Given that the additional cost to produce an extra unit is 400 – 3x, profit is 700 - 4x – 2x ?, and fixed cost is RM25, find and express the total cost and total revenue in terms of x.
Q: If demand function is p = 160 - 0.0025x and Cost function is C = 15x + 0.0025x². Find the quantity…
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A: Note: There are four sub-parts in the given question. Hence, we shall solve only the first three sub…
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A: Variable costs are any expenses that change based on how much a company produces and sells. This…
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A: Demand function: q=-40x+600 Total Cost=Fixed Cost+Variable Cost Fixed Cost=$400 Variable cost=$5x…
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A: The marginal revenue (MR) measures the addition to the total revenue when one more output unit gets…
Q: If the total cost for producing widgets can be represented by TC = 8,000 + 0.75*X, where X is the…
A: Given Information: Total cost (TC) = 8,000+0.75*x Total revenue (TR) = 4.00*x = 4x Number of widgets…
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A:
Q: A music store sells an average of 160 CDs per week at $24 each. The cost of producing x music CDs is…
A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Find the economic profit when the total revenue is 21,000 and the total cost is 14,000?
A:
Q: 3. Given the total profit and the fixed cost TFC is 40, variable cost are 2 then the total revenue…
A: Total revenue is the total receipts a seller can obtain from selling goods or services to buyers. It…
Q: Suppose that the marginal revenue for a product is MR = 900 and the marginal cost is MC = 33,(x+9),…
A: Given Marginal revenue = 900 Marginal cost = 33√(x+9) X = 5units. Profit(π) = Total revenue- Total…
Q: A company estimates that the total revenue, R, in dollars, received from the sale of q items is R(q)…
A: Total profit is calculated by the total revenue less the total cost of production. Marginal cost…
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…
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A: We have given the revenue function R(x)=7x-4x2 .... (1) Cost function: C(x)=x3-5x2+4x+1…
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: Maximizing profit. For Exercises 23-28, find the maximum profit and the number of units that must be…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
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A: Profit maximizing quantity is where marginal revenue (MR) equals marginal cost (MC).
Q: You are the CEO of Widget World Corporation. Researchers have developed a new electronic widget. The…
A: Expense Function is made up of Fixed Cost and Variable Cost Total Revenue = Price * Quantity Fixed…
Q: Cost, revenue, and profit are in dollars and x is the number of units. A firm knows that its…
A: Hi, thanks for the question. Since there is multiple subparts, I will answer for the first question.…
Q: The revenue and cost functions for a particular product are given below. The cost and revenue are…
A: Given values; R(x) = −0.2x2 + 172x C(x) = 78x + 10065
Q: Best Orange Juice Company is located in Oman. The cost function for total orange juice production…
A: MC = dC/dx = 0.5x = 0.5xs + 0.5xm Pm = (100 - xm) / 2 = 50 - 0.5xm Ps = (100 - xs) / 4 = 25 - 0.25xs…
Q: The demand function and total cost function for a product are 6P = 660 − 3Q, TC = 80 − 20Q2 + 600Q…
A: We can find the P as P= (660-3Q)/6 = 110-0.5Q
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Q: Refer to the figure below to answer the questions. 1.) A corn producer's profit is RM200 and is…
A: The marginal revenue is the additional revenue earned from the sale of one more unit of good. Total…
Q: Average and marginal profit Let C(x) represent the cost ofproducing x items and p(x) be the sale…
A: Given C(x) = -0.02x2 + 50x + 100, p(x) = 100 - 0.1x, a = 500
Q: A company estimates that the total revenue, R, in dollars, received from the sale of q items is R(q)…
A: The total revenue refers to the revenue earned from selling all the units. The marginal revenue…
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A: The break even point of a firm occurs when the total revenue equals total cost. The total cost curve…
Q: 3. Given the total profit and the fixed cost TFC is 40, variable cost are 2 then the total revenue…
A: The method for Total Revenue is as follows: Number of Products Sold x Price Per Product = Total…
Q: Given total revenue (TR) and total cost (TC) functions as 2. TR 14000Q-6Q and TC 1500+80Q. Find the…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: given the function c(x) = 100 + 8x + 0.1x^2 find the marginal profit At x = 50 if the price per unit…
A: given c(x) = 100 + 8x + 0.1x^2 x = 50 and price per unit (P)= 20
Q: The total cost and total revenue functions for a product are C(q) = 80000 + 50g +0.004q? R(q) = 150g…
A: Hey, thank you for the question. Since there are multiple questions posted, we will answer first…
Q: Suppose a company has fixed costs of $32,000 and variable costs of 4/9x + 333 dollars per unit,…
A: Fixed cost= $32000 Variable cost= 4/9x+333 Selling price= 1365-5/9x
Q: Given Cost and Revenue functions C(q)=q3−10q2+52q+5000 and R(q)=−3q2+2400q, what cost is incurred…
A: Marginal profit means for a unit change in quantity how much profit will change . It is the profit…
Q: A manufacturer estimates marginal revenue to be 1 R'(q) = 100q 2 per unit when the level of…
A: Marginal profit is the profit change due to change in one or more units of production or we can say…
