C=19,250+70x+x2, where C is measured in dollars. For both unctions, the input x is the number of unit produced and sold. a. Form the profit function for this product
Q: If the profit function for a firm is given by P(x) = −3800 + 210x − x2 and limitations on space…
A: The profit function for a firm is given by P(x)=-3800+210x-x2 At Break Even point the profit of the…
Q: dc Find the total cost for the indicated value of q when is a marginal-cost function and fixed costs…
A: Given : dc/dq=0.12q2-1.5q+5.60 C=9000 q=20
Q: Total variable cost is 0 at zero level of production True/Falss
A: # Total cost incurred by the firm is the sum of both fixed and variable costs. Total.fixed cost is…
Q: To calculate a firm's per unit of output profit, it is necessary to subtract Select one: a. cost per…
A: Hey, Thank you for the question. According to our policy, we can only answer 1 question per session.…
Q: The cost function for flavored coffee at an upscale coffeehouse is given in dollars by C(x) = 3x +…
A: The break-even point is the sum of earnings required to fund a business's cumulative fixed and…
Q: total profit is
A: Total Variable Cost = Average Variable Cost * Output Variable cost = $3 * 1000 = $3000 Total Fixed…
Q: Given the information that follows: Salefixed s = 750,000; explicit costs = 450,000; return you…
A: The profit is the difference between the revenue and the cost. There are different type of profit…
Q: The profit function of a company is P(x) =x*-x³ + 3025 x², the output that maximizes the profit is…
A: A firm's main objective is always to maximize its profit. The firm maximizes its profit by producing…
Q: An electric power plant uses solid waste for fuel in the production of electricity. The cost Y in…
A: Given that cost of production of electricity Y = 12+1.2x+0.32x2 ........... (1) where x is in…
Q: 14.The demand function for a new product is p(x) = - 2x + 7 , where p is the selling price of the…
A: Profit is the difference between total revenue and total cost. Total revenue is the product of price…
Q: A firm manufacture robots, for which $10000 machinary is used. The additional per unit cost is $100.…
A: Fixed cost of production = $10000 Variable costs of production = $100 Number of units produced = 5
Q: Your local pet café has the following costs: $3,000 per month in rent, $5,000 per month in wages,…
A: Firms operating in a market incur fixed costs and variable costs. Fixed costs are the costs that do…
Q: 5. M&S company is wishing to determine the EOQ for their company. M runs a men's clothing line.…
A: The order size that minimises the total of ordering and holding costs for raw goods or merchandise…
Q: A company makes solar panels. The company’s revenue function, in dollars, is R(n)=10n , where n is…
A: Note: Since more than 3 sub-questions are asked, due to Bartleby policy we are allowed to answer not…
Q: Gooey Bites sells snack packs for $3 per pack. Variable expenses involved in producing snack packs…
A: The total cost function is the aggregate of all fixed and variable costs incurred in the process of…
Q: A factory makes bicycle tires. The cost, C, in dollars and revenuue in dollars, R, are both…
A: Costs are the expenses that a firm incurs in the form of purchase of inputs to produce goods and…
Q: A manufacture has been selling 1000 television sets a week at $360 each. A market survey indicates…
A: Given information:- Total quantity sold- 1000 television sets per week Per unit price- $360 Rebate…
Q: that the fixed costs are $5780 per week and the cost of producing each set of clubs is $73.00. Each…
A:
Q: If cx) =x + 4x +57 is the total cost of producing x units of a particular čómmodity and p(x)-(36- x)…
A: A profit maximizing firm produces at the output at which marginal revenue (MR) equals to marginal…
Q: Marginal cost is plotted (as an approximation) halfway between successive units of output. a. True O…
A: Costs represent the expenses that firms incur during their production activities. A firm incurs…
Q: If average cost is increasing over a range , it should be the case that a) marginal cost is smaller…
A: When MC < ATC, in this range ATC is decreasing. When MC > ATC, in this range ATC is…
Q: A musical Disc is being produced by a music recording studio, and the company estimates that it will…
A: Answer: Given, Fixed cost (FC)=$100,000Variable cost per unit (VC)=$6.75 per unitPrice of disc…
Q: Solve this attachment.
