you can sell 10 computers for $1400 each or 11 computers for $1300 each, and the marginal cost is $1000, what should you do and what is the profit?
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5. If you can sell 10 computers for $1400 each or 11 computers for $1300 each, and the marginal cost is $1000, what should you do and what is the profit?
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- 3. Philo T. Farmsworth is a corn farmer with a 40-acre tract of land. Each acre can produce 100 bushels of corn. The cost of planting the tract in corn is $20,000, and the cost of harvesting the corn is $10,000. In May, when corn is selling for $10 per bushel, Philo plants his crop. In September the price of corn has fallen to $2 per bushel. What should Philo do? Explain, assuming that there are no costs involved with bringing the corn to market to sell. can someone explain how they answered this Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Funny Bunny is considering installing ice-cream stalls on Turtle Beach. The length of the beach is 5 miles long. On average, in a week, there are 1,000 swimmers come to beach and each value an ice-cream at $5. Transportation costs are $2.5. each ice cream costs $0.50 to make and there are $40 overhead costs per stall.1.find the optimal number of stalls for Funny Bunny?2.what is the profit at optimal number of stalls?4) What is total cost at the profit-maximizing quantity?5) What is the profit at the profit-maximizing quantity?6) What is total variable cost at the profit-maximizing quantity?
- 1) What is total cost at the profit-maximizing quantity? 2) What is the profit at the profit-maximizing quantity? 3) What is total variable cost at the profit-maximizing quantity?What term would an economist use to describe what happens when a shopper gets in good deal on a product?Look at Table 8.13. What would happen to the films profits if the market price increases to 6 per pack of raspberries?
- 2. Robert is thinking of running a flower business. His delivery van, including insurance, will cost 840$per month and his advertisement costs $360 per month. If he prices each bouquet at 40$ each, heestimates that they can sell 100 units per month. What is the most they can spend to purchase eachbouquet of flowers to break even?A. What is the profit-maximizing price and quantity? B. What is the revenue-maximizing price and quantity? C. When total cost exceeds total revenue, profits are?Based on your current quatities and costs, can you still sell a hamburger for 2.00$ and make a profit?
- Assume you are selling season tickets for a team in the National Football League. What are the fixed and variable costs associated with pricing these season tickets? When you look at the existing season ticket prices for the team, how would you sell those same season tickets at a 10 percent higher price?Must complete chart and graph MR, MC, ATC, AVC, and where Q indicates max profit. FOR CHART, FIND: Mid-point AVG Quantity Total Revenue (pxQ) Fixed costs calculations Variable costs (wages x workers) Total Costs (TC) Total Profit (TR-TC) AVC (VC/Q) ATC (TC/Q) Marginal Revenue (MR) (change in TR/ change in Q) Marginal Cost (MC) (change TC/ change in Q) Change in profit (MR-MC)Based on your current quantities and costs, can you sell a hamburger for $2 and still make a profit?