Copy and paste, or type, the following into cells A1:D5 of an Excel spreadsheet: Input data fixed cost variable cost per unit4.05 sell price per unit 21,000 Units 1,500 revenue =D2*B4 6.5 expenses%3DB2+(B3*D2)| =D3-D4 Use Excel's Goal Seek to answer the following question. Assuming that demand is fixed at 1,500 units, what is the sell price per unit that results in break even? profit Enter only the numerical solution. Do not include a $ sign. Your Answer:
Q: A company producing cell phone cases uses either rubber (x) ) or plastic (x) with the following…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Agnes, a General Manager in XXX Company, estimated a multiplicative demand function of the form:…
A: The Law of demand refers to the inverse or negative relationship between quantity demanded of goods…
Q: company produces and sells a consumer product and thus far has been able to control the volume of…
A: Given, D = 500 – 5p = q5p=500-qp=500-q5 FC = $1000 per month Variable cost (VC) = $20 per month
Q: Which of the ff statements are true about cost function a. It estimate the total cost of production…
A: A cost function shows how production expense changes with change in the output level.
Q: Suppose that the ABC Corporation has a production (and sales) capacity of $1,000,000 per month. Its…
A: Given: Production and Sales per month - $1,000,000 Fixed cost per month - $350,000 Variable Cost-…
Q: Demand = -1.5 * price + 25 Moreover, sale of product A leads to sale of another product B of the…
A: Optimal price is the price at which a seller can make the most profit. In simpler words, the price…
Q: Suppose ADJ Corporation's break-even sales volume is $450,000 with fixedcosts of $200.000.(a)…
A: The given information: Fixed cost is $200,000 Sales volume of a company is $450,000
Q: The demand function for a manufacturer's product is D = 80 -3p , where D is the number of units and…
A: Given - D = 80 - 3p Where, D - Quantity (number of units) p - price To Calculate maximum…
Q: A company is negotiating a contract to sell wooden boards overseas. The fixed cost that can be…
A: Given Production of board = $800,000 per monthVariable cost = $155.50 Per thousand board feetPrice…
Q: Following is the information of a product of a firm: Selling price per unit = $60; Variable…
A: fixed costs, also known as indirect costs or overhead costs, are business expenses that are not…
Q: Green Gardens Berry Farms is facing some harvesting decisions in order to decide how many ton…
A: Each firm in any organization is driven by profit motive. Profit is nothing but the difference…
Q: The process for renewing a driver's license at the Archer County Courthouse is as follows. First,…
A: Labor economics: Labor economics aspects try to comprehend the working and elements of the business…
Q: Problem 2:The Paradise Shoes Company has estimated its weekly TVC function from data collected over…
A: The total variable cost and quantity demanded is given as follows.
Q: A drywall company in Alberta manufactures dry-wall panels for modular construction companies.…
A: The total revenue is maximized where the marginal revenue is zero. The total revenue is…
Q: Superior Metals Company has seen its sales volume decline over the last few years as the result of…
A: Fixed cost = $250000 Variable costs = $5 Selling price = $10 Increase in production = 10% Reduced…
Q: For April 2021, the actual cost per ASM (available seat mile) for Southwest Airlines was…
A: For Profit maximization, a firm operates at an output level where Marginal Cost is equal to Marginal…
Q: Total cost always greater then fix cost never equal to fix cost
A: Economics as a subject was developed since there was a limited amount of resources on earth.…
Q: ABC Co. manufactures a subcomponent at the rate of 400 per day when required. Its annual demand for…
A: Economic Order Quantity (EOQ) benefits entities that control their inventory competently. It is a…
Q: Luke used regression analysis to fit quadratic relations to monthly revenue, TR, and total cost, TC,…
A: Regression is a method that is utilized in various disciplines to assist with deciding the strength…
Q: Game console manufacturing determines that in order to sell Q units, the price per unit (in dollar)…
A: The term “profit” is defined as the excess of the total revenue over the total cost. Total revenue…
Q: Johnny's company provides a on-call service to provide garden maintenance / tidying services in…
A: Price elasticity of demand is the percentage change in quantity demanded to the percentage change in…
Q: The Rainwater Brewery produces beer. The annual fixed cost is $150,000, and the variable cost per…
A: The term “profit” is defined as the excess of total revenue over the total cost. Total cost (TC)…
Q: A company has fixed costs of $540 and can produce 20 items for a total cost of $1,380. The company…
A: Profit is the difference between total revenue and total cost. Total cost is the expenditure that is…
Q: Tim's Tires sells tires under the firm's own brand name and private label tires to discount stores.…
A: Price discrimination is a pricing strategy through which a firm charges different prices for similar…
Q: denton productions limited utilizes statistical analysis to determine the optimal price for its…
A: Total Revenue = Price*Quantity Total Profit = Total Revenue - Total Cost
Q: JP Co., produces gel pen which sells at P25.00; the variable cost per unit is P15.00 and the fixed…
A: Total cost is the sum of variable cost and the fixed cost.
