What are the breakeven points and the range of profitability for the given total profit general equation of a product TP = -0.02D²+500D-1000? 1.Breakeven Points: Blank 1 and Blank 2 units 2.Range of Profitability: From Blank 3 to Blank 4 units Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your answer Blank 4 Add your answer

What are the breakeven points and the range of profitability for the given total profit general equation of a product TP = -0.02D²+500D-1000? 1.Breakeven Points: Blank 1 and Blank 2 units 2.Range of Profitability: From Blank 3 to Blank 4 units Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your answer Blank 4 Add your answer

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Discuss where does the shutdown being and why? What does the company has to do to get back to supernormal profit?
MCQ 25 A price-setting firm faces a demand curve described by the equation P = 100 - 5Q and its total production costs are given by the equation TC = 12 + 30Q. With this revenue and cost information, if the firm aims to maximise total profits, it should set price P at: A 65 В I do not want to answer this question. C 95 D 5 E 7 F 35
In the graph below, a firm will continue to operate in the short-term with losses in which region: Cost and revenues (dollars) Ps P P₁₂ P₂ P₁ 0 O Betweena & b O Between b & e ○ Between b & d O Between a &d Q2 Q3 Q4 Q5 Quantity supplied MC ATC MR AVC MR Average Fixed Costs MR MR₂ MR₁
TRUE OR FALSE.. If the company cannot sell its fixed assets for the meantime, it is better for the firm to continue the operations even if it is losing provided the total revenue can cover the total variable cost and partial of the fixed cost.
1. The following company is in a price taking situation. Price (=marginal revenue) on the market for its products is equal to $3 per unit. Fixed cost is $1000 Fill in the table for all the columns. ( ) At which point should the company stop producing? At this point what is the per unit profit (mark- up or margin) for the company? Qty 0 100 200 300 400 500 600 VC $100 $300 $500 $700 $800 $1200 FC TC AVC ATC MC per unit MR per unit
Desmond works as an accountant making $80,000 per year. He is considering leaving his job to open an artisanal cheese shop. He estimates that he will need to spend $20,000 per year on space, $10,000 per year on supplies and $40,000 per year on staff. The shop will earn will earn $120,000 per year in revenue. Assuming his estimates are accurate, what will Desmond's accounting profit be? Assuming his estimates are accurate, what will Desmond's economic profit be? Please enter your solution without commas, dollar signs, or cents.
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
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$30 M ATO 20 AVC 15 75 80 100 Output 1-At which point the firm gets abnormal profit? 2- based on your answer in question one, what is the amount of total revenue? 3- based on your answer in question one, what is the amount of abonormal profit? 4-Find the value of Average Fixed cost at Q= 100 5- Determine the shutdown point? For the toolbar, press ALT+F10 (P) or ALT+FN+F10 (Mac).
Based on the information in the table below, determine what quantity this firm should produce to maximize its profit. Quantity Marginal Cost Average Total Cost P=Marginal Revenue Total Cost 0 $ 100 1 $ 200 $ 300 $ 200 $ 300 2 $ 100 $ 200 $ 200 $ 400 3 $ 70 $ 157 $ 200 $ 470 4 $ 100 $ 143 $ 200 $ 570 5 $ 142 $ 142 $ 200 $ 712 6 $ 200 $ 152 $ 200 $ 912 7 $ 270 $ 169 $ 200 $ 1,182 8 $ 318 $ 188 $ 200 $ 1,500 Group of answer choices
$150 $145 $140 MC $135 $130 $125 $120 $115 ATC $110 $105 $100 $95 $90 $85 $80 AVC $75 $70 $65 $60 $55 $50 $45 $40 $35 $30 $25 0 1 2 3 5 6 Quantity Produced 7 8 9 10 11 The graph above shows the cost functions for a perfectly competitive profit maximizing firm. If the market price of the product is $70 per unit, the firm will produce units, will cover make an economic profit of dollars. dollars of its fixed cost, and will
please only solve part g!