Suppose a product can be produced using virgin ore at a marginal cost of MC=1.750, and with recycled materials at a P=40-3.25(Q,+Q₂). Under marginal cost given by MC=14+0.50. Suppose the inverse demand curve was given by efficiency, how many units of the product would be produced with virgin ore and how many units with recycled materials? Fanal AIT.PADING LIT-PAL. PAR.

Suppose a product can be produced using virgin ore at a marginal cost of MC=1.750, and with recycled materials at a P=40-3.25(Q,+Q₂). Under marginal cost given by MC=14+0.50. Suppose the inverse demand curve was given by efficiency, how many units of the product would be produced with virgin ore and how many units with recycled materials? Fanal AIT.PADING LIT-PAL. PAR.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Given that the variable cost is $25 per customer, with a fixed cost of $200, he needs to fnd which price maximizes, therefore my question is how do I find what amount he earns if profit is maximized.
Q44. Suppose that cellphone batteries can be produce using 3 different types of technologies. The table below indicates the total cost related to each technology for the amount of output produced per day. a. Samsung is considering which technology to adopt to produce its cellphone batteries. Use the information to find the average-total-cost of each technology and identify the most efficient choice of technology and plant size if Samsung would like to produce 6 batteries. b. In general, where must the marginal cost curve intersect the average total cost curve?
The marginal cost for a company to produce q items is given by MC(q)=0.004q2−0.6q+620. The company's fixed costs are $8500. Find the marginal cost at a production level of 400 items. The marginal cost at a production level of 400 items is ??? per item.
suppose noW that the firm must pay a fixed cost of ē > 0 in order to produce (e.g., this could be the cost of buying a manufacturing plant). If the firm chooses not to produce at all, it does not incur the fixed cost. If it chooses to produce any strictly positive quantity, it must incur the full fixed cost of č. Suppose p = w = r = 4. When will the firm choose to produce a strictly positive amount of the good Y? Write down the firm's supply and profit functions.
from Profit = 144X – 3X² – XY – 2Y² + 120Y – 35 to get the Marginal profit of X = d(Profit)/dX X = 144 - 6X - Y show the complete solution
6.
Please Show Each and Every Working VERY CLEARLY! marginal cost
Suppose you make beautiful coffee tables out of juniper trees. Your materials cost for each table is $135. You pay your craftsman $25 per hour and it takes him 5 hours to complete one table. If you sell these tables for $689, what is your Cost of Goods Sold Percentage? 2. What is the Gross Profit Margin on the coffee tables described in question 1 above? 3. Suppose your company sells a 3 pack of lenses that attach to smart phones to improve the quality of pictures people take. You pay $29.95 for each 3 pack and sell them for $59.95. What is your Cost of Goods Sold Percentage for this item? 4. Suppose you sell 8,000 of the 3 pack of lenses described in question 3 above in one year. You cost on each 3 pack is $29.95 and you sell them for $59.95. If your operating expenses for the year total $144,080, what are your Net Income and Net Profit Margin Percentage? 5. Suppose an investor gave you $150,000 to start your business. You gave this investor 50 percent of your company for…
Does the minimum efficient scale necessarily have to be where the marginal cost is minimal? Can taxes be Pareto improving? How?
Am. 111.
The marginal cost of CO2 plants is given by: MC = 1,500,000 + 30,000 * Q Make a graphic illustration of the optimal price and quantity, as well as calculate the optimal price, quantity as well as the contribution margin. At Q> or = 15, MR = -293,600Q + 6,602,000 At Q <15, MR = - 352,000Q + 4,400,000
Consider the following marginal cost function MC= 5 + 2qi. (a) Does the production process exhibits increasing returns? decreasing returns? constant returns? (b) If the price is $23. What’s the optimal production level? (c) If the price is $31. What’s the optimal production level?