d) What is Enjoy's private marginal cost of production? e) Beverages sell for $310 per thousand gallons. How much beverages would you predict that Enjoy produces per week? f) How much profit does Enjoy earn in this situation?
Q: Suppose a service is currently produced by perfectly competitive private firms. That good has the…
A: The perfect competition is a market condition in which there will be a very large number of buyers…
Q: 1. SOCIAL ENTREPRENEURSHIP: Your student organization wants to raise some money to donate to a…
A: P(Q)= 40-0.5Q TC=300
Q: Suppose that a chemical manufacturing plant is releasing nitrogen oxides into the air, and these…
A: Efficiency is achieved at the output level where MSB equals MSC
Q: 2. Smile Bright toothpaste company has determined that the demand for its product depends on…
A: Demand refers to the inverse relationship between price and quantity demanded. The demand curve…
Q: Appalachian Coal Mining believes that it can increase labor productivity and, therefore, net revenue…
A: MC = 40 P MR = 1000 - 10P
Q: Suppose the government, as part of its fight against COVID, allows restaurants to open but requires…
A: Since you have asked a question with multiple sub-parts, we would answer the first three for you. To…
Q: Suppose the inverse demand curve on ore is given by P = X - 0.88 Q. Ore can be either mined or…
A:
Q: Nothing Bundts Cake' sells two different Bundt flavors in a market with two different consumers. One…
A: There are two goods X and YMr.Grumpy: Reservation price of $15 for good X and $85 good…
Q: Your firm's research department has estimated your total revenues to be R(Q) = 3,000Q - 8Q² and your…
A: In economics, the distinction among the overall advantage from an activity and the total value of…
Q: Which of the following is a benefit of reshoring? O Can result in higher inventory O Can result in…
A: A result in the higher inventory Reshoring is defined as the primary advantage and enabling it as…
Q: The University is considering the level of light to provide at night on campus. Cynthia and Shirley…
A: Marginal benefit is the total amount which is consumer willing to pay for marginal or per additional…
Q: Foster Generators operates plants in Cleveland, Bedford, and York and supplies to four distribution…
A:
Q: 30 MC 27 AC 24 21 18 15 12 9. 3 6 9 12 15 18 21 Quantity per period Total Profits ($) Total Revenue…
A: 1. Total revenue maximization occurs when the marginal revenue becomes equal to zero. MR = 0 In the…
Q: TB(Q) = 100 + 36Q – 4Q2 and TC(Q) = 80 + 12Q + 1.2Q2.
A: The firm's prime objective is to maximize the profit. The profit is maximized where the Marginal…
Q: Your firm's research department has estimated your total revenues to be R(Q) = 30,000Q - 80Q^2 and…
A: Benefit is maximized at the point where the marginal revenue is equal to marginal cost.
Q: 5. Public Goods Consider 2 individuals, Arrow and Becker, who have the following demand curves…
A: Given information There are 2 consumer for parks Arrow and Becker Demand curve for Arrow QA=4-PA…
Q: Product X is produced with a constant marginal cost 12. Consumption of Q units per consumer provides…
A: PMB=26-2Q MC=12 No. of consumers=40
Q: Suppose the inverse demand curve on ore is given by P = 77 - 0.42 Q. Ore can be either mined or…
A: Given P = 77 - 0.42Q MC1 = 7q1 MC2 = 12 + 3q2 Find out What percent of total demand is satisfied by…
Q: Subway rides during rush hour S D The subway system in your city is approximately in equilibrium.…
A: Because of subsidy,supply would increase.
Q: Lukanga Water has been providing water services in the Central Province for more than 20 years.…
A: Profit maximising level of output for a firm is at the point where marginal revenue (MR) equals…
Q: Consider two restaurants located next door to each other: Quick Burger and The Sunshine Café. If…
A: In the given table both the restaurants have different payoffs in these two scenarios. Quick Burger…
Q: Imagine any number of visitors can enter Umstead Park at no charge. The value of a trip (V) as a…
A:
Q: Suppose you run a marketing survey and find you have two types of customers high-value customers…
A: Suppose there are 100 customers in the market According to the given data, High-value customers=50…
Q: Suppose that there are three people in a community that want public internet access. Use the table…
A: 18) The marginal cost of hotspot is $45. The optimal hotspots would be MSB= MC Ie the willingness…
Q: 10. The U.S. Government bought 112,000 acres of land in southeastern Colorado in 1968 for…
A: please find the answer below.
