Plot the appropriate short run and revenue curves ( you may need more than one diagram, and tables) to determine at which price and output levels "Draw Ltd", would achieve:

• maximum profit (or minimum loss)
• break even
• output maximum
• total revenue maximum

 

Available Output, Cost and Revenue Data

Econometric evidence on the level of company productivity suggests that the most efficient short run method to produce Q output of pencils is with full time workers L=0.0202 x Q.

The accountant has found that the cost of a worker in the short run is W=21972.133, the rent of the buildings is 245, whilst other capital costs are 128.

Statistical analysis by the sales/marketing team also finds that the inverse demand curve for the firm is given by:  P= 1778.76- 24.705Q,

where Q is the quantity demanded and P is the price of pencils set by the firm. Note for the time period of that analysis all other market conditions were fairly constant.

Posted Date: 3/9/2013 1:03:01 AM | Location : United States

Ask an Expert

Related Discussions:- Plot the appropriate short run and revenue curves, Assignment Help, Ask Question on Plot the appropriate short run and revenue curves, Get Answer, Expert's Help, Plot the appropriate short run and revenue curves Discussions

Write discussion on Plot the appropriate short run and revenue curves
Your posts are moderated

Write your message here..

Related Questions

How to model my variables into a probit, I am beginning my thesis and I nee... I am beginning my thesis and I need some advice. I am trying to estimate a probit model. The binary dependent variable is employment status and the independent variables include:

Impulse Response function (IRF), My question is that when we use Impulse re... My question is that when we use Impulse response function and how to use it. Is it used along with some other methodology. What is the meaning of graphs of IRF?

Estimate the earn average , (a) Estimate how much more or less workers on a... (a) Estimate how much more or less workers on average earn when they work for government as opposed to private sector, holding their characteristics constant. Interpret the finding

Stationary testing, Help with how to calculate a value from the dickey full... Help with how to calculate a value from the dickey fuller test

Calculate the slope of a line, Give the mathematical formula of calculate t... Give the mathematical formula of calculate the slope of a line?

Rival principle of distribution., What is the rival principle of distributi... What is the rival principle of distribution? What are the impacts of ethics and morals on the rival principles of distribution?

Portfolio maximization , Derive marginal benefit of reducing principal bala... Derive marginal benefit of reducing principal balances

Identification problem, #question.elaborate the different methods for the e... #question.elaborate the different methods for the estimation of simultaneous equation model in case of exact and over identification?

Ethical problem in dependent variable, The attached Eviews results are for ... The attached Eviews results are for a model who has a professional career (dependent variable = pro (1 if respondent has a professional career, 0 otherwise). The data is the 1979 c

Hetrosedastcity, cost function; expenditure=B1+B2N+B3N+U EXP=17099+1.60N-1.... cost function; expenditure=B1+B2N+B3N+U EXP=17099+1.60N-1.2Q regration sum of square=8 qutinos 1 explain inter prtation