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A: Given Information Demand function Q-90+2P=0 Average cost function AC=Q²-8Q+57+2/Q
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A: Total revenue, R (q) = 40q - 12q2 Average cost, A(q) = 1/30q2 - 12.85q +20 + 400/q
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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: Total revenue, R (q) = 40q - 12q2 Average cost, A(q) = 1/30q2 - 12.85q +20 + 400/q
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A: please find the answer below.
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
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Q: Best Orange Juice Company is located in Oman. The cost function for total orange juice production…
A: Profit maximizing quantity is where marginal revenue (MR) equals marginal cost (MC).
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
Q: Alchem (L) is the price leader in the polyglue market. All 10 other manufacturers (follower [F]…
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Q: A firm's demand function is Q = 16 - P and its total cost function is defined as TC = 3 + Q + 0.25Q²…
A: Economic profit is the difference between total revenue and total cost.
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A: Answer to the question is as follows :
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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: Solution - Given in the Question - Total Revenue curve of a firm R(q) = 40q -12q2…
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A: TR=900Q-3Q2MR=∂TR∂Q=900-6Q Now, we need to find MR at Q=20 Therefore, MR=900-6(20)MR=780 And TR =…
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Q: A firm's demand function is Q = 16 – P and its total cost function is defined as TC = 3 + Q + 0.25Q2…
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Q: Each firm in a competitive market has a cost function of: C= 25 + q°, so its marginal cost function…
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A: 2Q + P = 24 P = 24-2Q AC = 48/Q + 4
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A: Given: P = 100 - 2q TC =10+2q Total Revenue (TR) = PXQ = 100q - 2q2 Marginal Revenue (MR) = dTR/dq=…
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- Given a firms demand function Q-90+2P=0 and it's average cost function AC=Q²-8Q+57+2/Q. Find the level of output which maximises marginal cost.The total revenue curve of a firm is R (q) = 40q - 12q2 and its average cost A(q) = 1/30q2 - 12.85q +20 + 400/q, where q is the firm's output (1) Derive an expression Π (q) for the firm's profit functionThe demand and total profit function, P(x) for rooms in a hotel are given as follows. 3x = 600 - P P(x) = 450x – 3.5x2 - 4000 Where p is the price in ringgit per room and x is the quantity of room rented. Determine the marginal cost when 2 rooms are rented
- A company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500 per day when producing 15 sinks. The company has a daily demand function of q = 360 − p, where q is the number if laundry sinks demanded and p is te price of a laundry sink. (e) What is the maximum profit?The total Revenue curve of a firm is R(q) = 40q -12q^2 and its average cost A(q) = 1/30q^2 – 12.85q + 20 + 400/q, where q is the firm’s output. (i) Determine the level of output for which the firm's profit is maximized (ii) What is the firm’s maximum profit?Find the marginal revenue function for the demand function, Q=24-2P and evaluate at Q=10 .
- The total revenue curve of a firm is R (q) = 40q - 12q2 and its average cost A(q) = 1/30q2 - 12.85q +20 + 400/q, where q is the firm's output (1) What is the firm's maximum profitA company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500 per day when producing 15 sinks. The company has a daily demand function of q = 360 − p, where q is the number if laundry sinks demanded and p is te price of a laundry sink. (d) How many laundry sinks will the company need to produce in order to maximise it′s profits?Given Cost and Price (demand) functions C(q)=120q+45000 and p(q)=−2.8q+900, what is the marginal revenue when costs are $80,000? The marginal revenue is ____dollars per item.
- A firm has a linear demand function for it's product.When the price of the product is sh.20,the quantity demanded is 40 units.When the price increases to sh.240 the quantity demanded becomes 30 units.In addition,the firm's marginal cost function is giving by: Mc = 40q- 2q^2+2 Fixed cost = 5 million Where q= quantity demanded,Mc = marginal cost(sh.million) Required 1.The level of output that maximises profits 2.The maximum profit 3.The price of the product at the maximum profitThe total revenue curve of a firm is R(q) = 40q − 12q2 and its average cost A(q) = 1/30q2 − 12.85q + 20 + 400/q. The total cost function is C(q) = 1/30q3 – 12.85q2 + 20q + 400 . The profit function is Π(q)= –1/30q3 + 0.85q2 + 20q – 400 (i) Determine the level of output for which the firm’s profit is maximized. (ii) What is the firm's maximum profit?The total revenue curve of a firm is R(q) = 40q − 12q^2 and its average cost A(q) =1/30q^2− 12.85q + 20 + 400/q ,where q is the firms output. (I) Determine the level of output for which the firm's profit is maximized. (ii) What is the firm's maximum profit?