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: A firm is producing computer monitors. The market price per monitor is P1=$450. The cost function is…
A: we have new price =$130 cost function =C(Q)=1,500+2.8Q2 so, marginal cost (MC) = 2.8x2xQ=5.6Q so,…
Q: The demand function for a tablet is given by the model P= 200-16x2 where p is measured in dollars…
A: Demand Function : P= 200-16x2 Cost /unit = 50 Total Cost = 50x Profit = 125 million x = 2.5 million…
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: 2. If the demand function for products A and B is in the order Pa = 36 - 3Qa and Pb = 40 - 5Qb and…
A: Profit (Z) = TRA + TRB - TC = (Pa x Qa) + (Pb x Qb) - Tc = 36Qa - 3Qa2 + 40Qb - 5Qb2 - Qa2 - 2QaQb -…
Q: The total revenue of a purely competitive firm from selling 6 units of output is $48. Based on this…
A: Units=6 Total Revenue=48
Q: f the average cost function of a good is AC = 2Q + 6 + 13 Find an expression for MC. If the current…
A: AC(average cost) is the TC(total cost) divided by Q(quantity). MC(marginal cost) is the change in TC…
Q: To produce x units of a religious medal costs C(x) = 15x + 108. The revenue is R(x) = 33x. Both cost…
A: Breakeven quantity is the number of incremental units that the firm needs to sell to cover the cost…
Q: A manufacturer's marginal revenue function (a) :is dr If r is in omani rials, = 250 – q – 0.3q². dą…
A: “Hey, thank you for the question. Since there are multiple questions posted, we will answer first…
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- Antoine rents rooms in his hotel for an average of $100 per night. The variable cost per rented room is $20, to cover maid service and utilities. His fixed costs are $100,000 and his profit last year was $20,000. For Antoine, the contribution per unit is $100 $80 $1005 $800A company has a production capacity of 500 units per month and its fixed costs are P 250,000 a month. The variable costs per unit are P 1,150 and each unit can be sold for P 2,000. Economy measures are instituted to reduce the fixed costs by 10% and the variable cost be 20%. Determine the old and new break-even point, old and new monthly profit at 100% capacity.When the production volume (Q)is(100)units the total costs (TC)is (1500)omani RIyals and fixed costs (900) Riyals so the Average Variable costs AVC will be
- The costs of producing a certain commodity consist of 125.00 per unit for labor and material cost and 320.00 per unit for other variable cost. The unit can be sold at 1,200.00. If the production capacity per month is 5,200 units, what maximum fixed amount can the company spend each month of breakeven? Answer: 3,926,000.00 Explain every process.In a building construction project, 7,500 feet of insulated ductwork is required. The ductwork is made from 14-gauge steel costing $8.50 per pound. The 24-inch-diameter duct weighs 15 pounds per foot. Insulation for the ductwork costs $10 per foot. Engineering design will cost $16,000, and labor to install the ductwork will amount to $180,000. What is the total cost of the installed ductwork for this project?Company sells titanium alloy fasteners for airframe applications. The fasteners sell in packets of 1000 units, which each packet selling for $145. The company's total cost function is:TC = 3,200,000 + 0.002 Q^2,in which Q is expressed in packets produced per year and TC in dollars per year.What is company's annual profit if the quantity of packets produced and sold per year is 50,000?
- Given that the relationship between the sales price for one of a company’s products and the quantity sold per month is D = 500 – 5p units where D is the demand or quantity sold per month and p is the unit price in dollars. The fixed cost is $1,000 per month, and the variable cost is $20 per unit produced. (a) Determine the optimal number of units that should be produced and sold per month. (b) What is the maximum profit per month related to the product? (c) What is the company’s range of profitable demand? Support your answers graphically.If explicit cost equals to $40000 and implicit cost $ 95,000 and the accounting profit is $23,000 what is the revenue and the economic profitThe total cost of an MBF plant is 35,000 units if it produces 500 products, and a total cost of 60,000 units if it produces 1,000 units of the same product. If each number of products is sold at a price of 100 monetary units, it is recommended: a. Draw a diagram to determine its breaking point. B. If we want to make a profit of 20,000 units by selling 1,500 products, what is the variable cost? P(Profit) = pQ-(F+vQ) TR=pQ Q=F/(p_v) TC=F+vQ
- 1. A service station uses 2500 oil filters during the course of a year, and this usage is constant throughout the year. These oil filters are purchased from a supplier 100 miles away for $15 each, and the lead time is 2 days. The holding cost per oil filter per year is $1.50 (or 10% of the unit cost) and the ordering cost is $18.75. There are 250 working days per year. a) What is the service station's optimal order quantity and total annual cost of inventory?A call center in India used by U.S. and U.K. credit card holders has a capacity of 1,500,000 calls annually. The fixed cost of the center is $850,000 with an average variable cost of $1.95 and revenue of $3.25 per call. Find the percentage of the capacity that must be placed each year to break even.The cost of producing a computer diskette is as follows: Material cost is $7.00 each, labor cost is $2.00 each, and another expense is $1.50 each. If the fixed expenses are $69,000/month, how many diskettes must be produced each month for break even if each diskette is worth $250?