Price ATC MC AVC 8 4 10 11 12 13 Quantity The graph shows the cost curves of a firm in a competitive industry. The market price is $5. K09/21 VIEW SOLUTION SUBMIT ANSWER 17 OF 21QUESTIONS COMPLETED 28 MacBook Pro 名□ F3 esc :O F7 F8 F9 F2 8% 7 6
Q: ATC Price MC AVC 8 4 10 11 12 13 Quantity The graph shows the cost curves of a firm in a competitive…
A: In Perfect competition market, MR and AR curve coincides each other and is parallel to X-axis due to…
Q: Dollars MC per unit $40 36- ATC 32 28 D= MR = AR 24 20 AVC 16 12- 100 150 200 250 Quantity Refer to…
A: In a perfectly competitive market there are large number of firms producing similar and identical…
Q: PriceQuantity Total Demanded Revenue Revenue Marginal Total Cost Marginal Cost $24 1000 $24,000 ***…
A: GIVEN Price Quantity Demanded Total Revenue Marginal Revenue Total Cost Marginal Cost $24…
Q: A. At XYZ Restaurant, which sells only pepperoni pizza, has the cost profile: (Note that variable…
A: Given; Fixed costs= $5650 Variable costs= $5.56 Price= $10
Q: The revenue for a product is R(x) = - 0.004x2 + 21x – 6200 and the cost is C(x) = 0.02x + 38 for x…
A: We have the following information- R(x) = - 0.004x2 + 21x – 6200 C(x) = 0.02x + 38
Q: MC 2$ 10 .ATC AVC 6 5.50 4.50 2 100 300 Quantity Figure 1 7. Refer to Figure 1. At an output of 100…
A: A competitive firm experiences a perfectly elastic demand curve for its own good. This is because it…
Q: A firm hasaverage variable Costs of RO 60 per unit, average fixed costs of RO 40 per unit and can…
A: The profit of the profit maximizing firm is maximized at a point where marginal revenue is equal to…
Q: larginal Marginal revenue and marginal cost (dollars per can) evenue MC 16 12 Profit- maximizing…
A: The graph shows a perfect competitive market . It also shows quantity is horizontal axis and price,…
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: Price, cost, marginal revenue of diamond $100 60 20 MC ATC A. 10 -20 MR -40 Quantity of diamonds 4 5…
A: Monopoly is a form of market structure in which a single firm sells a commodity for which there are…
Q: MC 15 AC 11 10 AVC 40 4) The above figure shows the cost curves for a competitive firm. If the…
A:
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: 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: You are economic consultant for Jack, who farms raw cotton in a perfectly competitive market. One…
A: a. Given: Price = $2.00 Output = 1250 Pounds TC= $7500 FC= $5625 MC= $2.00 (a) Profit = TR−TC…
Q: Price (Rials per unit) MC ATC 7. AVC 1012 15 16 Quantity (units) 22. In the above figure, at a price…
A: An economic profit is earned by a firm, if Total Revenue (TR) = P X Q, is greater than the Total…
Q: Answer the attached question
A: Answer: Formulas to be used: TVC=L×PL (price of labor)TC=TVC+TFCMC=change in total costchange in…
Q: cost function of TC =100q(b)+1000. Show your steps. 1. Calculate the quantity of backpacks produced…
A: The term market price refers to the amount of money for what an asset can be sold in a market. here…
Q: Initial situation: The market demand for "internet boosters" in Clemson is defined by the function…
A: Equilibrium is achieved where demand is equal to supply.
Q: A bakery operating in competitive markets sells itsoutput for $20 per cake and rents ovens at $30…
A: A bakery is operating in perfectly competitive market where it sells output for $20 per cake and…
Q: Price Sdomestic Po = $50 F E Ddomestic Qo=10 Quantity In the graph above, total variable cost of…
A: In the above graph, P0 = $50 Q0 = 10 Therefore, Total Variable Cost = P0 x Q0…
Q: the average rectly petitive firm. ATC AVC 250 Me Tools 225 200 MR1 MR2 175 150 MR3 125 100 75 50 25…
A: A perfectly competitive market has a large number of firms selling homogenous product at a price…
Q: s the assistant manager of a restaurant, how many t formation for Saturday night's dinner menu:…
A: Given Demand = 91dinners per hour Server target utilization = 90% Service rate = 15 dinners/hour
Q: Asşuming this firm maximizes profit, it will: a. Produce 0A at a price of P Produce OD at.a.price of…
A: The perfectly competitive firm is a price taker and can sell any quantity of commodity at the market…
Q: Suppose that Harold sells hamburgers. The total cost of production, based on the number of…
A: Profit maximization qty is that qty where marginal revenue is equal to or greater than Marginal cost…
Q: 20. What is the Marginal Cost at Q=6? a) 7.50 b) 12 c) 20 d) 25 e) 45 f) 100 Og) 120 h) 160
A: The marginal cost is the cost of manufacturing an extra unit, and it relates to the change in…
Q: EN stion will save this response. Question 24 Interpret in below diagram and determine at what point…
A: Here in this given graph break even point is where MC equals ATC that is 6.5 units.
