2. A company produces an item at a unit cost of Rs. 5. If the supply finction is given by q= 150+6p (where q is the quantity produced and p is the market price), finad the market price at which the company realizes a total profit of Rs. 500.
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2. A company produces an item at a unit cost of Rs. 5. If the supply finction is given by q= 150+6p (where q is the quantity produced and p is the market price), finad the market price at which the company realizes a total profit of Rs. 500.
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- The demand for the book is P = 82 - 3Q. A bookstore can order copies that will cost $2. If the bookstore orders 18 books, what is the total profit? Enter as a value.A profit-maximizing firm in a competitive market is currently producing 100 units of output. It has average revenue of Rs.1000, average total cost of Rs.800, and fixed cost of Rs.20,000. a) What is its profit? b)What is its marginal cost? c) Is the efficient scale of the firm more than, less than, or exactly 100 units?Maximizing total revenue is the same as maximizing profit is this true or false
- Problem 3/ The demand function for a certain commodity is p(x)=10-0.001x, where p is measured in dollars and x is the number of units produced and sold. The total cost of producing x items is C(x)=50+5x Determine the level of production that maximizes the profit P(x), where P(x) = R(x) - C(x).A company has established that the relationship between the sales price for one of its products and the quantity sold per month is approximately p=60-0.1D (D is the demand or quantity sold per month and p is the price in dollars). The fixed cost is $2,000 per month and the variable cost is $20 per unit produced. a. What is the maximum profit per month for this product? b. What is the range of profitable demand during a month? COLL a. The maximum profit per month for this product is $. (Round to the nearest dollar.) BOX AIis the price at which the number of products that businesses are willing to supply equals the number of products consumers are willing to purchase at a point in 2) 2) time. A) Bundled B) Equilibrium C) Maximum retail D) Discount E) Competitive
- 1- How much is the fixed cost? 2- How much is the optimum demand for the commodity if p = 105 – 0.005D? 3- Determine the value of the maximum profit.you are an accountant for a manufacterer of radios. the demand function for the tablets is p= 40-4x2 where x is the number of tablets produced in millions. it costs the company $15 to make a tablet. write an equation for the manufactures profit as a function of the number of tablets produced. the company currently produces 1 million tablets and makes a profit of $21000000, but you would like to scale up production a bit, what greater number of tablets could the company produce to yield the same profitYou are given the following information about the market for Birkin Bags: The formula for Demand is as follows: Qd: 400,000-10*P. It's Cost Function is 20,000,000 + 6000 Questions: (1) What is the price (P) where REVENUE is maximized? (2) What is the price (P) that maximizes PROFITS? (3) What is the QUANTITY (Q) that maximizes profits at that price? (4) What are TOTAL PROFITS at that price?
- A company produces a special new type of TV The company has fixed costs of 5497,000, and it costs $1100 to produce each TV The company projects that if it charges a price of $2200 for the TV, it will be able to sell 800 TVs. If the company wants to sell 850 TVs, however, it must lower the price to $1900. Assume a linear demand. What price should the company charge to earn a profit of $883,0007 It would need to charge $ (Round answer to nearest dollar. If more than one answer, separate with a comma)A company has established that the relationship between the sales price for one of its products and the quantity sold per month is approximately p=75-0.1D (D is the demand or quantity sold per month and p is the price in dollars). The fixed cost is $1,700 per month and the variable cost is $20 per unit produced. a. What is the maximum profit per month for this product? b. What is the range of profitable demand during a month?A company has established that the relationship between the sales price for one of its products and the quantity sold per month is approximately p=75-0.1D (D is the demand or quantity sold per month and p is the price in dollars). The fixed cost is $1,000 per month and the variable cost is $30 per unit produced. a. What is the maximum profit per month for this product? b. What is the range of profitable demand during a month? a. The maximum profit per month for this product is S (Round to the nearest dollar.) b. The range of profitable demand during a month from units to units. (Round up the lower limit and down the upper limit to the nearest whole number.)