Sony’s marginal cost function for the manufacture of n number of PlayStation 4’s per hour is:
c ( n ) = 340 + .001 n (in dollars)
And Sony sells PlayStation 4’s for an average wholesale price of $400. Determine the total additional hourly profit corresponding to an increase in production and sales from 50,000 to 60,000 PlayStation 4’s per hour.
Sony’s marginal cost function for the manufacture of n number of PlayStation 4’s per hour is:...
Sony’s marginal cost function for the manufacture of n number of PlayStation 4’s per hour is: c(n)=340+.001n (in dollars) And Sony sells PlayStation 4’s for an average wholesale price of $400. Determine the total additional hourly profit corresponding to an increase in production and sales from 50,000 to 60,000 PlayStation 4’s per hour.
QUESTION 4 When production is 2000, marginal revenue is $20 per unit and marginal cost is $22.25 per unit. Do you expect maximum profit to occur at a production level above or below 2000? Since marginal revenue is less than marginal cost around q = 2000, as you produce more of the product your revenue increases slower than your costs, so profit decreases, and maximal profit will occur at a production level below 2000. The profit function is not given,...
4. (10 points) A company's marginal cost function is C'(x) = 3.22 – 2x + 10 dollars, where a denotes the number of units produced in 1 day. Determine the increase in cost if the production level is raised from r = 1 to 1 = 3 units. Show all of your work.
Question s (20 pts) For a certain manufacturer, the demand function is given by P-34 and the total cost function is TC 357q2+1800q, find: a) Total Revenue function (4 pts) b) Profit function (5 pts) c) Marginal profit function (4 pts) d) Marginal revenue function (4 pts) e) Marginal Cost function (3 pts) +600g Question 6 (20 pts) a. Given a marginal cost function: 0.000204q-0.046q + 6. When the fuxed cost s $15,000, find the total cost for producing 200...
Bus Econ 13.5.69 Question Help A company manufactures mountain bikes. The research department produced the marginal cost function C(x)-500-งิ 0sxs900 where C(x) is in dollars and x is the number of bikes produced per month. Compute the increase in cost going from a production level of 600 bikes per month to 900 bikes per month. Set up a definite integral and evaluate it. The increase in cost is s Bus Econ 13.5.81 := Question Help Given the supply function p=S(x)...
Suppose that there is a single producer of a good and a single retailer. The producer's marginal cost is 14 and the retailer's marginal cost is the wholesale price w plus a unit retail cost equal to 4 . The producer chooses the wholesale price and the retailer the retail price. The demand function is 26-p.(a) Write down the retailer's profit function as a function of the retail price p and the wholesale price w.(b) What is the optimal retail...
EWL Corporation sells its product for $130 per unit. Its total cost function is TC = $15,000+ $800. EWL's production capacity is 500 units per month. It normally operates at 80% of capacity. Match the lettered items on the right with the appropriate item on the left. Each numbered item has only one correct answer. Each lettered item may be used once, more than once, or not at all. 1. Actual unit activity minus A. Margin of safety Breakeven point...
8. 0.6/4 points | Previcus Answers My Notes This is Section 6.1 A company that produces skis has the Cobb Douglas production function Q=/(x,y)-180x0.,0.3 , where Q is the number of pairs of skis produced per month, x is the number of thousands of labor hours per month and y is the value of the equipment in units of thousands of dollars. The company currently has a labor force of 3,000 labor hours per month and $50,000 of capital skis...
George, the owner of a car wash is trying to decide on the number of people to employ based on the following short–run production function: Q = 6L – 0.5L2 Where Q = number of car washes per hour and L = number of workers.a) Generate a schedule showing total product, average product and marginal product. (5 marks) b) The price of a basic car wash is $50. How many workers should he hire if each worker is paid $60/hour?...
flow of cost amd income statement ginocera inc. is a desginer, manufacture, and distributor of custom gorment kitchen knives. Calculator LETO Flow of Costs and income Statement Grocera Inc. is a design, manufacturer and distributor of atom gourmettchen kryes. Anew there is called the kitchen Ninja was released for production in early 2018. in January, the company Spent $600,000 to develop a late night advertising infomercial for the new product. During 207, the company spent an additional $1,400,000 promoting the...