User Account

All Pages

Quantified the relationship between the price of products

Assignment Help Business Economics
Reference no: EM13735287

A large company in the communication and publishing industry has quantified the relationship between the price of one of its products and the demand for this product as Price = 150- 0.01 x Demand for an annual printing of this particular product. The fixed costs per year (i.e., per printing) =$50,000 and the variable cost per unit =$40. What is the maximum profit that can be achieved if the maximum expected demand is 6,000 units per year? What is the unit price at this oint of optimal demand?

Reference no: EM13735287

Questions Cloud

Repay the loan by making equal monthly payments : You borrow $25,000 from your local credit union at 12 percent compounded monthly. You repay the loan by making equal monthly payments over the next four years. How much interest is in the 23rd payment?
What quantity will they produce-what price will they charge : Two firms, A and B, each with a marginal cost of $50, form an oligopoly whose market demand is P = 650 ? 10Q. If the market is defined by Cournot competition, what quantity will they produce and what price will they charge?
Minimum selling price for the bond : You have just purchased a municipal bond with a $10,000 par value for $9,500. You purchased it immediately after the previous owner received a semi-annual interest payment. The bond rate is 6.6% per year payable semi-annually. You plan to hold the bo..
The steepness of an indifference curve indicates : The steepness (slope) of an indifference curve indicates which of the following?
Quantified the relationship between the price of products : A large company in the communication and publishing industry has quantified the relationship between the price of one of its products and the demand for this product as Price = 150- 0.01 x Demand for an annual printing of this particular product.
Shooting for an early retirement : You take your first job out of college as an engineer with a salary of $58,000 per year. You decide to contribute $2,000 into your 401K retirement plan at the end of your first year (when you are 22 years old). If you continue to contribute annually,..
Calculate the horizontal deflection of joint d : A truss is shown in the figure below. Calculate the horizontal deflection of joint D produced by both the load and fabrication error
What is the present value of the contract : Italian energy concern Eni SpA agreed to annually purchase 2 billion cubic meters of LNG from Nigeria LNG Ltd. for resale to the United States. The gas is to be produced at the Bonny facility in Africa and delivered to the Cameron import terminal in ..
Given the short-run cost curve : Given the short-run (SR) cost curve in the chart above for a firm in a perfectly competitive market, find the firm’s best output level and total profits when the market price is: a) $18, b) $13 c) $5 d) $3.

Reviews

Write a Review

Business Economics Questions & Answers

  Congress and state legislatures

What steps can Congress and state legislatures take to alleviate a serious national shortage of skilled providers. Research suggests medical errors have been linked to inadequate staffing.

  Where an externality exists in a current market

Explain what negative externalities are, and why there may be a case for government intervention to address them. Describe some of the ways to correct the negative externalities and the pros and cons of each method. Provide real life examples.

  Illustrate what are consumption also saving in each period

Illustrate what are consumption also saving in each period, suppose no borrowing constraints. What happens if the consumer faces a borrowing constraint that prevents her from borrowing.

  Explain why the food stamp program

Explain why the food stamp program can have the same effect on the consumption pattern and well-being of recipients as an outright.

  Analyze the economy and make guesses about the future

Let's say that companies that produce and sell silk shirts hire analysts to analyze the economy and make guesses about the future

  Discuss the role and the effect of reputation on cooperative

Discuss the role and the effect of reputation on cooperative behavior by selfish individuals. Discuss the biological reason for cooperative behavior with relatives.

  Illustrate what is great receptions profit

Illustrate what is Great Reception's profit when producing at the profit-maximizing output

  Goods where the price of apples is always

Consider a consumer with $10 to spend on these 2 goods where the price of apples is always $2 every.

  Kuwait had the capacity to produce a certain amount of oil

Consider we did technological change in the class where it does contribute to one side of the production use that to understand the problem.

  The economy''s factors of production

The economy's factors of production are not equally suitable for producing different types of goods. This principle generates:

  Elucidate why a system of marketable pollution permits

Elucidate why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.

  Find out contingent demand function for labor and capital

Find out the contingent demand function for labor and capital and the corresponding total cost function. Find the long-run average cost and the long-run marginal cost of both inputs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd