At the profit-maximizing output level y*, where P(y) = 4a - 3by and c(y) = 10 + xy + By³ then the profit-maximizing output level is; y* = Select one: O True O False 4a-a 3(b+B)
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- 1. ThedemandfunctionforagoodisgivenbytheequationP=a−bQwhilethetotalcost function is TC = dQ2 + eQ + f, where a, b, d, e and f are positive constants. (a) Derive the equation for profit.(b) Derive an expression for the value of Q for which profit is maximised.Cost Per Year Q₁ O Q₂ QQQQ O Q4 TC VC At what level of output does average total cost equal marginal cost? FC OutputBased on the demand and supply functions figure below for a production environment, if the fixed cost decreases by $10,000 while all the other variables remain the same, the quantity of production required to maximize the total profit OA. will increase OB. cannot be determined fom this figure OC. will remain the same OD. will decrease $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 50 0 200 S 400 600 Supply function 800 Demand function 1,000 Quantity 1,200
- Suppose a production technology (A) is dominated by another production technology (B). Which of the statements below is correct? Only one is correct. O O O A company can still benefit from choosing technology A. It depends on the input factor prices Technology B is a flashy technology. Impressive, but not necessarily more profitable to choose than A. The company incurs unnecessarily high costs by choosing technology A over B. Technology A violates Norwegian law, while B is legalCOST PER UNIT LRATC OTX Y Z OUTPUT According to the diagram above, output OY represents the firm's: Select one: O a. market potential O b. break-even point O c. minimum physical product O d. technical optimum plant sizeA toy manufacturer makes miniature trucks. The pricep(in dollar) and the demandx(numberof miniature trucks) are related by the equation 6000−600p=x. The total cost for the sametoy manufacturer to producexminiature trucks can be modeled byC(x) = 8x+ 450.(a) (10 points) Express the pricepin terms of the demandx. Find the revenueR(x) if themanufacturer sellsxminiature trucks in a month and find the domain of this function.(b) (10 points) Graph the cost and revenue functions on the same coordinate system for 0≤x≤6000.(c) (10 points) What is the minimum number of trucks the toy manufacturer must sell tobreak even?(d) (10 points) FindP′(300) and interpret the result.(e) (10 points) What is the exact profit from the sale of the 301stminiature truck?
- Please answer fast I'll rate you sureQuestion 3 to the cost of producing the (x + 1)st item? a Can you think of a cost function, so that the marginal cost at any r is exactly equal If yes, describe as many such functions as possible. If not, show why such a function cannot exist. Type here to search 7:00 PM ENG 4/27/2021 Esc Lock F1 F2 F6 F3 F4 F5 F7 Home End Delete F8 F9 F10 F11 F12 Insert %23 $4 & * 7. 4 5 6 Backspace 80 W E R T Y U S D F G H J K L B N M Alt Alt PrtSc Ctrl PgUpwhat are the formulas for each column? what is the profit maximizing output q and p? what is the firms best course of action short and long term?