show calculations    A wheat seed dealer has a cost function: C = 100 + 20Q +Q2. Inverse demand is: P = 620 -2Q. Maximum profit is: A. 38,400 B. 36,200 C. 39,200 D. 29,900

Q: Total variable cost is 0 at zero level of production True/Falss

A: # Total cost incurred by the firm is the sum of both fixed and variable costs.  Total.fixed cost is…

Q: The Night Owl Restaurant generates sales of $1,000,000 a month with variable costs of 35%. The Kobe…

A: Total sales of menu items=20000 Kobe beef burger=10%price=$13cost=30%

Q: Find the total revenue generated if price is $30 and output sold is 66 units

A: The data presented in the question above is:- Price per unit = $30 Output sold = 66 units  Total…

Q: A company produces and sells a consumer product and is able to control the demand by varying the…

A: Variable costs (VC) change based on the amount of output produced. VC may incorporate labor,…

Q: Darrell owns a furniture store. His total costs are $225,000 per year, and his fixed costs are…

A: Total costs include all the costs that a firm incurs when producing a product. Fixed costs are the…

Q: Point F indicates _____? A) where the cost per unit is at a minimum; B) where the AVC is at a…

A: The graph in the question shows cost curves where curve ending with point A is Marginal cost (MC)…

Q: (b) The total revenue curve of a firm is R(q) = 40q – 12q² and its q- 12.85q + 20 + 30 400 where q…

A: i). Firm’s total cost function:

Q: If explicit cost are $4400 and the accounting profit is $6000  Calculate the value of total revenue

A: Given: Explicit cost=$4400 Accounting profit=$6000  To find: Total revenue

Q: Ouput Total Cost $24 1 33 2 41 48 4 54 61 69 The TVC for Stelco Corporation of producing 6 units of…

A: Fixed cost is independent of output produced thus the required fixed cost at all units of production…

Q: QUESTION 48 A fem has a Total Cost of $1000, of which $300 is Fixed Cost. If the firm a currently…

A: Average Cost is the per unit cost , here we calculate the AVC by using the given information and…

Q: nswer the question on the basis of the following cost data. Output Total Cost 0 $ 50 1 60 2 68 3 73…

A: The objective of the question is to calculate the average variable cost (AVC) of producing 4 units…

Q: Find accounting profit if total revenue is $3300 and the explicit cost is $1300

A: The data presented in the question above is:- Total revenue = $3300 Explicit cost = $1300 Accounting…

Q: A manufacturer produces and sells two products, A and B. The unit variable cost is sh.12 and sh.8…

A: Profit maximization is the act of achieving the highest revenue or profit. The sales level where…

Q: When marginal product increases, marginal cost increases. True False

A: Marginal product is the additional output produced by the additional worker or the change in the…

Q: 125 q? 4. 16 A(q) where q is the firm's output. (i) Determine the level of output for average costs…

A: Average Cost A(q) = 125q+q216-4    .............(1)    We know that the average cost is equal to the…

Q: Refer to Figure 2. In equilibrium, profits are equal to $0 a. b. C. d. $1300 $1200 $5000

A: A profit-maximizing firm produces at the intersection of MR and MC curves to maximize profit.  i.e.,…

Q: A marginal cost function C' (q) is given in the figure below. If the fixed costs are $12,000,…

A: Step 1:(a) Consider the given figure. The given figure represents a marginal cost function C′(q).…

Q: True or false  The fixed cost does not alter with the level of output.

A: Cost is the amount of resources, usually expressed in monetary terms, which might be required to…

Q: When the production volume (Q)is(100)units the total costs (TC)is (1500)omani RIyals and fixed costs…

A: Total cost TC = 1500 Fixed cost FC = 900 Quantity Q = 100

Q: 10.) Jin Golf Emporium sells golf balls for $31.95 per dozen. The emporium's overhead expenses are…

A: a) Let the price of a dozen golf balls be x. Then the retail price of a dozen golf balls is $31.95.…

Q: It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake. A cupcake issold for…

A: Given fixed cost = 420 Variable cost = 2.10

Q: An apparel manufacturing plant has estimated the variable cost to be $21 per unit. Fixed costs are…

A: The break-even point is the point at which total cost and total revenue are equal, meaning there is…

Q: Cost, revenue, and profit are in dollars and x is the number of units. A firm knows that its…

A: Given, Marginal cost = MC = 3x+20 Marginal revenue = MR = 44-5x Cost of producing 100 units = 17,140…

Q: 5. Costs in the short run versus in the long run Ike's Bikes is a major manufacturer of bicycles.…

A: Economic costs involve not just the accounting costs but also the opportunity cost of making one…

Q: Hplant produces 15000 gallons per particular chemical cost 2.5millions in n 1987. when the Cast…

A: Given: Old cost=2,500,000 New cost or cost now=5,000,000 Old capacity= 15,000 gallons New…

Q: If the Total revenue is 115 and the total cost is 108 find the amount of the total profit ??

A: According to the given question In Simple words we can say that total profit is that profit of which…

Q: A company produces and sells a product and fixed costs of the company are 8500000 Baisa and variable…

A: Given, total fixed cost = 8500000 Baisa = RO.8500      (as 1000 Baisa = 1 Omani Rial (RO) Total…

Q: If explicit cost are $4400 and the accounting profit is $6000 Calculate the value of total revenue

A: Total revenue is the income earned by a firm by selling all units of a good.

Q: Fixed Cost Marginal Cost per item Item Sells For $600 $13 $35 Find the following. (a) the cost…

A: The fixed cost is $600. The marginal cost per item is $13. The item sells for $35.…

Q: Output TFC TVC TC MC ATC A 25 25 ------ ---- -- В 1 25 25 50 25 50 C 2 25 40 65 32.5 D 3 25 70 95 E…

A: Answer to the question is as follows :

Q: The variable cost for the small business is shown below. What is the marginal cost and average cost…

A: In the realm of economics, production involves generating goods and services, while cost covers the…

Q: A large wood products company is negotiating a contract to sell plywood overseas. The fixed cost…

A: In the production process, different inputs are used to produce the final output. The inputs or…

Q: F Given Cost and Revenue functions C(q)=q³-8q² + 59q+ 5000 and R(q) = -3 -39² +2600q, what cost is…

A: Marginal profit is calculated as the change in profit due to change in quantity. Marginal Profit is…

Q: The cost, in millions of dollars, of building a three-story high school in New York State was…

A: In economics and accounting, cost is the value of money that has been used up to produce something…