A: Given:Fixed cost=7500 OMRVariable cost=500 OMRTotal Cost=Total cost+Variable costTotal…
Q: When the production volume (Q)is 50 units the total costs (TC)is (1500)omani RIyals and fixed costs…
A: Total cost TC = 1500 Fixed cost FC = 900 Varibale cost = Total cost - fixed cost
Q: C&A Fast Food has four activities in serving a customer: greet customer, take order, process order,…
A: The bottleneck activity, which has the longest processing time out of the four, will decide the…
Q: Average cost with the $300 tax is minimized at a quantity of q = units. (Enter your response rounded…
A: *Answer:
Q: When the production volume (Q)is(100)units the total costs (TC)is (1500)omani RIyals and fixed costs…
A: Total cost TC = 1500 Fixed cost FC = 900 Quantity Q = 100
Q: 2.) If the total cost function is given by C(q) = -0.00002q? + 6.5q + 5400, find the marginal cost…
A: Answer to the question is as follows:
Q: A firm wants to minimize cost when Q=160=2√KL ;r=4 k=2 a) write out the Lagrangian function b)…
A: Given: Q = 160 = 2√(KL) r = 4, k = 2 The cost function can be written as - 4K + 2L (Assuming r =…
Q: Given that the additional cost to produce an extra unit is 400 – 3x, profit is 700 - 4x – 2x ?, and…
A: Total cost = Variable cost + Fixed cost Fixed cost = RM 25 MC= 400-3x Also MC= ∆TC/∆Q TC=…
Q: A company handles an apartment building with 50 units. Experience has shown that if the rent for…
A: To maximize profit, the company needs to ensure that the marginal revenue of selling one more…
Q: A firm's average total cost of production is Rs.300 at 5 units of output and Rs.320 at 6 units of…
A: Marginal cost represents the additional cost that the firm must incur when it produce one extra unit…
Q: The total cost of producing mobile phones can be represented by TC = 50 +2q. The MC of the 5th…
A: Following are the given values: Total Cost = 50 + 2q Maginal Cost = ?
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: a company makes coffee mugs it costs them $8 per mug to make the mugs in addition to their daily…
A: The profit that the firm earns can be calculated by subtracting the total cost from the total…
Q: Total Revenue function = 164x Total Cost function = 0,01x2+20x+300 x shows unit of production.…
A: Given the values: TR = 164x TC = 0.01x2+20x+300
Q: The total cost and the total revenue (in dollars) for the production and sale of x ski jackets are…
A: Total cost refers to the sum of fixed cost and variable cost. Total Revenue refer to the total…
Q: orderd pair ?
A: The given values are as follows.
Q: The marginal cost for a company to produce q items is given by MC(q)=0.004q2−0.6q+620. The…
A: Answer: Given, Marginal cost function: MCq=0.004q2-0.6q+620 Fixed cost= $8500 To find the marginal…
Q: A company makes solar panels. The company's revenue function, in dollars, is R(n) = 10n, where n is…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: The market for high-quality caviar is dependent on the weather. If the weather is good, there are…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: A firm earns normal profit Selected Answer: c. when explicit costs equal implicit costs. Answers: a.…
A:
Q: Can you please solve question # 14
A: The fixed cost of the company is said to be $30,000 and the variable cost which varies per unit…
Q: A manufacturer assembles personal computers. If the computers are priced at £1,000 each, the company…
A: Given information: At a price of 1000, sales are 30 units At a price of 800, sales are 50 units The…
Q: The Hickory Cabinet and Furniture Company makes chairs. The fixed cost per month of making chairs is…
A: The profit of a function is the return one gets after making paying all the costs. That is,…
Q: A company is planning to manufacture PDAs personal digital assistants. The fixed cost will be…
A: Fixed cost are the cost which is independent of the total output produced. In contrast to this,…
Q: Given = TC = f(q) = 0.3q2 -105q + 120,000 What volume should be produced for minimum cost? What…
A: Ans. The cost minimization level of output is 175 units.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost, variable costs, and marginal cost?Break-Even The total revenue function for Frenchdoor refrigerators is given by R = 550x dollars, andthe total cost function for this same product is givenby C = 10,000 + 30x + x2, where C is measured indollars. For both functions, the input x is the numberof refrigerators produced and sold.a. Form the profit function for the refrigerators fromthe two given functions. b. What is the profit when 18 refrigerators areproduced and sold?c. What is the profit when 32 refrigerators areproduced and sold?d. How many refrigerators must be sold to breakeven on this product?If company A manufactures t-shirts and sells them to retailers for US$9.80 each.It has fixed costs of $2625 related to the production of the t-shirts, and the production cost perunit is US$2.30. Company B also manufactures t-shirts and selll them directly to consumers.The demand for its product is p = 15 −x125 , its production cost per unit is US$5.00and its fixed cost are the same as for company A . (vii) Derive the total revenue function,R(x) for company B.(viii) Derive the profit function,Π(x) for company B.(ix) How many t-shirts must company B sell to in order to break-even.(x) How many t-shirts must company B sell to maximise its profit
