Given the production and cost schedule for Laso Factory for tapes.h the market price is 8 $, how many units should the firm produce to attain a profit per unit of 4.8$ * Total Total Capital Labor Production Cost 10 $300 10 10 135 $810 10 15 210 $1,008 $1,200 $1,360 10 20 300 10 25 425 10 30 520 $1,716 10 35 610 $2,257 10 40 680 $3,400 Q=300 O Q=135 O Q=425 O Q=210

Given the production and cost schedule for Laso Factory for tapes.h the market price is 8 $, how many units should the firm produce to attain a profit per unit of 4.8$ * Total Total Capital Labor Production Cost 10 $300 10 10 135 $810 10 15 210 $1,008 $1,200 $1,360 10 20 300 10 25 425 10 30 520 $1,716 10 35 610 $2,257 10 40 680 $3,400 Q=300 O Q=135 O Q=425 O Q=210

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

18 IV 16 III 14 E 12 %3D 10 8 4. 0246810 12 14 16 18 20 22 24 26 2830 32 34 Quantity 32. The marginal cost curve is labeled:
If a firm decides to produce no output in the short term, which of the following costs will be zero: O Variable cost O Total cost Fixed cost O Capital Cost
5. A toy factory has an annual demand for 20,000 of tops. It cost $1.50 to store one top per year. It costs $500 for each production set-up for these tops and $3.50 to manufacture a single top. Find the total cost function. fM Total Cost of Production is: T(g) = : + gM +, where q is number of units per productionm run; k is cost of storing 2 one item per year; g is cost of manufacturing a single unit of the product; f is fixed set-up cost for a production run; M is total demand of units per year. Given Constants Total Cost Function Find the optimum number of tops per batch as well as the number of batches per year. optimum number of tops optimum number of batches Find the total cost for this optimum production schedule. Optimum Total Cost
(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.
My student id is 2020-3-60-007 and (Departmental code - 101) (a) Plot Demand, Marginal Cost, Marginal Revenue and Average Total Cost curve inone graph. Identify the Profit maximizing level of price and quantity in the graph.(b) Calculate the Profit from the above graph given the following data:• Profit maximizing Price level is the first 4 digits of your EWU Student ID• Profit maximizing Cost level is the last 3 digits of your EWU Student ID• Profit maximizing Output level is the 2 digits (departmental code) from yourEWU Student ID
3) A firm produces 50 000 boxes in one month and market price of these shoes is 10 TL per box. The total cost of the firm 400 000 TL and 20% of that cost is variable cost. Given that information a) Calculate the profit, ATC, AFC and AVC of that firm b) Suppose that market price is up to 11. The firm considers to increase its output to 55 000 when the price is 11 which however will lead to a total cost of 480 000. Should this firm increase its output and if so, why?
Assume the following cost data are for a purely competitive producer Total Product AFC AVC ATC MC 0 1 $60 $45 $105 $45 2 $30 $42.50 $72.50 $40 3 $20 $40 $60 $35 4 $15 $37.50 $52.50 $30 5 $12 $37 $49 $35 6 $10 $37.50 $47.50 $40 7 $8.57 $38.57 $47.14 $45 8 $7.50 $40.63 $48.13 $55 9 $6.67 $43.33 $50 $65 10 $6.00 $46.50 $52.50 $75 In the table below, complete the short run supply schedule for the firm (columns 1 and 2) and indicate the profit or loss incurred at each output (column 3) 1 2 3 4 Price Quantity supplied, single firm Profit (+) or loss (-) Quantity supplied, 1500 firms $26 $32 $38 $41 $46 $56 $66
AR Using the following information. Compute for the Total Cost in producing 10,000 units.
Question 12 of 20 $20 MC $18 $16 $14 ATC $12 AVC $10 $8 $6 $4 $2 $0 20 40 60 80 100 Output (Q) In the diagram above, when the firm's Output (Q) is 60, Average Total Cost (ATC) is: $14.00 $18.00 $11.00 O $12.50
Give only typing answer with explanation and conclusion
Q3 need in 10 minutes
21