Marginal Cost Soni
The total cost for Soni corp. to manufacture q DVD players is given by the function C(x)= 6q^3 - q^2 + 7q + 90, where q represents the quantity of DVDs manufactured. Find the marginal cost for Soni Corp. when it manufactures 5 DVDs.
Homework Answers
total cost c(x)=6q^3-q^2+7q+90
marginalcost dc/dq =18q^2-2q+7
marginal cost for soni corp when it manufactures 5 DVD's=18*5^2-2*5+7
=18*25 -3
=450-3
=447
Break-Even Analysis A multimedia company produces DVDs. It estimates their cost function to be: C(x) =...
Break-Even AnalysisA multimedia company produces DVDs. It estimates their cost function to be:C(x)=13.2 x+48,038The DVD is sold to retail outlets and the revenue function is:R(x)=16.61 xBoth C(x) and R(x) are in dollars and x= number of DVDs manufactured and sold.How many DVDs must be manufactured and sold in order for the company to break even? (Round to the nearest whole number).Equilibrium AnalysisSuppose that the demand function and supply function for honey are P=D(q)=-1.3 q+23 andP=S(q)=0.5 q+2.9where P is the price...
Can you please show steps and rules? Why is(I=30) equal to Delta Q over Delta P?...
Can you please show steps and rules? Why is(I=30) equal to Delta
Q over Delta P?
QDVD = 136 - 1.8PpVD-1.5Py + 30PM + 14.21, where QDVD = quantity of DVD players purchased per year, Ppvp = price of a DVD player in dollars), Py = price of a DVD (in dollars), PM = price of a movie ticket (in dollars), and I = income in thousands of dollars). The average values of these variables when the demand function was...
Reference: Ref 6-15 Bottled Water Quantity Total Utility Bags of Chips Quantity Total Utility 1 2...
Reference: Ref 6-15 Bottled Water Quantity Total Utility Bags of Chips Quantity Total Utility 1 2 40 70 90 100 106 60 90 105 114 120 2 4 4 29. (Table) In the table, assume that a consumer has a budget of $12, water costs $2 per bottle, and chips cost $3 per bag. When utility is maximized, the MUIP for both goods is: A) 20 B) 5 C) 3. D) 10. 30. Suppose you have $100 to spend on...
QUESTION ONE A. Suppose the marginal cost and marginal revenue (in ¢000) for a product produced...
QUESTION ONE A. Suppose the marginal cost and marginal revenue (in ¢000) for a product produced by a company is estimated to be MC = q +35 MR = 560 + 22q-q? Where q is the quantity produced and the firm's break-even is 5 units per week You are Required to 1. determine the total cost and the total revenue function in terms of q. (6 marks) II. estimate the output at which profit is maximize (6 marks) III. calculate...
Question 2 [20 marks] = Given that the price of the product is P(Q) 4000 –...
Question 2 [20 marks] = Given that the price of the product is P(Q) 4000 – 33Q and the Marginal Cost function of producing the same product is C' = 602 – 6Q + 400. Assuming Q> 0. a) Find the revenue and marginal revenue function of the production in term of Q. (3 Marks) b) Find the total cost function if the fixed cost of the production is RM5000. (4 Marks) c) Interpret the result of the marginal profit...
b) (4 points) Graph demand, marginal revenue, marginal cost and average total cost (ATC) below. Mark...
b) (4 points) Graph demand, marginal revenue, marginal cost and
average total cost (ATC) below. Mark Q*, P*, ATC* (you’ll have to
calculate it) and the endpoints to all of the curves.
c) (2 points) Given your answers above, explain which curve(s)
will shift in the long run and why.
d) (4 points) Draw the graph that represents this firm in the
long-run. Label the profit-maximizing price and quantity as P* and
Q*, respectively. No numbers are necessary, but be...
Quantity Total Cost Q Variable Marginal Cost Marginal Cost Cost MC MC VC (calculated (calculated using...
Quantity Total Cost Q Variable Marginal Cost Marginal Cost Cost MC MC VC (calculated (calculated using TC) using VC) TC O dozen pizzas $300 $0 ܝܕ 350 50 390 90 N 3 420 120 4 450 150 5 490 190 6 540 240 3 420 120 4 450 150 5 490 190 6 540 240 What is the pizzeria's fixed cost? Note: Recall that TC = FC + VC $200 $300 $400 cannot be determined Construct a table in which...
Dynamic Competitive Equilibrium. Wal-Mart and other movie DVD retailers, including online vendors like Amazon.com, employ a two-step pricing policy, During the first 6 months following a theatrical r...
Dynamic Competitive Equilibrium. Wal-Mart and other movie DVD retailers, including online vendors like Amazon.com, employ a two-step pricing policy, During the first 6 months following a theatrical release, movie DVD buyers are wiling to pay a premium for new releases. Total and marginal revenue relations for a typical newly released movie DVD are given by the following relations TR $28Q $0.0045 Q2 aTCaQ = $28 _ $0.009 Q MR Total cost (TC) and marginal costs (MC) for production and distribution...
