Assume demand is given as P $2500-$25Q. The firm has a fixed cost of $3000 and variable costs of $2000 +$1.50 2A. Write out the firm's total revenue equation. B. Determine the Q value(s) where TR 0. Determine the Q value where TR is maximum. C. Write out the firm's total cost function. D. Determine the firm's breakeven point(s)

If fixed costs are 4, variable costs per unit are 1 and the demand function isP= 10 - 20Obtain an expression for I in terms of Q and,(a) For what values of Q does the firm break even?(b) What is the maximum profit?

When a firm produces one more unit of output the total revenue increases from $805 to $965, and the total cost increases from $520 to $725.  When this last unit of output was produced, what was the change in profit?  Enter a whole number with no dollar sign.  Enter a negative sign if appropriate.

Question 21 Average fixed cost decreases as quantity increases. True False

What would be the profit of a firm who generates a total revenue of $3300 and the cost incurred is $2900

The explicit cost of the firm is $800, implicit cost is $550 and the total revenue is $3000 Calculate the economic profit

Note:Hand written solution is not allowed.

Firms operating at 100% capacity A) have no variable costs. OB) are the exception rather than the rule. OC) have no fixed costs. OD) are common.

$ per unit $40 $20 2 4 6 8 10 MC 12 ATC MR AVC Output (q) The graph above shows a firm's Marginal Revenue (MR), Marginal Cost (MC), Average Total Cost (ATC) and Average Variable Cost (AVC). This firm is a profit-maximizing price taker. Find the firm's short run shutdown price. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.)

A manager must decide how many machines of a certain type to purchase. Each machine can process 100 customers per day. One machine will result in a fixed cost of $2,200 per day, while two machines will result in a fixed cost of $3,700 per day. Variable costs will be $20 per customer, and revenue will be $45 per customer. a. Determine the break-even point for each range. (Round your answers to the next whole number.) One machine Two machines b. If estimated demand is 90 to 120 customers per day, how many machines should be purchased?