The Rolling Creek Textile Mill makes denim. The monthly fixed cost is $8,000, and the variable cost per yard of denim is $0.35. Price is related to demand, according to the following linear equation: v = 17,000 - 5,666p Develop the nonlinear profit function for the textile mill and determine the optimal price, the optimal volume, and the maximum profit per month.

Q: Suppose that the fixed cost for a product is $200 and the break-even quantity is 50. find the…

A: The marginal profit will be computed as the selling price per unit, minus the variable cost per…

Q: a) The marginal profit MP(x) for producing x units of an electrical appliance is given by the linear…

A: A business unit will keep producing and selling more quantity of its service as long as its…

Q: If the demand function for math self-help videos is given by 45 - 0.4x, and the total cost function…

A: Demand Function for math self-help videos can be written as:P = 45 - 0.4x   , where P is the price ,…

Q: A particular computing company finds that its weekly profit, in dollars, from the production and…

A: Marginal profit is the additional profit earned when an additional unit of output is produced.

Q: Given the input-output matrix below, find the output matrix if final demand changes to 400 for…

A: Solution-  To solve this problem, we need to use the Leontief Input-Output Model, where the…

Q: The daily demand function for x LED lights sold by a major retailer is p = 715 - 0.75x dollars, and…

A: The demand function for LED light for a retailer: P=715−0.75x.Average cost function: AC=220+2x.To…

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: Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets,Bangladesh and…

A: Total profit = Total revenue - Total cost Revenue = Price * Quantity

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

A: The cost of production in economics means the total expenses incurred by a firm in the process of…

Q: The total cost and the total revenue (in dollars) for the production and sale of x ski jackets are…

A: Revenue refers to the total amount of money earned by a firm from the sale of its goods or services.…

Q: The manager of Don Teeta Company Limited hires labour (L) and rents capital equipment (K) in a very…

A: Given  wage rate of labor (w) = 2 capital rent (r) = 5 Price of Product (P) = 0.75 Total Cost (TC) =…

Q: = 40q – 12q² and its where q is the firm's output. (b) The total revenue curve of a firm is R(q) 400…

A: Hi! Thank you for the question but as per the guidelines, we only answer first three sub-parts of…

Q: Green et al. (2005) estimate the supply and demand curves for California processed tomatoes. The…

A: Market equilibrium: At the market equilibrium we have demand equals to supply. Or at market…

Q: d) If James decides to make a total of 51rolls and pies per day and charges different prices as…

A: In order to optimize the production bundle when the firm charges different prices, we shall…

Q: A smartphone repair firm in Boston has a production function for producing phone repairs, q, defined…

A: The production function represents the relationship between the output and inputs. The change in…

Q: Question…

A: Price discrimination refers to the process of charging different price for the same good in…

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: the mahogany cabinet and furniture company makes chairs. the fixed coat per month of making chairs…

A:

Q: For a certain company, the cost function for producing x items is C(x)=40x+150 and the revenue…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: A donut shp has a fixed cost of $92000 per day and a varibale cost of $2 for each donut produced. If…

A: Fixed cost per day is $92000 Variable cost for each donut is $2 Price for each donut is $5 For…

Q: Suppose that a demand equation is given by q=1750-25p and the cost of producing q units is given by…

A: Economic profit:The economic profit is calculated by subtracting all cost that is incurred in an…

Q: Best Orange Juice Company is located in Oman. The cost function for total orange juice production…

A: MC = dC/dx = 0.5x = 0.5xs + 0.5xm Pm = (100 - xm) / 2 = 50 - 0.5xm Ps = (100 - xs) / 4 = 25 - 0.25xs…

Q:  All-Leather is a tanning company in Chicago. Its total cost function is   C(QA) =…

A: a. C(QA) = 25 + 10QA + 4QA2    MC = dC(QA) dQA    MC = 10 + 8QA

Q: For a company that manufactures wooden furniture the fixed costs is $900,000 per month. The variable…

A: A variable cost is a corporate expense that changes in proportion to how much a company produces or…

Q: The manufacturer of electronic fans is trying to decide what price to set for its product. The…

A: Given information: P = 90 - 2.5Q ------> Demand function TC = 80 + 60Q - 1.5Q2 ---------> Cost…

Q: Consider a firm in a competitive industry. The firm's average cost curve and marginal cost curve are…

A: Equilibrium is where the demand curve intersects the supply curve. In perfect competition, In short…