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Profit Maximization
Page 3
Questions (185)
A company makes two types of garage doors, type A and type B. Profit per unit is $20 for type A door and $15 for type B door.
3 answers
asked by
Ayansa Dabesa soboka
49 views
A large firm has two divisions: an upstream division that is a monopoly supplier of an input whose only market is the downstream
1 answer
asked by
Kathy
977 views
The equation y= 0.003x - 0.50 can be used to determine the approximate, y in dollars, of producing x items. How many items must
1 answer
asked by
ashh
443 views
Hercules Films is deciding on the price of the video release of its film Bride of the Son of Frankenstein. Marketing estimates
1 answer
asked by
Angela
996 views
Suppose the demand curve for a monopolist is Qd = 500 – P, and the marginal revenue function is MR = 500 -2Q. The monopolist
1 answer
asked by
Michelle
686 views
QUES # 1 a STARTUP COMPUTER CAN SELL 1000 COMPUTERS IF THEY PRICE THEM AT $500. tHE NUMBER SOLD WILL INCREASE BY 10 FOR EVERY $1
1 answer
asked by
Linda P*
427 views
Please help this question is from my unit on linear programing and I'm having trouble completing it.
A company manufactures
2 answers
asked by
Maddy
850 views
A startup company can sell 1000 computers if they price them at $500. The number sold will increase by 10 for every $1 decrease
2 answers
asked by
linda
571 views
If marginal cost is 0, what does it tell us in terms of profit maximization
3 answers
asked by
.
57 views
2. Given a firm’s demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 – 8Q + 36 + 3/Q, calculate the level
1 answer
asked by
naresh kshirasagar
429 views
Assume a monopolist with the following:
a. Qd = 100 – 10p b. TC = 1 + 2Q Find the following: Price at profit max Quantity at
1 answer
asked by
mike Gee
427 views
The following schedule shows demand and total cost.
Price Quanity Total cost $30 10 $200 29 11 208 28 12 217 27 13 227 26 14 238
2 answers
asked by
Genie
515 views
The given graph represents the relationship between the profit per product sold versus the total number of products sold in a
3 answers
asked by
Eli S
126 views
A CA resort offers year-round activities and the resort's operating costs are essentially the same in winter and summer. Mgmt
4 answers
asked by
BJ
519 views
What is profit maximization condition for a firm? Explain why this condition must hold. Present a logical explanation and a
1 answer
asked by
Chris
442 views
The manager of caribbean glass company estimates that total revenue from the sale of her firm's product is given by the equation
3 answers
asked by
Special
547 views
The demand curve for a monopolist is Qd = 500 - P and the marginal revenue function is MR = 500 - 2P. The monopoloist has a
3 answers
asked by
too old
1,478 views
How can you explain the MR=MC equation as the PROFIT MAXIMIZING output level?
1 answer
asked by
Teri
808 views
How can you explain the MR=MC equation as the PROFIT MAXIMIZING output level?
1 answer
asked by
Teri
357 views
Based on the following labor/material/costs/revenue structure, develop a production plan to maximize profit. You have 40 hours
1 answer
asked by
Phillip
371 views
A firm is a monopolist in the production of a fuel sensor system. It faces monthly market demand that varies according to the
2 answers
asked by
John
491 views
a firm is planning to manufacture a new product. the sales department estimates the quanity that can be sold depends on the
2 answers
asked by
jen
605 views
A sporting goods manufacturer makes a $5 profit on soccer balls and a $4 profit on volleyballs. Cutting requires 2 hours to make
4 answers
asked by
Kelly
818 views
Wal-Mart, a discount store chain, is planning to build a new store in
Rock Springs, Maryland. The parcel of land the company owns
1 answer
asked by
JYD
666 views
A farm supply store carries 50-lb bags of both grain pellets and grain mash for pig feed. It can store 600 bags of pig feed. At
1 answer
asked by
Lucy
618 views
As a general rule, profit-maximiaing producers in a competitive maket produce ouput at a point where:
A) marginal cost is
1 answer
asked by
G
459 views
A farm supply store carries 50-lb bags of both grain pellets and grain mash for pig feed. It can store 600 bags of pig feed. At
1 answer
asked by
Lucy
476 views
A chauffer must decide between driving his client in the Rolls Royce or the Mercedes Benz. The Rolls Royce costs $1.75 per mile
2 answers
asked by
Chauncey
562 views
During the summer months Terry makes and sells necklaces on the beach. Last summer he sold the necklaces for $10 each and his
3 answers
asked by
julie
1,461 views
Posted by Patrick on Saturday, September 22, 2007 at 5:25pm.
