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Use the following problem to answer questions 5 and 6. A company manufactures benches. The cost...
Use the following information to answer Questions 8,9,10 Reliable Racket Company manufactures tennis rackets. During a...
Use the following information to answer Questions 8,9,10 Reliable Racket Company manufactures tennis rackets. During a given year fixed costs are expected to be $150,000. Each racket requires $10 of variable cost to produce and will be sold to retail outlets for $15. What is the breakeven point in dollars? a. $300,000 b. $450,000 c. $150.000 d. $90,000 c. $675,000 How many rackets must be sold to earn an annual profit of $20,000? a 4,000 b. 14,000 c. 24.000 d....
Use the following information to answer Questions 8,9,10 Keliable Racket Company manufactures tennis rackets. During a...
Use the following information to answer Questions 8,9,10 Keliable Racket Company manufactures tennis rackets. During a given year, fixed costs are expected to be $150,000. Each racket requires 310 of variable cost to produce and will be sold to retail outlets for $15. What is the breakeven point in dollars? 2 $300,000 6 $450,000 c. $150,000 d. $90,000 c. $675,000 How many rackets must be sold to cam an annual profit of $20,000? a 4.000 b. 14.000 c. 24,000 d....
Answer the following (5) questions on the basis of the data below which refers to a...
Answer the following (5) questions on the basis of the data
below which
refers to a pure monopolist (producing good X).Complete the table
below!
46
To maximize profits, the monopolist will produce:
a. 2 units
b. 3 units
c. 4 units
d. 5 units
47
What price will the firm charge?
a. $15
b. $14
c. $12
d. $10
48
At the above level of output , the firm will realize a profit
of:
a. $56
b. $16
c. $11...
The formulas below are the cost and revenue functions for a company that manufactures and sells...
The formulas below are the cost and revenue functions for a company that manufactures and sells small radio a. Use the formulas shown to write the company's profit function, P, from producing and selling x radios. b. Find the company's profit if 25,000 radios are produced and sold. C(x) = 84,000 + 38x and R(x) = 44x a. The company's profit function is Px)=(Simplify your answer.) b. The company's profit from selling 25,000 radios is $]). (Simplify your answer) Enter...
Problem 1: A company produces an item at a per-unit cost of $1000 and a fixed cost of $50,000. The selling pri...
Problem 1: A company produces an item at a per-unit cost of $1000 and a fixed cost of $50,000. The selling price is a linear function of number of items demanded as follows: p = 15,000 - 200x, x5 80 A. Find the per-unit selling price when the demand is 30. B. Find the revenue function and find the revenue when the demand is 30. C. Find the cost function and find the cost when the demand is 30. D....
Financial Mathematics Please answer question 4 and question 5 o)23:30 Oe Image Edit View Go Help En Question 4 The total cost of producing x units of a commodity per week is C(x) 200 +4x +0,1x2 (a) Fi...
Financial Mathematics
Please answer question 4 and question 5
o)23:30 Oe Image Edit View Go Help En Question 4 The total cost of producing x units of a commodity per week is C(x) 200 +4x +0,1x2 (a) Find the marginal cost when the production level is 100 units. (b) Use the marginal cost to approximate the cost of producing the 101 st unit. (c) Find the exact cost of producing the 101 st unit. (d) Assuming that the commodity is...
I need help with the following questions: 1)2)3) 4) 5) 6) 7) Martha has a net...
I need help with the following questions:
1)2)3)
4)
5)
6)
7)
Martha has a net capital loss of $20,000 and other ordinary taxable income of $45,000 for the current tax year. What is the amount of Martha's taxable income after deducting the allowed capital loss? a. $38,000 b. $25,000 c. $42,000 d. $45,000 х e. None of these choices are correct. Toni and Beyonze are married and file jointly. During 2018, they paid tuition for their daughter's college in...
8. You planted two trees. At the time you planted them tree A was 4 ft...
8. You planted two trees. At the time you planted them tree A was 4 ft and tree B was 6 ft. After one year, tree A was 6 ft tall and tree B was 8 ft tall. Which tree grew more! A: Both trees grew the same since each grew 2 ft over the year. B: Tree A grew more than B. C: Tree B grew more than A. 9. The total cost and revenue of producing and selling...
Answer A-H Please Answer the following Questions for a Monopoly Firm. Price Quantity TR MR MC...
