Supply for a product is given by 2p - 9 + 6 = 0 and demand is given by (D + 9)(9 + 10) = 3696. Suppose costs are C(g) = 4 + 100. Find the profit at the equilibrium point

Suppose that Quality Widgets Limited is an efficient small firm with cost functionC(q)=q3 - 10q2+100q + 196 and suppose also that the maximum level of weekly production is L=10. Determine:(d) their breakeven point, (e) their supply set.

Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets,Bangladesh and Sri Lanka. Demand for Bicycles in thesetwo markets is given by the following Functions: Bangladesh                 Q1 = 12 – P1 Sri Lanka                    Q2 =   8 – P2 Where Q1 and Q2 are respective quantities sold (in thousands) andP1 and P2 are the respective prices (in Pak. Rupees per unit) in the two markets. Total cost function is C = 5 + 2 (Q1+ Q2) (i)  Company is effectively able to price discriminate in the two markets. What will be the total profits? (ii)  Suppose the company does not engage in price discrimination. By charging the same price in the two markets what are the profit maximizing levels of price, output, and the  total profits? (iii) Analyze, with graphs, the two alternative pricing strategies available to the company.

The cost function for Acme Laundry is   ​C(q)=50+30q+q2​,   where q is tons of laundry cleaned. What q should the firm choose so as to maximize its profit if the market price is​ p?

A bookstore owner can sell 26 magazines at a price of $1.38 per magazine. If the price is $1.10, he can sell 30 magazines. The total cost to purchase x magazines is C(x) = 0.65x+7.75 dollars. Step 1 of 3: Assuming the demand function is linear, find an equation for D(x). Do not round your answer.

A street musician bought a new fiddle for $850.00. Assume she breaks 1 string each hour and can buy new strings for $1.00 each. On average, she makes $18.00 per hour. (a) Find the cost function C(x) associated with playing the fiddle for x hours. C(x)= (b) Find the revenue function R(x) for the amount of revenue gained from x hours of playing R(x) = (c) Find the profit function P(x) for the amount of profit gained from x hours of playing P(x) = (d) Use the functions above to complete the following sentence. She will need to work hours to break even

Please select all that are true regarding Minimum Efficient Scale (MES):     if the quantity demanded is equal to Qmes, then the lowest cost solution is for one firm to supply the market     MES is the quantity produced where average costs for a firm are at a minimum     Long run average costs include fixed cost steps as quantities (scale) increase     Quantities (x-axis) less than MES exhibit decreasing returns to scale due to diminishing marginal returns     Short run average cost curves are for a given level of fixed cost, individually     MES is the quantity demanded where total costs for a firm are at a minimum     Quantities (x-axis) greater than MES exhibit decreasing returns to scale due to diminishing marginal returns     Average costs do not include fixed cost since they don't change

1/3 1/3 Assume y = f(x1, x2) = x1 x2 . If the input prices are w₁ and w₂ what is profit maximizing y level of output? What is the profit?

(a) Find the conditional input demand function for inputs 1 and 2, as well as the cost function for this firm. (b) What is the firm's marginal cost when it is producing y units of output?

Suppose that the profit from the sale of Kisses and Kreams is given by the following, where x is the number of pounds of Kisses and y is the number of pounds of Kreams. P(x, y) = 10x + 6.6y - 0.001x² -0.025y² dollars You know from previous experience that, for such a profit function, profit will be maximized at the critical point of P(x,y). (a) Determine the amounts of Kisses and Kreams that will maximize profit. pounds of Kisses pounds of Kreams (b) What is the maximum profit? (Round your answer to two decimal places.) $