Suppose Nick produces to goods @ cost
1 answer
asked by
Patrick
871 views
Your roommate's long hours in the chem lab finally paid off- she discovered a secret formula that lets people do an hour's worth
1 answer
asked by
JIM
896 views
P=MR+$750
TC =2,500,000+500q+0.005Q^2 (squared) Mc =500+0.01Q Calculate profit maximizing level Calculate the company's optimal
1 answer
asked by
Jeff
409 views
Profit Maximation question help
P=MR+$750 TC =2500000+500q+0.00Q squared Mc =500+0.01Q Calculate profit maximizing level
1 answer
asked by
Jeff
475 views
The demand function for a well known economics textbook is:
P = 100 - .005Q The publisher must pay $20 per book in printing and
1 answer
asked by
Daniel B
605 views
hey thanx for "economyst" for his input, he/she was a HUGE help :)
just stuck on a dmeand function question p.s. i don't mean to
1 answer
asked by
michael
724 views
Explain in detail why profit-seeking businesses have incentive to use resources efficiently. How does your explanation fit into
1 answer
asked by
Jarmisha
410 views
This is due Thursday. We are studying monopolies, and the question is;
Firm X is a monoply firm. MR and MC for Firm X are as
1 answer
asked by
Trisha
653 views
The given graph represents the relationship between the profit per product sold versus the total number of products sold in a
1 answer
asked by
Uncle moe last name lester
112 views
Suppose that a firm in a perfectly competitive industry finds that at its current output rate, marginal revenue exceeds the
1 answer
asked by
APL
62 views
The given graph represents the relationship between the profit per product sold versus the total number of products sold in a
4 answers
asked anonymously
71 views
For xyz manufacturing the fixed costs are $1200, material and labor costs combined are $2 per unit, and the demand equation is:
p
3 answers
asked by
Sophie
1,656 views
The Wellbuilt Company produces two types of wood chippers, Deluxe and Economy.
The Deluxe model requires 3 hours to assemble and
4 answers
asked by
Mike
1,553 views
Given the demand of computer P=100-5Q and cost function C= 100+2Q2, MC=0 tell us what in terms of profit maximization under
1 answer
asked by
.
39 views
Joely's Tea Shop, a store that specializes in tea blends, has available 45 pounds of A grade tea and 70 pounds of B grade tea.
3 answers
asked by
Hi
1,104 views
A manager of a monopoly firm notices that the firm is producing output at a rate at which average total cost is falling but is
1 answer
asked by
AOL
48 views
A chain saw requires 6 hours of assembly and a wood chipper 4 hours. A maximum of 48 hours of assembly time is available. The
2 answers
asked by
Joe
1,047 views
A profit function is derived from the production cost and revenue function for a given item. The monthly profit function for a
2 answers
asked by
Kenny
948 views
Hercules Films is deciding on the price of the video release of its film Bride of the Son of Frankenstein. Marketing estimates
3 answers
asked by
Bella
920 views
The following table gives the cost and revenue, in dollars, for different production levels, q. Answer the questions below.
q 0
1 answer
asked by
ana
823 views
The profit, y, be selling x pretzels is found by the formula y = -0.002x^2 + 1.6x -350. Find the number of pretzels that must be
1 answer
asked by
Jane
914 views
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