Given cost and price (demand) functions C(q) = 120q+45,400 and p(q) = -2.7q+800, how many items must the company produce to earn $50,000 in revenue? It must produce items.
Q: Do not use chatgpt.
A: a).Relationship between Total Revenue and Price Elasticity of DemandShefali is correct.Total revenue…
Q: Don't treat uniform or gradient payments as single payment and answer whatever you can please
A: First, we need to calculate the present worth of Machine A. The present worth is the sum of the…
Q: Part I: Wage, Gender, Education, and Experience: Consider the following model: wage Bo+B₁female + B₂…
A: Question 1:To calculate the predicted wage for a female with 7 years of education and 7 years of…
Q: Don't use Ai
A: Reference:Spencer, Herbert | Internet Encyclopedia of Philosophy. (n.d.).…
Q: I need answer typing clear urjent no chatgpt used i will give upvotes full explanation
A: The volume flow rate =π×(50/1000)²/4×10 = 0.0196 m³/sThe specific volume of the steam = 1.769…
Q: Show me the steps to solve: You will need to draw and label a graph that combines two different…
A: Here is the sample graph that illustrates the concept of economies of scale, showing the labor…
Q: Please correct answer and don't use hend raiting
A: Part (c) Edgeworth boxThe dimensions of the box represent the total endowment of both goods in the…
Q: A bakery has five orders to be completed. Because of the nature and size of the orders, only one…
A: Here's a detailed explanation for better understanding. Baking Sequence Using the Critical Ratio…
Q: Do not use chatgpt
A: Globalization has led to the outsourcing of manufacturing jobs from developed countries to…
Q: Three mutually exclusive alternatives are being considered for the production equipment at a tissue…
A: Answer:To conduct an External Rate of Return (ERR) analysis and determine which equipment…
Q: Do not use Ai
A: The scenario where the price of lobster doubles, causing Henri to feel less wealthy and buy fewer…
Q: Question 2 Suppose two firms compete in selling identical widgets. They choose their output levels Q1…
A: This problem involves a classic Cournot duopoly, where two firms choose their output levels…
Q: in the context of a market system, which of the following statements is incorrect
A: In a market system, the allocation of goods and services is primarily determined by the forces of…
Q: None
A: b. To find out how many years it will take for Bangladesh's GDP to double, we use the Rule of 70,…
Q: 1. Solve the following system of equations for x, y, and z. 3x+5yz-12 2x-3y+2z = 22 x+4y-3z = -10 2.…
A: 1) We will solve this system using the method of substitution or elimination. Let's proceed with…
Q: not use ai please
A: To find the quantity demanded for each product when the prices are given, we need to substitute the…
Q: You agreed with a seller to pay Opel car of $32,000, as follows: you paid $20,000 as aninitial…
A: The total amount the seller will receive after 10 years will be $16,739.11.Summary:Initial Payment:…
Q: Macmillan Learning The demand curve for a monopolist is P = 75-0.5Q, and the monopolist's marginal…
A: 1. Find the Profit-Maximizing Quantity (Q)For a monopolist, profit is maximized where Marginal…
Q: Please correct answer and don't use hand rating
A: Currently, the number of working hours is 40. The wage rate is £12/hour.Now, the total income is…
Q: Please original work Should governments take measures, legal or otherwise, that protect their…
A: Globalization and Economic Sovereignty: A Balancing ActThe advent of globalization has irrevocably…
Q: None
A: Detailed explanation:1. Determine the output level where the marginal cost (MC) is less than or…
Q: Don't use ai i will report you answer solve it as soon as possible with proper explanation
A: In this market, the equilibrium wage is $10 per hour, and the equilibrium quantity of labor is 450…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Impact of the Legislation:The legislation is expected to lead to increased investment in R&D,…
Q: None
A: Gathercole's research focused on working memory, which is the ability to hold and manipulate…
Q: Dollers Consider the graph below: ATC Demand MR ELM Quantity To maximize profits, this monopolist…
A: This is so because a monopolist's profit-maximizing point is reached when marginal revenue (MR) and…
Q: Please help me find the solutions for thia problem
A: Step 1:(a)The decision to be made is the type of service to provide.The chance event is the…
Q: Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation.....…
A: StepsDetermine the subgames: There are two legitimate subgames in the provided game tree; one begins…
Q: None
A: 1. At the price of $24, if we draw a horizontal line, we get the:1. Quantity Demanded (the…
Q: None
A: The graph that is provided shows the relationship between the price and supply of wheat,…
Q: Minimize Video Which economic concept does the video clip illustrate? Choose the best answer. Adam…
A: The video clip illustrates the economic concept of equilibrium.Here's a breakdown of the key…
Q: None
A: a. To estimate a linear trend model for the US monthly money supply M1, we can use the least squares…
Q: How does "technological change" impact employment and wage inequality, and what policies can help…
