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A firm’s cost equation is given by TC = 200 + 10Q. The
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- Consider the graph above. If the demand curve intersects the marginal & average cost curve at 100 units, calculate the profit-maximizing quantity. Profit-maximizing quantity = 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.A local microbrewery has total costs of production given by the equation TC=500+10q+5q^2. This implies that the firm's marginal cost is given by the equation MC=10+10q (you do not need to be able to show this). The market demand for beer is given by the equation QD=105 – (1/2)*P. a) What is the break even quantity in short run.A toy manufacturer's cost for producing q units of a game is given by Ca) =1450 +3.69 + 0.0006g. If the demand for the game is given by p = 8.6 - 4409 how many games should be produced to maximize profit? (Round your answer to the nearest integer.). 888 X games
- A local microbrewery has total costs of production given by the equation TC=500+10q+5q^2. This implies that the firm's marginal cost is given by the equation MC=10+10q (you do not need to be able to show this). The market demand for beer is given by the equation QD=105 – (1/2)*P. a) Write the equations showing the brewery's average total cost .The demand function for a good is given by the equation P= 50 – 2Q, while total cost is given by TC = 160 + 2Q Write down the equation for the total revenue. Write down the equation for the profit. Find the value of Q when the firm breaks even.If the marginal cost to make a good is $181 and the price elasticity of demand is -8, what price should be charged via the optimal markup rule? Enter as a value (round to two decimal places if necessary).
- Maximum Revenue Jesaki Electronics manufactures and sells a smartphones per week. The weekly price-demand and cost equations are, respectively, p= 536 - 0.40 x and C(x) = 19,932 + 23 x. Suppose Jesaki Electronics wants to maximize weekly revenue. Compute the following quantities. 1. How many phones should be produced each week? phones. Round to 2 decimal places. 2. What price should Jesaki charge for the phones? $ per phone. Round to the nearest cent. 3. What is the maximum weekly revenue? $ per week. Round to the nearest cent. Enter the result for 1. 11:3. N 34% 11/15 Prisc Insert Delete C F6 F8 F9 F10 F11 F12 & * Backspace Num Lock 5 8 + IIIf demand function is given by P = 40 - 2Q then what is the procedure to get marginal revnue ?The inverse demand curve for M&B chardonnay (wine) is P = 200 0.1QD. When the quantity demanded is 500, demand is said to be:
- A local microbrewery has total costs of production given by the equation TC=500+10q+5q2. This implies that the firm's marginal cost is given by the equation MC=10+10q (you do not need to be able to show this). The market demand for beer is given by the equation QD=105 – (1/2)*P. a) Write the equations showing the brewery's average variable cost.Based on Zangwill (1992). Murray Manufacturing runs a day shift and a night shift. Regardless of the number of units produced, the only production cost during a shift is a setup cost. It costs $8000 to run the day shift and $4500 to run the night shift. Demand for the next two days is as follows: day 1, 2000; night 1, 3000; day 2, 2000; night 2, 3000. It costs $1 per unit to hold a unit in inventory for a shift. a. Determine a production schedule that minimizes the sum of setup and inventory costs. All demand must be met on time. (Note: Not all shifts have to be run.) b. After listening to a seminar on the virtues of the Japanese theory of production, Murray has cut the setup cost of its day shift to $1000 per shift and the setup cost of its night shift to $3500 per shift. Now determine a production schedule that minimizes the sum of setup and inventory costs. All demand must be met on time. Show that the decrease in setup costs has actually raised the average inventory level. Is this…A toy manufacturing from has demand for the product is given by the demand function Q= 500 - 3p. Where P is the price in dollars and q is the quantity sold per year. To sell 200 units, what price should the firm charge.