ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- The weekly demand for the LectroCopy photocopying machine is given by the equation p=2000-.04x where P debates the wholesale unit pricearrow_forwardThe marginal cost function is given as:- MC = 7Q2 - 80 The quantity is given as 6 units Calculate the marginal cost for the 6th unitarrow_forwardAM Instrument Company manufactures miniature calculators, which it sells to a limited number of exclusive dealers. AM’s normal production rate is 260 units per week at a total cost of $3,200. At full capacity it can produce 340 units per week at a total cost of $3,800. What is the average cost per calculator under normal operating conditions? What is the average variable cost per calculator? What is the total fixed cost? What is the average fixed cost per calculator under normal operating conditions? A foreign distributor offers to buy 50 calculators per week from AM over a one month period, to be marketed under a different brand name. The distributor offers a price of $10 per calculator. Should AM accept the offer? What is the least price AM should accept for this kind of arrangement?arrow_forward
- If he wants the average cost of production to be $1, how many lures would he e) have to produce in one month? e)_ If he wants to make a profit of at least $4000 per month, what is the f) minimum number of lures he would have to produce if he sells every lure he produces for $4? f)_arrow_forwardEconomics Questionarrow_forwardA soap company sold 250,000 soaps for which the variable cost of manufacture was $4.20 per soap. Each soap contributes 30% of its revenue to fixed costs and profit. This year the company decided to give a price reduction of 5%. How many more soaps will the company have to sell at the 5% price reduction to earn the same profit.arrow_forward
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