MC ATC -AVC 12 D. AR 200 300 360 Number of Balduen High School yearboolos igure 10.5 The short-run profit-maximizing level of profit will be -1800 -800 %24
Q: (Figure: Costs of Oil Production) Refer to the figure. Assuming that price equals marginal cost, the…
A: Total profit refers to the remaining total revenue of a firm after deducting all the costs.
Q: ) A two Product firm faces the fellow demand and cost functions- 40-2P1-P2 82=35-P-Pz C= 8it2¢十16 a)…
A: We have :- Q1=40-2P1-P2 Or P2=40-2P1- Q1………………………………(I) Q2=35-P1-P2 Or P2=35-P1- Q2…………………..(II)…
Q: Price/cost MC $52 ATC $40 $30 $28 $20 D $14 MR 100 130 140 160 Its total revenue will be $ Its total…
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Q: 45 40 35 30 25 15 10 MR MC-ATC Demand
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Q: Given: TR = 193Q -4Q^2 TC = 1/3Q^3-12Q^2+179Q+100 (A). Find Q to get maximum profit (B). Find…
A: Answer;
Q: commission's ruling on the profitability of the firm? 15 A company estimates that the demand for its…
A: Answer: Given, Demand function: q=280,000-400pLet us convert the above demand function into inverse…
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A: Answer: According to the given graph, if the price is given on the y-axis and the quantity is given…
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A: Monopoly is a form of market structure in which a single firm sells a commodity for which there are…
Q: Total Revenues ($) 250 000 Total Costs (S) - wages and salaries |- risk-free return of 2% on owner's…
A: Implicit cost is the self own cost , which is not hired by owner from outside and Explicit cost is…
Q: Price and Cost MC ATC AVC $40 $30 $28 $20 $12 500 600 700 1000 Quantity 1. If the market price is…
A: The MC will represent the marginal cost. The ATC will represent the average total cost. The AVC…
Q: Interpret in below diagram and determine at what point the short rus firm will shut down their…
A: When a firm enters and make production to sell the output in the market, it has the primary aim to…
Q: 24 MC ATC P= MR 200 0 1000 1.00 q Bushels of soyberans Figure 9.3 If this farmer is producing the…
A: please find the answer below.
Q: 32 12 +-- + 2 345 6 Number of emplayees Figure 8.2 Diminishing returns begin after the worker. 1st…
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Q: The Ylaya Textile Mill produces denim. The fixed monthly cost is P21,000, and the 2. variable cost…
A: Given information, Monthly fixed cost: P21,000 Variable cost per yard: P0.45 Sales price per yard:…
Q: 6. If the Marginal Cost for a product is found to be MC : as MR = 1200 and the cost of 8 units is…
A: d) For the output which maximizes the profit would be where MR=MC So,1200=8x+601140=8xx=142.5…
Q: Question 11 A manutacturing firm is considering three locations for a plant to produce a new…
A: Location Fixed Cost Variable Cost Dallsa 1,70,000 24 Atlanta 80,000 20 Phoenix 1,40,000 16
Q: 1.2 When Acme Dynamite produces 200 units of output, its variable cost is S3,000, and its fixed cost…
A: Variable costs change based on the amount of output produced. Variable costs may include labor,…
Q: ATC P MR 21 200 700 1000 140o0 g Bushels of soybeans Figure 9.3 This farmer's profit maximizing…
A: A perfectly competitive firm is a price taker and can sell any quantity of the commodity at the…
Q: A manufacturer of doors, windows, and cabinets writes her yearly profit (in thousands of dollars)…
A: Given Information P = 248319523 Fixed coat c = 403060 Suppose Income be = x1x2x3
Q: Lydia is trained as a statistician. She has a job offer with a buuness cons However, she wants to…
A: An economic profit is the difference between the revenue a commercial entity has received from its…
Q: Nick is planning on starting a mobile pizza oven. He is expecting his customers to spend $20 per…
A: Given, Price of pizza (selling price)= $20 Variable cost per pizza (variable cost) = $5 Total fixed…
Q: 4. What would be the price per unit if the firm in the figure below is producing the num of outputs…
A: Profit = Total Revenue - Total Cost
Q: A drywall company in Alberta manufactures dry-wall panels for modular construction companies.…
A: Given Variable cost VC(Q) = 20Q Fixed cost FC = 10875 Equation of the demand for dry-wall…
Q: A company produces a special new type of TV. The company has fixed costs of $478,000, and it costs…
A: Total cost is the sum of fixed cost and variable cost. TC = 478000 + 1200Q
Q: XYZ company can manufacture their own products and sells them. They are able to control the demand…
A: Profit maximizing quantity of output is where marginal revenue equals marginal cost.
