Company is effectively able to price discriminate in the two markets. What will be the total profits? (ii) Suppose the company does not engage in price discrimination. By charging the same price in the two markets what are the profit maximizing levels of price, output, and the total profits? (iii) Analyze, with graphs, the two alternative pricing strategies available to the company.
Q: company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500…
A: (a) Total cost is the sum of fixed cost and variable cost. Fixed cost for manufacturing the sink is…
Q: Answer b and c Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two…
A: Price dicrimination is a practice wherein the seller is able to charge a different price for…
Q: Taiwan Instrument Company (TIC) makes computer memory chips in Formosa, which it ships to computer…
A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…
Q: Perum Perindo operates 2,500 hectares of shrimp pond in Bratasena, Lampung. There are many players…
A: In perfectly competitive market, firms produce standardised goods. Profit is maximized at a point…
Q: Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets, Bangladesh…
A: Solution a)Company's total profit function is given by :π (Q) = Total Revenue - Total Cost…
Q: Wakanda is a firm that solely supplies vibranium to Marley and Paradis. The demand function of the…
A: Monopoly will produce the output where MR=M and charges the price for its product from the demand…
Q: In a factory an article is produced whose production function is: z = 15 – 2x2 + 12x – 3y? + 6y for…
A: Production function is given as: z = 15 -2x2+ 12x-3y2+6yPrice of input x = 6Price of input y =…
Q: The cost for producing cleaning robots is given by the following function: C(x) =x2-12x2+59x +280…
A: Answer - "Thank you for submitting the question.But, we are authorized to solve only 3 sub parts of…
Q: The daily cost to manufacture generic trinkets for gullible tourists is given by the cost function…
A: The functional connection between cost and output is referred to as the cost function. It…
Q: Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets,Bangladesh and…
A: Total profit = Total revenue - Total cost Revenue = Price * Quantity
Q: A factory produces chemicalK and effluent E which it dumps into the river. It affects the downstream…
A: In this question we have to find the optimal value of K, E and F
Q: Marginal cost is given by the function :- 2Q2 - 130 And the equilibrium quantity is 10 so…
A: # Marginal cost measures the degree of change taking place in total cost of the firm.
Q: An ice cream company finds that at a price of $4.00 for each pint, they can sell 4000 pints of ice…
A: A demand function expresses the relationship between quantity demanded of a good and its price. An…
Q: he demand function for small high-definition televisions is given by p = 9,000 − 55x, where p is the…
A: Answer - "Thank you for submitting the question. But, we are authorized to solve only 3 subparts .…
Q: f the total revenue and total cost of a business are given by the following functions. what is the…
A: Answer is given below
Q: Define Q to be the level of output produced and sold, and assume that the firm’s cost function is…
A: Since you have posted a question with multiple subparts, we will solve the first three subparts for…
Q: Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets,Bangladesh and…
A: Given : Bangladesh : Q1 = 12 – P1 P1 = 12 – Q1 Sri Lanka : Q2 = 8 – P2 P2 = 8 – Q2 C = 5 + 2…
Q: The price-demand equation and the cost function for the production of active styluses are given,…
A: We know, e = -20(P/9400- 20P) If price = $150, we have elasticity as: e = -20(150/9400 - 3000) e =…
Q: Unendo, is a large computer game manuracturer. They have estimated that the demand function for…
A: A monopoly is a sole producer of a good in the market and thus act as price maker as they have…
Q: Question…
A: Price discrimination refers to the process of charging different price for the same good in…
Q: The market demand and supply functions for a type of carpet known as KP-7 have been estimated,…
A: Qd = 160 – 6P Qs = -100 + 20P At equilibrium, Qd = Qs 160 – 6P = -100 + 20P 26P = 260 P = 10
Q: Define Q to be the level of output produced and sold and assume that the firm’s cost function is…
A: Profit maximization is the situation in which the marginal revenue equals marginal cost. It means a…
Q: A company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500…
A: The per unit cost of producing a service or a good is known as average cost.
Q: Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets,Bangladesh and…
A: Solution a)The company's total profit function is given by :π (Q) = Total Revenue - Total Cost…
Q: what is the ordered pair ?
