If a firm faces the Marginal Cost schedule MC = 180 + 0.3Q2 and the MR schedule is MR = 540 = 0.6Q2 and that Total Fixed costs are 65. What is the maximum profit it can make? Assume that the second-order condition for maximum is met

Q: You produce and sell Cillipods. Your average cost (in dola Cillipod) for manufacturing q Cillipods…

A: TC = q x AC = q3 - 30q2 + 5000 MC = dTC/dq = 3q2 - 60q

Q: Q5: If the marginal cost (MC) of a firm is a function of output, C'( Q) = 10e0.5Q , and if the fixed…

A: If we have the marginal cost function, we can integrate to find the total cost. MC= 10e0.5Q…

Q: 13. a) Pine Hill Dairy sells milk packs at different prices in Barbados (at price p) and in Antigua…

A: "Since you have posted multiple questions with multiple sub parts, we will provide the solution only…

Q: Bartech, Inc. is a firm operating in a competitive market. The manager of Bartech forecasts product…

A: Variable costs are the cost that changes with the change in output. Fixed costs are the cist that…

Q: business sells items according to the following Cost and Revenue functions:…

A: * SOLUTION :-

Q: If short run total costs are 2q2 + 50q + 50, and output is 15, average variable costs will be 80.…

A: Given; Total cost; TC=2q2+50q+50 Formula to calculate average variable cost:-…

Q: don't use chatgpt answer i will 6 upvotes and clear step by step explanation in case you worng i…

A: In economics, the marginal cost is the change in the total cost that arises when the quantity…

Q: The market for smart thermostats has grown increasingly competitive. Producers of smart thermostats…

A: As we know that in the long run equilibrium the form earns only zero profit That means normal profit…

Q: A firm faces the following table of costs for various levels of production, if they can sell their…

A: 1- Continue the production At price of 1.33 , the output produced will be 45 units because at this…

Q: Which of the following is an example of a variable cost for a bookstore? a) Rent for the store…

A: With regards to a bookshop's functional costs, understanding the distinction between fixed costs and…

Q: Sergio Lopez is a publisher of Latin American poetry.  His fixed cost is $525, and the cost to…

A: Fixed cost is $525, and the cost to produce each individual copy of his book is $3.50.   A linear…

Q: Peter's Pipers producers plumbing pipe. The long-run total cost of Peter's pipes is LTC = 20,000q-…

A: LMC is the marginal cost which is the change in total cost by producing an additional unit of output…

Q: A firm has two plants that produce identical output. The cost functions are C₁ = 129₁-12 (9₁)² +…

A: The average total cost of the firm is the sum of the total production cost divided by the total…

Q: The total cost of a firm is TC(Q)=3Q2+4Q+34. Accordingly, its marginal cost is 2*3*Q+4 when its…

A: ATC is nothing but the average total cost which can be calculated dividing the total cost by the…

Q: 1.  It costs $25,000 to build 30 refrigerators. It costs $30,000 to build 40 refrigerators.…

A: Cost: It is the value of goods and services in terms of money.

Q: Calculate the loss incurred by the firm if the total revenue is $630 and the total cost are $900

A: The information given to us is as follows:- Total revenue = $630  Total cost = $900 Clearly TC >…

Q: The total cost of a firm is TC(Q)=4Q2+6Q+34. Accordingly, its marginal cost is 2*4*Q+6 when its…

A: Answer to the question is as follows :

Q: You sell Objects and you know your average cost (in dollars per Object) when you produce q Objects…

A: The firms have to deal with several issues and functions of costs, revenues, profits, and the like…

Q: ONE A. Suppose the marginal cost and marginal revenue (in ¢000) for a product produced by a company…

A: The equations are given as follows:  MC=q+35MR=560+22q-q2                                       We…

Q: A company's marginal cost function is MC(x) (given below), where x is the number of units. Find the…

A: In Economics, marginal cost is the change in the total cost that arises when the quantity produced…

Q: Suppose a firm's total cost and marginal cost are given by TC= 200 + 100+90 and MC= 10 + 180. The…

A: Firm total cost function: Marginal cost function: The average total cost is the total cost divided…

Q: A local shoe has total costs of production given by the equation TC-125+10q+5q². The market demand…

A: Costs refers to the sum of money incurred in the production of a good or service. It is the sum of…

Q: don't use chatgpt answer i will 6 upvotes and clear step by step explanation in case you worng i…

A: In economics, the marginal cost is the change in the total cost that arises when the quantity…

Q: define total fixed costs

A: Cost refers to the expenditure incurred in producing a good by a producer. Cost is classified as:…

Q: When a firm produces one more unit of output the total revenue increases from $805 to $965, and the…

A: The profit of a firm is given by the total revenue received from selling the products that are…

Q: When a firm produces one unit, the variable cost is $3. When the firm produces two units, the…

A: The variable cost of the first unit = $3 The variable cost of the two units = $6