A selling price for a product is given by the equation p=$87.5-0.02(D), and the Cv = $15.5, the demand that maximized profit is: O a. Zero O b. $1800 O c. $2187.5 O d. $87.5
Q: Given cost and price (demand) functions C(q) = 110q + 40,800 and p(q) = - 1.9q + 900, what is the…
A: Marginal Cost refers to the additional cost incurred due to the production of additional unit of…
Q: Assume the firm can sell its product for $14 each. TR VC AVC TC АТС MC - $2000 100 $1400 $600 $2600…
A: Given The price = $14 Q TR VC AVC TC ATC MC 0 $2000 100 $1400 $600 $6 $2600 $26 $6…
Q: Lisa quit her $40,000- per- year job to start her own economics consulting firm. At the end of her…
A: Explicit cost is the actual monetary spending. Implicit cost is the opportunity cost of doing a…
Q: A firm in a perfectly competitive market has no control over price because O a. the government…
A: Since you have asked multiple questions, we have answered the first question for you. If you require…
Q: For any given price, a firm in a competitive market will maximize profit by selecting the level of…
A: In competitive market, there are large number of firms selling identical goods.
Q: The global markets in which Lewis Fabrication plans to expand provides this company with the…
A: The following problem has been analyzed as follows:
Q: Costs of production for each competitive firm is given by: C(q) = 1 + q2. Market demand is Qd =…
A: In a perfectly competitive market, there are large number of firms producing similar and identical…
Q: The production of plastic bags characterized by high fixed costs and low marginal costs. As a…
A: Concept: A fixed cost is a cost that the firm has to incur irrespective of output. It includes…
Q: 3. The manager of a company has determined that the cost function for the production can be…
A: Since you have posted multiple subpart question, we will solve the first three subparts for you. If…
Q: 6. The total cost incurred by a company that produce three kinds of goods is reflected by the…
A: (a) Total Production of each firm: Total Cost(TC)=0.5Xa^2+Xb^2+0.75Xc^2-2XaXb+3XbXc+XaXc+9187.5…
Q: Suppose your firm operates in a perfectly competitive market and has a U-shaped average variable…
A: In the perfectly competitive market, it can be seen that marginal revenue and average revenue are…
Q: TOTAL REVENUE at the profit maximizing level of production is: O 420 O 450 O 315 O600
A: A perfect competitive market refers to the market in which the profit is maximum at the price is…
Q: Suppose a firm is operating in a competitive market and is maximizing profit by producing at…
A: Perfect competition is a market structure, in which a large number of buyers and sellers sell…
Q: What is the marginal revenue gained when one more unit of output is sold? Oa. The price at which the…
A: Answer: Marginal revenue: marginal revenue refers to the addition to the total revenue by selling an…
Q: 2. (a) What is the profit-maximizing level of output and how much daily profit will the producer…
A: Hi, according to our guidelines we are allowed to answer only 1 question with 3 sub-divisions in one…
Q: Market demand is Qd = 100 - p. Market supply is Qs = 4p. A competitive firm has MC = 2Q. How !3! !3!…
A: Equilibrium in the competitive market is reached where quantity demanded equals quantity supplied.
Q: (28). A firm that faces a high-demand period followed by a low-demand period must determine all of…
A: 28) Peak-load pricing spreads the cost of capacity over multiple time periods when demand varies…
Q: $70 $65 MC $60 $55 $50 $45 $40 ATC $40 $32.50 $35 $30 $25 $25 $20 "$14.30 $15 Demand $10 $5 MR…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: 3.2 If a firm's cost function is C(q) = 65+ 35q + q². What level of output, q, should it choose to…
A:
Q: 40 36 Demand 32 28 24 20 16 12 4. 2 3 4 5 6 10 QUANTITY (Thousands of large boxes) In the following…
A: The total revenue (TR) refers to the total amount a firm earns by selling its product. The marginal…
Q: QUESTION 15 Consider a firm operating in a competitive market. The firm is producing 50 units of…
A: Q15) "Economic profits are computed by deducting total cost from total revenue."
