Management determined that the daily total cost of producing music players (in dollars) is C(x)= 0.0001x-0.08x + 40x + 5000 where x stands for the number of players produced. Find the price of the players from 0 to 100. 9020 O None of the above 1100 1200

Management determined that the daily total cost of producing music players (in dollars) is C(x)= 0.0001x-0.08x + 40x + 5000 where x stands for the number of players produced. Find the price of the players from 0 to 100. 9020 O None of the above 1100 1200

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

See similar textbooks

Related questions

Q: DBM Industries produces exclusively an SP Juice in the market under the name DBM Sparkle . The…

A: A competitive firm is one that has a large number of buyers and sellers, selling homogenous goods.…

Q: our firm has discovered a cheap and efficient technology of turning used plastic bottles and bags…

A: 2000 helmets are sold every year at a price of $10 per helmet. Hence the total revenue earned from…

Q: total profit is

A: Total Variable Cost = Average Variable Cost * Output Variable cost = $3 * 1000 = $3000 Total Fixed…

Q: Given the information that follows: Salefixed s = 750,000; explicit costs = 450,000; return you…

A: The profit is the difference between the revenue and the cost. There are different type of profit…

Q: In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The…

Q: A manufacturer's total cost equation per day is given by the equation TC = 440 +4q+,00010². If each…

A: Given : Total Cost = 440+4q+0.0001Q2 Price = 10-0.0004Q

Q: TC = 134 + 20Q + 4Q2 What is the average fixed cost when 11 units are produced? Enter as a value.…

A: TC=134+20Q+40Q2AFC=134+20Q+40Q2QNow,AFC11=134+20(11)+40(11)211 =5,19411 =472.18

Q: Suppose ADJ Corporation's break-even sales volume is $450,000 with fixedcosts of $200.000.(a)…

A: The given information: Fixed cost is $200,000 Sales volume of a company is $450,000

Q: A machine that produces a certain piece must be turned off by the operator after each piece is…

A: Given:- Machine produces=50,000 pieces Operator earns=$2 Brake require servicing=After 587 hours…

Q: Tyre presently rents and uses 7000 square meters of warehouse space for $2700 a month. It has the…

A: Answer - Given in the question - Tyre presently rents and uses 7000 square meters of warehouse space…

Q: plant has sufficient capacity to manufacture any combination of four different products (A, B, C,…

A: Introduction Marginal cost of machine 1 = variable cost + material cost = 2 + 4 = $6 Total MC of…

Q: A manufacturing firm can sell x number of units of each product produced per month at a price of (24…

A: TR(TOTAL revenue) is the product of p(price) and x(quantity). TC(TOTAL cost) is the sum of fixed and…

Q: The cost function of a large railroad corporation is Y=10^7+T, where Y is the total cost of shipping…

A: The cost function measures the minimum cost of producing a certain level of output for a certain…

Q: Calculate the price per unit if it is given that Total revenue is $840 and the total output is 32…

A: According to the above-mentioned question, we are given that:- Total revenue = $840 Output = 32…

Q: Bose will incur fixed costs of $200,000 and unit variable costs of $25 on its new wireless Bluetooth…

A: Fixed cost is the cost that must be paid by the firm irrespective of its level of…

Q: A drywall company in Alberta manufactures dry-wall panels for modular construction companies.…

A: The total revenue is maximized where the marginal revenue is zero. The total revenue is…

Q: if the selling price of a certain product is shown in the figure below and the variable cost per…

A: The total revenue earned by a firm is the total payments received from the sale of goods and…

Q: A manufacturer has determined the marginal-cost function do/dq below, where q is the number of units…

A: Here, Marginal cost function is given as: MC=0.012q2-0.4q+60 and, MC is $70 when q is 50 and fixed…

Q: ABC Company has a product that sells for $400 per unit and its variable cost per unit is $260.…

A: Price for a product is equal to $ 400. Variable cost is a cost that varies with the level of output…

