ENGR.ECONOMIC ANALYSIS
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The marginal revenue MR =800-6q and the average cost function AC=5+300/q.Find the profit when 10 units are produced and sold
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- What will be the accounting profit of the firm if the total revenue is $1020 and the explicit cost is $350arrow_forwardThe lerner index is 0.3, find the markup over marginal cost.arrow_forwardA company produces very unusual CD's for which the variable cost is $ 15 per CD and the fixed costs are $ 50000. They will sell the CD's for $ 79 each. Let a be the number of CD's produced. Write the total cost C as a function of the number of CD's produced. C =$ Write the total revenue R as a function of the number of CD's produced. R=$ Write the total profit P as a function of the number of CD's produced. P=$ Find the number of CD's which must be produced to break even. The number of CD's which must be produced to break even is Question Help: Video Submit Questionarrow_forward
- TC = 177 +30Q + 2Q² What is the average variable cost when 9 units are produced? Enter as a value.arrow_forwardIf the accounting profit in an economy is $42 billion and the implicit cost is $29 billion find the economic profit.arrow_forwardTV manufacturer can produce 200 TVs in a month at a total $140000 and 400 TVs at a total cost $300000. Find the company’s monthly fixed costs and marginal cost per TV.arrow_forward
- TC = 200 + 60Q + 2Q² What is the average variable cost when 4 units are produced? Enter as a value. 248arrow_forwardAssume that the linear cost and revenue models apply. An item costs $6 to make. If fixed costs are $2400 and profits are $2100 when 100 items are made and sold, find the revenue equation. (Let x be the number of items.) R(x) =arrow_forwardCould you show the profit and loss on the graph. Furthermore, the figures for cost you posted were incorrect as they are not dropdown options.arrow_forward
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