A competitive company has a CF= 100; a CV = Q3-20Q2 +150 Q. The market price is $73. a. Find the equilibrium level of output b. Determine the benefit c. Determine the closing point.
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A competitive company has a CF= 100; a CV = Q3-20Q2 +150 Q. The market
a. Find the equilibrium level of output
b. Determine the benefit
c. Determine the closing point.
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Solved in 3 steps
- An enterprise has annual fixed costs of $375,000 and a variable cost of $4 per unit of product. The product is sold for $75.a. Calculate how many units he must produce to break even.Round to the next whole numberb. A change in the market increases its fixed costs by $3,000 and reduces its selling price by 20%. What is the new break-even quantity?BREAK-EVEN ANALYSIS The Warren Watch Company sells watches for $26, fixed costs are $155,000, and variable costs are $13 per watch. a. What is the firm's gain or loss at sales of 9,000 watches? At 15,000 watches? What is the break-even point? Illustrate by means of a chart. b. C. What would happen to the break-even point if the selling price was raised to $33? What is the significance of this analysis? d. What would happen to the break-even point if the selling price was raised to $33 but variable costs rose to $24 a unit?True/False Firms maximize profits when MR> MC
- A firm in a purely competitve industry has a typical cost structure. The normal rate of profit in the economy is 7 percent . This firm is earning $15 on every $150 investe by its founders. a. What is its percentage rate of return? b. is the firm earning an economic profit? If so, how large?Refer to the above figure. Profits for this firm areSelect one:A.negative.B.zero.C.positive.D.undetermined without more information.If a firm wanted to reduce the annual EOQ cost as a percentage of the annual purchasecost by 50 percent, how would the demand rate have to change?a. Decrease by 50 percentb. Remain unchangedc. Increase by 50 percentd. Doublee. Quadruple
- MC ATC S Unit A 1.20 1.05 .90 60 AVC 15 20 35 Output rate The above diagram shows the cost curves for a competitive firm. Which of the following is correct? If price is $0.90, firm makes economic loss but continue to operate Shut down point is where price is $0.90. If Price exceeds $0.60, firm continue to produce even under economics loss If Price falls below $0.60, firm will continue to produce even under economics lossMC Harga & Kos (RM/per unit) Price & Kos E. Ps ATC (RM/per unit) AVC P. P3 P2 B. P, Q, Q Q Q. Q Kuantiti Keluaran (unit/ tempoh masa) Quantity of Output (units/ time period) Based on the figure above, the firm's total economic profit is maximized when the price is Select one: a. P3 O b. P5 0C. P2 0d. P4Need help with c (the break even point) and d (the price range for which the company will make a profit) please
- OutputAFC AVC АТС MC 1 100 40 140 40 50 35 85 30 3 33.33 35 68.33 35 4 25 36.25 61.25 40 5 20 38 58 45 16.67 40 56.67 50 A price taking firm has the above cost data. The price of output is $34. What level of output should the firm choose to maximize profit in the short run?. A laboratory has $4.2 million in revenues and $3.85 million in costs. What is its operating margin? The owners of the laboratory invested $6 million. What is the return on investment?41. Under what conditions does the company's profit become maximum? 1. TR>TC 2. MR > MC 3. TR=TC 4. MR = MC. %3D