal number of units the defense contractor should produce in order to maximize profit per week? 2) What is the profit if the optimal number of unit produced?AVAC is the only pharmaceutical firm producing a Vaccine. The Demand Curve for its product is Qd = 250 – 50 P where P is Price and Q are packs of vaccines in ‘000 Total Cost Function estimated by the firm is TC = 15 + 0.5Q where Q is monthly output. What is the market structure of AVAC? State its characteristics. To maximize profit. What will be the optimum price and how many packs of Vaccine should the firm produce and sell per month? If this number of packs is produced and sold, what will be the firm’s monthly profit? Using available information, draw AVAC’s demand, marginal revenue and marginal cost curves in a graph and clearly label the firm’s profit maximizing price, quantity and profit. Do you observe any welfare loss? If so, also indicate and label the area on the graph. Assume all other pharmaceutical firms in the market start producing the Vaccine and the market becomes competitive. What will be the impact on price and marginal revenue? Would the market…Using a linear specification, you estimate your demand curve to equal Q=20-2P+10I, where • Q = the quantity demanded of your product • P = the price of your product • I = customer income (measured in thousands of dollars) In addition, your operations team estimates you have a constant marginal cost of $10. What quantity should you set to maximize profits assuming your average customer income equals $18000 (i.e. I=18)? a. Q=45 b. Q=50 c. Q=55 d. Q=90 e. Q=180
- Which of the following statements NEITHER describes, NOR is the result of, Increasing Returns to Scale? Group of answer choices A.) Increasing Returns to Scale shifts the demand curve for health insurance to the right. B.) An insurer's average costs continue to decrease as the number of customers it insures increases. C.) An Increasing Returns to Scale industry is a Natural Monopoly. D.) Industries with high fixed costs are Increasing Returns to Scale industries. E.) Increasing returns to scale are a source of barriers to entry.AVAC is the only pharmaceutical firm producing a Vaccine. The Demand Curve for its product is Qd = 250 – 50 P where P is Price and Q are packs of vaccines in ‘000 Total Cost Function estimated by the firm is TC = 15 + 0.5Q where Q is monthly output. What is the market structure of AVAC? State its characteristics. To maximize profit, What will be the optimum price and how many packs of Vaccine should the firm produce and sell per month? If this number of packs is produced and sold, what will be the firm’s monthly profit? Using available information, draw AVAC’s demand, marginal revenue and marginal cost curves in a graph and clearly label thefirm’s profit maximizing price, quantity and profit. Do you observe any welfare loss? If so, also indicate and label the area on the graph. Assume all other pharmaceutical firms in the market start producing the Vaccine and the market becomes competitive. What will be the impact on…After reviewing Institute for Clinical and Economic Review consider the following: In the UK, very few drugs or procedures are approved if they cost more than $50,000 per QALY. Take the example of PCSK9 inhibitors. The PCSK9 inhibitors(PSK9i) are a class of injectable drugs approved in 2015 that have been shown to dramatically lower LDL cholesterol levels, by up to 60% when combined with a statin. The market price of the first PCSK9s to be sold in the US in 2015 was $14,350 per year. The ICER analysis shows how many more patients could be treated at a lower total budget impact if the price could be lowered. Given this information what price should Medicare pay for a PSCK9? Should a state Medicaid program pay more or less? Should Medicaid programs in low-income states pay more, less, or the same, compared to high-income states? Should there be one $/QALY for an entire country? How would you expect drug companies to react to price limits set by public programs?
- Beta Industries manufactures floppy disks that consumers perceive as identical to those produced by numerous other manufacturers. Recently, Beta hired an econometrician to estimate its cost function for producing boxes of one dozen floppy disks. The estimated cost function is C = 20 + 2Q^2. a. What are the firm's fixed costs? b. What is the firm's marginal cost? Now suppose other firms in the market sell the product at a price of $10 c. How much should this firm charge for the product? d. What is the optimal level of output to maximize profits? e. How much profit will be earned? f. In the long run, should this firm continue to operate or shut down? Why? *Please show all work*Economic efficiency is optimal when the dead weight loss is positive True FalseA company estimates that the relationship between. unit price and demand per month for a potential new product is approximated by p= $100.00-$0.10D. The company can produce the product by increasing fixed costs $17,500 per month, and the estimated variable cost is $40.00 per unit. What is the demand that maximizes revenue and the maximum revenue? What is the optimal demand, D*, and based on this demand, should the company produce the new product? Why? (Work out the complete solution by differential calculus, starting with the formula for profit or loss per month.)
