Editing and printing proves of the photos cost the photographer $5.59 each. The photographer also has...
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Editing and printing proves of the photos cost the photographer
$5.59 each. The photographer also has...
On the first day of the new year to get her business started, the owner/photographer of...
On the first day of the new year to get her business started, the owner/photographer of Exquisite Portraits Inc. paid $200 for business cards, $1,000 for a listing in Yellow Pages, and $250 for an annual business license. She also leased a professional portrait camera and studio lighting equipment by signing an agreement to pay a monthly lease of $1,000 each month for the next 12 months. This lease is ironclad: She must pay for all 12 months, and she...
At Carla's taco stand, each taco costs $2.10 to make and she sells each one for...
At Carla's taco stand, each taco costs $2.10 to make and she sells each one for $5.75; and her daily fixed costs are $180. Let x-the number of tacos that are made and sold. Assume that all tacos that are made are also sold. A) The revenue is defined as the total money that customers paid. Write a function for R(x), the revenue from selling tacos. B) Write a function for C(x), the total cost of making x tacos: C)...
Question 5 1 pts 4A Portfolio Photography uses activity based casting to allocate overhead to individual...
Question 5 1 pts 4A Portfolio Photography uses activity based casting to allocate overhead to individual clients (jobs). Portfolio Photography is working on three weddings during the current month (May), and total overhead is divided among four separate indirect cost pools: camera overhead (leases and maintenance on cameras), photo printing overhead (leases and maintenance on photo printers), computer-related overhead (leases/repairs on computers and subscriptions to commercial photo editing software), and other overhead costs (rent, insurance, etc.). The annual budgeted indirect...
Solve the problem. 7) Each day the commuter train transports x passengers to or from the...
Solve the problem. 7) Each day the commuter train transports x passengers to or from the city at $1.75/passenger. The daily fixed cost for running the train is $1200. Write an equation that relates the daily profit, P, in dollars to the number of passengers each day. Then use the equation to find the daily profit when the train has 920 passengers in a day. 7) 8) Each month a beauty salon gives x manicures for $12.00/manicure. The cost to...
3. There are two firms that compete according to Cournot competition. Firm 1 has a cost...
3. There are two firms that compete according to Cournot competition. Firm 1 has a cost function G(91) = 5.59+12. Firm 2 has a cost function C(q2) = 2.5q3 + 18. These firms cannot discriminate, so there is just one price that is determined by the aggregate demand. The inverse demand equation is P(Q) = 600 – 0 Where total supply Q-q1+92. (e) Use your best response equations to mathematically solve for the equilibrium quantities qi 9, Q". equilibrium price...
Waterway Wizard is a publishing company with a number of different book lines. Each line has...
Waterway Wizard is a publishing company with a number of different book lines. Each line has contracts with a number of different authors. The company also owns a printing operation called Quick Press. The book lines and the printing operation each operate as a separate profit center. The printing operation cars revenue by printing books by authors under contract with the book lines owned by Waterway Wizard, as well as authors under contract with other companies. The printing operation bils...
Maxi has a small business of selling energy drinks. He needs to cover a fixed cost...
Maxi has a small business of selling energy drinks. He needs to cover a fixed cost of $100 for rent and $2 for every plastic bottle, n, where n is the number of plastic bottles or drinks. he sells each drink at a price of $3 and makes enough drinks to sell a maximum of 300 per day A. write an equation to model the cost, C, as a function of the number of bottles, n, B. write an equation...
3. There are two firms that compete according to Cournot competition. Fim 1 has a cost func tion Cia1) 318. Firm 2 has a cost function C2()3. These firms cannot discriminate, so there is just one...
3. There are two firms that compete according to Cournot competition. Fim 1 has a cost func tion Cia1) 318. Firm 2 has a cost function C2()3. These firms cannot discriminate, so there is just one price that is determined by the aggregate demand. The inverse demand equation is P Q) 300-0 Where total supply 0-2 (a) Setup the profit maximization problem for firm 1 with all necessary equations plugged in. (2 point) (b) Solve firm I's profit maximization peoblem...