Q: A local specialty wine store normally sells an average of 95 imported wines from France - per month…
A: The term “elasticity of demand” is defined as a measure to show the responsiveness of the quantity…
Q: QUESTION 1 CASE STUDY PEFORMING ROR ANALYSIS FOR 3D PRINTER AND IIOT TECHNOLOGY Background Software…
A: The present worth analysis is an important capital budgeting technique. The difference between the…
Q: Graphically draw these two curves, labeling all relevant looking (such as intercepts for each line)…
A: Equilibrium will be at Qd = Qs 150-3P = P-10 - 4P = - 160 P = 160/4 = $40 Putting P in Qs Qs = 40 -…
Q: The cost function of a transport company hauling goods by truck is C = 15q1.25 where C is the total…
A: In economics, a CF {"cost function"} is described as a function of an output quantity and P {prices}…
Q: π (Q) = hQ2 + jQ + k is to be used to reflect the following assumptions: (a) if nothing is…
A: A ‘profit function’ is a ‘mathematical relationship’ between the total profit & output of a…
Q: (a) Teddy J is a manufacturer of dish washing liquid. If his monthly demand function for 750ml size…
A: Hello. Since your question has multiple parts, we will solve the first question for you. Since your…
Q: The management of a manufacturing company has the following information: Revenue function: R = 3600Q…
A: R = P x Q = 3600Q - 25Q2 P = R/Q = 3600 - 25Q (i) When P = 2100, 3600 - 25Q = 2100 25Q = 1500 Q = 60…
Q: Problem One: The fixed cost for a company is 1200 OMR and the variable cost is 2 OMR per unit. If…
A: Given The fixed cost for a company is 1200 OMR and the variable cost is 2 OMR per unit. If demand…
Q: Suppose a firm has the following expenditures per day: $250 for wages and salaries, $50 for…
A: The formula for finding accounting profit is following Accounting cost= Total revenue - Explicit…
Q: A local specialty wine store normally sells an average of 129 imported wines from France - per month…
A: Price elasticity of demand indicates the responsiveness of quantity demanded to a change in the…
Q: A company produces and sells luxury goods and is able to control the demand for the product by…
A: The range of profitable output per year is the range of output the profits of the company are…
Q: Cal Tech Inc. manufactures video games for "The Play Station III". Variable costs are estimated to…
A: GIVEN Q = 1,000 - 4P 4P = 1,000 - Q P = 250 - 0.25Q
Q: Given the information that follows: Sales - 750,000, explicit costs 450,000, return you could have…
A: Hi, thanks for the question. Since you posted multiple questions, we will answer for first question.…
Q: A company produces and sells a consumer product and is able to control the demand for the product by…
A: p=$200-0.05D Now,Total Revenue for the company TR=PD=$200-0.05D Now,Marginal Revenue for the company…
Q: A company produces and sells a consumer product and thus far has been able to control the volume of…
A: Please find the answer below. VARIABLE COST: A variable cost is a corporate expense that changes…
Q: Draw a theoretical inverted abatement cost curve when the Marginal Rate of Transformation is…
A: Marginal abatement cost curve shows the relationship between the amount of pollution abated by a…
Q: Required information [The following information applies to the questions displayed below.] Mears and…
A: Turnover Ratio for Inventory It is the number of times a company has sold and restocked its…
Q: The Rocky Mountain Publishing Company isconsidering introducing a new morning newspaper inDenver.…
A: Break-even copy is denoted by X. Annual revenue (AR) can be calculated as follows: Thus, the annual…
Q: Answer the attached question
A: Break even point is the when the company's total sale equal to the total expenses. it means company…
Q: Problem 2:The Paradise Shoes Company has estimated its weekly TVC function from data collected over…
A: Since there are multiple sub parts in this question, only the first three sub parts will be answered…
