Consider the following: Q=min{ 20 L, 83 K} PL=93, PK 96, P=97 and C =5462 What is the profit maximizing level of output?

Suppose the firm achieves total revenue of $1,000 by selling 150 units while facing total costs of $900. If the firm produces and sells 151 units, its total revenue is $1,005, and its total costs are $950. Should the firm produce and sell the extra unit? Group of answer choices yes, since marginal profit is positive yes, since profits are positive no, since marginal profit is negative no, since marginal profit is positive     You have recently learned that the company where you work is being sold for $1,000,000. The company's income statement indicates next year's profits of $30,000, which have yet to be paid out as dividends. Assuming the company will remain a "going concern" indefinitely and the interest rate will remain constant at 7%, at what (constant) rate does the owner believe that profits will grow? (Hint: the price the owner was willing to pay is the present value of the firm's future cash flows) Group of answer choices 6% 5% 4% 4.5%

A startup software company has indicated its cost, c(x), and revenue, f(x), as given below, such that x is the number of lines of programing code (units in 1000 lines).         c(x) = 80000 - 2(x-200)2         f(x) = (x-10)3 + (x+10)2 Find the marginal cost analytically, and draw its graph Find the marginal revenue analytically, and draw its graph Solve for the x point where marginal cost is equal to marginal revenue analytically. Comment why is this point significant analytically. Write the profit function and draw its graph Is the profit function concave up or concave down?

Sergio Lopez is a publisher of Latin American poetry.  His fixed cost is $525, and the cost to produce each individual copy of his book is $3.50.  Currently, Sergio is selling these books for $6 each. So far this year, he has produced x  a. Write a linear cost function C for Sergio’s book production, in terms of x.   b. Find the linear revenue function R for selling x copies of the book.  Remember that P(x) = (price)x.    c. Use and 1b. to determine the profit function P for selling x books.  Write the formula in simplified form.  d.Use your answer for 1c to determine the profit, in dollars, for selling 300 books.

What would be the profit earned by the firm if his total revenue is $490 and the total costs are $500

1.  It costs $25,000 to build 30 refrigerators. It costs $30,000 to build 40 refrigerators. Assuming that the cost function is linear, find the cost function C(x) where x is the number of refrigerators built. If each refrigerator sells for $1500, find the revenue function, profit function, and break-even point.

Give two examples of explicit cost for a firm

2.1 A manufacturer estimates that its variable cost for manufacturing a given product is given by the following expression: C(q) = 25q² + 2000q [$] where C is the total cost and q is the quantity produced a. Derive an expression for the marginal cost of production b. Derive expressions for the revenue and the profit when the widgets are sold at marginal cost.

Q2)Tony Keonte owns a factory that manufactures Eye-Games. His weekly profit (in thousands of dollars) is given by the following function:  P(x) = -4x2  + 80x- 300. Where x is the number of Eye-Games sold. a) What is the largest number of Eye-Games that the company can sell and still make  profit? (25 points) b) How many Eye-Games will the firm have to produce and sell in order to maximize profit?  (25 points)

Could you show the profit and loss on the graph. Furthermore, the figures for cost you posted were incorrect as they are not dropdown options.