A competitive company has a CF= 100; a CV = Q3-20Q2 +150 Q. The market price is $73. a. Find the equilibrium level of output b. Determine the benefit c. Determine the closing point.
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A competitive company has a CF= 100; a CV = Q3-20Q2 +150 Q. The market price is $73.
a. Find the equilibrium level of output
b. Determine the benefit
c. Determine the closing point.
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Solved in 3 steps
- BREAK-EVEN ANALYSIS The Warren Watch Company sells watches for $26, fixed costs are $155,000, and variable costs are $13 per watch. a. What is the firm's gain or loss at sales of 9,000 watches? At 15,000 watches? What is the break-even point? Illustrate by means of a chart. b. C. What would happen to the break-even point if the selling price was raised to $33? What is the significance of this analysis? d. What would happen to the break-even point if the selling price was raised to $33 but variable costs rose to $24 a unit?An enterprise has annual fixed costs of $375,000 and a variable cost of $4 per unit of product. The product is sold for $75.a. Calculate how many units he must produce to break even.Round to the next whole numberb. A change in the market increases its fixed costs by $3,000 and reduces its selling price by 20%. What is the new break-even quantity?A firm in a purely competitve industry has a typical cost structure. The normal rate of profit in the economy is 7 percent . This firm is earning $15 on every $150 investe by its founders. a. What is its percentage rate of return? b. is the firm earning an economic profit? If so, how large?
- True/False Firms maximize profits when MR> MCRefer to the above figure. Profits for this firm areSelect one:A.negative.B.zero.C.positive.D.undetermined without more information.If a firm wanted to reduce the annual EOQ cost as a percentage of the annual purchasecost by 50 percent, how would the demand rate have to change?a. Decrease by 50 percentb. Remain unchangedc. Increase by 50 percentd. Doublee. Quadruple
- MC ATC S Unit A 1.20 1.05 .90 60 AVC 15 20 35 Output rate The above diagram shows the cost curves for a competitive firm. Which of the following is correct? If price is $0.90, firm makes economic loss but continue to operate Shut down point is where price is $0.90. If Price exceeds $0.60, firm continue to produce even under economics loss If Price falls below $0.60, firm will continue to produce even under economics lossMC Harga & Kos (RM/per unit) Price & Kos E. Ps ATC (RM/per unit) AVC P. P3 P2 B. P, Q, Q Q Q. Q Kuantiti Keluaran (unit/ tempoh masa) Quantity of Output (units/ time period) Based on the figure above, the firm's total economic profit is maximized when the price is Select one: a. P3 O b. P5 0C. P2 0d. P4Need help with c (the break even point) and d (the price range for which the company will make a profit) please
- . A laboratory has $4.2 million in revenues and $3.85 million in costs. What is its operating margin? The owners of the laboratory invested $6 million. What is the return on investment?OutputAFC AVC АТС MC 1 100 40 140 40 50 35 85 30 3 33.33 35 68.33 35 4 25 36.25 61.25 40 5 20 38 58 45 16.67 40 56.67 50 A price taking firm has the above cost data. The price of output is $34. What level of output should the firm choose to maximize profit in the short run?41. Under what conditions does the company's profit become maximum? 1. TR>TC 2. MR > MC 3. TR=TC 4. MR = MC. %3D