Q: Demand for a company’s product is given by the following equation: Q=1000-0.5P. You are also given…
A: *Answer:
Q: A company produces and sells a consumer product and thus far has been able to control the volume of…
A: The break point is the point at which the organization's revenue equivalent to its expense caused on…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- A local newspaper currently has 84,000 subscribers at a quarterly charge of $30.Market research has suggested that if the owners raise the price to $32, they wouldlose 5,000 subscribers. Assuming that subscriptions are linearly related to theprice, what price should the newspaper charge for a quarterly subscription tomaximize their revenue?a) Find the cost function (Hint: find slope and use point-slope form to find thecost function) b) Find the revenue function c) Find the maximum revenue d) Find the profit functionRound off your final answer to whole #. A company produces and sells a consumer product and is able to control the demand by varying the selling price. The approximate relationship between price and demand is 2700 5,000 p=47 + -forD>1 D D² The company is seeking to maximize its profit. The fixed cost is $1,000 and the variable cost is $39 per unit. What is the number of units that should be produced and sold each month to maximize profit?On the graph input tool, change the number found in the Quantity Demanded field to determine the prices that correspond to the production of 0, 6, 12, 15, 18, 24, and 30 units of output. Calculate the total revenue for each of these production levels. Then, on the following graph, use the green points (triangle symbol) to plot the results. Calculate the total revenue if the firm produces 6 versus 5 units. Then, calculate the marginal revenue of the sixth unit produced. The marginal revenue of the sixth unit produced is________. Calculate the total revenue if the firm produces 12 versus 11 units. Then, calculate the marginal revenue of the 12th unit produced. The marginal revenue of the 12th unit produced is_________.
- 2. A company produces and sells a consumer product and is able to control the demand for the product by varying the selling price. The approximate relationship between price and demand is 2,700 5,000 p = $38 + D for D >1 D2 where p is the price per unit in dollars and D is the demand per month. The company is seeking to maximize its profit. The fixed cost is $1,000 per month and the variable cost (c,) is $40 per unit. a. What is the number of units that should be produced and sold each month to maximize profit? b. Show that your answer to Part (a) maximizes profit.My student id is 2020-3-60-007 and (Departmental code - 101) (a) Plot Demand, Marginal Cost, Marginal Revenue and Average Total Cost curve inone graph. Identify the Profit maximizing level of price and quantity in the graph.(b) Calculate the Profit from the above graph given the following data:• Profit maximizing Price level is the first 4 digits of your EWU Student ID• Profit maximizing Cost level is the last 3 digits of your EWU Student ID• Profit maximizing Output level is the 2 digits (departmental code) from yourEWU Student IDStudent Resources Working at Clayton.... 3/3 practice Gigantic Pharmaceutical Corporation has a patent on a prescription drug, making it the only manufacturer of that prescription drug. Gigantic is currently earning a positive economic profit. (a) Draw a correctly labeled graph for Gigantic and show each of the following. (i) The profit-maximizing quantity, labeled QG (ii) The profit-maximizing price, labeled PG (iii) The average total cost curve, labeled ATC (iv) The area representing the consumer surplus, shaded completely (b) Suppose the demand for the prescription drug increases, and Gigantic hires its warehouse workers in a perfectly competitive labor market. (i) What will happen to Gigantic's demand for warehouse workers? Explain. (ii) What will happen to the wage rate Gigantic pays its warehouse workers and the number of warehouse workers it hires? (c) After Gigantic's patent expires, another firm enters the prescription drug market and produces an identical drug that sells for…
