You are setting up a part-time business with an initial investment of $15,000. The unitcost of the product is $11.80, and the selling price is $19.30.a) Find equations for the total cost C and total revenue R for x units.b) Find the break-even point by finding the point of intersection of the cost and revenueequations.c) How many units would yield a profit of $1000?

Q: A company's revenue is $1,600,000. Its explicit cost is $1,000,000 and its implicit cost is…

A: Implicit cost refers to the opportunity cost of the resources which is owned by the owner of the…

Q: The processing time for each activity is given as follows: Processing time per customer 2 seconds 30…

A: *Answer:  Processing time of bottleneck activity = 60 seconds Capacity per hour = (1*Number of…

Q: The cost function for flavored coffee at an upscale coffeehouse is given in dollars by C(x) = 3x +…

A: The break-even point is the sum of earnings required to fund a business's cumulative fixed and…

Q: The Night Owl Restaurant generates sales of $1,000,000 a month with variable costs of 35%. The Kobe…

A: Total sales of menu items=20000 Kobe beef burger=10%price=$13cost=30%

Q: A multiproduct firm’s cost function is   C(Q1 ,Q2 ) = 50 -0.2Q1Q2 + 0.1Q22 Are there economies of…

A: Cost function:Economies of scope occur when the total cost of producing a combination of goods or…

Q: You have a price of $5 per unit. Your total variable costs are $1 per unit and your fixed costs are…

A: break-even is at TR=TC TR=P*Q P=5 and Q=? TR=5Q

Q: A company makes solar panels. The company’s revenue function, in dollars, is R(n)=10n , where n is…

A: Note: Since more than 3 sub-questions are asked, due to Bartleby policy we are allowed to answer not…

Q: Calculate the price per unit if it is given that Total revenue is $840 and the total output is 32…

A: According to the above-mentioned question, we are given that:- Total revenue = $840 Output = 32…

Q: Fixed Costs are expenses that: Multiple Choice Do not change as production changes. They are usually…

A: Fixed cost are the cost that do not depend on level of production

Q: Suppose a company's revenue function is given by R(q)=−q3+400q2R(q)=-q3+400q2 and its cost function…

A: Profit maximising condition  where marginal cost is equal to marginal revenue   And Equilibrium…

Q: Cost, revenue, and profit are in dollars and x is the number of units. If the daily marginal cost…

A: Answer to the question is as follows:

Q: If the firm is maximizing its profits when the price is $12, its total cost is: a) $1200 b) $700…

A: A competitive firm maximizes profit by producing at P=MC

Q: C(x) = 60 + x² dollars. %3D (a) Find the marginal cost at x = 4 units. MC(4) = Tell what this…

A: Cost function alludes to the functional connection among cost and result. It concentrates on the way…

Q: Cost, revenue, and profit are in dollars and x is the number of units. If the daily marginal cost…

A: Given, Marginal cost (MC) = 4x+150 Fixed cost (FC) = $600 Here MC = dCdX

Q: A restaurant selling hamburgers has fixed costs of $11,975 and sells the burgers for $4.50 each. The…

A: Break-Even Point:  The break-even point is the point at which total revenue equals total costs,…

Q: The function C(x)=−24x+1936 represents the cost to produce x items. What is the least number of…

A: Here we are given the total cost function. Dividing that by the number of units we will get the…

Q: The following figures have been planned for a department. Shortages 0.8% Employee discounts 2.5%…

A: Initial Markup% = (Expenses + Profit + Alteration Costs + Shortages + Employee Discounts +…

Q: The difference between ATC and AVC decreases with decrease in level of output.

A: Average total cost (ATC) is the ratio of the total cost (TC) and the quantity (Q).  ATC=TCQ Average…

Q: If explicit costs is $300 and total revenue is $1000 Calculate the accounting profit

A: according to the above given question, we are given that;- Explicit costs = $300 Total revenue =…

Q: Calculate Total revenue given that accounting profit is $340 and the explicit cost is $600

A: The data presented in the question above is:- Accounting profit = $340 Explicit cost = $600 Total…

Q: If explicit cost is $300, implicit cost Is $220 and total revenue is $700  Find Economic profit

A: The information being given is:- Explicit cost = $300  Implicit cost = $220 Total revenue = $700 We…

Q: Acme Distributors has an annual demand for an airport metal detector of 1,575 units. The unit cost…

A: When more goods or materials are purchased, a customer is given an incentive called a quantity…

Q: Diminishing Returns Jesaki Inc estimates that it will sell N(x) units of product after spending $x…

A: When the marginal product( MP) begins to rise or upto the point where marginal product curve has a…

Q: Q.1) The Metal Works Inc. received an order for 500 metal gates. The fixed cost is assumed to be…

A: As per total revenue it is known to be as the value of the total receipts a seller in the market can…

Q: Calculate Accounting profit if total revenue is $23,000 and explicit cost is $16,000

A: According to the above given question, the information given is:- Total revenue = $23,000 Explicit…