Given the following demand and cost functions: Demand: p = 3000 - 2x Cost: C = 1200x + 2600 Find the x units which produces the maximum profits
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Given the following demand and cost functions:
Demand: p = 3000 - 2x
Cost: C = 1200x + 2600
Find the x units which produces the maximum profits.
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- Эшestion 1 A computer retailing company specializes in the sale of jump drives to community college tudents. The demand function for jump drives is p=2x+10x+1000 dollars For the samne company the average cost function is given as: ē = 2x +36x-1600- 20 * dollars Where p is the price in dollars and x represents units of output. 1) i1) Find the price and output that will maximize profit. Find the maximum profitA donut shp has a fixed cost of $92000 per day and a varibale cost of $2 for each donut produced. If the donuts are sold to distributors for $5 each. What is the price-demand function? What is the revenue function?The marginal revenue MR =800-6q and the average cost function AC=5+300/q.Find the profit when 10 units are produced and sold
- Question 1 A computer retailing company specializes in the sale of jump drives to community college students The demand function for jump drives is p=2x- +10=1000 dollars For the samne company the average cost function is given as. 2+36v-1600 - dollars Where pis the price n dollars and x represents units ofiourput. Determine the revenue function Determine the cost funetion Determine the profit function Find the price and output that will maximıze profir, Find the maximum profit 11 111) Iv) Ouestio n 2Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets,Bangladesh and Sri Lanka. Demand for Bicycles in thesetwo markets is given by the following Functions: Bangladesh Q1 = 12 – P1Sri Lanka Q2 = 8 – P2 Where Q1 and Q2 are respective quantities sold (in thousands) andP1 and P2 are the respective prices (in Pak. Rupees per unit) in the two markets. Total cost function is C = 5 + 2 (Q1+ Q2) Required. Determine the company’s total profit function. Also, (i) What are the profit maximizing levels of price and output for the two markets? (ii) Calculate the marginal revenues in each market.? 2. Now consider two cases: (i) Company is effectively able to price discriminate in the two markets. What will be the total profits? (ii) Suppose the company does not engage in price discrimination. By charging thesameprice in the two markets what are the profit…Just for (d) I'd like to know how to compute the producer surplus. Thanks!
- 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?ONE A. Suppose the marginal cost and marginal revenue (in ¢000) for a product produced by a company is estimated to be �ж=�35 �х=560+22�Ȓ� Where �is the quantity produced and the firm’s break-even is 5 units per week You are Required to I. determine the total cost and the total revenue function in terms of q.(a) Teddy J is a manufacturer of dish washing liquid . If his monthly demand function for 750mlsize is q = 4000 − 250p and his total cost function is C(q) = 500 + 0.2q.
- Find the economic profit when the total revenue is 21,000 and the total cost is 14,000?complete the solution for Marginal profit of Y = dProfit /dY = -X - 4Y + 120(b) Formidable Manufacturing Company has the following cost functions in the short run, where production level, Q is measured in '000s of units: TC = 0.5Q³ – 2Q² + 5Q FC = 7 (i) Calculate the optimum output level for this company in the short run (ii) Calculate the marginal cost for this company at a production level of 2,500 units. (iii) The industry for in which Formidable Manufacturing Company operates classifies its members by the following output: Size Micro Small Medium Large Output (Q): 0-1000 1000-3000 3000-6000 >6000 In the long run, the AVC for this industry is given by: AVC = 0.4Q² – 3Q + 15. Determine the optimum plant size for this industry.