- If company A manufactures t-shirts and sells them to retailers for US$9.80 each.It has fixed costs of $2625 related to the production of the t-shirts, and the production cost perunit is US$2.30. Company B also manufactures t-shirts and sell them directly to consumers.The demand for its product is p = 15 −x 125, its production cost per unit is US$5.00and its fixed cost are the same as for company A.(i) Derive the total revenue function, R(x) for company A.(ii) Derive the total cost function, C(x) for company A.(iii) Derive the profit function, Π(x) for company A.(iv) Using a spreadsheet, create a table for showing x, R(x)?, C(x) for company Ain the domain x = 50, 100, 150, 200, 250, 300, 350, 400, 450.(v) Graph the functions from (d) above on the same axes.(vi) From your graph, determine the break-even level of output for company A.(vii) Derive the total revenue function, R(x) for company B.(viii) Derive the profit function,…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?Suppose a company has fixed costs of $300 and variable costs of 3/4 x+1460 dollars per unit, where x is thetotal number of units produced. Suppose further that the selling price of its product is 1500−1/4 x dollars per unit.(a) Find the break-even points.(b) Find the maximum revenue.(c) Form the profit function from the cost and revenue functions and find maximum profit.(d) What price will maximize the profit?
- Revenue and Cost The total revenue function for LED TVs is given by R = 1050x dollars, and the total cost function for the TVs isC = 10,000 + 30x + x2dollars, where x is thenumber of TVs that are produced and sold.a. Which function is quadratic, and which is linear? b. Form the profit function for the TVs from thesetwo functions.c. Is the profit function a linear function, a quadraticfunction, or neither of these?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.A company produces and sells a product and fixed costs of the company are 8500000 Baisa and variable cost is RO. (35+K) per unit and sells the product at RO. (70+M) per unit.a. Find the total cost function. b. Find the total revenue function. c. Find the profit function and determine the profit when 1250 units are sold. d. How many units must be produced and sold to yield a profit of RO. 20000? e. How many units must be sold to break even?
- A company makes solar panels. The company’s revenue function, in dollars, is R(n)=10n , where n is the number of panels produced. The cost function is C(n)=100(2)π/30 . R and C are shown on the graphbelow. a) Estimate from the graph i) the break-even points ii) the number of panels that should be produced for maximum profit b) Write the equation for the profit function P. c) Graph P. d) Use your graph of P to estimate the number of panels that give maximum profit. e) How would your answers for break-even points and maximum profit change if i) the number of dollars of revenue per panel is increased slightly? ii) the cost function is C(n)=100(2)π/35 changed to ? f) What does the number that was changed in part e) ii) represent?If company A manufactures t-shirts and sells them to retailers for US$9.80 each. It has fixed costs of $2625 related to the production of the t-shirts, and the production cost per unit is US$2.30. Company B also manufactures t-shirts and selll them directly to consumers.The demand for its product is p = 15 −x 125, its production cost per unit is US$5.00 and its fixed cost are the same as for company A . (i) Derive the total revenue function, R(x) for company A. (ii) Derive the total cost function, C(x) for company A. (iii) Derive the profit function, Π(x) for company A. (iv) Using a spreadsheet, create a table for showing x, R(x)?, C(x) for company A in the domain x = 50, 100, 150, 200, 250, 300, 350, 400, 450.(v) Graph the functions from (d) above on the same axes. (vi) From your graph, determine the break-even level of output for company A. (vii) Derive the total revenue function, R(x) for company B. (viii) Derive the profit…2. J&J Company is considering publishing a paperback textbook on spreadsheet applications for business. The fixed cost of manuscript preparation, textbook design, and production setup is estimated to beP100,000. Variable production and material costs are estimated to be P150 per book. Demand over the life of the book is estimated to be 4000 copies. The publisher plans to sell the text to college and university bookstores forP1000 each. REQUIRED: a. Formulate the total cost function. b. Formulate the revenue function. c. Formulate the profit function. d. What is the breakeven point? e. What profit or loss can be anticipated with a demand of 4000 copies? f. With a demand of 4000 copies, what is the minimum price per copy that the publisher must charge to break even? g. If the publisher believes that the price per copy could be increased to P1, 297. 50 and would not affect the anticipated demand of 4000 copies, what action would you recommend? h. What profit or loss can be…