A: The break even point in any business is where your revenue is just equal to your expenses. The cost…
Q: Suppose the cost functions for producing goods X and Y are given respectively by: TC(X) = 100 + 2X…
A: Economies of scope is an economic concept that the unit cost to produce a product will decline as…
Q: Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets, Bangladesh…
A: We will answer the first question since the exact one was not specified. Please submit a new…
Q: Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets,Bangladesh and…
A: Solution a) Company's total profit function is given by : πQ = Total Revenue - Total Cost =…
Q: A single product firm intends to produce 20 units of output as cheaply as possible. By using K units…
A: Q = (K)0.5 + L Total cost (TC) = wL + rK = 20L + K, as the cost of labor is 20 and the cost of…
Q: Given the input-output matrix below, find the output matrix if final demand changes to 500 for…
A: We are going to find the Leontief matrix and output matrix to answer this question.
Q: Ouroboros’ total cost (TC) as a function of its production level q is given by the equation below:…
A: Given Total cost TC(q)=2q2-12000q+30,000,000 ...... (1) “Since you have posted a…
Q: Determine the company’s total profit function. Also, (i) What are the profit maximizing levels of…
A: Since you have asked multiple questions with subparts, we will solve the first question with their…
Q: For less than $300, you can get a high-quality colour laser printer with four toner cartridges…
A: Printer cost are so low than its ink . Because companies sell their printer at very low price or…
Q: There are two types of car, distinguished by how fuel efficient they are. Type 0 is the less fuel…
A: A single monopolist sells both types of cars. The revenue generated by selling Type 0…
Q: "he cost of producing x teddy bears per day at the Cuddly Companion Co. is calculated by their…
A: The answer to the question are as follows :
Q: Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets,Bangladesh and…
A: Demand function of bicycles in Bangladesh: Q1 = 12 – P1 Inverse demand function in Bangladesh for…
Q: The total cost per month of producing qs units of “S-class" cars, qɛ units of “E-class" cars, and qc…
A: The law of demand refers to the inverse or negative relationship between the quantity demanded of a…
Q: Consider a simple three-step manufacturing process as illustrated in the figure given. Assuming the…
A: Demand is a monetary guideline alluding to a purchaser's craving to buy labor and products and…
Q: James mainly sells confectionery items, newspapers, magazines and cigarettes in his convenience…
A: Given : TC = 900+50Q MC = dTC/dQ = 50 Now, Q1= 70-P1 or, P1= 70-Q1 Total Revenue (TR1) = P1XQ1 =…
Q: F
A: Profit is an income being distributed to the owner in a production process of profitable…
Q: Jack's car repair factory has the Total Cost function TC(Q)=3.30³-540-8 where Q stands for the…
A: Cost Function The functional relationship between cost and output is referred to as the cost…
Q: Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the…
A: Given, x is sleeping bags p is price and c is cost
Q: computer retailing company specializes in the sale of jump drives to community college udents. The…
A: Given : Demand Function : p=2x2+10x+1000 Average Cost Function : c¯=2x2+36x-1600-20x
Q: 12. The weekly demand for the LectroCopy photocopying machine is given by the equation p= 2000 -…
A: p=2000-0.04x C(x) = 0.000002x3 - 0.02x2 +120000
Q: Given the input-output matrix below, find the output matrix if final demand changes to 600 for…
A: The Leontief’s input-output model analyses how different industries of the economy are…
Q: Given the input-output matrix below, find the output matrix if final demand changes to 500 for…
A: Demand is the quantity of consumers who are willing and ready to buy products at various prices…
Q: A U.S. export-import shipping company operates a general cargo carrier service between New York and…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: This question deals with cost curves and isoprofit curves. Keep in mind that the formula for a…
A: The isoprofit curve is a line joining various combinations of quantity (Q) and price (P) that would…
Q: A manufacturer assembles personal computers. If the computers are priced at £1,000 each, the company…
A: Given information: At a price of 1000, sales are 30 units At a price of 800, sales are 50 units The…
Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets,Bangladesh and Sri Lanka. Demand for Bicycles in thesetwo markets is given by the following Functions:
Bangladesh Q1 = 12 – P1
Sri Lanka Q2 = 8 – P2
Where Q1 and Q2 are respective quantities sold (in thousands) andP1 and P2 are the respective prices (in Pak. Rupees per unit) in the two markets. Total cost function is C = 5 + 2 (Q1+ Q2)
(i) Company is effectively able to price discriminate in the two markets. What will be the total profits?