Q: A university considers five different levels of security for their campus, with costs and benefits…
A: Marginal cost benefit states that an individual or a firm takes a decision when marginal benefit is…
Q: Suppose a stream is discovered whose water has remarkable healing powers. You decide to bottle the…
A: The two firms are in Cournot duopoly when they maximize profit by setting quantities simultaneously
Q: In many areas (including sections of New York City) cable TV service is provided by a single…
A: Given the demand curve, we derive the marginal revenue curve. The equilibrium is attained where…
Q: A company is considering building a bridge across a river. The bridge would cost $2 million to build…
A: Hey, Thank you for the question. According to our policy we can only answer up to 3 subparts per…
Q: You make delicious cupcakes that you mail to customers across the country. Your cupcakes are so…
A: Monopoly is the market forms with single seller and charge different prices from the different…
Q: The shapes of the marginal benefit and cost curves indicate that as pollution is reduced, the total…
A: Meaning of Opportunity Cost: The term opportunity cost refers to the situation under which the…
Q: uppose that a firm's marginal abatement cost function with existing technologies is MAC = 16 - 2E.…
A: Given Information MAC with existing technologies = 16-2E , MAC with New technologies = 8-E ,…
Q: The following table shows how the marginal benefit enjoyed by John, Mary, Loren, and all other…
A:
Q: If Ralph rides the bus to work which is considered an inferior good/service. After Ralph applies for…
A: Inferior goods: These goods are of a low level of quality in the economy, and the people prefer to…
Q: Based on market research, a film production company in Ectenia obtains the following information…
A: Here we calculate the following blanks by using the given information so the calculation of the…
Q: cap-and-trade and windfall profits A city called Seoul is suffering from high concentrations of…
A: A government regulative programme to limit, or cap, the entire amount of emissions of specific…
Q: A retailer currently sells 15 tablets per day at a cost of $568. Market research indicates that for…
A: Total revenue(TR) refers to the total money earned by selling certain quantity(Q) of output(Y) at a…
Q: Jonathan, Scott and Mitchell share a garage. All enjoy having the garage cleaned, regardless of who…
A: Jonathan: P(Q)=10-2Q Scott: P(Q)=5-Q Mitchell: P(Q)=2-(2/5)Q
Q: Pfizer own the copyright for “Pfizer COVID Vaccine (PCV)”. The total cost of producing Q units of…
A: TC=100+50Q+0.5Q2 P=300-0.2Q
Q: Consider a lake found in the town of Center Barnstead, and then answer the questions that follow.…
A: The economic profit is the excess revenue made by the firm after deducting the total cost of…
Q: p=200-2q, re q is the number of rounds of golf that he plays per year. The manager of the Northlands…
A: Demand function (DF) DF shows the amount of a product that is being requested by a person at…
Q: he accompanying table shows Tom and Ray's total willingness to pay for different amounts of public…
A: Calculate the socially optimal recreational area Compute marginal willingness to pay for both Tom…
Q: You run a donut shop. You have two types of customers – early morning, and late morning. Below are…
A: Bundle pricing is a method in which producers bundle there different goods and charge a single price…
Q: a) If you sell EXCEL and WORD separately, what price for each maximizes your profit? What is your…
A: * ANSWER :-
Q: What would full marginal-cost pricing of water lead to?
A: GIVEN What would full marginal-cost pricing of water lead to IS
Q: Explain the terms necessary and sufficient, in terms of a farmer seeking to maximize profits in the…
A: Meaning of Production Function: The term production function refers to the situation under which a…
Q: Which are the two key ’problems’ encountered in aggregating on the consumer side, and why it not…
A: Aggregation:- The term "aggregation" refers to the link between micro and macroeconomic…
i need D,E,F subparts
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- The Campus Crustacean Company receives $2 per box for its crawfish and is selling 1,600 boxes to maximize its profits. What is the profit per box of crawfish at this equilibrium level of output if the average variable cost is $1 per box and total fixed costs are $1,200? Multiple Choice $0.25 $0.50 $1.00 $1.25Refer to the figure below to answer the questions. 1.) A corn producer's profit is RM200 and is producing 100 bushels of corn. Then he must have a cost per bushel of __________. 2) A corn producer produces 80 bushels of corn and sells each bushel at RM5. The cost of producing each unit bushel is RM2. This corn producer's total revenue is ________ and profit is ________. 3) A corn producer's total revenue is RM1,000. If she sells each bushel of corn for RM5, she must be selling ________ bushels of corn.A firm has access to two production processes with the following marginal cost curves: MC1 = 0.25x and MC2 = 6+0.1y, where output in production process 1 is x, output in production process 2 is y and hence total output produced is Q = x+y. Show your work to answer the following questions. (i) If it wants to produce 20 units of output, how much should it produce with each process? (ii) If it wants to produce 38 units of output, how much should it produce with each process? (iii) If it wants to produce 108 units of output, how much should it produce with each process?