Q: Suppose we know that p=1,056- D/5, where p: price in dollars and D = annual demand. The total cost…
A: For profit maximization the marginal cost should be equal to marginal revenue.
Q: P (dollars) MC ATC 60 50 AVC 35 10 Q (units) 100 300 450 If the market price is $60, then the firm…
A:
Q: Q Price TR AR MR TC MC Profit 0 30 0 0 0 70 -70 5 27 135 27 27 135 0 10 24 240 24 21 197 43 15…
A: Q Price TR AR MR TC MC Profit 0 30 0 0 0 70 0 -70 5 27 135 27 27 135 13 0 10 24 240 24 21…
Q: 6. A-One bakery in Brampton sells 350 fruit cakes slices each month for $3.25 each. They are looking…
A: Given information: A-one bakery sells 350 fruit cake slices each month for $3.25 each. Each $0.10…
Q: SETTINGS Cost Structure Low Cost Quantity 40 Quantity ($) Price, Average/Marginal Cost 225 200 175…
A: Monopoly is the form of market where single seller sale the product at high cost. There is entry…
Q: If Soltani factory produces 1000 pieces of products, its total cost is equal to 50,000 monetary…
A: Answer: Given, Quantity (Q) Total Cost (TC) (in monetary units) 1,000 pieces 50,000 2,000…
Q: Token price increases from $1.25 to $2.50: Ridership now declines to 25 % equivalent to 10 M less…
A: P1 = $1.25 P2 = $2.50 % change in price = (2.5-1.25)*100 / 1.25 = 100% Fall in D = 25% 0.25R = 10 M…
Q: Р МС $4.00 ATC $3.00 D $2.50 $2.00 MR 3,000 3,500 4,000
A: The imperfect competition is a market condition in which there will be many sellers selling…
Q: A company operates a summer camp. The cost data for a 12-week summer camp is as follows: Charge per…
A: Profit is the difference between total revenue and total cost.
Q: Given Cost and Price (demand) functions C(q) = 110q + 45000 and p(q) = - 2.8q+ 800, what profit can…
A: Thank you for the question, since you have posted multiple questions. As per BNED policy we can…
Q: Question Four a) A fim, focusing on producing meat pie has a demand function 20 25-0.25P. If fixed…
A: Hi! thank you for the question but as per the guidelines, we answer only one question and up to…
Q: TC MC AFC AVC TR MR AR PROFIT 1 15 17 3. 4 3.667 4. 26 2.5 22 4.4 39 1.67 37 5.286 52 1.25 9. 10 45…
A: Marginal cost measures the change in the total cost when there is an additional unit of output…
Q: 15. Assuming this firm maximizes profit, it will: a. Produce QA regardless of pricet b. Produee 0A…
A: The diagram given in the question shows the short run cost curves of a perfectly competitive firm.…
Q: XYZ company can manufacture their own products and sells them. They are able to control the demand…
A: To get the profit maximizing units of output we differentiate the profit function with respect to D…
Q: YCON101 FEX 2021 2Male Sppese the market price increased to $6. What is the firm's economic profit…
A: The following problem has been solved as follows:
Q: (a) Find the marginal profit for 2800 uni
A: Given : R(x) = −0.004x2 + 21x − 6200 C(x) = 0.02x + 38 Units=2800
Q: company selling televisions has monthly operating costs of $34750 and it costs the company $475 o…
A: Operating cost= $34750 Cost of TV= $475 Price=$850
Q: (a) What is the profit-maximizing level of output and how much daily profit will the producer below…
A: Profit Maximization is the main aim of all the firms existing in any economy irrespective of which…
Q: Exhibit 8-10 Dollars per unit $60 56 52 48 44 40 36 32 28 24 20 16 12 I MC -MR ATC AVC 4+ 100 150…
A:
Q: A. The table below shows the cost schedule of XYZ Company, producing face shields sold at P22 per…
A: We have given the cost schedule of XYZ company. The market price of face shields is 22.
