There is an oil change firm in town called Oil Pro. The total cost function for Oil Pro is below. What is the break-even price in this market? TC=125+5q^2 A) P=60 B) P=50 C) P=40 D) P=30

Just for (d) I'd like to know how to compute the producer surplus. Thanks!

Problem One: The fixed cost for a company is 1200 OMR and the variable cost is 2 OMR per 100 unit. If demand function is given by p = L Determine the quantity that the company must sell to cover the fixed costs.

Math 1

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 a computer hardware production firm with total cost function TC = 2200+480Q+20Q2, and market demand function Qd = 190 – 2P; Q is output and P is market price.      (a) Determine the firm’s Total Cost when it produces 120 units of output.      (b) Determine the firm’s Marginal Cost when it produces 120 units of output.      (c) Determine the firm’s Average Cost when it produces 120 units of output.      (d) Find the market price of the firm’s output when it sells 120 units of output.      (e) Determine whether the firm makes profit, or loss, at 120 units of output.

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 a certain good, when price rises from $100 to $150, quantity demanded falls from 2,000 to 1,200. The price elasticity of demand here is making the demand for this good in the price range between $100 and $150. 0.8; inelastic O 0.67; inelastic 0.15; inelastic 1.50; elastic O 1.25; elastic

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 = $

2) The cost price of a Saturn is $13 000. When the dealer sells each car for $25 000, he sells 21 cars per month. For each reduction of $1000 in the selling price, the dealer sells 3 more cars each month. a) Determine the Profit equation for this function. b) Explain how the profit function was determined. Explain each variable. c) Determine the selling price of a car for maximum monthly profit.