The price and cost functions in ringgit of a product are given as p= 600-x and C(x)= 200+6x+2x. If company is producing 95 units of the product, which output level will give more profit from 95 units of production. L 105 II. 100 III. 102 IV. 98

The price and cost functions in ringgit of a product are given as p= 600-x and C(x)= 200+6x+2x. If company is producing 95 units of the product, which output level will give more profit from 95 units of production. L 105 II. 100 III. 102 IV. 98

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The price and cost functions in ringgit of a product are given as
A. I, II and III
p=600-x and C(x)= 200+6x+2x'. If company is producing 95 units of the
product, which output level will give more profit from 95 units of production.
B. II, III and IV
L 105
II. 100
C. I, III and IV
III. 102
IV. 98
D. All the Above

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If x = 95

If x = 105

If x = 100

If x = 102

If x = 98

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Attempt all questions. Q1. a) A local Pepsi company has total costs of production given by the equation TC-500+10q+Sq2. This implies that the firm's marginal cost is given by the equation MC 10+10q. The market demand for cold drink is given by the equation QD-105 (1/2)*P. Write the equations showing the company's average total cost and average variable cost and average fixed cost, each as a function of q. Show the firm's MC, ATC and AVC on one graph. What is the breakeven price and breakeven quantity for this firm in the short run? What is the shutdown price and shutdown quantity for this firm in the short run? If the market price of the output is $50, how many units will this firm produce? iv) Assuming the cold drink industry is perfectly competitive, what output would be produced by the firm in long-run equilibrium? What would be the long-run equilibrium price? i) ii)
P 20 MC АТС 17 d 14 9 6. 40 50 55 80 The marginal revenue (MR) the individual producer receives when it maximizes its profit is $ (numeric) The marginal cost (MC) of the 40th unit produced by the individual firm is $ (numeric) The average total cost (ATC) of the 40th unit produced by the individual producer is $ (numeric)
None
Please give me correct answer with carefully draw and full explanation and calculation otherwise i give downvote Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
Please justify answer quickly
For the firm whose costs are illustrated below, the break-even price is $4. 20 MC 18 16 14 12 10 ATC AVC 4. 2. 0 10 20 30 40 50 60 70 80 90 100 Output Select one: O a, True O b. False Cost (5)
5. Rusty Trawler imports oil from Saudi Arabia. His cost function (for purchasing and delivering the oil) is TC = 5000+.1Q² where Q is the number of barrels of oil delivered. He may sell all the oil he can deliver for $60 per barrel (so TR = 60Q). Given these conditions, what are Rusty's maximum possible profits? a) $0 b) $300 c) $2,500 d) $4,000
EX 21
B6
Hi can you at least answer all of a please thanks
Please refer to the figure below. The equation for p = 105-0.005D 25,000+65D Y D (units sold) Determine the value of the maximum profit. O A. BD53,000 о в. BD52,500 оОс. BD55,000 O D. BD48,000 Cost/Revenue
calculate the profit at the production level.