The profit derived from producing a certain product is p = 30x -X^2-200 where X = number of product units produced per month . What level of production will yield a zero marginal profit
Q: Electrical Components Profit A company’s dailyprofit from the production and sale of electrical…
A: Profit is the extra returns after a firm has remunerated all its expenditure. It plays an important…
Q: Your local fast-food chain with two dozen stores uses the company's internal corporate marketing…
A: Marginal cost is the extra expense brought about in the creation of another unit of a decent or…
Q: An entrepreneur intends to sell his product for 6.4$ each. The daily cost or expenses can be…
A: Price is 6.4$ each. cost or expenses= x+9.1+.11x^2,
Q: The firm recently changed the selling price of one of its products from ₱50.00 to ₱51.00. The…
A: Profit maximizing price formula is as follows P = VC * [n / (n - 1)] Where VC = Variable cost n =…
Q: Briley Cosmetics manufactures and distributes a wide range of skin care products. A recent order has…
A: Given: The quantity orders received of face cream = 10,000 The quantity orders received of body…
Q: the revenue function for making the worst widget is r(x)= 15.01x-100. The cost function for…
A: The cost function measures the minimum cost of producing a given level of output for some fixed…
Q: A company is negotiating a contract to sell wooden boards overseas. The fixed cost that can be…
A: Given Production of board = $800,000 per monthVariable cost = $155.50 Per thousand board feetPrice…
Q: If a business is experiencing increasing returns to scale (IRTS) then... Group of answer choices If…
A: Increasing returns to the scale means that as the firm increases its output capacity, the average…
Q: The following data pertain to a process: Time available per day = 500 minutes per day Daily demand =…
A: Given, time available per day = 500 minutes Daily demand = 157 parts per day Set up time = 6 minutes…
Q: Consider the production function:…
A: Profit of a firm is given by total revenue-total cost. Given production function is. Y = 0.75X +…
Q: A music store sells an average of 160 CDs per week at $24 each. The cost of producing x music CDs is…
A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: A company produces and sells a consumer product and is ableto control the demand by varying the…
A: Relationship between price and demand p=38+2700D-5000D2 for D>1 Where D is the quantity demanded…
Q: f current output is less than the profit-maximizing output, then the next unit produced
A:
Q: rooms. The rack rate for big room sale is $80 and small room sale is $40. The big and small room are…
A: The money paid to the components of production involved in manufacturing a good is referred to as…
Q: If cx) =x + 4x +57 is the total cost of producing x units of a particular čómmodity and p(x)-(36- x)…
A: A profit maximizing firm produces at the output at which marginal revenue (MR) equals to marginal…
Q: Find the maximum profit and the number of units that must be produced and sold in order to yield the…
A: We have given the revenue function R(x)=7x-4x2 .... (1) Cost function: C(x)=x3-5x2+4x+1…
Q: An Electronic Company produces calculators. The fixed cost of producing calculators is 450,000. The…
A: No profit, No loss means break even point. Formula for Break even units = Fixed cost / (Selling…
Q: Identify any two potential drawbacks that Unilever could face given their choice of sourcing method.
A: The RSP comprises a set of Mandatory Requirements that must be met by all of our suppliers in order…
Q: Profit The profit for a product is given by P(x) =19x - 5060, where x is the number of units…
A: Any firm main objective is to maximize its profit. The difference between the firm total revenue and…
Q: A manufacturer of a new patented product has found that he can sell 70 units a week to the customer…
A: Answer: Given, Price Quantity sold $48 70 units $78 40 units Fixed cost = $1710 Variable…
Q: Marginal cost is a. Any cost occurring after “time now” b. The ratio of total cost to total quantity…
A: Marginal cost explains the additional cost to the firm for producing one more additional good. In…
Q: A local specialty wine store normally sells an average of 95 imported wines from France - per month…
A: The term “elasticity of demand” is defined as a measure to show the responsiveness of the quantity…
Q: A firm has found from past experience that its profit in terms of number of unit X produces is given…
A: Profit a refers to the difference between total revenue and total cost. Profit per unit of product…
Q: A manufacturer can produce at most 90 units of a certain product each year . The demand equation for…
A: Total cost (TC): - it is the sum of fixed and variable costs incurred in the production process.…
Q: Two workers, A and B, produce the same product on identical machines. A receives P25.00 per hour and…
A: The hourly wage is how much cash paid to a representative for each hour of work performed.