Q: Use this graph to answer the following question: Average & Marginal Costs 140 130 120 001 06 08…
A: A firm is a price taker in a perfectly competitive market,where the profit is maximized at the…
Q: (a) The cost of producing 5-gallon water bottles is given by C(q) = 0.005q² + 2q + 1000. If 2000…
A: Since you posted multiple subpart questions, we will provide the answer for first subpart which…
Q: Output (Q) Total Revenue Total Cost $0 $10 30 40 2 60 60 3 90 70 4 120 75 150 85 180 110 7 210 140 8…
A: Output TR TC MR MC 0 $0 $10 - - 1 30 40 30 30 2 60 60 30 20 3 90 70 30 10 4 120 75 30 5…
Q: 20 C 16 14 Demand 3 Quantity (haircuts per hour) Using the image above, suppose that the firm…
A: Note: You have uploaded more than one question at a time. Hence, we shall solve the first question…
Q: Procter & Gamble Co. is a major soap producer. All of the following, except one, would shift its…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: Given a competitive market equilibrium with normal supply and demand curves: Select one or more: O…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: What is the total fixed cost of Firm A, a perfectly competitive firm facing the demand d, at the…
A: In perfectly competitive market, there are large number of firms selling identical goods.
Q: The market demand for a type of good has been estimated as: P= 40 - 0.25Q, where Pis price ($) and Q…
A:
Q: (a) The cost of producing 5-gallon water bottles is given by C(q) = 0.005q? + 2q + 1000. If 2000…
A: Thank you for submitting the question on Bartleby platform but you have submitted multiple…
Q: MC ATC AVC MR2 MR, 30 40 50 60 Quantity Refer to Figure 6.1. Given MR2, what is total cost at the…
A: For a firm, profit is maximized at a point where marginal revenue intersects the marginal cost…
Q: Workers Total Total Cost Hired Output $20 40 $40 3 80 $60 120 $90 10 160 $130 15 200 $180 21 240…
A: Total Cost refers to the sum of the costs of all the goods and services that are produced by a firm.…
Q: How does a lump sum tax affect the fixed costs and variable costs of a producer? Select one: O a. A…
A: Variable costs and fixed costs together sum up to obtain total costs.
Q: 13) Assume that the price, in dollars, of a sound system is given by 1000 + 1000 = d q? Where q…
A: We have given demand function of a firm who is selling a sound system in a market.
Q: Refer to the information provided in Figure 9.4 below to answer the question(s) that follow. MC AVC…
A: The given graph shows a firm in perfectly competitive market which produces output at MR=MC
Q: gasoline is currently $4.00 per gallon, the quantity of gasoline is 140 billion gallons per year,…
A: An elastic demand is one in which the change in quantity demanded due to a change in price is large.…
Q: Problem Set 1. A firm's production function is º=50L – 0.012 , where L denotes the size of the…
A: Note: Since more than one individual questions are asked, we are going to answer the first question…
Q: 10. Suppose in a market that market demand is od - 100 - P and market supply is Qd = 3P. If the…
A: In a competitive market, price is constant so it is equal to marginal revenue. Profit is maximized…
Q: The average revenue for a certain firm is giver by AR = 360 – 24q. %3D Comment on the relationship…
A: We are given, AR = 360 - 24q Now we will calculate MR For this, we will find TR TR = AR x q = (360…
Q: lustry demand is given by: p= 200 – q. – q2 where q and q2 are the outputs of Firm 1 and Firm 2…
A: Note: You have uploaded two questions, hence we shall answer the first one for you. If you seek…
Q: Which of the following is always true for the profit-maximizing firm in a perfectly competitive…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The Profit Maximizing Production Level for this firm at the giver market price will be: O Q3 O Q1 Q2…
A: Answer: The firm will maximize profit where the price is equal to the marginal cost. The…
Q: Market demand is Qd = 100 - p. Market supply is Qs = 4p. A competitive firm has MC = 2Q. How many…
A: In perfectly competitive market, firms are price takers which shows firms do not have control over…
Q: A competitive firm produces a product using the function f(x1,22) = 8 ,". The factor prices are p1 =…
A:
Q: Price Exhibit: P.Discrim1 Given: Pm =$100 Pc =$50 Qm =50 Qc = |200 MC=$35 Pm Pc MC MR D. MR Qm Qc…
A: Total revenue=(Pm*Qm)+(Pc*Qc)TR=(100*50)+(50*200)TR=5000+10000TR=$15,000
Q: A firm faces the demand schedule q = 400 - 2p - p². What price does it need to charge to sell 100…
A:
Q: Consider a perfectly competitive market with our usual downward sloping demand and upward sloping…
A: Equilibrium is achieved at the output level where quantity demanded equals quantity supplied. With…
Q: MC ATC AVC MR2 MR, %3D 30 40 50 60 Quantity Refer to Figure 6.1. Given MR2, what is total revenue if…
A: The formula is: Total revenue=Q*P Q=60 units
Q: A profit-maximising firm considers its marginal revenue (MR) and marginal cost (MC) functions. Which…
A: Competition between firms generally occurs when the market consisted of multiple firms, The…
Q: Price and cost MC ATC AVC $40.50 36.00 MR 30.00 22.00 20.00 130 180 240 Quantity Suppose the Price…
A: As given in the question:-
Step by step
Solved in 2 steps
- J 7 What is the ordinary simple interest on 7000 for 8 mos and 15 days if the rate of interest is 15%.What would be the CAPITALIZED COST of $ 10,000 every 5 years forever, starting 5 years from today with 3% and 8% annual interest?, B). Support why the difference between both capitalized costs.Please no written by hand solutions When a child is born, the parents receive gifts of $5000 which they invest at 6% interest. Each year they are fortunate to receive $1000(1+f/5) in gifts that they add to the investment. When the child is 18, he is allowed to remove the money from the account. How much is there? f = 3, so $1600 is added to the gift each year.