Q: Carlota Music Company estimates that the marginal cost of manufacturing its Professional Series…

A: As given marginal cost is C'(X) = 0.02X +100 and Fixed cost = $4000/ month

Q: The Rainwater Brewery produces beer. The annual fixed cost is $150,000, and the variable cost per…

A: The term “profit” is defined as the excess of total revenue over the total cost. Total cost (TC)…

Q: A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that…

Q: Everlast Containers, a small retailer of quality urns, sells its product for $180. If Everlast…

A: Here, given information is, Selling price: $180 Mark-up: 35% of cost To find: Firm's product cost…

Q: Find out when the tool starts to generate profit? (Ignore the range of the cost function.

Q: Average cost with the $300 tax is minimized at a quantity of q = units. (Enter your response rounded…

A: *Answer:

Q: e Party Connection prepares complete party kits for various types of celebrations. It is currently…

A: Order request is for 25,000 Total Overhead cost = 12500 x 0.25 + 12500 x 0.5 = 3125 + 6250 =…

Q: Currently, your unit labor cost is $9.40 and you have an automation rating of 4. You change the…

A: Given the following information: *Unit labor cost at present =$9.40*Automation rating increases from…

Q: A firm is selling two products-chairs and bar stools-each at $50 per unit. Chairs have a variable…

A: Total Cost = Total Variable Cost + Total Fixed Cost The Break-even point is the point where the firm…

Q: What is the critical point of the total cost function TC =-Q³ - 6Q2 -640Q ? %3D O A.Q = 10 О В. Q —…

A: The total cost function is given as follows: TC = 13Q3 - 6Q2 - 640Q Where, TC is total cost. Q is…

Q: R(p) = pN(p).| Bob is currently selling tires for 60 dollars each. His weekly sales are running at…

Q: the firm faces additional shipping costs. In particular, it incurs a per unit cost of 10 for…

A: The firm produces various goods and services and charges a price. The firm would result in incurring…

Q: Lulu hypermarket estimates daily demand of 18 kgs for a product. It costs RO 100 to make and receive…

A: Given the information: Daily demand = 18 kgs Costs to make = 100 Annual holding cost = 25%

Q: A company produces and sells a product and fixed costs of the company are 8500000 Baisa and variable…

A: Given, total fixed cost = 8500000 Baisa = RO.8500 (as 1000 Baisa = 1 Omani Rial (RO) Total…

Q: Lin Corporation has a single product whose selling price is $135 per unit and whose variable expense…

A: Total cost is the total expenditure by the producer on the production process. Total cost includes…

Q: Engle sells Lebanese sandwiches. The cost of ingredients (bread, meat, spices, etc.) to make a…

A: ANS Fixed Cost (FC) is that part of the Total Cost (TC) which does not change with the change in the…

Q: Total Variable cost is 560,000 OMR total units sold is 7000 units, total fixed cost is 160000…

A: Total cost (TC): - it is the sum of fixed and variable costs incurred in the production process.…

Q: A company has determined that the price and the monthly demand of one of its products are related by…

A: Given information: The demand function for company's product: D=375-P0.5 .... (1)…

Q: If the average fixed cost of seven tubs of ice cream is $50, the total cost of zero tubs is: Oa.…

A: Average fixed cost refers to the cost that remains same through out the level of outputs that is it…

Q: The ENR Building Cost Index in December 2019 and 2020 were reported to be 6,199 and 6,445…

A: Cost index measure the variation in prices of factors used in production process. It is also input…

Q: XYZ, inc. makes and sells bicycle parts. Last year XYZ sold 5,400 handlebars, generating sales of…

A: The demand and quantity demanded of a good are different but inter related concepts. The demand of a…

Q: The cost of producing 5-gallon water bottles is given by C(q) = 0.005q2 + 2q + 1000. If 2000…

A: Total costs, C(q) = 0.005q2 + 2q + 1000.