A: Even though technological advancement boosts productivity and spurs economic growth, it has…
Q: 4:03 A ccdc.instructure.com What does shareholder versus stakeholder usually refer to? whether a…
A: Question 1: Answer: A. whether a company considers only owners or all people connected to the…
Q: None
A: most favorable because it represents a high demand for social media usage(D2)and a high demand for…
Q: Solve the problem. Show work and do not use AI
A: Step 1Understanding the elements of productivity increase is the focus of this section of the…
Q: 17. The head of the accounting department at a major software manufacturer has asked you to put…
A: Approach to solving the question:Understand the Context: Recognize that the company's value needs to…
Q: Do not use Ai
A: Single-price monopolist:A monopolist will maximize its profits if it produces up to the point where…
Q: Do not use chatgpt
A: The production function y = min{K, L^2} presents an interesting case in microeconomic analysis,…
Q: None
A: Approach to Solving the Question:1. Understand the graph by analyzing the supply and demand curve.…
Q: Don't use Ai
A: Consumer surplus is the additional benefit or satisfaction that consumers receive when they purchase…
Q: not use ai please
A: Given,First Cost (P): $740,000Replacement Cost (Year 2): $380,000Annual Operating Cost (AOC):…
Q: Please correct answer and step by step solution
A:
Q: Do not use chatgpt
A: Over an extended period, the aggregate supply can be shown as a vertical line, signifying that the…
Q: Do not use chatgpt.
A: The correct answer is: It is still 100 percent because examination of the cheque expose it and…
Q: None
A: Step 1: We need to determine the findings of the paper. For efficient work, we will read the last…
Q: Instructions: • Do some research on the internet and find three interesting statistics. These…
A: Here are three statistics related to the topics of Economics, Business, and Social Sciences, along…
Q: What is that the people who pay the highest taxes get the most benefit from a tax reduction. Tax…
A: Approach to Solving the Question To address the prompt effectively, I adopted a comprehensive…
Q: Do not use chatgpt
A: Approach to solving the question: Detailed explanation: Examples: Key references: Biology
Q: Do not use chatgpt
A: To answer this question, let's consider how a firm can use the information:To answer this question,…
Q: 6. Changes in the money supply The following graph represents the money market for some hypothetical…
A: Let's tackle the problem step-by-step to fully understand how the Federal Reserve's decision to…
Step by step
Solved in 2 steps with 2 images
- Please help, this is for financial mathematics, thank you so much!!!!!A) The monthly demand function for particlar prodct q = f(p) = 30000 - 25p Determine the quadratic total revenue function, where Ris a function of p or R=g(p). What is the concavity of the function?What is the q intercept?What does total revenue equal at a price of $60? How many units will be demanded at this price? At what price will total revenue be maximized? B) Consder the linear equation 4x -3y = 36 What is the slope of the line represented by the given equation?What is the slope of any line perpendicular to the given line? C) Find ?′(2) and determine the values of x for which ?′(?) = 0i)?(?) = ??2?-2? ii)?(?) = (2? − 8)5Please no written by hand the demand function for a manufacturer's product is p = f(g) = - 0.20g + 500, where p is the price (in dollars) per unit when q units are demanded (per day). Find the level of production that maximizes the manufacturer's total revenue and determine this revenue. what quantity will maximize the revenue. q = blank units
- Hi, I need help finding the correct solution for this problem. I have tried entering both "30" and "30.00" as the solution, but the program marked both as incorrect. I'm not sure whether I'm making a small error or if I'm completely off. Please help, Thank you.A company produces and sells a consumer product and is able to control the demand for the product by varying the selling price. The approximate relationship between price and demand is p= 200-0.05D where p is the price per unit in dollars and D is the demand per month. The company is seeking to maximize its profit. The fixed cost is $15000 per month and the variable cost is $50 per unit. a. What is the number of units that should be produced and sold each month to maximize profit? b. What is the domain of profitable demand during a month? Show your spreadsheet.Bill runs a business that makes custom-printed towels. It will cost him $8 each to purchase and print on towels, and he will have to pay a rent of $1,700 per month for him workshop. Based on market research, Bill estimates that he can sell custom towels for $25 each. a) Calculate the number of towels he needs to sell per month to break-even. towels b) Calculate the break-even in dollars (round off to the nearest cent).
- Only typed solutionThe demand function for a product is p = 40 – 29 where p is the price in dollars when q units are demanded. Find the level of production that maximizes the total revenue and determine the revenue. q = units R =$Imagine the demand function for your firm’s product is q = 1500 – 4P. How much is the Total revenue when q=100?