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- Firm A provides commercial cleaning services. The price ? it charges is a linear function of the area? to be cleaned: ? = ?? + ? for some numbers ? and ?. It is known that the price is $1300 if the area is 500m 2,1and the price is $2300 if the area is 1000m 2. What are ? and ?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)Consider the market for good x for which there is one firm controlling the market.D(q)=165-10qMC(q)=5q+15MR(q)=165-20qC(q)=2.5q^2+15q+8 (a) Find the point of equilibrium. (b) How many units must the firm produce and sell to maximize its profits? (c) What will be the price the firm will charge to consumers?
- Panther Acre Cattle Company - Chapter 7 Lab A typical farm or ranch problem is determining the optimum or profit-maximizing weight to sell fed cattle. Assume the feeder cattle are purchased at 600 pounds. The feed required and the weight gain is shown in the table below. Feed costs 7¢ per pound and feeder cattle prices are as follows: Weight Price per Pound 600-899 lbs 72¢ go to 3rd 900-1099 lbs decimal 1100 lbs or more 70¢ Point 67¢ Pay attention to the price changes when computing MVP. Input Output Feed Weight Selling Required Gain Weight Total Average Marginal Marginal Marginal Revenue Physical Physical Value Input (lbs) (lbs) (lbs) Product Product Product Cost 600 0 0 600 432 XXX XXX XXX XXX 500 50 So 650 468 0.10 0.083 1,100 145 as 745 536.40 0.132 6.158 1,700 235 aol 835 601.20 0.138 0.15 2,300 320 85 920 644 0.139 2,900 400 80 1,000 700 0.138 3,500 465 65 1,065 745, 50 0.133 4,100 525 60 1,125 753.75 0.128 4,700 575 SO 1,175 787.25 0.122 5,300 615 40 1,215 814.05 0.116 5,900 645…A manufacturer estimates marginal revenue to be 1 R' (q) = 2 100q per unit when the level of production is q units. The corresponding marginal cost has been found to be 0.4q dollars per unit. Suppose the manufacturer's profit is $520 when the level of production is 16 units. What is the manufacturer's profit when the level of production is 25 units?A manufacturer can produce a gizmo at a cost of $6 apice. He sells this gizmo for $10 ,and at this price 10 gizmos are sold each day. The manufacturer figures that each $3 dollars decrease in price will sell 3 additional goods each day. Write out the Demand and Profit functions. What price xmaximizes profit?
- Q)Firm A and B are Cournot competitors, who produce good x. Both firms have zero cost and demand is X = 215 – P, where P is market clearing price. If firm produces 90 units, then what is the optimal amount of output for firm A to produce. solve our if you know correct and clearsolution.Lukanga Water has been providing water services in the Central Province for more than 20 years. Business analysts estimated the demand for water is P 40- 5Q, where Q is the number of clients served (in thousands) and P is the price charged (in millions of Kwacha). Lukanga Water total costs are determined as TC = 10 - 0.75Q. (a) How much is the profit maximizing level of output? (b) How much is Price at profit maximizing level of output? (c) Calculate the Profit level.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?
- Your product's revenue per unit is $30, and product's cost per unit is $10. If the demand for next month is 200 units, and it costs $1000 one time to set up the machine, what is our profit (in dollars) for next 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.)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 AI