=MC 10q, ATC = 10/q+ 5q, AVC = 5q, AFC = 10/q I would like to knowhow to plot them(in graph) in thefigure as shown (dont understandhow it is ploted)9 = √KEC = 10K + 5EK = 1C(q) = 10 +5q²Market price (P) = 30PMC 30=10q q = 3ПRTCProfit per unit === P - ATC9дपπ (PATC)qC2Pp=30Cost Curves for C(q)=10+5q2ProfitMCATCAVCSAFC१Training 9 =√KEC10K+5EK = 1C(q) = 10 +5q²Market price (P) := 30=30 = 10q q = 3P= MC =Profit per unitπ= = =RTCPq q զπ = (P - ATC)q-P30252015-- ATC100p = 30Cost Curves for C(q)=10+5q²MCProfitATCAVCAFCо3456

Cost curves are the curves that show the different amount of money incurred in producing different…

MC = 10q, ATC = 10/q+ 5q, AVC = 5 q, AFC = 10/q I would like to know how to plot them(in graph) in the figure as shown (dont understand how it is ploted) ว ง 9 = √KE C 10K+5E K=1 C(q)=10+5q2 Market price (P) = 30 P = MC 30 = 10q q=3 Profit per unit = π R TC = q = P - ATC q q π = (PATC)q p=30 Cost Curves for C(q)=10+5q2 MC Profit ATC AVC AFC

MC = 10q, ATC = 10/q+ 5q, AVC = 5 q, AFC = 10/q I would like to know how to plot them(in graph) in the figure as shown (dont understand how it is ploted) ว ง 9 = √KE C 10K+5E K=1 C(q)=10+5q2 Market price (P) = 30 P = MC 30 = 10q q=3 Profit per unit = π R TC = q = P - ATC q q π = (PATC)q p=30 Cost Curves for C(q)=10+5q2 MC Profit ATC AVC AFC

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter5: Investment Decisions: Look Ahead And Reason Back

Section: Chapter Questions

Problem 5.1IP

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Given Question #1 Cost function C= 3000+6Q Q = 4400 - 200Q Q= 1600 P = 14 Profit= 22400-12600 = 9800 Question #2 Q=$480 - Laredo Q=$1120 - SA Question #3 Ed=−1.25 - Laredo Ed=−0.55 - SA 0.5<0.8− markup index it is charging less. - Laredo 0.64<-1/-0.55--markup index it is charging less. - SA Please answer question number #4 (A-C) For Laredo only
2. A company produces and sells a consumer product and is able to control the demand for the product by varying the selling price. The approximate relationship between price and demand is 2,700 5,000 p = $38 + D for D >1 D2 where p is the price per unit in dollars and D is the demand per month. The company is seeking to maximize its profit. The fixed cost is $1,000 per month and the variable cost (c,) is $40 per unit. a. What is the number of units that should be produced and sold each month to maximize profit? b. Show that your answer to Part (a) maximizes profit.
As per given information, the table is completed:- (In $) Quantity Price Total Marginal Total Cost Marginal Revenue Revenue Cost 34 20 20 1 32 32 32 36 16 2 30 60 28 46 10 28 84 24 50 4 4 26 104 20 54 4 24 120 16 56 2 22 132 12 64 7 20 140 80 16 8 18 144 4 100 20 16 144 128 28 14 140 -4 160 32 (d) Generally, what are the relative values of price, ATC, and AVC when a monopolist experiences: a profit? a loss but continues to produce? a loss but ceases production? 10