Q: The X division of XYZ Company is currently operating at 60% capacity or 6,000 units. It produces a…

A: Cost refers to the expenditure level incurred by the firm on its various operations. The cost can be…

Q: The break-even sales dollar figure for an operation that sells 615 products at $15 if each item…

A: Break-even sales: It refers to the amount of dollar revenue at which the business will gain a profit…

Q: A manufacturer of handcrafted wine racks has determined that the cost to produce x units per month…

A: The total cost of production is defined as the total monetary value of all the inputs used by the…

Q: 09. Consider the economic order quantity, with demand of 1650 unit per month (30 days), setup cost…

A: Time between orders is an ecommerce metric that measures how long customers take to place a next…

Q: Given = TC = f(q) = 0.3q2 -105q + 120,000 What volume should be produced for minimum cost? What…

A: Ans. The cost minimization level of output is 175 units.

Question

100%

plz solve it within 30-40 mins I'll give you multiple upvote

Management determined that the daily total cost of producing music players (in dollars) is
C(x) = 0.0001x-0.08x + 40x + 5000
where x stands for the number of players produced. Find the price of the players from 0 to 100.
9020
None of the above
1100
1200

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Introduction

VIEW

Explanation

VIEW

Conclusion

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

ATC, AAC, AVC, MC (/uni 270.00 24000 21000 180.00 150.00 120.00 10:00 60.00 30.00 0:00 02 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 Units of Output (0) Unit Cost Curves Refer to the graph above. The curves are not labeled. To help get this question right, you must first label the curves. An output level of 18 is identified with the dark vertical line. The shaded rectangular area (height times width) is the O average sunk cost. O total sunk cost O total avoidable fed cost. O total avoidable cost. O None of the above
SuProse a liim hus revenue R=15t- 5q2 und (Ost (= 93-13.5e+ 50+ 40. Make a sketch of average Variable cOst, marginal (ost and maigina fevenue.
For a given commodity, the line haul cost is $13 per mile. For a trip of 200 milesand a shipment of 300 lbs., what is the cost per pound? If the shipment is increasedto 500 lbs., what is the saving in cost per pound?
these are the drop down options Washes per hour dollars
An Electronic Company produces calculators. The fixed cost of producing calculators is 450,000. The variable cost of producing a calculator is 100. The company sells the calculators for 250. Given an annual volume of 50,000 calculators. Determine the units to produce to cover-up the fixed cost. Determine the profit at 50,000 volume of production. Determine the amount of sales to be generated in order for the firm not to incur any profit nor loss. If price increases to 400 all costs are the same, what is the new break-even units?
10. Smart Phones, Inc. buys one model of smartphone, paying $2370 per case of 20 phones. Find the asking price for each assuming a 40% markup on cost.
Find output of total revenue is $6400 and the price per unit is 400
Michael’s Lobster Food Truck has been operating for three years, but he’s yet to make a profit in the competitive food truck industry. Last year, he sold 2,500 items at an average price of $12. It costs him $9 to cover his ingredients for each item, and he also has fixed costs of $8,000 per year to cover for his truck, marketing, insurance, etc. What percentage increase in the number of units sold is required for Michael to break even?
sarah earns 400 per week and spends 15% of her earning on tranpotation every week
If marginal cost for 7th unit is given by the function:- 4Q2 - 3Q + 20 Calculate the marginal cost in dollars
Carlota Music Company estimates that the marginal cost of manufacturing its Professional Series guitars is C ′ (x) = 0.02x + 100 dollars/month when the level of production is x guitars/month. The fixed costs incurred by Carlota are $4000/month. Find the total monthly cost incurred by Carlota in manufacturing x guitars/month.
A manufacturer of handcrafted wine racks has determined that the cost to produce x units per month is given by C= 0.2x +10,000. How fast is the cost per month changing when production is changing at the rate of 18 units per month and the production level is 60 units? Costs are increasing at the rate of $ per month at this production level. (Round to needed.) increasing decreasing