A firm pays $5,000,000 to purchase a factory which it uses to produce a good. In equilibrium, the firm supplies 100, 000 units of the good at a price of $60 per unit. What is the difference between the firm's producer surplus and profit? Mathematically, Producer Surplus - Firm Profit = ?? (round only your final answer to one decimal place if necessary)

You are the manager of a firm that produces output in two plants. The demand for your firm's product is P = 78 − 15Q, where Q = Q1 + Q2. The marginal costs associated with producing in the two plants are MC1 = 3Q1 and MC2 = 2Q2 How much output should be produced in plant 1 to maximize profits?     What price should be charged to maximize profits?   Please show work for all three questions   What price should be charged to maximize revenues?

what is the market equilibrium point (in ordered pair)

Question in image. Been stuck on for hours.  If you don't understand how to solve, let someone else answer it instead of rejecting question Warm regards.

Quèstion 13 Suppose that the price changed from P1 to P2 in the graph below. Sdomestic A P1 G H P2 B K Ddomestic Q1 QO Q2 Using capital letters and reading from left to right and top to bottom (e.g. AGH or HELJK identify the following: Total variable production cost of producing Qo units (at price P1): New variable production cost of producing Q1 units (at price P2): Change in total variable production from reducing production for Qo to Q1

Question 3 Mr. Stonewall has to set up a firm that produces calculators competing with the likes of Casio and Sharp calculators. In order for to estimate the amount of labour and capital needed to maximise profit in the long run, Mr. Stonewall has employed you to help him in this regard. Currently, the competitive wage rate is set at ¢4 per unit of labour and capital is rented at ¢5 per unit. The forces of demand and supply in the industry has also set the equilibrium price of calculators at ¢0.8 per unit. Suppose the production function of Mr. Stonewall's firm is given as Q 20K0.5 LO.5 + 7.5 and the firm total cost of production is ¢1690. Find the optimal levels of capital and labour needed to optimize output. The maximum profit of the firm at the optimal levels of labour and capital. 11.

Homework Demand equation of a firm is q = V75 – pp and supply equation of this firm is q = p/2 – 20 , determine consumers' surplus and producers' surplus under the market equilibrium. Sketch the graph.

Can you show how Qsc is = 2Pc? Which is the answer for this.

Please answer fast

See image for question with sub-parts.