- The blue curve on the following graph represents the demand curve facing a firm that can set its own prices. Use the graph input tool to help you answer the following questions. You will not be scored on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. PRICE (Dollars per unit) 100 TOTAL REVENUE (Dollars) 90 80 20 10 0 1250 1125 1000 875 750 625 500 On the previous graph, change the number found in the Quantity Demanded field to determine the prices that correspond to the production of 0, 10, 20, 25, 30, 40, or 50 units of output. Calculate the total revenue for each of these production levels. Then, on the following graph, use the green points (triangle symbol) to plot the results. 375 250 125 + 0 0 0 Demand 5 10 15 20 25 30 35 40 45 50 QUANTITY (Units) + 5 20 10 15 25 30 35 QUANTITY (Number of units) 40 Graph Input Tool Market for Goods 45 50 Quantity Demanded (Units)…The following graph illustrates the weekly demand curve for motorized scooters in Roanoke. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. PRICE (Dollars per scooter) 260 240 220 200 180 160 140 120 100 80 60 40 20 0 0 9 18 27 A X B Demand 36 45 54 63 72 81 QUANTITY (Scooters) 90 99 108 117 Total Revenue ?Question 1 A computer retailing company specializes in the sale of jump drives to community college students The demand function for jump drives is p=2x- +10=1000 dollars For the samne company the average cost function is given as. 2+36v-1600 - dollars Where pis the price n dollars and x represents units ofiourput. Determine the revenue function Determine the cost funetion Determine the profit function Find the price and output that will maximıze profir, Find the maximum profit 11 111) Iv) Ouestio n 2
- |1.6.1 A company manufactures and sells x dellphones per week. The weekly price-demand and cost equations are given below. p= 400 - 0.5x and C(x) = 20,000 + 140x (A) What price should the company charge for the phones, and how many phones should be produced to maximize the weekly revenue? What is the maximum weekly revenue? The company should produce (Round to the nearest cent as needed.) phones each week at a price of $ The maximum weekly revenue is $ (Round to the nearest cent as needed.) (B) What price should the company charge for the phones, and how many phones should be produced to maximize the weekly profit? What is the maximum weekly profit? The company should produce (Round to the nearest cent as needed.) phones each week at a price of $ The maximum weekly profit is $ (Round to the nearest cent as needed.)A company produces and sells a consumer product and is able to control the demand for the product by varying the selling price. The approximate relationship between price and demand is p= 200-0.05D where p is the price per unit in dollars and D is the demand per month. The company is seeking to maximize its profit. The fixed cost is $15000 per month and the variable cost is $50 per unit. a. What is the number of units that should be produced and sold each month to maximize profit? b. What is the domain of profitable demand during a month? Show your spreadsheet.Given Cost and Price (demand) functions C(q) = 110q + 45000 and p(q) = - 2.8q + 800, what profit can be earned if the price is set to be $550 per item? U The profit is $ 1,?9 (Round to the nearest cent.) A company produces a special new type of TV. The company has fixed costs of $499,000, and it costs STT00 to produce each TV. The company projects that if it charges a price of $2300 for the TV, it will be able to sell 850 TVs. If the company wants to sell 900 TVs, however, it must lower the price to $2000. Assumo a linear demand. What is the marginal profit if 200 TVs are produced It is $ 0 per item. (Round answer to nearest dollar.)