3. LOOKING FOR HELP WITH LETTER B A local sandwich store has a fixed weekly cost...
3. LOOKING FOR HELP WITH LETTER B
A local sandwich store has a fixed weekly cost of $535.00, and variable costs for making a roast beef sandwich are $0.45. Complete parts (a) through (c). a. Let x represent the number of roast beef sandwiches made and sold each week. Write the weekly cost function, C, for the local sandwich store. (Hint: The cost function is the sum of fixed and variable costs.) C(x) = 535 +0.45x (Use integers or decimals...
Suppose that each firm in a competitive industry has the following costs: Total Cost: TC =...
Suppose that each firm in a competitive industry has the following costs:Total Cost: TC=50+1/2 q2Marginal Cost: MC=qwhere q is an individual firm's quantity produced.The market demand curve for this product is:Demand QD=160-4 Pwhere P is the price and Q is the total quantity of the good.Each firm's fixed cost is $_______ What is each firm's variable cost?1/2 q50+1/2 q1/2 q^{2}qWhich of the following represents the equation for each firm's average total cost?50/q+1/2 q50+1/2 q50/q1/2 qComplete the following table by computing the...
At Carla's taco stand, each taco costs $2.10 to make and she sells each one for $5.75; and her daily fixed costs are $180. Let x-the number of tacos that are made and sold. Assume that all tacos that are made are also sold. A) The revenue is defined as the total money that customers paid. Write a function for R(x), the revenue from selling tacos. B) Write a function for C(x), the total cost of making x tacos: C)...
Question 5 1 pts 4A Portfolio Photography uses activity based casting to allocate overhead to individual clients (jobs). Portfolio Photography is working on three weddings during the current month (May), and total overhead is divided among four separate indirect cost pools: camera overhead (leases and maintenance on cameras), photo printing overhead (leases and maintenance on photo printers), computer-related overhead (leases/repairs on computers and subscriptions to commercial photo editing software), and other overhead costs (rent, insurance, etc.). The annual budgeted indirect...
Solve the problem. 7) Each day the commuter train transports x passengers to or from the city at $1.75/passenger. The daily fixed cost for running the train is $1200. Write an equation that relates the daily profit, P, in dollars to the number of passengers each day. Then use the equation to find the daily profit when the train has 920 passengers in a day. 7) 8) Each month a beauty salon gives x manicures for $12.00/manicure. The cost to...
3. There are two firms that compete according to Cournot competition. Firm 1 has a cost function G(91) = 5.59+12. Firm 2 has a cost function C(q2) = 2.5q3 + 18. These firms cannot discriminate, so there is just one price that is determined by the aggregate demand. The inverse demand equation is P(Q) = 600 – 0 Where total supply Q-q1+92. (e) Use your best response equations to mathematically solve for the equilibrium quantities qi 9, Q". equilibrium price...
Waterway Wizard is a publishing company with a number of different book lines. Each line has contracts with a number of different authors. The company also owns a printing operation called Quick Press. The book lines and the printing operation each operate as a separate profit center. The printing operation cars revenue by printing books by authors under contract with the book lines owned by Waterway Wizard, as well as authors under contract with other companies. The printing operation bils...
3. There are two firms that compete according to Cournot competition. Fim 1 has a cost func tion Cia1) 318. Firm 2 has a cost function C2()3. These firms cannot discriminate, so there is just one price that is determined by the aggregate demand. The inverse demand equation is P Q) 300-0 Where total supply 0-2 (a) Setup the profit maximization problem for firm 1 with all necessary equations plugged in. (2 point) (b) Solve firm I's profit maximization peoblem...
3. LOOKING FOR HELP WITH LETTER B
A local sandwich store has a fixed weekly cost of $535.00, and variable costs for making a roast beef sandwich are $0.45. Complete parts (a) through (c). a. Let x represent the number of roast beef sandwiches made and sold each week. Write the weekly cost function, C, for the local sandwich store. (Hint: The cost function is the sum of fixed and variable costs.) C(x) = 535 +0.45x (Use integers or decimals...
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