If the market price is $17/unit and the firm produces 4 units of output. If the total cost of producing four units is $112 then its profit would be a. -44 b.18 c.-50 d.0
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- AFCATC $120150 6085 4060 3048 2145 2042 17.444 1548 MC 30 20 10 12 28 38 50 72 Quantity 2 3 4 7 Refer to the above information to answer this question. What is the value of the breakeven price? O a) $42 Ob) $40 Od $18 Od) $30(a) What is the profit-maximizing level of output and how much daily profit will the producer below earn if the price of pizza is $ 2.50 per slice? MC S/slice ATC AVC 2.50 1.40 slices/day 570Price (per unit) $3.00 OO 7.88 1.00 MC 100 400 Output (per day) How many units of output per day will the firm produce if the market price is $3.00? 300 0 250 400 100 ATC 250 300
- profit maximization price combinationA state owned company is providing electricity at the priceof $0.105and faces the demand for electricity P=1.255 - 0.001Q The company has acost function C(Q)=100.625 + 0.105Q The state sells the firm, now the firm’sonly goal is profit maximizationa What is the number of kilowatt hours of electricityproduced and what is the price that the company will charge?b Compute the price elasticity at the profit maximizingprice combinationc How much more profit will this firm make as a result ofprivatizationGiven economies of scale and first-mover advantages, what prevents a first-mover from always dominating its market? 474/5000CellPeak produces shelving units. The variable cost of each shelving unit comprises of direct materials of $30, direct labor of $7, packaging costs of $7 and variable overheads of $2. CellPeak has fixed overheads of $252513 and sells its shelving units for $75 each. Current sales are 25,000 shelving units per annum. What profit would CellPeak make if the company sold 18,000 shelving units?
- Bavarian Crystal Works designs and produces lead crystal wine decanters for export to international markets. The production manager of Bavarian Crystal Works estimates total and marginal production costs to be aq0 to noiinseu14 Isind TC = 10,000 + 40Q + 0.0025Q² and ivibe to l9v9i ani oi -MC = 40 + 0.005Q1oriism s Arol else noitee eaidT aigie s niged sW noilesimixam benistie iton to laval orfs.ot doagee sideixav, where costs are measured in U.S. dollars and Q is the number of wine decanters pro- duced annually. Because Bavarian Crystal Works is only one of many crystal produc- ers in the world market, it can sell as many of the decanters as it wishes for $70 apiece. Total and marginal revenue are tanad tan ait oT vtivins to briTR = 700 owd io anoilanut ed teoo where revenues are measured in U.S. dollars and Q is annual decanter production. a. What is the optimal level of production of wine decanters? What is the marginal revenue from the last wine decanter sold? and MR = 70 %3D b. What…N Home - Netflix Solutions.XISX (37.4 KB) AY X Love Island -... Problem 1.3 Peng Plasma Pricing canvas.liverpool.ac.uk Year 2007 2008 2009 2010 2011 2012 2013 2014 Cumulative Cost (Rmb) 16,000 15,400 14,800 14,700 14,200 14,400 14,600 14,800 Peng Plasma is a privately held Chinese business. It specializes in the manufacture of plasma cutting torches. Over the past eight years it has held the Chinese renminbi price of the PT350 cutting torch fixed at Rmb 18,000 per unit. Over that same period it has worked to reduce costs per unit, but has struggled of late due to higher input costs. Over that same period the renminbi has continued to be revalued against the U.S. dollar by the Chinese government. After completing the table - assuming the same price in renminbi for all years - answer the following questions. Cost ACFI260 Fin... a. What has been the impact of Peng's pricing strategy on the US$ price? How would you expect their U.S. dollar-based customers to have reacted to this? b. What…Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes. If the question prompts you to “Calculate," you must show how you arrived at your final answer. Use the following graph to answer parts (a)-(e). Prices and costs are in dollars. 30 /MC ‚ATC 27 24 21 18 15 12 9. 6. 3 0 4 8 12 16 20 24 28 32 36 40 MR Quantity The graph above shows the demand (D), marginal revenue (MR), marginal cost (MC), and average total cost (ATC) curves for one of many profit-maximizing firms operating in the short run in an industry in which there are no barriers to entry. Each firm sells a similar but not identical product. (a) What will happen to total revenue if the firm raises the price from $9 to $12? Explain. (b) At 16 units, is the firm producing at the allocatively efficient quantity? Explain. (c) If the firm produces 12 units, will the firm's economic profit be…
- 48 44 40 36 32 28 24 20 16 12 8 4 100 0 0 Ⓒ (b) $25 (c) $10 (d) $27 (e) $18 4 8 a 12 16 38. What would this firm charge if it wanted to minimize production costs? (a) $5 b. MR 20 MC d 24 28 ATC- AVC- D 32 BENTONGA competitive industry has production processes that generate pollution. ok with studies carried out on the affected population, the marginal costs associated with contamination are constant and CU500. for each unit of the good produced. these costs are associated with lost workdays, illness treatment costs, and the nuisance generated in the population. Currently the production level of the industry is 250 units and the market price is 1,500 (MU/unit). Market studies carried out by companies estimate that if the price rises At 1,800 (mu/unit) the quantity demanded would fall to 200 units and the marginal cost of the production of each company in this new production level is 1,300 (m.u./unit). Assume linearity in market demand and in the marginal costs of production of the companies Graph to justify your answers. A)Determine the optimal production level from the perspective of the whole of the society. Show your result graphically.Techiefy Co. wants to launch a new product. It is observed that the fixed cost of the new product is $35,000 and the variable cost per unit is $500. The revenue function for the sale of D unit is 5000D-100 D?. What is the maximum profit of the company?