(ii) Suppose the company does not engage in
(iii) Analyze, with graphs, the two alternative pricing strategies available to the company.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets,Bangladesh and Sri Lanka. Demand for Bicycles in thesetwo markets is given by the following Functions: Bangladesh Q1 = 12 – P1 Sri Lanka Q2 = 8 – P2 Where Q1 and Q2 are respective quantities sold (in thousands) andP1 and P2 are the respective prices (in Pak. Rupees per unit) in the two markets. Total cost function is C = 5 + 2 (Q1+ Q2) b. consider two cases: (i) Company is effectively able to price discriminate in thetwo markets. What will be the total profits? (ii) Suppose the company does not engage in price discrimination. By charging thesameprice in the two markets what are the profit maximizing levels of price,output, and the total profits? c. Analyze, with graphs, the two alternative pricing strategies available to the company.Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets,Bangladesh and Sri Lanka. Demand for Bicycles in thesetwo markets is given by the following Functions: Bangladesh Q1 = 12 – P1 Sri Lanka Q2 = 8 – P2 Where Q1 and Q2 are respective quantities sold (in thousands) andP1 and P2 are the respective prices (in Pak. Rupees per unit) in the two markets. Total cost function is C = 5 + 2 (Q1+ Q2) a. Determine the company’s total profit function. Also, (i) What are the profit maximizing levels of price and output for the two markets? (ii) Calculate the marginal revenues in each market.Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets,Bangladesh and Sri Lanka. Demand for Bicycles in thesetwo markets is given by the following Functions: Bangladesh Q1 = 12 – P1 Sri Lanka Q2 = 8 – P2 Where Q1 and Q2 are respective quantities sold (in thousands) andP1 and P2 are the respective prices (in Pak. Rupees per unit) in the two markets. Total cost function is C = 5 + 2 (Q1+ Q2) Determine the company’s total profit function. Also, (i) What are the profit maximizing levels of price and output for the two markets? (ii) Calculate the marginal revenues in each market. Now consider two cases: (i) Company is effectively able to price discriminate in thetwo markets. What will be the total profits? (ii) Suppose the company does not engage in price discrimination. By charging thesameprice in the two markets what are the profit maximizing levels of price,output, and the total profits?…
- Question Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets,Bangladesh and Sri Lanka. Demand for Bicycles in thesetwo markets is given by the following Functions: Bangladesh Q1 = 12 – P1 Sri Lanka Q2 = 8 – P2 Where Q1 and Q2 are respective quantities sold (in thousands) andP1 and P2 are the respective prices (in Pak. Rupees per unit) in the two markets. Total cost function is C = 5 + 2 (Q1+ Q2) Now consider two cases (i) Company is effectively able to price discriminate in the two markets. What will be the total profits? (ii) Suppose the company does not engage in price discrimination. By charging the same price in the two markets what are the profit maximizing levels of price, output, and the total profits? c. Analyze, with graphs, the two alternative pricing strategies…Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets,Bangladesh and Sri Lanka. Demand for Bicycles in thesetwo markets is given by the following Functions: Bangladesh Q1 = 12 – P1Sri Lanka Q2 = 8 – P2 Where Q1 and Q2 are respective quantities sold (in thousands) andP1 and P2 are the respective prices (in Pak. Rupees per unit) in the two markets. Total cost function is C = 5 + 2 (Q1+ Q2) Required. Determine the company’s total profit function. Also, (i) What are the profit maximizing levels of price and output for the two markets? (ii) Calculate the marginal revenues in each market.? 2. Now consider two cases: (i) Company is effectively able to price discriminate in the two markets. What will be the total profits? (ii) Suppose the company does not engage in price discrimination. By charging thesameprice in the two markets what are the profit…Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets, Bangladesh and Sri Lanka. Demand for Bicycles in these two markets is given by the following Functions: Bangladesh Q1 = 12 – P1 Sri Lanka Q2 = 8 – P2 Where Q1 and Q2 are respective quantities sold (in thousands) andP1 and P2 are the respective prices (in Pak. Rupees per unit) in the two markets. Total cost function is C = 5 + 2 (Q1+ Q2) Determine the company’s total profit function. Also, (i) What are the profit maximizing levels of price and output for the two markets? (ii) Calculate the marginal revenues in each market. Now consider two cases: (i) Company is effectively able to price discriminate in the two markets. What will be the total profits? (ii) Suppose the company does not engage in price discrimination. By charging the same price in the two markets what are the profit maximizing levels of price, output, and the total profits?…
- Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets, Bangladesh and Sri Lanka. Demand for Bicycles in these two markets is given by the following Functions: Bangladesh Q1 = 12 – P1 Sri Lanka Q2 = 8 – P2 Where Q1 and Q2 are respective quantities sold (in thousands) andP1 and P2 are the respective prices (in Pak. Rupees per unit) in the two markets. Total cost function is C = 5 + 2 (Q1+ Q2) Now consider two cases: (i) Company is effectively able to price discriminate in the two markets. What will be the total profits? (ii) Suppose the company does not engage in price discrimination. By charging the same price in the two markets what are the profit maximizing levels of price, output, and the total profits? Analyze, with graphs, the two alternative pricing…A local company is planning to manufacture and market a four-slice toaster. For this toaster, the research department’s estimates are aweekly demand of 300 toasters at a price of $25 per toaster and a weekly demand of 400 toasters at a price of $20. The financial department’s estimates are fixed weekly costs of$5,000 and variable costs of $5 per toaster. a) Assume that the relationship between price ? and demand ? is linear. Use the research department’s estimates to express ? as a function of ? and determine the domain of the function. b) Using your knowledge from Finite Math, determine the Revenue function in terms of ?. c) Determine the Marginal Revenue at 2 different production levels for example 250 and 500 units. Interpret these results. (HINT: Consider what a positive or negative first derivative implies) d) Assume that the cost function is linear. Use the financial department’s estimates to express the cost function interms of ?. e) Determinethe Marginal costand interpret the…The demand function of “İsot Capsicum Biber Komandit Şirketi" of Ceylanpınar is: p = 1000 e 2q where "p" is price in TL/kg and “q" is quantity sold in kg/min. Mr. Davut Tenorses, who is the COO of this company informs you that they export to hundreds of countries around the world and that they are operating 3 shifts a day for 30 days/month at maximum profit and wants you to find the cost function of his company in TL/month.
- An exporter of handbags has just entered a new market. This exporter faces the following relationship between the price of handbags and the demand for them: P=15+ 4.800 D 2.500 D² , D>0 where P is the price per unit and D is the demand per month. The exporter wants to maximize his profit. The fixed cost is $2055 per month and the variable cost #33 per unit. How many handbags should be produced and sold each month, in order to maximize profit? Round your answer to 0 decimal places.In the market for foam fire retardant there is only one firm. The demand func-tion for the product is Q = 15,000 – 10P where Q is the annual sales quantity in tons and P is the price per ton. The firm’s total cost function (in dollars) is C = 1,400,000 + 300Q + 0.05Q2.a) How much foam fire retardant should this firm produce and sell in order to maximize its profit? What price should it charge?b) Compute the firm’s total profit.c) Suppose now that the firm faces a 20% increase in variable costs. Determine what impact this will have on the firm’s optimal choice.Green et al. (2005) estmate the supply and demand curves for Californa processod tomatoes. The supply function is: \[ \ln \left(Q_{s}\right)=0.200+0.550 \ln (p) \] whereQis the quantify of processing tomatoes in milions of tons per year andpis the price in dollars per ton. The demand function is: \[ \ln \left(Q_{d}\right)=2600-0.200 \ln (p)+0.150 \ln \left(p_{1}\right) . \] wherep1is the price of tornato paste (which is what processing tomatoes are used to produce) in dollars per ton. Supposept=$119Determine how the equilerium price and quantity of processing tomatees change if the price of tomato pasise tails by16%. If the price of tomato paste fals by18%, then the equaborium price will by 5 (Enter a numene response using a real number rounded to two decimal places)