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- Windies Cricket manufactures Windies supporter jerseys. The quantity q, of thesejerseys demanded weekly is related to the wholesale price per jersey p, by thefollowing equation:? = −0.006? + 15The weekly total cost incurred by Windies Cricket for producing q jerseys is:?(?) = 38? − 0.02?2 + 30,000a. Determine an expression to represent the weekly Revenue functionb. Determine an expression to represent the weekly Profit function.c. Calculate the weekly Revenue when ten dozen jerseys are produced and sold.d. Will Windies Cricket record a loss or profit if they were to produce and sell 2450jerseys?e. If Windies Cricket wishes to maintain a total cost less than $42,000.00, whatrange(s) of Windies jerseys should be produced. f. Calculate the equilibrium price and quantity for Windies jerseys.5SuProse a liim hus revenue R=15t- 5q2 und (Ost (= 93-13.5e+ 50+ 40. Make a sketch of average Variable cOst, marginal (ost and maigina fevenue.
- What is the marginal effect of experience if a baseball player has 5 years of experience? Call: lm(formula Salary = Residuals: Min 1Q Median Max 3Q -7596287 -2108665 -462907 1582398 21522851 Coefficients: HR R (Intercept) -1820768 Experience ExperSq --- Estimate Std. Error t value Pr(>ltl) 845,369 Experience + ExperSq+ HR + R, data = Baseball_for_R) 845369 -23846 93232 31963 Signif. codes: 0*** 0.001 **' 0.01 * 0.05 0.1' -23,846 Residual standard error: 3451000 on 406 degrees of freedom Multiple R-squared: 0.4736, Adjusted R-squared: 0.4684 F-statistic: 91.3 on 4 and 406 DF, p-value: < 2.2e-16 606,909 359743 -5.061 6.32e-07 *** 7.066 6.98e-12 *** 119636 8236 -2.895 0.003994 ** 26782 3.481 0.000553 *** 8645 3.697 0.000248 *** 3,630,695 1UrmilabenProfit Analysis Unendo, is a large computer game manufacturer. CALL DUTY WWII They have estimated that the demand function for their game "Call of Duty: WWIII" is as follows ... p = 82 - 0.05q; where p is the price of a game and q is the number of game produced and sold per week. They estimate that their cost function in dollars is ... C(q) = 22g + 5000; where the fixed cost is $5000 and the marginal cost is $22 per game Unendo wishes to maximize the weekly profit of producing and selling the game. Find the price, p, per game that generates maximum profit. (Round vour answer to 2. decimal places if necessarv). 8.
- i need help with this question 8 from my microeconmics assigments. i have already gotten it wrong twice.1Windhoch Maulacture Company son a government tender to manufacture nurse's uniform. Recently, hindhekh Manulaqure Commpon, hired an economist to estimatk its cost function For proclucing nursels unitho. The estimated cosk funChonis: TC=400Q-5007504here Q is the quantity of nurse's. luniform podiced l0oWhat is the level of auput at which the poduction. 6e the uniform minimizes the ATCP companys
- Hi, I have been trying to compute the optimal values from this lagrangian. But I can't seem to find a way to get the values from the answer key. I attached both the question and answers. Could you please explain to me how to get these values from the first-order conditions? Thank you very muchGive me an example How Efficient are Graphical techniques – scatter plots for Estimating Costs?Cost of buying tomato plants are 20 cents each and a farmer sells them for 50 cents each. His fixed costs are euro 60 including the rate he pays to the local council. How many tomato plants must he sell to break even? What kind of profit will he realize from selling 180 plants? Formulate P(x) function clearly and graph it. Values of its intersections with both axes must be clear.