5. The cost of producing an additional unit of output is the firm’s a. Marginal cost b. Average total cost c. Variab...
5. The cost of producing an additional unit of output is the firm’s a. Marginal cost b. Average total cost c. Variable cost d. Average variable cost 6. Which of the following equations represents a typical (generic) production function studied by economists? a. E = mc2 b. MC = (change in total costs)/(change in quantity) c. Profit = Total Revenue – Total Costs d. Q = f(K,L) e. ECON 202 = fun 7. A firm would never choose to continue...
Can you please show steps and rules? Why is(I=30) equal to Delta
Q over Delta P?
QDVD = 136 - 1.8PpVD-1.5Py + 30PM + 14.21, where QDVD = quantity of DVD players purchased per year, Ppvp = price of a DVD player in dollars), Py = price of a DVD (in dollars), PM = price of a movie ticket (in dollars), and I = income in thousands of dollars). The average values of these variables when the demand function was...
Reference: Ref 6-15 Bottled Water Quantity Total Utility Bags of Chips Quantity Total Utility 1 2 40 70 90 100 106 60 90 105 114 120 2 4 4 29. (Table) In the table, assume that a consumer has a budget of $12, water costs $2 per bottle, and chips cost $3 per bag. When utility is maximized, the MUIP for both goods is: A) 20 B) 5 C) 3. D) 10. 30. Suppose you have $100 to spend on...
QUESTION ONE A. Suppose the marginal cost and marginal revenue (in ¢000) for a product produced by a company is estimated to be MC = q +35 MR = 560 + 22q-q? Where q is the quantity produced and the firm's break-even is 5 units per week You are Required to 1. determine the total cost and the total revenue function in terms of q. (6 marks) II. estimate the output at which profit is maximize (6 marks) III. calculate...
Question 2 [20 marks] = Given that the price of the product is P(Q) 4000 – 33Q and the Marginal Cost function of producing the same product is C' = 602 – 6Q + 400. Assuming Q> 0. a) Find the revenue and marginal revenue function of the production in term of Q. (3 Marks) b) Find the total cost function if the fixed cost of the production is RM5000. (4 Marks) c) Interpret the result of the marginal profit...
b) (4 points) Graph demand, marginal revenue, marginal cost and
average total cost (ATC) below. Mark Q*, P*, ATC* (you’ll have to
calculate it) and the endpoints to all of the curves.
c) (2 points) Given your answers above, explain which curve(s)
will shift in the long run and why.
d) (4 points) Draw the graph that represents this firm in the
long-run. Label the profit-maximizing price and quantity as P* and
Q*, respectively. No numbers are necessary, but be...
Quantity Total Cost Q Variable Marginal Cost Marginal Cost Cost MC MC VC (calculated (calculated using TC) using VC) TC O dozen pizzas $300 $0 ܝܕ 350 50 390 90 N 3 420 120 4 450 150 5 490 190 6 540 240 3 420 120 4 450 150 5 490 190 6 540 240 What is the pizzeria's fixed cost? Note: Recall that TC = FC + VC $200 $300 $400 cannot be determined Construct a table in which...
Dynamic Competitive Equilibrium. Wal-Mart and other movie DVD retailers, including online vendors like Amazon.com, employ a two-step pricing policy, During the first 6 months following a theatrical release, movie DVD buyers are wiling to pay a premium for new releases. Total and marginal revenue relations for a typical newly released movie DVD are given by the following relations TR $28Q $0.0045 Q2 aTCaQ = $28 _ $0.009 Q MR Total cost (TC) and marginal costs (MC) for production and distribution...
Most questions answered within 3 hours.
-
What are the negative effects of abruptly stopping the use of
all fossil fuels? Give at...
asked 5 minutes ago -
Given that many conflict are the result of different parties having
different interests, is it possible...
asked 10 minutes ago -
A 750 g block can slide uniformly along the horizontal track
when a string attached to...
asked 13 minutes ago -
In 2017, Juan entered into a contract to write a book. The
publisher advanced Juan $50,000,...
asked 27 minutes ago -
Determine the number of kinds of protons in each molecule (w/
respect to NMR spectroscopy). Drawing...
asked 37 minutes ago -
A jeweler whose near point is 68 cm from his eye uses a
magnifying glass as...
asked 35 minutes ago -
A company wants to determine how many units of each of two
products, A and B,...
asked 39 minutes ago -
The blood pressure of a person changes throughout the day.
Suppose the systolic blood pressure of...
asked 48 minutes ago -
A chemistry student desired to study sulfur. Sulfur exhibited
the following characteristics with oxygen:
(a) It...
asked 44 minutes ago -
An Atwood machine is constructed of a solid-disk frictionless
pulley of mass m3 and radius R....
asked 46 minutes ago -
what are the advantages of lanthanum hexaboride over tungsten
filament for electron emission
what is the...
asked 47 minutes ago -
Question 5
Your uncle offers to sell you his vintage Rolls Royce. He
suggests a payment...
asked 52 minutes ago