Comment why is this point significant analytically.

Q: If C=C(q) is a firm's total cost function, the quantity & is called the elasticity C dq of cost at…

A: Cost function of a firm, C= C (q) The elasticity of cost, εc= qC×dCdq We know, Average cost, AC= C/q…

Q: The manufacturer of an energy drink spends $1.28 to make each drink and sells them for $3.27. The…

A: Given information: A manufacturer of energy drinks spends $1.28 to make each drink and sells them…

Q: The inverse demand function and cost function is given by P= 50-2Q and C = 10+2Q Calculate the total…

A: Demand function, P = 50 -2Q Cost function , C= 10 +2Q

Q: If the marginal revenue (in dollars per unit) for a month for a commodity is MR = -0.6x + 41, find…

A: Marginal revenue(MR) is the change in the Total Revenue(TR) on account of the sale of an additional…

Q: a) type the profit function of the manufacturer,?(?, ?). B) determine the end points of the profit…

A: Total Revenue -:                              It refers to the total receipts of a firm from the…

Q: In a factory an article is produced whose production function is: z = 15 – 2x2 + 12x – 3y? + 6y for…

A: Production function is given as: z = 15 -2x2+ 12x-3y2+6yPrice of input x = 6Price of input y =…

Q: Find the marginal profit function if cost and revenue are given by C(x) = 183 + 0.3x and R(x) = 9x -…

A: Marginal profit function measures how much the profit changes when there is a unit change in the…

Q: Mathematical Economics If fixed cost are 20, variable cost per unit are 2 and the demand function is…

A: here we calculate the profit , by reducing the cost from revenue , and by using the given…

Q: 40. T-Shirt Profit The latest demand equation for your Yoda vs. Alien T-shirts is given by q = -40x…

A: Demand function: q=-40x+600 Total Cost=Fixed Cost+Variable Cost Fixed Cost=$400 Variable cost=$5x…

Q: A business has found that it can sell 680 items if it sets its price to $66.9. However, if it lowers…

A: When the price is $66.9, then the quantity sold is 680 items. When the price is $40.19 then the…

Q: A company can sell x units of a product when the price is p = D(x) = 5.00 – 0.006x dollars. The…

A: Marginal profit is the profit earned by a firm after the production and sale of an additional unit.

Q: (a) The revenue from selling q items is R(q) = 50q - q 2 and the total cost is C(q) = 15 + 10q i.…

A: Given: R(q) = 50q - q2C(q) = 15 + 10q   (i) Fixed cost is that component of total cost function that…

Q: The total revenue curve of a firm is R(q) = 40q − 12q2 and its average cost A(q) = 1/30q2 − 12.85q +…

A:

Q: An ice cream company finds that at a price of $4.00 for each pint, they can sell 4000 pints of ice…

A: A demand function expresses the relationship between quantity demanded of a good and its price. An…

Q: he demand function for small high-definition televisions is given by p = 9,000 − 55x, where p is the…

A: Answer - "Thank you for submitting the question. But, we are authorized to solve only 3 subparts .…

Q: Sergio Lopez is a publisher of Latin American poetry.  His fixed cost is $525, and the cost to…

A: Fixed cost is $525, and the cost to produce each individual copy of his book is $3.50.   A linear…

Q: The price-demand and cost functions for the production of microwaves are given as p = 215 80 and…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Question 6. A division of chapman corporation manufacures a pager. The weekly fixed cost for the…

A: Introduction Weakly cost and revenue of a chapmen corporation has given.  MC = 0.08 q3 + 3.6 q2 +…

Q: Suppose that the marginal revenue for a product is MR = 775 and the marginal cost is MC = 39 times…

A: The following information is given: Marginal revenue MR = 775, Fixed cost = $906, Quantity = 3…

Q: The inverse demand for tea is given by P= 8 – 0.03Q, where Pis the price per a gram of tea and Q is…

A: Both shop have same cost structure and therefore their reactions function and the output are going…

Q: A demand curve is given by p = 660-3x. Assume you must pay salaries totalling 8000$ in a month.…

A: We are going to solve this question using single variable maximisation method.

Q: . The monthly fixed cost of a company which produces basketball is RM 100 and the variable cost per…

A: "Since you have posted a question with multiple subparts, we will solve the first three subparts for…

Q: The demand function for a firm is; Qd = 122,000 - 500P + 4M +10,000PR where, Qd is quantity…

A: Firms profit maximization point is achieved where : Marginal Revenue = Marginal Costs

Q: The figure shows graphs of the total cost function and the total revenue function for a commodity.…

A: The function that represents the total cost as being the sum of the variable costs and the fixed…

Q: A demand curve is given by p = 660-3x. Assume you must pay salaries totalling 8000$ in a month.…

A: We are going to use single variable profit maximisation method to answer this question.

