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TC=$12
TVC=Q^2
Total Profit=$20
Find Total Fixed Cost
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- Stuey the VP for advertising at the Meg-low Mart is trying to sell Meg-Low Mart Body Spray for $1.99 per unit. His variable cost for each unit $0.75. Knowing their AED is .31 calculate the optimal amount that should be spent in advertising.Price Quantity Total Revenue Fixed Cost Variable Cost Profit (Dollars per tote) (Totes) (Dollars) (Dollars) (Dollars) (Dollars) 10.00 44,000 16.00 44,000 40.00 44,000 If the firm shuts down, it must incur its fixed costs (FC) in the short run. In this case, the firm's fixed cost is $44,000 per day. In other words, if it shuts down, the firm would suffer losses of $44,000 per day until its fixed costs end (such as the expiration of a building lease). This firm's shutdown price—that is, the price below which it is optimal for the firm to shut down—is per tote.The revenue for a product is R(x) = −0.004x^2 + 21x − 6200 and thecost is C(x) = 0.02x + 38, for x units produced and sold.Should output be increased or decreased to generate a higher profit?
- The selling price of a particular article is ₱250 per unit. It has been decided to include the price per unit by 5% of the volume of sale. Variable cost per unit is ₱175 and fixed cost is at ₱17,000. a. Write the TR, TC, and profit function. b. Find the break even point quantity and revenue. c. Find the profit at a sale of 2,000 units. d. Find the units to sell to cover the fixed cost. e. Find the maximum profit. Only d and e. Please show the graph. Full detailed solutions...Suppose that the marginal revenue for a product is MR = 1200 and the marginal cost is MC = 30 time square root of x+4 , with a fixed cost of $900. (a) Find the profit or loss from the production and sale of 5 units. There is a ---Select--- profit loss of $ . (b) How many units will result in a maximum profit? unitsGeorge’s T-Shirt Shop produces 5,000 custom printed T-shirts per month. George’s fixed costs are $15,000 per month. The marginal cost per T-shirt is a constant $4. What is its break-even price? What would be George’s break-even price if he were to sell 50% more shirts?
- show calculations A wheat seed dealer has a cost function: C = 100 + 20Q +Q2. Inverse demand is: P = 620 -2Q. Maximum profit is: A. 38,400 B. 36,200 C. 39,200 D. 29,900 Handwritten solution not required correct answer will get instant upvote.If economic profit is $5000, explicit cost is $1200, total revenue is $7000 Calculate the value of implicit costCalculate explicit cost given:- Accounting profit = $6600 Total revenue= $10,000
- from Profit = 144X – 3X² – XY – 2Y² + 120Y – 35 to get the Marginal profit of X = d(Profit)/dX X = 144 - 6X - Y show the complete solutionIf explicit cost is $300, implicit cost Is $220 and total revenue is $700 Find Economic profitA profit-maximising firm in a competitive market is currently producing 1,000units of output. It has average revenue of $50, average total cost of $40 and fixed cost of $10,000.a) What is its profit?b) What is its marginal cost?c) What is its average variable cost? Is the efficient scale of the firm more than, less than or exactly 1,000 units?