A company produces an electronic timing switch that is used in consumer and commercial products. The fixed cost is $70,000 per month and the variable cost is $80 per unit. If the selling price per unit is p = $170 − 0.01(D), calculate the following: a) The optimal volume for this product (Demand)? b) The value of selling price per unit at the optimal volume calculated in part a for this product ?

Q: Oil spill cleanup costs for a nation or region can be estimated by taking the average cost for the…

A: Given:Base Cost: 23.100Oil type factor: 1.35Location type factor: 0.65Cleanup method factor:…

Q: The demand function of the company that make hard disk is given by P = D(Q) = 78 – 4Q where P is the…

A: P=78-4Q ‐------- demand equation P = 13 +Q --------- supply equation --------- At equilibrium,…

Q: Suppose a company has fixed costs of $40,800 and variable cost per unit of x+222 dollars, where x is…

A: The fixed cost is given as $40800The variable cost per unit is The selling price of the product is

Q: costs per year (i.e., per printing) = $51,000 and the variable cost per unit = $35. What is th It…

A: The Profit Function: In business, the profit function is a function using for to predict or compute…

Q: a) type the profit function of the manufacturer,?(?, ?). B) determine the end points of the profit…

A: Total Revenue -:                              It refers to the total receipts of a firm from the…

Q: The cost function for flavored coffee at an upscale coffeehouse is given in dollars by C(x) = 3x +…

A: The break-even point is the sum of earnings required to fund a business's cumulative fixed and…

Q: A recent engineering was given the job of determining the best production rate for a new type of…

A: Following below is the formula used to determine the profit for a firm; Profit = Selling price -…

Q: Return A municipal water utility employs quasi-fixed capital inputs-the water treatment plant and…

A: The long-run average total cost refers to the approximate total cost of production at different…

Q: A company's unit costs based on 500,000 units are: Variable costs $32 Fixed costs 20 The normal unit…

A: In microeconomics theory, the opportunity cost of a particular activity is the value or benefit…

Q: A company determines that the demand function for a product can be modeled by p=220-0.02x where x is…

A: Profits are the excess of revenue receipts earned by a firm over the costs incurred in the…

Q: Based on the best available econometric estimates, the market elasticity of demand for your firm’s…

A: The market elasticity of demand for a product is -3 The marginal cost is $150 The average total cost…

Q: A company produces and sells hair dryers in a market where price (p) and demand (D) are related…

A: At breakeven point, a firm produces enough quantity of output from which it can recover its total…

Q: A company produces two different versions of a certain product. Let q₁ indicate the amount produced…

A: There are two different versions of a good : q1 & q2Cost function of q1 : c(q1)  =

Q: A company produces and sells hair dryers in a market where price (p) and demand (D) are related…

A: The breakeven point of production is the quantity of output at which the producing firm earns no net…

Q: A division of Chapman Corporation manufactures a pager. The weekly fixed cost for the division is…

A: The goal of every firm is to maximize its profits. Profits are the excess of revenue receipts over…

Q: A certain seed and fertilizer company compiled the following estimates for its operations. Capacity…

A: The total amount of money received from the sale of goods or services connected to a business's main…

Q: A company makes solar panels. The company’s revenue function, in dollars, is R(n)=10n , where n is…

A: Note: Since more than 3 sub-questions are asked, due to Bartleby policy we are allowed to answer not…

Q: The function E sold. Find a) the profit when 75 units are sold + 1900z 3000 gives the profit when a…

A: Profit:Profit is the money earned after all the costs or expenditures are deducted from the revenue.…

Q: A call center in India used by U.S. and U.K. credit card holders has a capacity of 1,500,000 calls…

A: Breakeven quantity of call will occur when  Total revenue = Total cost

Q: Engineering increases the miles per gallon of gas rating (Mg) by 10 miles per gallon. The manager of…

A: Since, As the coefficient of Mg(Miles per gallon) is 10 which means with 1Mg per gallon of gas…

Q: The quantity demanded for an iPad is 180 units when the unit price is set at $300. The quantity…

A: To find the demand function, we can use the two data points provided: (180, 300) and (1200, 260).…

Q: A company manufactures and sells x cellphones per week. The weekly price-demand and cost equations…

A: Demand signifies the amount of a particular commodity or service that individuals are inclined to…

Q: An oil-producing country estimates that the demand for oil (in millions of barrels per day) is D(p)…

A: Price elasticity of demand measures the magnitude of change in the quantity demanded for a good due…

Q: (a) Find the average rate of change (in $ per unit) of C with respect to x when the production level…

A: Marginal cost addresses the incremental costs caused while producing extra units of a good or…

Q: Find total revenue if price per unit is $300 and the output is 19 units

A: The given information is as follows:- Price per unit = $300  Output sold = 19 Units  Total revenue…

Q: A company estimates that the relationship between unit price and demand per month for a new product…

A: Given, p=$100-$0.10DFixed cost = $15,972 per monthvariable cost = $ 45 per unit

Q: A call center in Pakistan used by U.S. and U.K. credit card holders has a capacity of 1,500,000…

A: Break even point of any firm is derived at the point where total revenue matches the total cost,…

Q: The demand function for a product marketed by a company is p = (80-D) / 4, where Dis the number of…

A: Answer- Need to find- Value of for which revenue is max. Given in the question- P = (80-D)/4 4P +D =…

Q: A company sells one of the items in its product line for $8.90 each. The variable costs per unit is…

A: Given  The price of output is $8.90 per unit.  Average variable cost =$3.90 per unit. Fixed cost…

Q: Cost, revenue, and profit are in dollars and x is the number of units. A firm knows that its…

A: a.) The optimal level of production can be calculated as follows: 73-6x=2x+258x=48x=6 Thus, the…

Q: The total cost function for a product is given by C(x) = 3x3-9x² -243x + 1229, where x is the number…

A: Given cost function C(X)=3X3-9X2-243X+1229TC should be 50000 at least

Q: In 2019, X Company sold 5,250 units of its only product. Total revenue was $1,345,575, total…

A: Total Revenue is the total amount earned by the seller after selling the goods and services  or we…

Q: Smith Manufacturing is a major player in the lawn sprinkler business. Their high-end sprinkler is…

A: A firm in an industry will choose an output level where its level of profits get maximized. It…

Q: Hilton Enterprises sells a product for $119 per unit. The variable cost is $68 per unit, while fixed…

A: Break-even analysis entails calculating and examining the margin of safety for an entity based on…

Q: Let 10p + x = 100 be the demand equation, where p is the price per item when x items are demanded.…

A: Business economics requires making decisions and allocating resources in complex market…

Q: Here is the production cost function, in $ of producing q units of a product: 2200 C(q) = 300 +0.8q2…

A: Since you have posted multiple questions with multiple subparts, as per guidelines, we are supposed…