escQuestion 10 of 11, Step 1 of 1onopolies Form: Barrier...PENELOPE WEAVER7/11CorrectSuppose that a firm can produce only at the levels listed in the following table.Quantity (units)Total cost ($)1,000$5,5001,250$6,2501,500$6,7501.750$7,8752.000$12,0002,250$15,750Determine the maximum demand at which the market will be in equilibrium and the firm will stay a natural monopoly in the long run. Enter your answer in the box.Answer© 2024 Hawkes Learning->CASUSD*0KeypadKeyboard ShortcutsSubmit Answer

Natural MonopolyA natural monopoly occurs when a single firm can produce a good or service at a…

Answered: esc Question 10 of 11, Step 1 of 1…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Example 1: From the following information find out the amount of profit earned during the year using the marginal costing technique: Particulars Fixed cost Variable cost 2,00,000 unit Selling price Output level 15 per 18 per unit 80,000
The figure below shows graphs of the total cost and revenue functions, and the fixed cost for a certain commodity. Capacity is 18 units. 85 80 75 70 65 60 55 50 45 40 35 30 25 20 15 10 5 -1 -5 -10- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 (a) What is the break-even volume? units (b) What is the break-even revenue? (c) What are the break-even units as a percent of capacity? Round your answer to one decimal place.
Consider the following model of a monopolistic form, where P is the sale price of the good, MC is marginal cost of producing the good and q is quantity produced (assumed equal to quantity sold) the firm has to sell all units of the good at the same price. p=10-2q MC=2+q If the firm produces 3 units, what total revenue will it receive? a. £4 b. £6 c. £12 d. £24
2 Calculate Co-efficient of Range from the following data : Weekly Wages (Rs.) 50-60 60-70 70-80 80-90 | 90-100 | 100-110 110-120 No. of Labourers 50 45 45 40 35 30 30
From the data given below, aggregative expenditure ideal method: Commodity Current Year Base Year |Quantity Quantity 3 Price Price 4 2 B 2 3 5 IC 6 4 18 A. 92.67 B. 29.67 C. 76.92 D. 69.27
Let us consider the case of LaRosa Machine Shop (LMS). LMS is studying where to locate its tool bin facility on the shop floor. The locations of the five production stations appear in the figure below. Y 5 3 Min 2 Fabrication 1 Station Paint Paint Subassembly 1 Fabrication (x, y) = Subassembly 1 Subassembly 2 Assembly Subassembly 2 2 1 4 1 3 X Y Demand 3 2.5 2 4 2 Assembly 5 4 4 11 25 12 6 16 X = horizontal location of the tool bin Y = vertical location of the tool bin 5 In an attempt to be fair to the workers in each of the production stations, management has decided to try to find the position of the tool bin that would minimize the sum of the distances from the tool bin to the five production stations. We define the following decision variables. 6 e We may measure the straight line distance from a station to the tool bin located at (X, Y) by using Euclidean (straight-line) distance. For example, the distance from fabrication located at the coordinates (1, 4) to the tool bin located…
Special Demand Selling Price Table 1.1 - Meeting Point estimated demand and selling price Cheese Burger Chili Bowl Gyro 100 1 2 Food/Special Veggie Patty¹ (kg) Cheese (kg) Beans (kg) Lettuce (kg) Tomato (kg) Cajun seasoning (tsp)² Buns (units) Pita Bread (units) 75 $35.00 Zucchini, carrot and broccoli tsp - teaspoon 80 $60.00 Table 1.2 - Meeting Point food supplies for Saturday Night Specials Cheese Burger Veggie Burger The food in inventory and the amounts required for each item is shown in Table 1.2 (below). 13 5 0 5 5 0 2 0 Chili Bowl 18 9 14 0 9 1 0 0 Gyro 11 14 $45.00 9 9 9 0 0 2 Veggie Burger 11 0 0 0 13 0 2 0 60 $40.00 Inventory (kg/tsp/units) 4500 2500 2050 1500 3000 80 270 200
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QUESTION 13 Suppose the demand function is given by: Q=64-p² and the supply function is given by: Q=p+22. The equilibrium price is: O a. -7 O b.0 O c. 6 O d.7
Example 11. Three type of shaping tools are produced in a factory using Act I, Activity II and Activity III. The duration in hours required to produce one bat tools in each of these activities are given in the following tables along with the cre selling prices each batch of tools and the minimum number of hours availahle each machine per week. Cost per Selling Price batch (Rs) (Rs) per bath Total Processing time (hrs.) per batch in type Activity I Activity II Activity III 8. 1 7 75 110 Q 2 5 60 90 R 4 3 3 75 130 Max, hours. 35 40 50 Formulate this problem as an LP model so as to maximise the total profit. CS Scanned with CamScanner
Suppose the price elasticity of demand for a given product is E = 9-2p Moreover, the current price is set at p = 3. Which of the following is TRUE? O Price should be increased in order to maximize revenue. Price should be decreased in order to maximize revenue. Revenue is already maximized at the current price. O Increasing or decreasing price will have no effect on revenue. O It cannot be determined what effect increasing or decreasing price will have on revenue.
Consider the following model of a monopolistic form, where P is the sale price of the good, MC is marginal cost of producing the good and q is quantity produced (assumed equal to quantity sold) the firm has to sell all units of the good at the same price. p=10-2q MC=2+q If the firm produces 3 units, what will its total cost be? a. £5 b. £10.5 c. £8.25 d. £15

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