Given: TR= 14Q TC= 48+Q+0.5Q2 Find the amount of (Q) that maximizes profit by using II=TR_TC...
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Given: TR= 14Q
TC= 48+Q+0.5Q2
Find the amount of (Q) that maximizes profit by using II=TR_TC...
Assume TR(Q) = 150 + 500-50° and TC(Q) = 100 + 6Q Create a table in...
Assume TR(Q) = 150 + 500-50° and TC(Q) = 100 + 6Q Create a table in Excel showing TR(Q), MR (0), TC(Q), MC (Q), π (Q), and marginal profit, as O goes from 0 to 10 in increments of 1 b. Identify the level of Q that maximizes profit. c. At the level of Q that maximizes profit, what is the relation between MR and MC? d. At the level of Q that maximizes profit, what is marginal profit? e....
15. Assume TRO) 150+50Q 502 and TC(Q) 100 6Q Create a table in Excel showing TR(Q),...
15. Assume TRO) 150+50Q 502 and TC(Q) 100 6Q Create a table in Excel showing TR(Q), MR(Q) , TC(Q), MC(Q), π(Q), and marginal profit, as Q goes from 0 to 10 in increments of1 b. Identify the level of Q that maximizes profit. c. At the level of Q that maximizes profit, what is the relation between MR and MC? d. At the level of Q that maximizes profit, what is marginal profit? e. Check your answer in part b...
TR = 42Q -0.5Q2 TC=Q3-8Q2+57Q+50 Find the profit maximizing Output level.
TR = 42Q -0.5Q2 TC=Q3-8Q2+57Q+50 Find the profit maximizing Output level.
12. Given the demand function is Q 180 5P, find the following: a The revenue finction...
12. Given the demand function is Q 180 5P, find the following: a The revenue finction b. The revnue maximizing output and price c. The own-price elasticity of demand at P $80 d. The level ofe and P where the own-price elasticity of demand (ED) is equal to one, in absolute value. What is the nature of total revenue when lEDl 1? 13. Assume that the demand function is Q demand at each of the following prices a. b. $7...
Consider a competitive firm with total costs given by TC(q) = 100 + 10q + q...
Consider a competitive firm with total costs given by TC(q) = 100 + 10q + q 2 The firm faces a market price p = 50. (d) Find the profit-maximizing level of output q^*. At this level of output, what are TR, TC, ATC, and π? (e) Graph the ATC, AVC, MC, and MR curves in a single graph, and indicate the profit-maximizing level of output. If there are profits, shade the region corresponding to profit and label it.
TR - (100-298 1004.22 9= 25 Check q=35 T=TR -TC MR = 100.49 T= (193.35)-(500+560+122) =...
TR - (100-298 1004.22 9= 25 Check q=35 T=TR -TC MR = 100.49 T= (193.35)-(500+560+122) = 970 MAX price = 93 MAX Quantity =35 Profit = 970 me > MR 27.4V 9-15 4) A firm has a demand curve of q = 400 - 4p. They compute their variable costs to be, vo - 40q+.25q'. They have a fixed cost associated with the business of $10,000. What is the firm's profit maximizing price and quantity? What is their profit? Be...
The Hamdar's Independence_phone company (HIPC) is currently engaged in a rate case that will set rates...
The
Hamdar's Independence_phone company (HIPC) is currently engaged in
a rate case that will set rates for its area costumers. HIPC has
total assets of $220,000,000. The government of Lebanon has
determind that a 10% return on its assets is fair. HIPC has
estimated its annual demand function as follows:
P= 350_0.08
Its total cost function is :
TC = 2,300+130
a. find the profit maximizing level of Q, the price at profit
at profit maximization and the total amount...
Consider a competitive rm with total costs given by TC(q) = 100 + 10q + q^2,...
Consider a competitive rm with total costs given by TC(q) = 100 + 10q + q^2, The firm faces a market price p = 50. (a) Write expressions for total revenue TR and marginal revenue MR as functions of output q. (b) Write expressions for average total cost ATC, average variable cost AVC, and marginal cost MC as functions of output q. (c) For what value of output is ATC minimized? (d) Find the profit maximizing level of output q...
Fill in the Table for a monopoly. Q P TR TC Profit MR MC 10 $20...
Fill in the Table for a monopoly. Q P TR TC Profit MR MC 10 $20 $150 11 19 155 12 18 161 13 17 170 14 16 185 39 15 15 210 What is the highest profit possible? What is the profit maximizing level of output? What is the profit maximizing price? Draw the graph for a monopoly below, find the profit maximizing level of output Q*, the profit maximizing price P*, the average total cost ATC*, the profit...
6. Given the following function TR(Q) -600Q -40 TC(Q) = 1000 + 10,200 a. b. c....
6. Given the following function TR(Q) -600Q -40 TC(Q) = 1000 + 10,200 a. b. c. d. e. Find the revenue maximizing level of output (check 2ad order conditions also), Find the maximum revenue Find the corresponding profit function Find the profit maximizing level of output (check 2nd order conditions also) Find the maximum profit
Assume TR(Q) = 150 + 500-50° and TC(Q) = 100 + 6Q Create a table in Excel showing TR(Q), MR (0), TC(Q), MC (Q), π (Q), and marginal profit, as O goes from 0 to 10 in increments of 1 b. Identify the level of Q that maximizes profit. c. At the level of Q that maximizes profit, what is the relation between MR and MC? d. At the level of Q that maximizes profit, what is marginal profit? e....
15. Assume TRO) 150+50Q 502 and TC(Q) 100 6Q Create a table in Excel showing TR(Q), MR(Q) , TC(Q), MC(Q), π(Q), and marginal profit, as Q goes from 0 to 10 in increments of1 b. Identify the level of Q that maximizes profit. c. At the level of Q that maximizes profit, what is the relation between MR and MC? d. At the level of Q that maximizes profit, what is marginal profit? e. Check your answer in part b...
TR = 42Q -0.5Q2 TC=Q3-8Q2+57Q+50 Find the profit maximizing Output level.
12. Given the demand function is Q 180 5P, find the following: a The revenue finction b. The revnue maximizing output and price c. The own-price elasticity of demand at P $80 d. The level ofe and P where the own-price elasticity of demand (ED) is equal to one, in absolute value. What is the nature of total revenue when lEDl 1? 13. Assume that the demand function is Q demand at each of the following prices a. b. $7...
TR - (100-298 1004.22 9= 25 Check q=35 T=TR -TC MR = 100.49 T= (193.35)-(500+560+122) = 970 MAX price = 93 MAX Quantity =35 Profit = 970 me > MR 27.4V 9-15 4) A firm has a demand curve of q = 400 - 4p. They compute their variable costs to be, vo - 40q+.25q'. They have a fixed cost associated with the business of $10,000. What is the firm's profit maximizing price and quantity? What is their profit? Be...
The
Hamdar's Independence_phone company (HIPC) is currently engaged in
a rate case that will set rates for its area costumers. HIPC has
total assets of $220,000,000. The government of Lebanon has
determind that a 10% return on its assets is fair. HIPC has
estimated its annual demand function as follows:
P= 350_0.08
Its total cost function is :
TC = 2,300+130
a. find the profit maximizing level of Q, the price at profit
at profit maximization and the total amount...
6. Given the following function TR(Q) -600Q -40 TC(Q) = 1000 + 10,200 a. b. c. d. e. Find the revenue maximizing level of output (check 2ad order conditions also), Find the maximum revenue Find the corresponding profit function Find the profit maximizing level of output (check 2nd order conditions also) Find the maximum profit
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