A donut shp has a fixed cost of $92000 per day and a varibale cost of $2 for each donut produced. If the donuts are sold to distributors for $5 each. What is the price-demand function? What is the revenue function?

Q: How do you calculate the revenue of a firm that produces only one good?

A: ANS TR is the value of the total number of goods sold by a firm in monetary terms. It is the product…

Q: PakPerfect Inc. estimates equation of its total costs of production as TC = 500 + 10Q + 5Q2 and…

A: Given, Total cost  (TC) = 500 + 10Q + 5Q2 Market demand Qd = 105 - (1/2)P Here, Q is  the Quantity…

Q: Find total revenue if the price function is  P=4Q-500

A: Given: Price function is: P=4Q-500 Where, P is the price of a good Q is quantity of a good

Q: The demand and total profit function, P(x) for rooms in a hotel are given as follows. 3x = 600 - P…

A: Marginal cost is the additional cost incurred by producing an additional unit of output.

Q: A bookstore sells 90 textbooks at a price of $70 a book. The average total cost is $50 per textbook.…

A: Given that : Number of textbooks = 90 Price of a book = $ 70 Average total cost = $ 50

Q: A firm currently produces 500 units at a price of $40. If it earns $1,500 profit, what must the…

A: Profit is the difference between the total revenue and total cost.  Profit is given as :-  Profit =…

Q: High total revenue does not necessarily mean  maximum  profit. Explain this stateme

A: Below are the formula for the TR and profit: TR = Price x Quantity Profit = TR - Total Cost

Q: A firm has the following revenue and cost functions. TR = 60 Q – Q2 TC =1⁄2Q2 +30Q +30 Determine…

A: Profits = Total Revenue - Total Cost Profit is maximium when: marginal revenue = marginal cost

Q: The demand function for a firm is p = 320 – 3.2x, and the cost function is   C(x) = 100 + 80x –…

A: (i) Demand Function p = 320 - 3.2x Cost Function C(X) = 100 + 80x - 1.6x2 Profit = Revenue - Cost…

Q: rofit maximizing output is at: *   100 320 440

A: Total profit is calculated as total revenue minus total cost

Q: Company B is selling a product with a non-linear price function. The price function is given by p =…

A: ***Since the student has posted multiple subparts, so the expert is required to solve only the first…

Q: Suppose that a firm’s fixed costs is $80, and variable costs per unit are $(2Q + 16). The demand…

A: The break-even point is where the total revenue is equal to total cost. This means what the firm…

Q: Calculate marginal profit if marginal cost and marginal revenue are $44 and $80 respectively

A: The data presented in the question above is:- Marginal revenue = $80 Marginal cost = $44 Marginal…

Q: = 40q – 12q² and its where q is the firm's output. (b) The total revenue curve of a firm is R(q) 400…

A: Hi! Thank you for the question but as per the guidelines, we only answer first three sub-parts of…

Q: Sergio Lopez is a publisher of Latin American poetry.  His fixed cost is $525, and the cost to…

A: Fixed cost is $525, and the cost to produce each individual copy of his book is $3.50.   A linear…

Q: If Tom sells 600 sandwiches for $10 and has an average total cost of $5, what is his profit? a)…

A: Given :  No. of sandwiches Tom sells = 600 Price of sandwich = $10 Average Total Cost = $5.

Q: Suppose that the cost of producing q appliances is C(q) = 500 – 4q + q? and the demand function is…

A: The term “profit” is defined as an excess of total revenue (TR) over the total cost (TC). The…

Q: Question…

A: Price discrimination refers to the process of charging different price for the same good in…

Q: profit-maximizing firm in a competitive market is currently producing 100 units of output. It has…

A: Profit maximization is a process business firms undergo to ensure the best output and price levels…

Q: Given the following demand and cost functions: Demand: p = 3000 - 2x Cost: C = 1200x + 2600 Find the…

A: Profit is the difference between revenue and cost.  Revenue is the price multiply quantity…

Q: what is the ordered pair ?

A: The break even point in any business is where your revenue is just equal to your expenses. The cost…

Q: Using the figure above, what is the total revenue for the firm?

A: Total revenue is the product of the total quantity produced and the price per unit of the product

Q: There is an oil change firm in town called Oil Pro. The total cost function for Oil Pro is below.…

A: In perfectly competitive market, firms produce identical goods so they do not have any control over…

Q: Teddy J is a manufacturer of dish washing liquid. If his monthly demand function for 750 ml size is…

A: Total revenue (TR) function can be obtained by using the following formula.

Q: Find total revenue if the price function is  P=70Q-500

A: Price function is: P=70Q−500 Where, P is the price of a good Q is quantity of a good

Q: Given the following demand and cost functions: Demand: p = 3000 - 2x Cost: C = 1200x + 2600 Find…

A: The firms, and businesses tend to operate in the market with the motive of earning revenue, and…

Q: Given cost and price (demand) functions C(q)= 110q + 44,600 and p(g) = - 2q + 860, what is the…

A: The increase in income that occurs from the sale of one additional unit of output is known as…

Q: Habib Bank Limited estimates equation of demand of its product as:   Q = 55 – 0.5P - (where P =…

A: Given: The demand equation for Habib Bank Limited is: Q = 55 – 0.5P The total cost of production is:…