The figure below shows the long-run average cost curve for the only firm producing electricity in the market. The current quantity demanded is indicated at 100,000 kilowatts per hour. Price per unit LRAC 100,000 Q Number of kilowatts per hour Due to economies of scale, which of the following is true?

Calculate the total revenue if explicit costs of the firm are $400 and the accounting profit is $850

Your college newspaper, The Collegiate Investigator, sells for 90¢ per copy. The cost of producing x copies of an edition is given by C(x) = 60 + 0.10x + 0.001x² dollars. (a) Calculate the marginal profit function, in dollars per copy. P'(x) = (b) Compute the marginal profit, if you have produced and sold 500 copies of the latest edition. When you produce and sell 500 copies, the marginal profit is dollars per copy. Interpret the results: The approximate loss from the production and sale of the 501st сорy is dollars.

In an increasingly connected world, countries are engaging with global markets more than ever before. As a result, global wealth is shifting towards emerging markets. This megatrend—a global trend with sustained impacts—is profoundly influencing everyday life, society, and business. globalization has lifted many developing economies—most have seen expanding industrial performance and improving standards of living, particularly so in emerging economies.  The emergence of a sizeable, aspirational middle class, particularly in China, has made it an important destination for global companies. Indisputably, trends can change. Still, presently, we continue to expect emerging markets to offer significant growth potential for domestic and multinational firms. Hence, understanding international business activities, flows,  relationships requires understanding the economic power shifting to emerging economies. Key analytics include who they are, how they grow, the corresponding opportunities and…

The table below provides a simple cost schedule for a firm in the short run, complete 1a – 1d using the data. Total Output in thousands (Q) Total Fixed Cost $(TFC) Total Variable Cost (TVC) Total Cost (TC) Marginal Cost (MC) Average Fixed Cost (AFC) Average Variable Cost (AVC) Average Total Cost (ATC) 0 $50   $50         1 $50 20 $70 20 50 20 70 2 $50   $85         3 $50   $95         4 $50   $100         5 $50   $110         6 $50   $130         7 $50   $165         8 $50   $215         9 $50   $275           Fill in the missing data using the cost calculations for short run costs

The figure shows the cost structure for a firm. When the output level is 100 units the fixed cost is $ 1.00 Cost (dollars per unit) $20 12 10 50 100 MC TC AVC Quantity (units of output)

For the cost and price functions below, find a) the number, q, of units that produces maximum profit; b) the price, p, per unit that produces maximum profit; and c) the maximum profit, P. C(q) = 90+12q; p= 64-2q a) The number, q, of units that produces maximum profit is q = b) The price, p, per unit that produces maximum profit is p=$ c) The maximum profit is P = $.

Consider an airline's decision about whether to cancel a particular flight that hasn't sold out. The following table provides data on the total cost of operating a 100-seat plane for various numbers of passengers. Total Cost Number of Passengers (Dollars per flight) 40,000 10 60,000 20 65,000 30 68,000 40 70,000 50 71,000 60 72,500 70 73,500 80 74,000 90 74,300 100 74,500 Given the information presented in the previous table, the fixed cost to operate this flight is s At each ticket price, a different number of consumers will be willing to purchase tickets for this flight. Assume that the price of a flight is fixed for the duration of ticket sales. Use the previous table as well as the following demand schedule to complete the questions that follow. Price Quantity Demanded (Dollars per ticket) (Tickets per flight) 1,000 700 30 400 90 200 100

Maximizing Profits The weekly demand for the Pulsar 40-in. high-definition television is given by the following demand equation where p denotes the wholesale unit price in dollars and X denotes the quantity demanded. p=-0.05x+622 (0 ≤ x ≤ 12000) The weekly total cost function associated with manufacturing these sets is given by the following function where C(x) denotes the total cost incurred in producing x sets. C(x)=0.000002x³-0.01x² +400x + 80000 Find the level of production that will yield a maximum profit for the manufacturer. Hint: Use the quadratic formula. (Round your answer to the nearest whole number.) units

For the cost and price functions below, find a) the number, q, of units that produces maximum profit; b) the price, p, per unit that produces maximum profit; and c) the maximum profit, P. C(q) = 70+ 14q; p = 70-2q a) The number, q, of units that produces maximum profit is q = b) The price, p, per unit that produces maximum profit is p = $ c) The maximum profit is P = $