Answer A-H Please Answer the following Questions for a Monopoly Firm. Price Quantity TR MR MC TC Profit $15,000 0 ---- ---- $50,000 14,000 1 $52,000 13,000 2 $53,000 12,000 3 54,000 11,000 4 $2,000 10,000 5 59,000 9,000 6 4,000 8,000 7 $69,000 7,000 8 $8,000 6,000 9 5,000 10 4,000 11 $18,000 3,000 12 $143,000 a) Fill in the missing information above for this Monopoly Firm for its monthly production. Note there are no numbers for MC and...
Use the following cost data to answer all six questions: three for a purely competitive producerand...
Use the following cost data to answer all six questions: three for a purely competitive producerand three for a monopolist. (BE SURE TO SHOW YOUR WORK) Total Product Total Fixed Cost Total Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost 0 $70 $_ $70 $_ $_ $_ $_ 1 $70 $20 $90 $70 $20 $90 $20 2 $70 $36 $106 $35 $18 $53 $16 3 $70 $60 $130 $23.33 $20 $43.33 $24 4...
Use the following information to answer Questions 8,9,10 Reliable Racket Company manufactures tennis rackets. During a given year fixed costs are expected to be $150,000. Each racket requires $10 of variable cost to produce and will be sold to retail outlets for $15. What is the breakeven point in dollars? a. $300,000 b. $450,000 c. $150.000 d. $90,000 c. $675,000 How many rackets must be sold to earn an annual profit of $20,000? a 4,000 b. 14,000 c. 24.000 d....
Use the following information to answer Questions 8,9,10 Keliable Racket Company manufactures tennis rackets. During a given year, fixed costs are expected to be $150,000. Each racket requires 310 of variable cost to produce and will be sold to retail outlets for $15. What is the breakeven point in dollars? 2 $300,000 6 $450,000 c. $150,000 d. $90,000 c. $675,000 How many rackets must be sold to cam an annual profit of $20,000? a 4.000 b. 14.000 c. 24,000 d....
Answer the following (5) questions on the basis of the data
below which
refers to a pure monopolist (producing good X).Complete the table
below!
46
To maximize profits, the monopolist will produce:
a. 2 units
b. 3 units
c. 4 units
d. 5 units
47
What price will the firm charge?
a. $15
b. $14
c. $12
d. $10
48
At the above level of output , the firm will realize a profit
of:
a. $56
b. $16
c. $11...
The formulas below are the cost and revenue functions for a company that manufactures and sells small radio a. Use the formulas shown to write the company's profit function, P, from producing and selling x radios. b. Find the company's profit if 25,000 radios are produced and sold. C(x) = 84,000 + 38x and R(x) = 44x a. The company's profit function is Px)=(Simplify your answer.) b. The company's profit from selling 25,000 radios is $]). (Simplify your answer) Enter...
Problem 1: A company produces an item at a per-unit cost of $1000 and a fixed cost of $50,000. The selling price is a linear function of number of items demanded as follows: p = 15,000 - 200x, x5 80 A. Find the per-unit selling price when the demand is 30. B. Find the revenue function and find the revenue when the demand is 30. C. Find the cost function and find the cost when the demand is 30. D....
Financial Mathematics
Please answer question 4 and question 5
o)23:30 Oe Image Edit View Go Help En Question 4 The total cost of producing x units of a commodity per week is C(x) 200 +4x +0,1x2 (a) Find the marginal cost when the production level is 100 units. (b) Use the marginal cost to approximate the cost of producing the 101 st unit. (c) Find the exact cost of producing the 101 st unit. (d) Assuming that the commodity is...
I need help with the following questions:
1)2)3)
4)
5)
6)
7)
Martha has a net capital loss of $20,000 and other ordinary taxable income of $45,000 for the current tax year. What is the amount of Martha's taxable income after deducting the allowed capital loss? a. $38,000 b. $25,000 c. $42,000 d. $45,000 х e. None of these choices are correct. Toni and Beyonze are married and file jointly. During 2018, they paid tuition for their daughter's college in...
8. You planted two trees. At the time you planted them tree A was 4 ft and tree B was 6 ft. After one year, tree A was 6 ft tall and tree B was 8 ft tall. Which tree grew more! A: Both trees grew the same since each grew 2 ft over the year. B: Tree A grew more than B. C: Tree B grew more than A. 9. The total cost and revenue of producing and selling...
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