esc Question 10 of 11, Step 1 of 1 onopolies Form: Barrier... PENELOPE WEAVER 7/11 Correct Suppose that a firm can produce only at the levels listed in the following table. Quantity (units) Total cost ($) 1,000 $5,500 1,250 $6,250 1,500 $6,750 1.750 $7,875 2.000 $12,000 2,250 $15,750 Determine 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 -> C ASUS D * 0 Keypad Keyboard Shortcuts Submit Answer

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

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…