Q: Total revenue of the firm is $3500 and the price per unit is $70 Calculate output
A: The data presented in the above question is:- Total revenue = $3500 Price per unit = $70 Output is…
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A: The data presented in the question above is:- Price per unit = $30 Output sold = 66 units Total…
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A: The information being given is:- Output sold = 20 units Total revenue = $250 We have to calculate…
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Q: unit production cost
A: A total expenditure being incurred by a company for producing, storing, and selling one unit of a…
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A: selling price of an article = 250 Variable cost is given as 175/unit Fixed cost = 17,000 Price is…
Q: If average revenue is $44 and output is 20 units Calculate total revenue
A: Given information, Average Revenue (AR)= $44 Total output (Q)= 20 units To find: Total Revenue
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A: According to the above-mentioned question, we are given that:- Total revenue = $840 Output = 32…
Q: Calculate average revenue when it is given that Total revenue is $70 and output is 5 units
A: Given information is as follows:- Total revenue = $70 Output = 5 units We need to find the value of…
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Q: Calculate the value of total revenue if profit is $3000 and total cost is $1800
A: According to the above given question,we have the values:- Total cost = $1800 Profits = $3000 Using…
Q: Calculate output value if Total revenue is $2400 and price per unit is $60
A: According to the above given question, the values given are:- Total revenue = $2400 million Price…
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A: Please find the answer below. ECONOMIC ORDER QUANTITY (EOQ): Economic order quantity (EOQ) is the…
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A: The firms, and businesses are the entities, who are involved in the production of goods, and…
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A: Contribution margin shows the ability of firm to cover its variable cost with its revenue.
Q: The demand function for a manufacturer's product is D = 80 -3p , where D is the number of units and…
A: D=80-3p Inverse Demand: p=[(80-D)/3] Total Revenue=Price*Quantity TR=pD TR=[(80-D)/3]D TR=80D/3-D2/3…
Q: Define the term Operating costs?
A: Operating costs are day-to-day expenses associated with maintaining and running a business.
Q: Calculate price per unit if output is 4
A: The information being given is:- Total revenue = $3200 Output = 4 units We have to calculate total…
Q: If a firm has total revenue of $30,000 for January and the cost for the month are $26000 Calculate…
A: The information being given is:- Total revenue for January = $30,000 Total cost for January =…
Q: Find net profit if total revenue is $1000 and total cost is 30% of Total revenue
A: The data presented in the question above is:- Total revenue = $1000 Total cost = 30% of total…
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
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A: The best definition of the value of a good today is the price at which is sold in the current…
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A:
Q: Calculate price per unit if total revenue is $1000 and the quantity sold is 50 units
A: The information given is as follows:- Total revenue of the firm = $1000 Quantity sold = 50 units…
Q: Price per unit of chair is $330 and the output sold is 16 units Calculate Total revenue
A: The information being given is:- Price per unit of chair = $330 Output = 16 units We have to…
Q: Find output of total revenue is $6400 and the price per unit is 400
A: The given information is as follows:- Total revenue = $6400 million Price per unit = $400 Using…
Q: Calculate the value of no of units sold when total revenue is 7400 and the price per unit is $25
A: The information given to us is:- Price per unit = $25 Total revenue of the firm = $7400 We have to…
Q: The profit of a firm during the financial year is $1200 and cost incurred is $600. Find the…
A: Mark-up (over cost) = (Profit / Cost) x 100%
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A: The data presented in the question above is:- A firm's total revenue is = $3300 It's total cost is…
Q: If total revenue is $3500 and the price per unit is $70 Calculate output
A: The firms, or the producers are the entities who are involved in the production of goods, and…
Q: PROBLEM SOLVING. Solve for what is asked far. Use the space provided for your answer and complete…
A: Explicit costs are the payments that are actually made for conducting a business. Implicit costs are…
Q: Calculate price per unit of table if total revenue is $6600 and the output sold is 30 units
A: The data presented in the question above is:- Total revenue = $6600 Output sold = 30 units We have…
Q: Cost, revenue, and profit are in dollars and x is the number of units. Suppose that the marginal…
A: Profit = $7,816 Units = 396
Q: Total revenue is given as $500 and the quantity is given as 30 units. Calculate average revenue
A: # The average of total revenue which is gained on a single unit is given as average revenue.
Q: Quantity Demanded PerQuantity Supplied Per Price Per Unit Year Year $ 5 2,000 10 1,800 300 15 1,600…
A: The law of demand refers to the inverse or negative relationship between the quantity demanded of a…
Q: Calculate output if total revenue is $6600 and the price per UNIT is $11
A: The data presented In the question above is :- Total revenue = $6600 Price per unit = $11 Total…
Q: A seller can sell 3 diamond rings at a price of $12000 each. If he sells 4, his MR will be $10500.…
A: The following formula is used to find total revenue. Total Revenue = Price x Quantity
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A: Cost Function: A cost function in economics can be defined as a formula that predicts the cost that…
Q: A small factory produces a small toy with a fixed cost of $10,000month. If the factory manager wants…
A: Fixed cost = 10,000 Variable cost = $5 per unit Revenue = $15 per unit
Q: Calculate the value of output if price per unit of table is $115 and total revenue is $4946
A: The information being given is:- Price per unit of table = $115 Total revenue = $4946 We have to…
Q: Total revenue of producing 30 units of output from the above table is: Select one: a. $180 b. $435…
A: Total Cost : It is the summation of total variable cost and total fixed cost. It is incurred by the…
Q: Calculate the value of total revenue when average revenue is $77 and the no of units sold is 7
A: # The formula for average revenue is:- AR = TR/Q So TR = AR * Q
Q: Question attached
A: Total cost refers to the monetary value of inputs used by the firm in the production of goods and…
If total revenue is $550 and price per unit is $55
What is the value of output sold?