Q: The Times-Herald is planning a special-edition magazine. The publishing expenses include fixed costs…
A: Assume that the quantity of the given good is equal to Q units.
Q: The marginal cost of production is found to be C'(x) = 1000 – 20x + x² where x is the number of…
A: Profit is maximized at the point where MR = MC Let quantity = x Price = 3400 Total Revenue = 3400x…
Q: A large company in the communication and publishing industry has quantified the relationship between…
A: Demand function is:- P=150-0.02D TR= Price×Demand…
Q: minimize total revenue b) what is the maximum value for total revenu
A: The firm's total revenue is product of price and quantity.
Q: A company has established that the relationship between the sales price for one of its products and…
A: Answer: (a). Demand function is p=75-0.1D Hence, total revenue is TR = p*D TR = (75 - 0.1D)*D = 75D…
Q: The maximum profit is $ The maximum profit will occur when pillows are sold.
A: The profit function is P(x)=-x3+12x2+144x-400, x≥5 This means that a minimum of 5 units of pillows…
Q: In MRP, scheduled receipts are replenishment orders that have been placed but not yet received. True…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: A firm's average total cost of production is Rs.300 at 5 units of output and Rs.320 at 6 units of…
A: Marginal cost represents the additional cost that the firm must incur when it produce one extra unit…
Q: Consider a firm with marginal costs of MC=70+2Q. The firm is considering investing in research and…
A: Marginal costs of production are changes in the total costs of production due to the production or…
Q: The marginal cost for a company to produce q items is given by MC(q)=0.004q2−0.6q+620. The…
A: Answer: Given, Marginal cost function: MCq=0.004q2-0.6q+620 Fixed cost= $8500 To find the marginal…
Q: Cost savings may be ________________ such as lower prices paid, or ______________ such as increased…
A: There are 6 types of cost cost savings : Historic saving Budget savings Technical savings RFP…
Q: A company produces and sells a consumer product and is able to control the demand for the product by…
A: p=$200-0.05D Now,Total Revenue for the company TR=PD=$200-0.05D Now,Marginal Revenue for the company…
Q: All of these statements about the production function are true EXCEPT a) the curve features 3…
A: a,b and c apply for production function Difference between firm and market specific risk cannot be…
Q: A copy company wants to expand production. It currently has 20 workers who share eight copiers. Two…
A: Marginal product of labor is the change in in output that arises due to employing an additional…
Q: After months of insufficient recognition (and 2 years without a raise), you accept an offer from…
A: When an employee on resigning from his present company is persuaded by an employer to keep working…
Q: Which of the following statements will hold good in the case of a system with uncertainty in demand…
A: A market is a place where the buyers and the sellers will interact with each other. In the course of…
Q: When there are economies of scope between products, selling off an unorofitable subsidiary could…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: The break-even price is equal to the minimum average cost of production. True False
A: Break-even analysis is helpful in setting production levels or a desired sales mix. Because the…
Q: X Segment has excess capacity. It produces product X at total product cost of 100 (includes 20 FC).…
A: Given information Excess capacity occurs when a firm is producing before the long-run optimum level.…
Q: Gasoline prices above $3 per gallon have affected what Enterprise Rental Car Co. can charge for…
A: Equilibrium price refers to the price at which the quantity demanded is equal to the quantity…
Q: Process mapping is a tool that reduces processes to their component parts or activities and helps…
A: Process mapping is the graphical representation with illustrative descriptions of how things get…
Q: Was it ethically acceptable for president regan to fire the striking air traffic controller?