- Question 888 M A mining company CEO wants to help provide college education for the daughter of a high performance underground worker. He can afford to invest $750/yr. for the next 4 years, beginning on the student’s fourth birthday. He wishes to give the future student $5,000 on her 18th, 19th, 20th, and 21st birthdays, for a total of $20,000. Assuming 6% interest, what uniform annual investment will he have to make on the girl’s 8th through 17th birthday? show all steps clearly Full explain this question and text typing work only thanksAn investor made an investment of 55000 AED at the end of first year. He also made an investment of 7500DAED at the end of the third year. Lastly he made an investment of 90000AED at the end of the 6th year. If the profit rate is 5.5%, what equal annual investment he would have made for the same period instead of the 3 investments? 0 30224.70 AED O 36287.61 AED O 166577.86 AED O 34409.71 AED O 166246.31 AEDA young engineer borrowed $12,000 at 10% interest and paid $3,000 per annumfor the last 4 years. What does he have to pay at the end of the fifth year in order to payoff his loan? $3.689$3,758$3,982$4.001$4.011
- A rich donor gives a hospital $950,000 one year from today. Each year after that, the hospital will receive a payment 6% larger than the previous payment, with the last payment occurring in ten years' time. What is the present value (PV) of this donation, given that the interest rate is 10%?An annuity pays $15 per year for 94 years. What is the present value (PV) of this annuity given that the discount rate is 9%?A man is buying a new eco-friendly electric riding mower. There will be no maintenance cost during the first 2 years because the mower is sold with 2 years free maintenance. For the third year, the maintenance is estimated at $100. In subsequent years the maintenance cost will increase by $50 per year. (a) How much would need to be set aside now at 8% interest to pay the maintenance costs on the tractor for the first 6 years of ownership? (b) What are the advantages and disadvantages of electric powered riding mowers?
- 2.c How much Interest would be due at the end of one year on aloan of $10,000 if the interest is 12% per year? include a cash flowa) Bond has a face value of ₡3000 and pays coupon of 12% per annum for 4 years, if the market interest rate is 16%. How much will you pay for this bond. If the coupon was to be paid semi- annually will your answer be different. b) A U.S. investor obtains Ghana cedis when the cedi is worth $.33 and invests in a one-year money market security that provides a yield (in cedis) of 24%. At the end of one year, the investor converts the proceeds from the investment back to dollars at the prevailing spot rate of $.26. What is the effective yield earned by this foreign investor?You are a project manager reporting to the general manager at your organisation. You are aware thatthe general manager will retire in 4 years, and it is the company's policy that whoever has to take upthat position should have at least a Master of Business administration degree. You can either applyfor an unpaid study leave and get a R270 000 interest free loan from the company for upkeep duringthe study of the degree on full-time basis for one and half years, or you can study on a part-time basisfor 3 years whilst going to work and pay a personal Tutor R12 000 a month for three years. The costof study is R200 000.00 regardless of whether it's part time or full time and the company is preparedto pay for your studies in either case. On a full-time basis, the probability of passing is 1 whereas it is0.5 for part-time study due to pressure from both work and study. Your salary is R30 000 per month.a. Develop the problem in this situation? Please state it in an explicit and precise…