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- Эшestion 1 A computer retailing company specializes in the sale of jump drives to community college tudents. The demand function for jump drives is p=2x+10x+1000 dollars For the samne company the average cost function is given as: ē = 2x +36x-1600- 20 * dollars Where p is the price in dollars and x represents units of output. 1) i1) Find the price and output that will maximize profit. Find the maximum profit(a) The marginal cost of two firms are given by the following Firm 1: C'(Q) = 300e0 1Q+2 TC= 3000 when Q = 0 Firm 2: C'(Q) = 41 +30Q -5Q² TC =400 when Q = 0 (i) What is the fixed cost for each firm (ii) Find the total cost function C(Q) for each firm (iii) average cost function for each fim (iv) Find the total cost for producing up to 100 unitsA company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500 per day when producing 15 sinks. The company has a daily demand function of q = 360 − p, where q is the number if laundry sinks demanded and p is te price of a laundry sink. (b) Find a function for the average cost of this company?
- (a) Find the conditional input demand function for inputs 1 and 2, as well as the cost function for this firm. (b) What is the firm's marginal cost when it is producing y units of output?Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets,Bangladesh and Sri Lanka. Demand for Bicycles in thesetwo markets is given by the following Functions: Bangladesh Q1 = 12 – P1Sri Lanka Q2 = 8 – P2 Where Q1 and Q2 are respective quantities sold (in thousands) andP1 and P2 are the respective prices (in Pak. Rupees per unit) in the two markets. Total cost function is C = 5 + 2 (Q1+ Q2) Required. Determine the company’s total profit function. Also, (i) What are the profit maximizing levels of price and output for the two markets? (ii) Calculate the marginal revenues in each market.? 2. Now consider two cases: (i) Company is effectively able to price discriminate in the two markets. What will be the total profits? (ii) Suppose the company does not engage in price discrimination. By charging thesameprice in the two markets what are the profit…A firm's demand function is Q = 16 – P and its total cost function is defined as TC = 3 + Q +0.25Q2. Use these two functions to form the firm's profit function and then determine the level ofoutput that yields the profit maximum. What is the level of profit at the optimum?
- (a) The marginal cost of two firms are given by the following Firm 1: C'(Q) = 300eº.1Q+2 TC= 3000 when Q = 0 Firm 2: C'(Q) = 41 +30Q -5Q² TC =400 when Q = 0 (i) What is the fixed cost for each firmConsider a firm with the following cost function: T C = 8 + 5Q + 2Q2 , the marginal cost associated with this function is MC = 5 + 4Q. A) Determine the firm’s fixed and average cost equations. B) Calculate the output elasticity of total cost and explain what it represents. C) Calculate the total cost the firm would incur if its objective is to minimize average cost Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.A company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500 per day when producing 15 sinks. The company has a daily demand function of q = 360 − p, where q is the number if laundry sinks demanded and p is te price of a laundry sink. (e) What is the maximum profit?
- The Cost and revenue funchon of a firm is given as C=18+7Q+ 10 Q² + SQ 3 and P = 15000+ 3Q" @Identify the fixed cost an Variable Cost T 6 Find the profit maximizing level of output ⑥Estimate the profit or otherwise(3) A company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500 per day when producing 15 sinks. The company has a daily demand function of q = 360 − p, where q is the number if laundry sinks demanded and p is te price of a laundry sink. a) If we assume that the total cost per day is linearly related to the amount of sinks produced in a day, derive the total cost function of the company? b) Find a function for the average cost of this company.define total fixed costs
