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- Suppose a firm has the following expenditures per day: $250 for wages and salaries, $50 for materials, $60 for equipment, and $40 for rent. The market wage for the manager is $120 per day but the owner-manager does not draw a salary. Assume the daily revenue is $420. What is the accounting profit for the firm described above? Just give equation formula.derivative of the firm's profit function is F′(x) = −0.03x2 + 3x - 100, where x ≥ 0 is the output level. How should the company operate nowConsider the company that manufactures pens. To make the signature pens, the firm must pay the following expenses each month: variable cost = cv = RM 8 per pair; Fixed cost = cf = RM 3,500 A) If the Monthly sales v= 980 Pens, Calculate the Total cost. B) If the Price per unit of Pens (selling price p = RM 2.75), Calculate the Total revenue and the Profit
- A manufacturer can produce at most 90 units of a certain product each year . The demand equation for the product is p= q2-100q+1800 and the manufacturer's average cost function c=2/3q2-55q+12000/q Determine the profit maximizing output q and the corresponding maximum Profit . The profit maximizing output q is 60Please no written by hand and no emage Suppose that a company that makes and sells hand-crafted artwork has a cost function C(x) = 24x + 300, where x is the number of items made, and a revenue function R(x) = 45x, where x is the number of items sold. What is the profit from the 28th item made and sold? There is a $ sign listed next to the answer box, so do not type a $ sign in your answer.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.
- ABC Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the total variable cost is $15000 per day. Calculate the average fixed cost, average variable cost, average total cost and total cost at the current output level. Calculate Economic profit and Accounting profit from the figures given below for ABC Company. Total revenue Wages and salaries Forgone salary Interest paid Forgone rent Raw materials Other payments Forgone interestGlobal Corp. sells its output at the market price of $13 per unit. Each plant has the costs shown below: Units of Output Total Cost ($) 0 8 1 11 2 17 3 26 4 38 5 53 6 71 7 92 How many units of output should each plant produce?Describe how the wood charcoal (produced in Canada) would have to be adapted to suit the needs of New Zealand (Kiwis)or its' customers. (This may include renaming the product, changing its ingredients or parts, to meet local laws or requirements). Please examine branding and positioning.
- 15- ____________ refers to the additional revenue gained from selling one more unit. Group of answer choices Total revenue Marginal revenue Economic profit Accounting profitIf a demad function of a firm is Qd= 200-0.5p+4M+60Pr where M(income) is 100 and Pr(price of related good) is 4.TC=50-0.3Q+0.01Q^2. What is thw profit maximizing level of outputA dairy firm has an inverse demand curve: P = 240 - 2Q. The firm faces constant marginal costs of USD 4/unit. The firm's profit-maximizing level of profit is: A. 6802 B. 6402 C. 7702 D. 6962