A local microbrewery has total costs of production given by the equation TC=500+10q+5q2. This implies that the firm's marginal cost is given by the equation MC=10+10q (you do not need to be able to show this). The market demand for beer is given by the equation QD=105 – (1/2)*P. a) Write the equations showing the brewery's average variable cost.

Q: Alpha Limited is a perfectly competitive firm. The total cost (in dollars) of producing Q per day is…

A: Total cost is the sum of fixed cost and variable cost.  Fixed cost remains same at each level of…

Q: act as a price-taker in the market, the market price of the firm's product is 20. The firm's cost…

A:

Q: Douglas Fur is a small manufacturer of fake-fur boots in Chicago. The following table shows the…

A: Average total cost (ATC) is calculated by dividing total cost by the total quantity produced.…

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: demand curve faced by the firm is: P = 230 - 4Q where Q = Q1 + Q2 total cost equations for the two…

A: MC (marginal cost) is the cost incurred by the firm when an additional unit of a good is produced.…

Q: business sells items according to the following Cost and Revenue functions:…

A: * SOLUTION :-

Q: 14) An analyst has found that a company's cost and revenue functions for a particular product are…

A: Marginal cost is the additional cost incurred to produce an additional unit of output. Marginal…

Q: Suppose that a small business sells 725 units of goods per month at $15 per unit. The unit cost of…

A: Revenue minus explicit costs minus opportunity cost can be used to determine an economic profit (or…

Q: The marginal cost function of a firm is defined by MC=25+30Q-9Q², if it's fixed cost is 55. Find the…

A: Given: The marginal cost is:  MC = 25 + 30Q - 9Q2 The fixed cost is = 55 To Find: The total cost:

Q: Randall Cars repair Factory has the total Cost Function TC (Q) = 4₁1 Q¹+ 26/Qx+30 where Q stands for…

A:

Q: An oyster farmer produces two types of oysters - Crassostrea-Gigas (Pacific Oysters) and…

A: Total Cost function (For both goods  ) : TC  = 0.45P +  PK +  0.75KInverse demand function for P :…

Q: A local microbrewery has total costs of production given by the equation TC=500+10q+5q^2. This…

A: Total cost for production. TC = 500 + 10q + 5q2 Average total cost=TCqATC=500+10q+5q2qATC=500q+10+5q

Q: . An  electricity  producer  has  a  constant  marginal  cost  of  production equal  to $40  per…

A: Hi! thanks for the question but as per the guidelines we answer up to three sub-parts at one time.…

Q: Suppose that a small business sells 725 units of goods per month at $15 per unit. The unit cost of…

A: An economic profit or misfortune is the contrast between the income got from the offer of a result…

Q: A smartphone repair firm in Boston has a production function for producing phone repairs, q, defined…

A: The production function represents the relationship between the output and inputs. The change in…

Q: q = 60 − (1/2)p, where q is quantity sold per week. The firm’s marginal cost curve is given by: MC…

A: Monopolistic competiton : It is a form of market there are large number of firms selling…

Q: Suppose the profit maximizing firm sells the same good in two individual markets that it is able to…

A: There are two separate markets, market 1 has demand equation P1 =25-2Q1and market 2's demand…

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

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: . The monthly fixed cost of a company which produces basketball is RM 100 and the variable cost per…

A: "Since you have posted a question with multiple subparts, we will solve the first three subparts for…

Q: Consider that a company has a total cost function TC = 3Q3+2Q2+6. a.What is the average and…

A: Part a: Average Cost = Total Cost/ Quantity Marginal Cost = dTC/dQ TC = 3Q3+2Q2+6 Average Cost =…

Q: The cost function of competitive firm is TC = 20 + 5Q2. The product's market price is 30 AZN. Please…

A: Let Q is unit of output produced. Product price is 30 per unit.  ----------------- Total revenue =…

Q: What is the marginal cost for this product?

A: A cost function refers to the formula that is used to predict the cost that the firm will incur at a…

Q: 1. Assuming that the company sells all that it produces, what is the profit function? P(z) = Hint:…

A: Note: The question has more than three sub parts. We shall solve the first three sub parts at a…

Q: Determine the company’s total profit function. Also, (i) What are the profit maximizing levels of…

A: Since you have asked multiple questions with subparts, we will solve the first question with their…

Q: Your firm “We Work Eot U" rents access to shared open office spaces for a price of $540 per year.…

A: TR= 540Q TC= 80000+40Q+0.5Q2 Price= $540 per year In perfectly competitive market, for profit…

Q: Consider a firm with a total cost function TC = q^2 + 20q + 225. a) In a diagram, measuring quantity…

A: TC is the total  cost of production of an economy. It is made up of variable cost. While MC is the…

Q: Company is effectively able to price discriminate in the two markets. What will be the total…

A: STEP 1: In monopoly market structure, the monopolist being the sole producer of the product has…

Q: A noncompetitive firm has the following total cost function: TC = 3Q³ – 40Q² + 250Q + 900 If the…

A:

Q: A local shoe has total costs of production given by the equation TC-125+10q+5q². The market demand…

A: Costs refers to the sum of money incurred in the production of a good or service. It is the sum of…

Q: In the long run, you are given the following: The total revenue curve is TR= -4Q^2 + 28Q +235. The…

A: Given: TR = -4Q2 + 28Q + 235 AVC = 4Q - 36 + 100/Q

Q: C'(Q) = 40 +20Q -5Q² TC =200 when Q = 0 1) 2) TC= 600 when Q=0 C'(Q) = 80e0.1Q

A:

Q: A firm's cost functions are: TC = 190 + 9Q +0.2Q² MC = 9 + 0.4Q At what price would they break even?

A: The firm is set to break even if it has no profit and no loss. The firm earns normal profit which…

Q: (a) The marginal cost of two firms are given by the following Firm 1: C'(Q) = 300e® 1Q+2 TC= 3000…

A: Average Cost refers to the per-unit cost. it is calculated as  AC = TC/Q

Q: Consider the following cost function: Total Cost = 50+5Q^3 and demand curve Price= 5000-275*Q Given…

A: The profit is maximum at MR=MC MR=5000-550Q ....... An MR curve is double sloped than an inverse…

Q: AMCO is a firm producing tables in Spain. It has a fixed cost of 100$ and a cost per unit of…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: A firm has a total cost function C(Q) = 100 + 8Q - 8Q 2 + Q 3 and demand function is Qx d = 33 – 2px…

A: Given data: Cost function, CQ=100+8Q-8Q2+Q3 Demand function. Qxd=33-2px

Q: What is the term for the minimum level of output a firm must produce to cover its variable costs in…

A: Prior to digging into the particular term you're getting some information about, understanding the…

Q: A catering firm has a fixed cost of 800 units and a variable cost of 15 + 4Q per unit where Q…

A: Fixed costs refer to a firm's costs of production that are not dependent on the output, i.e., do not…