Q: Find the marginal profit function if cost and revenue are given by C(x) = 190 + 0.6x and R(x) = 7x -…

A: Answer to the question is as follows:

Q: Match each graph with the function it best represents-a demand function, a revenue function, a cost…

A: Graph a = Demand function, decreases, increases Graph b = Cost function, increase linearly Graph c =…

Q: The total revenue curve of a firm is R(q) = 40q − 12q2 and its average cost A(q) =1/30q2 − 12.85q +…

A: R(q) = 40q − 12q2  A(q) = 1/30 q2 − 12.85q + 20 + 400/q Total cost = A(q) * q

Q: The demand equation of a certain product is p=90-q-q². The total cost function is c=50+q-0.1q². Find…

A: Profit refers to the portion of the total revenue that is left to a producer once all factor inputs…

Q: The total revenue curve of a firm is R (q) = 40q - 12q2 and its average cost A(q) = 1/30q2 - 12.85q…

A: Total revenue, R (q) = 40q - 12q2  Average cost, A(q) = 1/30q2 - 12.85q +20 + 400/q

Q: A company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500…

A: Profit maximizing level of output is at the point where marginal cost MC equals marginal revenue MR.…

Q: A firm has a linear demand function for its product. When the price of the product is Sh.220, the…

A: The demand function shows the relationship between price and quantity demanded. There is a negative…

Q: A company has determined that the price and the monthly demand of one of its products are related by…

A: The profit is maximized where the MR = MC.

Q: A manufacturer of nne pens produces in two plants. The total cost of producing in the nrst plant is…

A: Cost refers to the expenditure occur in the process of production by a firm. Given that, Total cost…

Q: For a firm’s product, the demand function is p =72−0.04q and the average cost function is i. ¯ c =…

A: Answer: Given information: P (price) = 72 – 0.04q Where q is the quantity To find: Output at which…

Q: the unit cost, in dollars,to produce bins of cat food is $4 and the fixed cost is $22638. The…

A: Hi, thanks for the question. Since there are multiple subparts, we will answer first three subparts.…

Q: A company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500…

A: The total cost is the cost incurred for using the factors of production to produce a good. Costs…

Q: A firm's profit is determined by subtracting the cost of production from its revenues. Suppose we…

A: Given,  Binjin Company sells pins at price p=45Cost Function : C9y)=y3-9y2+60y+10, y≥0 The Firms…

Q: The cost, in dollars, to produce x designer dog leashes is C(x) R(x) = 7x + 10, and the revenue…

A: Profit = TR - TC  Where TR = Total Revenue  TC = Total Cost Profit = -3x2 + 55x - 7x - 10 Profit =…

Q: If the production function function y = 2x at an input price Of (DR. 300 and a fixed cost of IDR.…

A: The production function states the functional relationship between the given input and the achieved…

Q: The total cost function is C(q) = q³ – 59q² + 315q + 200 and the revenue function is R(q) = 1000q –…

A: The total cost of production refers to the monetary value of inputs used by the firm in the…

Q: orderd pair ?

A: The given values are as follows.

Q: Suppose that the marginal revenue for a product is MR=775 and the marginal cost is MC39sqrt(x+1),…

A: Given, Marginal revenue =MR = 775 Marginal cost = MC =39x+1 Fixed cost = $906 Output = x = 3 units…

Q: A price-taking firm's variable cost function is C = Q3, where Q is the output per week. It has an…

A: Given, Variable cost (VC): C = Q3 Fixed cost (FC) = $1,024 Marginal cost (MC) = 3Q2 Price (P) = $192

Q: Your college newspaper, The Collegiate Investigator, sells for 90¢ per copy. The cost of producing x…

A: C (x) = 10 + 0.10x +0.001x2 Price = 90 cents Total Revenue (TR) = Price * Quantity TR = 0.90 x

Q: Given Cost and Price​ (demand) functions C(q)=120q+45000 and p(q)=−2.8q+900​, what is the marginal…

A: Marginal revenue refers to change in total revenue with respect to change in output.

Q: computer retailing company specializes in the sale of jump drives to community college udents. The…

A: Given :  Demand Function : p=2x2+10x+1000 Average Cost Function : c¯=2x2+36x-1600-20x

Q: If MC= 3x + 20 and MR = 44 – 5x where x is the number of units produced and sold, and the cost of…

A: MC(marginal cost) is the change in TC(total cost) when one more unit of the product is made.…

Q: The market for drones is perfectly competitive. Assume for simplicity that fractions of everything,…

A: The average total cost is calculated by total cost divided by the total quantity produced.  ATC = TC…