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- A manufacturer produces bolts of a fabric with a fixed width. The quantityqof this fabric(measured in yards) that is sold is a function of the selling pricep(in dollars per yard), sowe can writeq=f(p). Then the total revenue earned with selling pricepisR(p)=pf(p).The revenue for a product is R(x) = −0.004x^2 + 21x − 6200 and thecost is C(x) = 0.02x + 38, for x units produced and sold.Should output be increased or decreased to generate a higher profit?The revenue and cost functions for a particular product are given below. The cost and revenue are given in dollars, and xrepresents the number of units . R(x) = −0.2x2 + 172x C(x) = 78x + 10065 (a) How many items must be sold to maximize the revenue?(b) What is the maximum revenue?
- The operating budget of the Western Robotics Company was $300 million last year. If the operating budget this year is 12 percent less than last year, what is this year’s operating budget? Answer $_______ million.A company that produces cleaning products is considering a proposal to begin production of a new detergent that would cost $1 a bottle to make and distribute, and retail for $2.19 a bottle. Fixed cost for the operation would be $3000 a week. Assume that all output can be sold. (a) What would be the total cost, revenue and profit for a weeklyvolume of 10,000 bottles?The cost, in millions of dollars, of building a three-story high school in NewYork State was estimated to be: 2C x x x x 1.7 0.14 0.0001 20 400where x is the number of thousands of square feet. Suppose that you arecontemplating building a for-profit three-story high school and estimate thatyour total revenue will be $0.2 million dollars per thousand square feet.(a) What is minimum area for a three-story high school in New YorkState, that this model covers? (b) What is the variable cost of building a three-story high school in NewYork State? (c) What is the fixed cost of building a three-story high school in NewYork State? (d) Determine the profit function,P x( ), for building a three-story highschool in New York State? . (e) Determine,P(250) , for building a three-story high school in New YorkState, and interpret the result. (f) How many thousands of square feet should a three-story high schoolbuilding in New York State be in order to break even?
- A firm can produce only 2900 units per month. The monthly total cost is given by C(x) = 400 + 200x dollars, where x is the number produced. If the total revenue is given by R(x) = 350x − 1/100 x2 dollars, how many items, x, should the firm produce for maximum profit? a. x =______ items b. Find the maximum profit.A firm estimates its production function as Q = -2.4 + 20*L -.5*L2 + 30*K -1.00*K2 + 15*F -.3*F2. Total cost is TC = $2*L + $2.5*K + $1.75*F. The firm wishes to produce 400 units of output. Use Excel to find the cost minimizing amounts of L, K and F. How much F (Fuel) should the firm use?A company that produces cleaning products is considering a proposal to begin production of a new detergent that would cost $1 a bottle to make and distribute, and retail for $2.19 a bottle. Fixed cost for the operation would be $3000 a week. Assume that all output can be sold. (a) What would be the total cost, revenue and profit for a weekly volume of 10,000 bottles?
- (a) How would one estimate the full cost to an airline if one of its planes is held over for 24 hours in an airport for repair? (b) A company has spent $10 million to develop a product for market. During the product’s first two years, the company’s profit was $6 million. In recent years, the market was flooded by rival products and now the company is reassessing its product. If it abandons the product, it can recover $2 million of its original investment by selling its production facility. If it continues to produce the product, its estimated revenues for successive two-year periods will be $5 million and $3 million and its costs will be $4 million and $2.5 million. (After four years the plant will have zero resale value.) What would be the company’s best course of action? (c) Two decades ago, the global demand and supply curves for copper were: Qd = 15-10P and Qs = -3 + 14P, where Q is measured in millions of metric tons per year. Find the competitive price and quantity. Suppose that…If you were a taxi driver, the daily revenue and cost are as the following: Revenue: $250 Variable cost (gas, your labor…): $190 Mortgage payment for car: $70 License Fee: $30 For profit maximization, will you operate your taxi business today? What is the minimum daily revenue to keep the operation in the short run? What is the minimum daily revenue to keep the operation in the long run? Please show calculation formula and/or equation.A company handles an apartment building with 50 units. Experience has shown that if the rent for each of the unit is $760 per month, all the unit will be filled, but 1 unit will become vacant for each $20 increase in this monthly rate. If the monthly cost of maintaiing the apartment building is $12 per rented unit, what rent should be charged per month to maximize the profit? $ =