XYZ Corporation produces garments. Its cost function is C(Q) = 1.5Q. The inverse demand function is P = 9 – 0.005Q. Draw a diagram to answer the following questions. Be sure to label your diagram completely.

Q: Consider the following data: equilibrium price is 9.50, the quantity of output produced is1,000…

A: It is given : Price= 9.50 Quantity of output produced = 1000 units Average total cost = 8  Average…

Q: The inverse demand function and cost function is given by P= 50-2Q and C = 10+2Q Calculate the total…

A: Demand function, P = 50 -2Q Cost function , C= 10 +2Q

Q: If it is projected that there will be 100 tickets sold at a dinner price of $115.50, which catering…

A: The objective of any private organization is to maximize its profit. Here, the company decides which…

Q: Let x denote the level of output of a firm’s production process. The cost function is given by C (x)…

A: Profits are the excess of revenue receipts over the costs incurred by the firm. To maximize profits,…

Q: Given a cost function C(x) = x 2 +50x+200 and a demand curve p = 200 − 2x, find the number of units…

A: Profits are the excess of revenue receipts over the costs incurred in the production of activities.

Q: Suppose a firm has the following demand and cost functions (ATTACHED) A. Calculate the profit…

A: Profits are the excess of the revenue receipts over the firm’s total spending incurred during a…

Q: Joshua owns a small boat and catches lobster off the coast of Maine. His weekly cost function is…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: A firm can sell its output at the price p=10 per unit.  The firm’s cost function is C=16+q2 To…

A: Given:  P=10 per unit Cost Function :  C=16+q2

Q: Consider a firm with the total cost function given by TC(Q) = 2Q² + 100. Choose all the correct…

A: Formula:- Marginal Utility=dTCdQAverage Utility=TCQwhere;TC= Total UtilityQ= Quantity

Q: As quantity increases, a firm's average fixed costs will always....

A: average fixed cost (AFC) is  defined as the fixed costs of production (FC) divided by the quantity…

Q: The cost function for Acme Laundry is:    TC(q)=10+10q+q^2  so its marginal cost function is:…

A: The cost function measures the minimum cost of manufacturing a given level of output for a few fixed…

Q: The demand curve of a firm is p=1200–21q and its total cost is C(q) = 2q° – 66q² +600q+1000 where q…

A: Given that, The demand curve of a firm is  P = 1200 - 21q  Total cost is  C(q) = 2q3- 66q2+600q…

Q: The total revenue curve of a firm is R(q) = 40q − 12q2 and its average cost A(q) = 1/30q2 − 12.85q +…

A:

Q: Question: The price - demand equation and the cost function for the production of HDTV s are given…

A: Given x=9000-30pandx=15000+30xx=9000-30pp=900030-x30⇒P=300-x30We know that demand x and price…

Q: The marginal cost curve of a firm is MC = 6y + y2 .

A: Answer: Given that:     The marginal cost curve of a firm is MC = 6y + y^2 . Total variable costs to…

Q: Eccles Incorporated (based in Ogden) manufactures precision steel sprockets for applications…

A: Costs are the expenses that a firm incurs in the form of purchase of inputs to produce goods and…

Q: Find the point of diminishing returns (x.y) for the function R(x), where R(x) represents revenue (in…

A: The law of diminishing returns states that, after the optimum level capacity, every additional unit…

Q: The graph shows the cost curves are they profit maximizing firm in a competitive market. If the…

A: In a competitive market, there are a large number of sellers and buyers who have full information…

Q: Suppose the (inverse) demand for a firm’s product is given by P = 10−2Q and the cost function is…

A:

Q: A profit-maximizing firm in a competitive market is currently producing 100 units of output. It has…

A: In case of perfect competition there are large number of buyers and sellers. The firms sell…

Q: In the given diagram, BDE represents the average variable cost and BCDF represents the marginal cost…

A: the average variable cost is the variable cost per unit. Average variable cost is determined by…

Q: What effect might a decrease in the  demand for high definition television have on the short-run…

A:

Q: A local newspaper currently has 84,000 subscribers at a quarterly charge of $30. Market research has…

A: The measure that depicts expenses that are being incurred for carrying out day-to-day transactions…

Q: The cost function of competitive firm is TC = 20 + 5Q2. The product's market price is 30 AZN. Please…

