Suppose a producer can manufacture her smartphones at a constant marginal cost of $300. She practices a rule-of-thumb for pricing with an “incremental margin percentage” of 70%. Find the price she should charge for her smartphones.

Suposse a munufacture of widgets has a fixcost of $2500, a variable cost of $30 per widget ans sell 100 widgets for 4,500. Find the cost function C(n) Find the revenue function R(n) Find the profit function P(n)

The term “price taker” can apply to buyers as well as to sellers. A price-taking buyer is a buyer who cannot influence price by changing the amount she buys. What goods do you buy for which you are a price taker? What goods do you buy for which you are not a price taker?

How will you recall price? List five other words that mean the same thing as price. Compare and contrast fixed and variable costs and give an example of each. Explain market-skimming and market-penetration pricing strategies. Why marketers of innovative high-tech products choose market-skimming pricing rather than market-penetration pricing when launching a new product? Justify your answer.

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A large company in the communication and publishing industry has quantified the relationship between the price of one of its products and the demand for this product as Price = 150 - 0.02 x Demand for an annual printing of this particular product. The fixed costs per year (ie., per printing) = $46,000 and the variable cost per unit=$40. What is the maximum profit that can be achieved? What is the unit price at this point of optimal demand? Demand is not expected to be more than 3,000 units per year. The maximum profit that can be achieved is $. (Round to the nearest dollar.) The unit price at the point of optimal demand is $ per unit. (Round to the nearest cent.) Enter your answer in each of the answer boxes.

Q3

Determine the quantity of output that generates the maximum profit. Use the green points (triangle symbol) to indicate the amount of profit at this quantity of output. Then, determine the quantity of output that generates the maximum total revenue. Use the purple points (diamond symbol) to indicate the amount of revenue at this quantity of output. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. Total Revenue, Total Cost 100 90 80 70 50 40 30 20 10 OD 0 O 0 O 0 O 5 10 OF 15 O □ 20 O 25 O 30 TC 35 TR 40 45 50 ♦ Maximum Revenue Maximum Profit (?)

clean and clear solution please

AMCO is a firm producing tables in Spain. It has a fixed cost of 100$ and a cost per unit of production of 2$. The demand function for a table is given by: P = 60 - 4Q 1. Find the equations of TR and TC. 2. Write down the equation of the profit. 3. Find Qwhen TR = 0 (x-intercept/roots). 4. Find Qwhen TR is a maximum. 5. Deduce the maximum total revenue (TR max).