Q: If the market price is $17/unit and the firm produces 4 units of output. If the total cost of…
A: Profit is something that you earn by doing business that is you sell something more than it costs.…
Q: a) What is theoretical relationship between Marginal Cost and Average cost b) If Total…
A: Average cost (AC) conveys the cost incurred on developing a typical unit of firm's product. It is…
Q: 0592 92 ) An electronic manufacturing firm has the profit function P(x) ++x2 -20 x 92x 20 20 20,and…
A: P(x)=-59220x3+9220x2-20x92x+20 =29.6x3+4.6x2-1,840x+20a.AC=29.6x3+4.6x2-1,840x+20x…
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- What two lines on a cost curve diagram intersect at the zero-profit point?The WipeOut Ski Company manufactures skis for beginners. Fixed costs are 30. Fill in Table 7.16 for total cost, average variable test, average total cost, and marginal cost.A computer company produces affordable, easy-to-use home computer systems and has fixed costs of 250. The marginal cost of producing computers is 700 for the first computer, 250 for the second, 300 for the third, 350 for the fourth, 430 for the fifth, 450 for the sixth, and 500 for the seventh. Create a table that shows the companys output, total cost, marginal cost, average cost, variable cost, and average variable cost. At what price is the zero-profit point? At what price is the shutdown point? If the company sells the computers for 500, is it making a profit or a loss? How big is the profit or loss? Sketch a graph with AC, MC, and AVG curves to illustrate your answer and show the profit or loss. If the firm sells the computers for 300, is it making a profit or a loss? How big is the profit or loss? Sketch a graph with AC, MC, and AVG curves to illustrate your answer and show the profit or loss.
- How does fixed cost affect marginal cost? Why is this relationship important?Ball Bearings Inc. faces costs of production as follows:Quantity Total Fixed cost Total Variable Cost0 200 01 200 502 200 703 200 904 200 1405 200 2006 200 360a. Calculate the company’s average fixed costs, average variable costs, average total costs, andmarginal costs. a. The price of a case of ball bearings is $50. Seeing that she can’t make a profit, the chiefexecutive officer (CEO) decides to shut down operations. What are the firm’s profits/losses?Was this a wise decision? Explain. b. Vaguely remembering his introductory economics course, the chief financial officer tells the CEOit is better to produce one case of ball bearings because marginal revenue equals marginal costat that quantity. What are the firm’s profits/losses at that level of production? Was this the bestdecision? Explain.Charlie Co. sells pastries and its production and cost table is given below. A workercosts $100 a day, the firm has fixed costs of $200.L Q MP MC TC ATC0 01 202 503 904 1205 1406 1507 155a. Complete the table above [7 marks]b. Compare the average total cost and the marginal cost and explain therelationship [3 marks]c. Describe the methods that can be used to determine where profit is maximized?[3 marks]
- Find marginal cost of the firm given:- Marginal profit = $800 Marginal revenue = $1200An economist left her $100,000-a-year teachingposition to work full-time in her own consultingbusiness. In the first year, she had total revenueof $200,000 and business expenses of $150,000.She made ana. implicit profit.b. economic loss.c. economic profit.d. accounting loss but not an economic loss.from Profit = 144X – 3X² – XY – 2Y² + 120Y – 35 to get the Marginal profit of X = d(Profit)/dX X = 144 - 6X - Y show the complete solution
- Charlie Co. sells pastries and its production and cost table is given below. A workercosts $100 a day, the firm has fixed costs of $200.L Q MP MC TC ATC0 01 202 503 904 1205 1406 1507 155a. Complete the table above b. Compare the average total cost and the marginal cost and explain therelationship c. Describe the methods that can be used to determine where profit is maximized?Question 4Charlie Co. sells pastries and its production and cost table is given below. A worker costs $100 a day, the firm has fixed costs of $200.L Q MP MC TC ATC0 01 202 503 904 1205 1406 1507 155a. Complete the table above b. Compare the average total cost and the marginal cost and explain therelationship c. Describe the methods that can be used to determine where profit is maximized?A special shoe manufacturer ABC Co. has costs of production as follows and solve all the subparts: Quantity 0 1 2 3 4 5 6 Total Variable Cost ($) 0 50 70 90 140 200 360 ABC Co.’s fixed costs are $100. Calculate average fixed costs, average variable costs, average total costs and marginal costs at each level of production. Draw the company’s cost curves in a clearly labelled graph. The price of ABC shoe is $50. What are the company’s profits? In case of loss, should the CEO continue operations or decide to shut-down? Which would be a wise decision? Explain. The chief financial officer tells the CEO that it’s better to produce only one shoe this month. What could be the reason for this advice by the CFO? What are the firm’s profits at that level of production? Is this the best decision? Explain.
