①The total cost for producing x items is given by 12x + 3735.Each item is sold for $21. Find the formula for the totalitems must be sold to break even?revenue. HowMany②Solve the equation x² - 10x = -2x-153 A department store will buy 8 items if the price is $40 peritem, and 14 items if the price is $28 per item. TheSupplier is willing to sell 5 items if the price is $70peritem and 12 items if the price is $140 per item.If the supply and demand functions are linear, find the equilibrium point.invest $10,000 in an account that pays 10% compoundedyoucontinuously, how much money will you have in 15 years?(4) If⑤ het f(x) =300√x+ 2. Find the average rate of changewhen x increases from 25 to 100.Calculate derivatives of the following functions.a)22x-34x+5b) (2x5 +1) 9⑦Calculate derivatives of the following functions8の26xв) че6)1) In (3x² + 5x)Calculate the following integralS (8x7 - 12x 5 + 3x² + 4) dx

Answered: Image /qna-images/answer/d4bf1612-faea-4ce6-a01b-ae786e755487.jpg

Answered: ①The total cost for producing x items…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Jeremy worked at a bank with a monthly salary of $1,500. He decided to quit his job and open a bookstore inhis neighborhood. He now pays $500 in rent, $80 in utilities and $120 in wages every month. He also paysthe publisher $5 per book sold. This month Jeremy sold 100 books at the price of $30 per book.a. What was the total revenue this month? Calculate this month’s explicit fixed cost, the variable costand the total cost.b. How much accounting profit did Jeremy make?c. How much economic profit did Jeremy make?d. If Jeremy had not quit his job at the bank, he could have been promoted and got a pay raise of 30percent. How would this affect his accounting profit and his economic profit?
1. Profit maximization and loss minimization BYOB is a monopolist in beer production and distribution in the imaginary economy of Hopsville. Suppose that BYOB cannot price discriminate; that is, it sells its beer at the same price per can to all customers. The following graph shows the marginal cost (MC), marginal revenue (MR), average total cost (ATC), and demand (D) for beer in this market. Place the black point (plus symbol) on the graph to indicate the profit-maximizing price and quantity for BYOB. If BYOB is making a profit, use the green rectangle (triangle symbols) to shade in the area representing its profit. On the other hand, if BYOB is suffering a loss, use the purple rectangle (diamond symbols) to shade in the area representing its loss. 4.00 3.50 Monopoly Outcome 3.00 2.50 Profit ATC 2.00 1.50 Los 1.00 MC 0.50 D MR 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 QUANTITY (Thousands of cans of beer) Suppose that BYOB charges $2.50 per can. Your friend Clancy says that since BYOB is a…
The demand for the book is P = 89 - 2Q. A bookstore can order copies that will cost $5. If the bookstore orders 3 books, what is the total profit? Enter as a value. ◄ Previous Next ▸
Would a cost function of 0 mean a linear line of supply curve? For example if 10 firms are on the market selling 10 goods and the cost function is 0?
You are given the following information about the market for Birkin Bags: The formula for Demand is as follows: Qd: 400,000-10*P. It's Cost Function is 20,000,000 + 6000 Questions: (1) What is the price (P) where REVENUE is maximized? (2) What is the price (P) that maximizes PROFITS? (3) What is the QUANTITY (Q) that maximizes profits at that price? (4) What are TOTAL PROFITS at that price?
A firm has a linear demand function for its product. When the price of the product isSh.220, the quantity demanded is 40 units. When the price increases to Sh.240, thequantity demanded becomes 30 units. In addition, the firm’s marginal cost function isgiven by:MC = 40q – 2q2 + 2Fixed cost = Sh.5 millionWhere q = quantity demanded, MC = marginal cost (Sh. million)Evaluate the level of output that maximizes profits.
At 130 units of output, marginal revenue is $8, marginal cost is $8, and average cost is $5. If consumers demand 130 units of output when the price is $9, what is the expected profit? Provide your answer below:
Consider that your profit-maximizing quantity of 300 can be produced at an average cost per unit of $11 and sold for a market price of $18. What is your profit per unit? $ What is your total profit? S
The Orlando Magic is the National Basketball Association (NBA) professional basketball team that plays at the Amway Center in downtown Orlando. Which of the answer choices best describes a VARIABLE COST for the Orlando Magic? O The Magic's advertising expense for its "Go Magic!" television commercials. The Magic's 13-player roster, including guard Devin Cannady and center Mo Bamba. O The Magic's ticket price of $257 to sit in the Legends Seats. The rent that the Magic pays the City of Orlando for use of the Amway Center.
Suppose a firm engaged in the illegal copying of DVD’s has a daily short run total cost function given by: STC = (q^2)+25 If pirated DVD’s sell for $20, how many will the firm copy each day? What will its profits be? What is the firm’s short run producer surplus at P=20? Develop a general expression for this firm’s producer surplus as a function of the price of pirated DVD’s.
6. esc A company sells one of its products for $42 each. The monthly fixed costs are $2700. The marginal cost of the product is $10. Let q=quantity and C(q) = cost. a) Express the total monthly costs, C, as a function of q, the quantity produced each month. C(q) = 9= :0: 21 O Express the total monthly revenue, R, as a function of the quantity, q, sold each month. R(q) = c) Find the quantity, q, produced and sold each month at which this company will break even. Round your answer to a whole number. F1 50,252 8. F2 20 F3 ITEMS 000 000 F4 F5 INFO MacBook Pro S F6 tv F7 RA ► 11 F8 W < Previous Nex F9 Instructions ^ F10 4) F11 €
markscheme says answer is d but i think it might be an error so want to ask experts

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