Marginal cost of paper cup productions

Assignment Help Microeconomics

Reference no: EM1370221

Price and Output Determination

Cold Case, Inc., produces beverage containers used by fast food franchises. This is a perfectly competitive market. The following relation exists between the firm's beverage container output per hour and total production costs:

Total Total
Output Cost
0 $ 35
1,000 85
2,000 145
3,000 215
4,000 295
5,000 385
6,000 485
7,000 610

A. Make a table showing the marginal cost of paper cup productions.

B. What is the minimum price necessary for company to supply one thousand cups?

C. How many cups would the company supply at industry prices of $75 and $100 per thousand?

Reference no: EM1370221

Questions Cloud

Determination of price-output : Determine price and the level of service if competitive bidding results in a perfectly competitive price/output combination. Determine price and the level of service if the car lot grants a monopoly franchise.

Explain what advice would you give to management concerning : Explain What advice would you give to management concerning the best way to implement strategic choice in an organization?

Unlocking and sharing business databases : What are the business benefits to Amazon and EBay of opening up some of their databases to developers and entrepreneurs? Do you agree with this strategy?

Estimate the firm net operating income : Jason Kidwell is able to purchase Toys'n Things, for $2.2 million. Jason estimates that after initiating his changes in the company's operations the firm's cost of goods sold are 55 percent

Marginal cost of paper cup productions : Make a table showing the marginal cost of paper cup productions. What is the minimum price necessary for company to supply one thousand cups?

Design benefits election system-service request from huffman : Individual project for this course is in form of Service Request from Huffman Trucking. It is essential for student to access Service Request: SR-ht-001. Design a Benefits Election System.

Secure a better table at a restaurant bribery : Is tipping to secure a better table at a restaurant bribery - How is your response to this consistent with the moral philosophy of Utilitarianism/Utility?

Conclude the minimum legal age to work in nova scotia : Conclude the minimum legal age to work in Nova Scotia and the maximum number of hours worked in a week before over time must be paid

Derive the marginal cost of production : Carlton Corporation, a manufacturer of electronic equipment, determine the following relation between its marginal cost of production output:

User Account

All Pages