Q: $1q| MC 15 AC 11 10 AVC 40 5) The above figure shows the cost curves for a competitive firm. If the…
A: The given curve is: Market price per unit is $15
Q: 8. A firm is selling 3,000 units per month for $10 each; it can sell all it wants at that price but…
A: The firm is producing 3,000 units per month for price $10 each. The fixed cost is $9,000, variable…
Q: SETTINGS Cost Structure Low Cost Quantity 40 Quantity ($) 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: MC 13 ATC D AVC Units of output Figure 9.3 2.1) The firm's shutdown point corresponda to Paint (IM)…
A: Here, the given graph represents the marginal cost, average variable cost and average total cost…
Q: SMC 60 MR 50- ATC 42 50 40- 37 AVC 30 - 20 17 50 10 000 2000 3,000 4.000 Quantity units to i. If…
A: In perfectly competitive market, firms do not have any control over the market price. Price os…
Q: No.4) The Profit of Firm GG is uu= -2q² + 280q .What is the profit maximizing quantity? What is the…
A: We have the profit function, π = -2q2+ 280q In order to find the profit-maximizing level quantity,…
Q: Total product TFC AFC TVC AVC TC MC $. $. 1 $12 2 12 10 3 60 4 56 sheet) Fill out the table (already…
A: Hi, thanks for the question. As per the guidelines we are allowed to attempt the first three…
Q: 8.1 The fixed costs at Harley Motors are $1M annually. The m revenue of $9.90 per unit and $4.50…
A: Profit is calculated by finding the difference between total revenue and total cost.
Q: ESTION 2 re 2 shows on the long run cost and revenue cuoce. Figure 2 RM MC AC 14 10 D = AR EMR 10 11…
A: Until the average cost decreases, the marginal cost is lower than the average. When the average…
Q: QUESTION 1 ssume a perfectly competitive market. he graph below indicates the price and different…
A: In a perfectly competitive market there are large number of firms producing similar and identical…
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: Total product TFC AFC TVC AVC TC MC $. $_ $_ 1 $ $12 2 12 10 3 60 4 56 a. Fill out the table…
A: Disclaimer: Since you have posted a question with multiple sub-parts, we will provide the solution…
Q: A perfectly compettive firm is currently selling its product at $20 each. It estimates that its…
A: Given; Price of the product= $20 each Average total cost of production= $100 Average fixed cost of…
Q: Figure: Cost Curves for Corn Producers Price, cost of bushel $30 26 MC 22 18 ATC AVC 14 10 1 3 4 7…
A: In a perfectly competitive market, price is constant so price of equal to marginal revenue.
Q: Sal's Sneakers Price $250 $225 MC, MC2 $200 $175 $150 $125 $100 $75 $50 $25 MR D 10 20 30 40 50 60…
A: Total revenue is profit maximizing price multiplied by quantity.
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: her competitor in the long run. Main Avenue's ngth is 1 mile. The transportation cost sociated with…
A: Marginal cost alludes to the increment or diminishing in the cost of creating another unit or…
Q: MC ATC -AVC 12 D. AR 200 300 360 Number of Balduen High School yearboolos igure 10.5 The short-run…
A: A monopoly is a sole producer of a good in the market thus acting as a price maker whereas in a…
Q: P (dollars) MC ATC 60 50 AVC 35 10 Q (units) 100 300 450 Consider the following cost schedule for…
A: In perfect competition, If Price > AVC, then firm should continue production. If Price = AVC,…
Q: MC 15 AC 11 10 AVC 5-- 40 4) The above figure shows the cost curves for a competitive firm. If the…
A: Given that Market price (P) = $15 At P = $15, q = 40 (a) Calculate the total revenues of the…
Q: MC 18 AVC 16 14 13 20 Dollars
A: The Profit is maximized where the MR = MC. thus, profit maximization condition: MR = MC.
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.
What will be the firms total profit?
