Determine the shutdown point for the company having the following cost function: TC(q) = 10 + 5q – 3q^2 + 0.25q^3 (q stands for the quantity produced). Put the just the number
Q: Find the marginal revenue function for the total revenue function given by 1 TR(Q) = 500Q- Find the…
A: a)TR(Q)=500Q-13Q3Now,MR=∂TR∂QMR=∂(500Q-13Q3)∂QMR=500-33Q3-1MR=500-Q2
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A: Cost function of a firm, C= C (q) The elasticity of cost, εc= qC×dCdq We know, Average cost, AC= C/q…
Q: If a firm shuts down temporarily, it will incur loss equal to
A: To find: If a firm shuts down temporarily, it will incur loss equal to
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A: Demand function, P = 50 -2Q Cost function , C= 10 +2Q
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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: The total Revenue curve of a firm is R(q) = 40q -12q^2 and its average cost A(q) = 1/30q^2 – 12.85q…
A: Given Total Revenue (TR) = 40q - 12q2 Average Cost (AC) = (1/30)q2 - 12.85q + 20 + 400/q
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A: TVC = TC-TFC where TFC = 100. So TVC = 25q -8q2 + 2q3
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A: Given:Qd = 187 - 4PQs = 49 + 9PMC = 2 + 3q
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Q: The total revenue curve of a firm is R(q) = 40q − 12q2 and its average cost A(q) = 1/30 q2 − 12.85q…
A: total revenue (TR) is defined as the total quantity(q) of commodity produced multiplied with its…
Determine the shutdown point for the company having the following cost function: TC(q) = 10 + 5q – 3q^2 + 0.25q^3 (q stands for the quantity produced). Put the just the number
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- A company produces very unusual CD's for which the variable cost is $ 15 per CD and the fixed costs are $ 50000. They will sell the CD's for $ 79 each. Let a be the number of CD's produced. Write the total cost C as a function of the number of CD's produced. C =$ Write the total revenue R as a function of the number of CD's produced. R=$ Write the total profit P as a function of the number of CD's produced. P=$ Find the number of CD's which must be produced to break even. The number of CD's which must be produced to break even is Question Help: Video Submit QuestionA local microbrewery has total costs of production given by the equation TC=500+10q+5q2. This implies that the firm's marginal cost is given by the equation MC=10+10q (you do not need to be able to show this). The market demand for beer is given by the equation QD=105 – (1/2)*P. a) Write the equations showing the brewery's average variable cost.PakPerfect Inc. estimates equation of its total costs of production as TC = 500 + 10Q + 5Q2 and market demand for its product as Qd = 105 – (1/2) P, where Q is quantity in units and P is price in Pak$. Write the equations of the firm’s costs, as a function of Q: Average Total Cost ATC Average Variable Cost AVC Average Fixed Cost AFC Given above costs can you determine what will be the firm’s production in Stage 1? What is the breakeven price and breakeven quantity for this firm? What is the shutdown price and quantity for this firm? Draw the firm’s costs in a graph as per your determination in (a). Label the breakeven and shutdown price and quantity using information in (b) and (c) above. Given the market price of Pak$ 50 how many units should the firm produce? how many firms are competing in this market in short-run? How many firms will be in the industry in the long-run? How do you interpret the profit or loss condition of PakPerfect? Use a two-panel graph of the Market and…
- Calculate the loss incurred by the firm if the total revenue is $630 and the total cost are $900Эшestion 1 A computer retailing company specializes in the sale of jump drives to community college tudents. The demand function for jump drives is p=2x+10x+1000 dollars For the samne company the average cost function is given as: ē = 2x +36x-1600- 20 * dollars Where p is the price in dollars and x represents units of output. 1) i1) Find the price and output that will maximize profit. Find the maximum profitcomplete the solution for Marginal profit of Y = dProfit /dY = -X - 4Y + 120
- A startup software company has indicated its cost, c(x), and revenue, f(x), as given below, such that x is the number of lines of programing code (units in 1000 lines). c(x) = 80000 - 2(x-200)2 f(x) = (x-10)3 + (x+10)2 Find the marginal cost analytically, and draw its graph Find the marginal revenue analytically, and draw its graph Solve for the x point where marginal cost is equal to marginal revenue analytically. Comment why is this point significant analytically. Write the profit function and draw its graph Is the profit function concave up or concave down?5 4 1 2 3 Output Alpha Limited is a perfectly competitive firm. The total cost (in dollars) of producing Q per day is given by the following cost function: C(Q) - 10+5Q+Q² Fixed Cost Variable Cost Total Cost ATC AFC AVC MCAMCO is a firm producing tables in Spain. It has a fixed cost of 100$ and a cost per unit of production of 2$. The demand function for a table is given by: P = 60 - 4Q 1. Find the equations of TR and TC. 2. Write down the equation of the profit. 3. Find Qwhen TR = 0 (x-intercept/roots). 4. Find Qwhen TR is a maximum. 5. Deduce the maximum total revenue (TR max).
- A firm's demand function is Q = 16 – P and its total cost function is defined as TC = 3 + Q +0.25Q 2 . Use these two functions to form the firm's profit function and then determine the level ofoutput that yields the profit maximum. What is the level of profit at the optimum?A firm in a competitive industry has the following cost function: c(y) = y3/3 - 20y2 +310y. (Note that this is a different cost function than the one used in the earlier problems.) What is the minimum price at which this firm will supply any output? (Also note that the question is asking for price, not quantity.) Answer is integer.If a firm faces the Marginal Cost schedule MC = 180 + 0.3Q2 and the MR schedule is MR = 540 = 0.6Q2 and that Total Fixed costs are 65. What is the maximum profit it can make? Assume that the second-order condition for maximum is met