A: During the Regan administration (1981-1988), supply side policies were implemented. The policy was…
Q: A firm can produce at most x = 2500 units per month, and their marginal cost function has been…
A: Total cost for 30 units is 70,000 Marginal Cost for 30 units is 1200+x TVC is the summation of MC.…
Q: A local restaurateur who had been running a profitable business for many years recently purchased a…
A: Given : The liquor license gives the legal right to the owner to sell wine, beer, spirits in the…
The profit derived from producing a certain product is
p = 30x -X^2-200 where X = number of product units
produced per month . What level of production will yield
a zero marginal profit ?
Step by step
Solved in 2 steps with 1 images
- Electrical Components Profit A company’s dailyprofit from the production and sale of electrical components can be described by the equation P(x) =6.45x - 2000 dollars, where x is the number of unitsproduced and sold. What level of production andsales will give a daily profit of more than $10,900?A company produces at most 15 (thousand) widgets per year. Its profit P, in thousands of dollars, is a function of n, the number of widgets prouduced per year( in thousands of widgets) the marginal profit is given by dp/dn = 20 + n -n^2. A. What is the marginal profit if n= 3 ( thousand widgets) should the company increase or decrease production B. What is the marginal profit of n= 8 ( thousand widgets) should the company increase or decrease production C. How many widgets should the compay proudcue in order to maximizeMarginal revenue of a product is the incremental revenue of selling an additionalunit of that product. Let, the revenue of selling 20 units of a product beRs. 15,000 and the revenue of selling 21 units of the same product beRs. 15,085. Then, the marginal revenue of selling the 21st unit____?
- Assume TC = 400 + 2Q3 What is the marginal cost at the 4th unit? Enter as a value.Round off your final answer to whole #. A company produces and sells a consumer product and is able to control the demand by varying the selling price. The approximate relationship between price and demand is p=45 + 2700/D - 5000/D2 for D > 1 The company is seeking to maximize its profit. The fixed cost is $1,000 and the variable cost is $38 per unit. What is the number of units that should be produced and sold each month to maximize profit?Profit The profit for a product is given by P(x) =19x - 5060, where x is the number of units producedand sold. Find the marginal profit for the product.
- A firm has found from past experience that its profit in terms of number of units x produced, is given by . TP = -X^3/3 + 729x + 2700 a) Find the value that maximizes the profit. b) Find the maximum profit. c) show that your answer in part (a) has been maximized,True/False Marginal cost is the addition to the total cost when more unit of output is being produced.derivative of the firm's profit function is F′(x) = −0.03x2 + 3x - 100, where x ≥ 0 is the output level. How should the company operate now
- Suppose your product sells for $1.20 per unit. The total cost of producing x units is C(x) = 50 + 0.20x + .001x^2 dollars. a.) Find the marginal revenue and marginal profit functions b.) Find the marginal profit when x = 400 c.) What is the approximate profit from selling the 401st unit? d.) Find the value of x for which the marginal profit is zero.The BCY Corporation provides accounting services to a wide variety of customers, most ofwhom have had a business association with BCY for more than five years.BCY's demand is: P = 24,000 – 20Q, and BCY's marginal cost of service is: MC = 40Q.a. If BCY charges a uniform price for a unit of accounting service, Q, what price must itcharge per unit, and how many units must it produce per time period in order to maximizeprofit? Calculate the consumer surplus.b. If BCY could enforce first-degree price discrimination, what would be the lowest pricethat it would charge and how many units would it produce per time period?c. With perfect price discrimination and ignoring any fixed cost, what is total profit andwhat is the amount of consumer surplus?A company estimates that the total revenue, R, in dollars, received from the sale of q items is ? = 3000 + ln(1 + 1000?^3) and the marginal cost is ??(?) = 0.05?^2 − 1.6? + 50. Calculate and interpret the marginal profit if q = 100.