CIQ=Q^2. The firm also pays (even if q=0). Hint - marginal NOTE - KEEP YOUR CALCUL MULTIPLE QUESTIONS What is the optimal quantity O 200 O 100
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- In the perfectly competitive car production industry, General Motors produces 40,000 sedan cars for an average total cost of $38,000, marginal cost of $33,000, and average variable cost of $30,000. General Motors, in the short run, should produce more cars if the current price is above and should shut down if the current price is below. Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a b с Question 3 d e $33,000; $30,000 $33,000; $28,000 $38,000; $30,000 $38,000; $33,000 $30,000; $28,000 $30,000; $30,000Need help with c (the break even point) and d (the price range for which the company will make a profit) pleaseX 1 ences If the price of oats is $3.0 per kilo, calculate the total revenue and the total profit (or loss) at the quantities shown in below table. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Leave no cells blank - be certain to enter "0" wherever required. Mc Graw Hill Quantity (kilos) Total revenue Total cost Total profit $ 600 1800 $1,900 700 2100 $2,000 $ 800 2400 $2,400
- Only typed answer What is the price is equal to the minimum average cost of ?The next 2 questions refer to the following total cost schedule for a competitive firm: Output Total Cost 012345 $15 100 145 205 290 410 If market price is $100, the maximum profit the firm can earn is $ If market price is $60, the firm will produce units of output.To make a decision about opening a restaurant, what is the relevant cost for Aram? $50 thousand has been spent to date on renovating the place. Aram could be earning $ 100 thousand a year as a chef. Additional labor and other costs necessary to open the restaurant equal $ 60 thousand a year. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. $ 160 thousand a b. $ 60 thousand $ 210 thousand $ 110 thousand $ 50 million
- A computer production facility has a daily demand rate of 6 and a daily production rate of 20. Set up costs are $100 per order. They have calculated that the economic order quantity is 250 computers. Given this info, what is the best economic production quantity?2AAWO AC I4 17.1 REVENUE, COST, AND PROFIT APPLICATIONSITSO RSYHAHD 797 20 A firm sells each unit of a product for $50. The total cost of producing x (thousand) units is described by the function C(x) = 10 – 2.5x² + x³ where C(x) is measured in thousands of dollars. (a) Use the marginal approach to determine the profit-maximizing level of output. (6) What is total revenue at this level of output? Total cost? Total profit? 1 The profit function for a firm is -000Only typed answer
- At the profit maximizing output level of 100, the price of the output is 25, the fixed costs are 2500 and the variable costs are 1200. at what level of output should the firm produce at in the short run? (0 or 100)?The graph shows the cost curves are they profit maximizing firm in a competitive market. If the market price is $30 and the firm produces at the profit maximizing quantity, what is the total variable cost A: $5400 B: $7200 C: $3960 D:Could you show the profit and loss on the graph. Furthermore, the figures for cost you posted were incorrect as they are not dropdown options.