P 24 17 14 8 [Select] [Select] 100 [Select] 140 X MC ATC For the first-degree (perfect) price discriminating firm depicted above. Demand is represented by [Select] and marginal revenue is represented by . Profit maximizing output would be Z Q and deadweight loss would be approximately
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For the first-degree (perfect) price discriminating firm depicted above. Demand is represented by
[Select]
and marginal revenue is represented by
. Profit maximizing output would be
and deadweight loss would be approximately
Z
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- Mad Rabbit is a manufacturer and distributer of Royalex hull wilderness canoes. Revenue and cost relations are as follows: TR = $200Q - $0.06Q2 MR = DTR/DQ = $200 - $0.12 Q TC =$75,000 + $6Q + $0.0125Q2 MC= DTC/DQ = $6 + $0.025Q Calculate output, price and profit at the average cost-minimizing activity level. Calculate output, price and profit at the profit-maximizing activity level. Calculate the level of output and price that will maximize sales revenue. What is the profit associated with this activity level? Plot Mad Rabbit's demand curve, marginal revenue curve, marginal cost curve and average cost curve on the same graph (quantity on the horizontal axis). Show your graphical solutions (price, quantity, profit) to parts A, B and C on this graphExotic Metals, Inc., a leading manufacturer of beryllium, which is used in many electronic products, estimates the following demand schedule for its product. Find the total revenue and marginal revenue schedules for the firm and complete the following table. Price Quantity Total Revenue Marginal Revenue ($/Pound) (Pound/Period) ($/Period) ($/Period) 25 0 0 18 1,000 18,000 18.00 16 2,000 14 3,000 12 4,000 10 5,000 8 6,000 6 7,000 4 8,000 2 9,000 Fixed costs of manufacturing beryllium are $14,000 per period. The firm’s variable cost schedule is as follows: Determine the average total cost and marginal cost schedules for the firm and complete the following table. Output Variable Cost Total Cost Marginal Cost (Pound/Period) (Per Pound) ($/Period) ($/Period) 0 0 0 1,000 10.00 24,000 24.00 2,000 8.50 3,000 7.33 4,000…Explain these components related to airline industry in term of price discrimination : a) Competitive Pricing
- (Market Power) In a monopoly market, the demand function is Q = 200 - P/2, while the total cost function is C = 285 + 20Q. 4a. Calculate the balance of P, Q, and Profit. 4b. Calculate the market power (Lerner Index) of the company. Thank you for the help Bartleby!Seafood Salt Company wishes to third degree price discriminate to meet competition in two markets A and B. The firm’s total cost schedule is TC = 300 + $2*QA + $2*QB. Demands in the two markets are QA = 120-10*PA and QB = 120 – 20*PB. The profit-maximizing prices to charge in markets A and B are PA = _____ and PB = __Given: Desktop Publishing Software Inc, develops and markets software packages for business computers. Although, sales have grown rapidly during recent years, the company's management fears that a recent onslaught of new competitors may severly retard future growth opportunities. Therefore, it believes that the time has come to "get big or get out". The marketing and accounting departments have provided management with the following monthly demand and cost information: P = $1,000 - $1Q TC = $50,000 + $100Q Question 1: Find; Derive the Marginal Revenue & Marginal Cost Equations TR = ___________ MR = ___________ TC = ___________ MC = ___________ Question 2: Profit Maximization: Solve for Monthly Q, P, TR, TC and Profit Q = ___________ P = ___________ TR = __________ TC = __________ PROFIT = __________ Question 3: Revenue Maximization: Solve for monthly Q, P, TR, TC, and Profit Q = ____________ P = ____________ TR = ___________ TC = ___________ Profit = __________
- Can you help me with the Question D, E, and F? I would like check for the answer. So you don't have to calculate the questions for A, B, and C because I already figured out the answers. Thank you for the help. Rosebud Private Limited produces cooking oil and has many competitors producing close substitutes products. The firm has the following revenue and cost functions. TR = 15Q – 0.3Q2 TC = 8Q + 0.02Q2 Where Q is output and price is in $. A. Identify the market structure the firm is operating in. Explain your choice. B. Determine the output that maximizes total revenue. C. Using marginal approach, determine the output and price that maximizes profit. (Hint: TR=P.Q) D. Determine the profit/loss of the firm. E. Based on approach in (c), illustrate using completely label diagram for situation that you obtain in (d). F. Is the firm operating in the short run or long run? Give your reason14-2 German Brothels German brothels recently began offering a monthly subscription service for multiple purchasers. If you wished to reduce the incidence of prostitution, would you consider this pricing plan to be a desirable change?7. A paint store sells 270 pails of paint per month at a price of $32 each. A customersurvey indicates that for each $1.20 decrease in price, sales will increase by 6pails of paint.(a) Determine the demand, or price, function.(b) Determine the revenue function (using (a)).(c) Determine the marginal revenue function.(d) Solve R’(x) = 0. Interpret the meaning of this value for this situation.(e) What is the price that corresponds to the value found in part (d)?
- You must have to submit the correct answer. If price is $25 when the price elasticity of demand is -0.5, then marginal revenue must be: Answer $25 -$25 $12.50 $37.50 $50An auto part manufacturer sells six different parts to automobile companies: spot lights (A), break lights (B), headlights (C), thermostat (D), fan ditch (E), and battery (F). Demand is expected to be within 2,000, 1,500, 1,800, 1,200, 1,000 and 1,000 units of each of the auto parts, respectively. The table that follows summarizes the revenues and material costs for each product: Auto Parts Produced A B C D E F Price per Unit 200 120 180 200 430 260 Material Cost per Unit 35 25 40 45 170 60 Each of these auto parts needs to be tested before being sold. Specifically, there are three different tests the protocol requires each part passes, before completing the quality check. Appropriate testing equipment is required for each test: T1, T2 and T3. Equipment T1 and T2 are available 100 hours per week each, while T3 is available only 80 hours per week. The time (in minutes) required per device for each of the three tests is…Q5. Demand equation of fiction tiles is estimated as P = 8000-24Q. Find I) the marginal revenue when Q=100.
