A company produces an electronic timing switch that is used

Assignment Help Microeconomics
Reference no: EM13377696

A company produces an electronic timing switch that is used in consumer and commercial products. The fixed cost (CF) is $73,000 per month, and the variable cost (CV) is $94 per unit. The selling price per unit is p= $180-0.02(D). For this situation, determine the optimal volume for this product.

Reference no: EM13377696

Questions Cloud

According to the national bureau of economic research a : according to the national bureau of economic research a poor family is the one whose income falls below one-half of the
A producer of synthetic motor oil for automobiles and light : a producer of synthetic motor oil for automobiles and light trucks has made the following statement one quart of
Te fixed cost for a steam line per meter of pipe is 450x : the fixed cost for a steam line per meter of pipe is 450x 50 per year. the cost for loss of heat from the pipe per
The world price of zinc has increased to the point where : the world price of zinc has increased to the point where moth balled zinc mines in east tennessee have been reopened
A company produces an electronic timing switch that is used : a company produces an electronic timing switch that is used in consumer and commercial products. the fixed cost cf is
A night vision goggle manufacturer is evaluating a : a night vision goggle manufacturer is evaluating a make-versus-purchase situation for a component used in its
Suppose the equilibrium price in the market is 24 and the : suppose the equilibrium price in the market is 24 and the price elasticity of demand for the linear demand function at
Consider a market characterized by the following inverse : consider a market characterized by the following inverse demand and supply functions px 50 - 4qx and px 10 2qx.
In a competitive market the market demand is qd 400 - 5p : in a competitive market the market demand is qd 400 - 5p and the market supply is qs 10p - 80. a price ceiling of 32

Reviews

Write a Review

Microeconomics Questions & Answers

  Why a monopoly firm is different from a competitive firm

A monopoly firm is different from a competitive firm in that:  there are many substitutes for a monopolist's product while there are no substitutes for a competitive firm's product. a monopolist's demand curve is perfectly inelastic while a competiti..

  A assume that the consumer price indexnbsp cpi for the

a assume that the consumer price indexnbsp cpi for the period 2004 -2008 has the following valuesnbspnbspnbspnbsp

  Discuss how the response impact maximizing shareholder weath

Provide an example of how government regulation is either constraining or enabling for a particular company indicating the impact to the operational efficiency of the company. Discuss how your response impacts maximizing shareholder wealth.

  1 refer to figure to answer this question if new technology

1. refer to figure to answer this question. if new technology increased the output of guns by 50 percent how many guns

  What will be the value of your investment 4 years from now

Suppose that you invest $100 today in a risk-free investment and let the 4 percent annual interest rate compound. Rounded to full dollars, what will be the value of your investment 4 years from now?

  Explain rises or falls in short-term interest rates

Suppose you were the manager of a bank that raised most of its funds from short- term variable-rate deposits and used these funds to make fixed-rate mortgage loans. Should you be more concerned about rises or falls in short-term interest rates? ..

  Production function fx1 x2 x1x2 the prices for the inputs

production function fx1 x2 x1x2. the prices for the inputs are 2 and 8 respectively.a. if x2 is fixed at x210 derive

  Tax causes the equilibrium quantity of the good

Suppose a tax of $4 per unit is imposed on a good, and the tax causes the equilibrium quantity of the good to decrease from 2,000 units to 1,700 units.

  What is best for nation as whole tariff-quota or free trade

1. Describe both quotas and tariffs. How do they impact domestic prices and deadweight loss  How does an import quota differ from an equivalent tariff What is best for a nation as a whole: a tariff, a quota, or free trade

  You just won the irish lottery you bought a ticket while

you just won the irish lottery you bought a ticket while you were on vacation in ireland and you just won a 1 million

  Describe the competitive equilibrium price

Consider a competitive seller of iced coffee drinks.Suppose that this seller’s marginal cost of producing an amount of such drinks per week is given.What is this seller’s total surplus at this quantity

  What is the corporate marr

Consider the tax depreciation for a $1,000 investment using both the modified accelerated cost recovery system (MACRS) and the straight line depreciation accounting systems. Show that the MACRS system is more beneficial economically. Use a 5-year ..

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!

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