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- Jenni has decided to start knitting during quarantine. She decides to open an etsy shop where she can sellknitted hats. Each hat costs $4.50 in materials to produce, in addition to the fee of $150 to license her shop.She plans on selling each hat for $24.50. (a) Write the cost, revenue, and profit equations for Jenni’s hat buisness. (b) Determine the profit if 13 hats are sold.(c) Determine thebreak-evenpoint.AVC=10-0.03Q+0.00005Q2TFC=60If P=10, what is the profit maximizing level of output?Pls help with below homework. Mimi's is developing a Fiery Habanero muffin, which will NOT compete with anything Mimi's currently offers. Unit contribution margin for the new Fiery Habanero muffin would be $3.38. Contribution margin for the company's Banana Nut muffin is $3.25 per unit. Mimi's expects to sell 45,000 units of the new muffin, if it is introduced. Compute weighted contribution margin for the new muffin. (Rounding: penny.)
- Hau Lee Furniture, Inc., spends 60% of its sales dollars in the supply chain and has a current gross profit of $10,000. Hau wishes to increase gross profit by $5,000 (50%). He would like to compare two strategies: reducing material costs vs. increasing sales. The current material costs and production costs are 60% and 20%, respectively, of sales dollars, with fixed cost at a constant $10,000. Analysis indicates that an improvement in the supply chain that would reduce material costs by 8.3% ($5,000/$60,000) would produce a 50% net profit gain for Hau, whereas a much larger 25% increase in sales ($25,000/$100,000) would be required to produce the same result. Now Hau finds its current profit of $10,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau would like to improve the profit line to $25,000 so he can obtain the bank’s approval for the loanWhat percentage improvement is needed in the supply chain strategy for…TP/ Q PRICE TR MR AR TC MC PROFIT 0 50 0 0 0 120 30 -120 1 50 50 50 50 150 25 -100 2 50 100 50 50 175 18 -75 3 50 150 50 50 193 25 -43 4 50 200 50 50 218 30 -18 5 50 250 50 50 248 34 2 6 50 300 50 50 282 40 18 7 50 350 50 50 322 50 28 8 50 400 50 50 372 55 28 9 50 450 50 50 427 58 23 10 50 500 50 50 485 15 1. What is the output level that maximizes the profit? 2. At this level, how much are the firm's profit? 3. Identify the level at which the firm should shut down?Q3_A The Break even Analysis of firm show that: BEP = 1000 FC = 10,000 $ P = 3% of the quantity of zero profit. A) The point of intersection of TR with TC is at the cost point of $ 45,000 for TR. B) At the point where (zero units sold) TC equals $ 5,000 C) the start of the line drawing for TR is at cost point $ 0 D) the value UVC for the product in question equals $ 10) E)the FC value in a point for BFP equals $ 10,000 For the given choices, showing which one is True and which one is False, correcting the False ones and given a reasonable reason for the True. Write your answer below:
- Problem 6Cannes Croissants (not a real company) wishes to determine the optimum production quantity for its topselling product, almond croissants. The annual demandfor almond croissants is 12,000 units. The setup costs fora production run of the croissants is US$15. The holdingcost per unit per year is US$0.50. Production is mostefficient when 80 croissants are produced per day. Thecompany operates 300 days during a year.a What is the economic production quantity (EPQ)?b How many production runs will there by per year?c What is the maximum inventory level?d What is the total annual cost (in US dollars)?e What is the length of a production run in days?ABC Manufacturing produces a product for which the annual demand is 10,000 units. Production averages 100 per day, while demand is 40 per day. Holding costs are $10.00 per unit per year; set-up costs $500.00. A. Compute for the EOQ. B. Compute for the total costs (ordering and holding costs).A company is negotiating a contract to sell wooden boards overseas. The fixed cost that canbe allocated to the production of boards is $800,000 per month. The variable cost perthousand board feet is $155.50. The price charged will be determined byp = $600 − (0.5)D per 1,000 board feet.(i) For this situation, determine the optimal monthly sales volume for this product andcalculate the profit (or loss) at the optimal volume.(ii) Calculate/Identify the range of profitable demand during a month.
- 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 21 315 21 15 252 63 20 18 360 18 9 300 60 25 15 375 15 3 345 30 30 12 360 12 -3 383 -23 35 9 315 9 -9 428 -113 40 6 240 6 -15 478 -238 45 3 135 3 -21 533 -398 50 0 0 0 -27 593 -593 Provide a brief explanation of the firm's behavior to set production at 20 units at the price of P18 per unit.Why Marginal Cost (MC) is 1?? I did my calcutation and is 2. I replace on fucntion Q = L + (5)2 = L + 25, so L = Q - 25 and put on TC = 2(Q - 25) + 20(5) So TC = 2Q - 50 + 100 = 2Q + 50, then MC = dTC / dQ = 2 You may be replaced TC = wL + rK, but this function no contains Q variable Please confirm that. ThanksPlease help 1- Joes explicit costs are ….. ' 2- Joes implicit costs are…. 3- Joes economic profit in the first year is ….. dollars. >>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign.
