A manufacturer of widgets has fixed costs of $1200 per month, and the variable cost is...
The total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. To determine a formula for the total cost, we need to know the manufacturer's fixed costs (covering things such as plant maintenance and insurance), as well as the cost for each unit produced, which is called the variable cost. To find the total cost, we multiply the variable cost by the number of items produced...
i dont have anyore info to provdie AT&T LTE е 70% 9:32 PM 을 webassign.net The total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. (In this exercise, we measure all monetary values in dollars.) To determine a formula for the total cost, we need to know the manufacturer's fixed costs (covering such things as plant maintenance and insurance) as well as the cost for...
DeWitt’s Widgets have fixed costs of $1.65 million and also have to spend $9.95 for each widget they produce. The function ?(?) = 2000000 ? − 0.055 ? gives the number of widgets that the market is demanding. (This gives the number of items that DeWitt’s Widgets produces and also the number of items that they sell when they charge ? dollars per widget. DeWitt’s produces items on demand.) 1. In this problem you will identify formulas for total cost...
A monopoly produces widgets at a marginal cost of $8 per unit and zero fixed costs. It faces an inverse demand function given by P = 38 - Q.What are the profits of the monopoly in equilibrium? A. $225B. $120C. $345D. None of the statements associated with this question are correct
A monopoly produces widgets at a marginal cost of $10 per unit and zero fixed costs. It faces an inverse demand function given by P = 50 − Q. Which of the following is the marginal revenue function for the firm? Select one: a. MR = 50 − 2Q b. MR = 100 − Q c. MR = 60 − 2Q d. MR = 50 − Q In producing the efficient amount of a public good, government should take into...
A manufa produces a product at a cost of $27.80 per unit. The manufacturer has a fixed cost of $100.00 per day. Each unit retails for $39.00, Let x the of units produced in a 5-day period. (a) write the total cost C as a function of x. C(x) - (b) Write the revenue R as a function of x. R(x) (c) Write the profit P as a function of x. (Hint: The profit function is given by PO-R(x)-ar).) P(x)...
Business calc 1. A stereo manufacturer finds that at a price of $500 per stereo, the demand is 625 stereos per month, while at a price of $400 per stereo, the demand is 675 stereos per month. Fixed costs are $2250 per month and total costs are $6,250 per month at a monthly output of 400 stereos Find the price-demand equation p(x), where p is the price in dollars at which x stereos can be sold. (b) Find the revenue...
Suppose a company has fixed costs of $54,400 and variable cost per unit of 1/3x + 333 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 2065 - 2/3x dollars per unit. (a) Find the break-even points. (b) Find the maximum revenue. (c) Form the profit function P(x) from the cost and revenue functions. Find maximum profit. (d) What price will maximize the profit
Suppose a company has fixed costs of $51,200 and variable cost per unit of 1 3 x + 333 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1965 − 2 3 x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x = (b) Find the maximum revenue. (Round your answer to the nearest cent.) $ (c) Form the profit function...
It’s one question, please answer all parts PROFIT FUNCTION Another company is producing a small new tablet. The company has fixed costs of $15400, and it costs $212 to produce each tablet. The company decides to charge a price of $749 per tablet As in the previous two pages, determine a cost and revenue function for the company, and record those here. C(Q)- R(q) Do not include dollar signs in the answers q should be the only variable in the...