- Your firm's research department has estimated your total revenues to be R left parenthesis Q right parenthesis equals 30 comma 000 Q minus 80 Q squared and your total costs to be C left parenthesis Q right parenthesis equals 1 comma 000 plus 20 Q squared. What level of Q maximizes net benefits?A firm is deciding between two different sewing machines. Technology A has fixed costs of $500 and marginal costs of $50 whereas Technology B has fixed costs of $250 and marginal costs of $100. If the price is $20 per unit, what is the break even amount of units for technology A? A firm is deciding between two different sewing machines. Technology A has fixed costs of $500 and marginal costs of $50 whereas Technology B has fixed costs of $250 and marginal costs of $100. If the price is $20 per unit, what is the break even amount of units for technology A? a. 70 b. 60 c. 50 d. None - They would have to shut downThree college students are considering operating a tutoring business in economics. This business would require that they give up their current jobs at the studentrecreation center, which pays $6,000 per year. A fully equipped facility can be leased at a cost of $8,000 per year. Additonal costs are $1,000 a year for insuranceand $0.50 per person per hour for materials and supplies. Their services would be priced at $10 per hour per person.A) What are fixed cost?B) What are variable costs?C) What is the marginal cost?D) How many students would it take to break even?
- 4. Smarty’s Dish company manufactures household and commercial satellite dishes according to the production function. C(Q1, Q2) = 100 + 5Q1 + 2Q2 + .5Q1Q2 Where Q1 and Q2 are household and commercial satellite dishes produced in a day, respectively. Suppose Smarty produces 10 household dishes and 8 commercial dishes per day. Should he divide production into separate facilities? Why? a. No. The firm enjoys cost complementarities b. Yes, because the firm does not realize cost complementarities c. No, because even though the firm does not enjoy cost complementarities, it does realize economies of scope at this level of output. d. Yes, because the firm does not enjoy cost complementarities, and it does not realize economies of scope at this level of output.If the total cost for producing widgets can be represented by TC = 8,000 + 0.75*X, where X is the number of widgets produced and total revenue can be represented by TR = 4.00*X, what is the break-even value for number of widgets produced? a. 1,684 b. 2,000 c. 2,462 d. 3,763A company is planning to manufactureand market a new two-slice electric toaster. After conducting extensive market surveys, the research department provides the following estimates: a weekly demand of 200 toasters at a price of $16 per toaster and a weekly demandof 300 toasters at a price of $14 per toaster. The financial department estimates that weekly fixed costs will be $1,400and variable costs (cost per unit) will be $4. a)Assume that the relationship between price ? and demand ? is linear. Use the research department’s estimates to express ? as a function of ? and determine the domain of the function. b)Using your knowledge from Finite Math, determine the Revenue functionin terms of ?. c)Determine the Marginal Revenu eat 2 different production levelsfor example 350 and 600 units. Interpret these results.(HINT: Consider what a positive or negative first derivative implies) d)Assume that the cost function is linear. Use the financialdepartment’s estimates to express the cost…
- True/False? Discuss. If there weren’t diminishing marginal returns all the rice in the world could be grown in a one-gallon planter.The market for high-quality matsutake mushrooms is dependent on the weather. If the weather is good, one kilogram matsutake mushroom can be sold for $30. In bad weather it sells for only $20 per kilogram. Matsutake mushrooms produced one week will not be kept until the next week, A small matsutake mushrooms producer has a cost function given by C = 0.5q^2 + 5q + 100 where q is weekly matsutake mushrooms production. Production decisions must be made before the weather (and the price of matsutake mushrooms) is known, but it is known that good weather and bad weather each occur with a probability of O.5. How much matsutake mushrooms should this firm produce if it wishes to maximize the expected value of its profits?The total cost equation for a firm producing two products is TC(Q1, Q2) = 25 + Q12 + 4Q22 + 5Q1Q2 (a) Do cost complementarities exist for this firm? (b) Under what circumstances do economies of scope exist for this firm? (c) Suppose that Q1 = Q2 = 3. Do cost complementarities exist? (d) Suppose that the firm is currently producing 5 units of Q1, and 10 units of Q2, What is the firm's total cost of production? e) Suppose that the firm divests itself of the division selling Q1 to a competitor. How much will it cost the firm to continue producing 10 units of Q2? What is the total cost of producing both Q1 and Q2 if the firm producing Q1 produces 5 units?