A: Let Q is unit of output produced. Product price is 30 per unit.  ----------------- Total revenue =…

Q: suppose a firm has the following demand and cost functions A. Calculate the profit function B. Find…

A: Profit is the difference between total revenue and total cost

Q: The demand curve for Blivets has the formula P =h(q) = 12-4q Where q is measured in thousand of…

A: The revenue is the total amount of money which can be made from selling all the units of output. The…

Q: Match each graph with the function it best represents-a demand function, a revenue function, a cost…

A: Graph a = Demand function, decreases, increases Graph b = Cost function, increase linearly Graph c =…

Q: A company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500…

A: Profit maximizing level of output is at the point where marginal cost MC equals marginal revenue MR.…

Q: A firm’s demand function is P= 60 − 0.5Q If fixed costs are 10 and variable costs are Q + 12 per…

A: Profit is the amount which a producer earns over and above of all the costs. We can calculate profit…

Q: The cost function for Acme Laundry is ​C(q)=50+30q+q2​, where q is tons of laundry cleaned.…

A: In economics, profit maximization is the short run or long run process by which a firm may determine…

Q: It costs a coat manufacturer $8750 to make 125 coats and it costs $6500 to make 80 coats.  Each coat…

A: According to the question,  It costs a coat manufacturer $8750 to make 125 coats and it costs $6500…

Q: For a firm’s product, the demand function is p =72−0.04q and the average cost function is i. ¯ c =…

A: Answer: Given information: P (price) = 72 – 0.04q Where q is the quantity To find: Output at which…

Q: Dwight is selling baskets of beets. If the profit in selling a baskets is P(x) = 200x² 3 200x + 400…

A: A profit function is a mathematical formula that relates a company's total profit to its output. It…

Q: The total revenue curve of a firm is R(q) = 40q − 12q2 and its average cost A(q) = 1/30q2 − 12.85q +…

A: Solution - Given in the Question - Total Revenue curve of a firm R(q) =  40q -12q2…

Q: A street musician bought a new fiddle for $850.00. Assume she breaks 1 string each hour and can buy…

A: Cost is a sum of fixed cost and variable cost. Fixed cost does not depend on hours worked on playing…

Q: The demand function for a product is p = 40 – 29 where p is the price in dollars when q units are…

A: In Economics, Revenue functions are used to determine the maximum possible output which could…

Q: The cost function for Acme Laundry is:    TC(q)=10+10q+q^2  so its marginal cost function is:…

A: Introduction: In economics, the marginal cost of production is the difference in total production…

Q: Inverse demand function for a firm is P(Q) = 100 -2q and the cost function is represented as C(q) =…

A: Given: P = 100 - 2q TC =10+2q Total Revenue (TR) = PXQ = 100q - 2q2 Marginal Revenue (MR) = dTR/dq=…

Q: MC ATC MR

A: In a perfectly competitive market, there are a large number of firms producing similar and identical…

Q: What is the term for the lowest level of output at which a firm's goods are produced at minimum…

A: please find the answer below.

Q: A demand of 230 banquet attendees can be expected at a dinner plate price of $80.00 each. A demand…

A: The Profit Function s for each of the possible Contractors in terms of x  are Profit = Revenue -…

Q: If C(x) = 19,000 + 400x – 3.6x2 + 0.004x³ is the cost function and p(x) = 1,600 – 9x is the demand…

A: Given: TC(x)=19,000+400x-3.6x2+0.004x3 P(x)=1,600-9x Now, TR=P×Q TR=(1600-9x)x   (where x is…

Q: For a certain product, suppose that total costs are given by c(x) = 1600 + 1500x and total revenues…

A: b. Profit (P) is calculated by the difference between total cost [c(x)] and total revenue [R(x)].…

Q: Suppose the revenue function for the sale of a product is r(x)= -3x^2+30x and the cost function is…

A: * SOLUTION :-  Given that,  The revenue function  R(x) = -3x^2+30x The cost function C(x)= 6x

Q: The inverse demand for tea is given by P= 10 – 0.04Q, where Pis the price per a gram of tea and Qis…

A: In Cournot duopoly two firms compete in quantity and maximize profit by producing at MR =MC

Q: Consider production function f(L, K) = 10VLK and input prices w = 10,r = 90. a. Solve the long run…

A: