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vladimir1956 [14]
1 year ago
8

For each price in the following table, calculate the firm's optimal quantity of units to produce, and determine the profit or lo

ss if it produces at that quantity, using the data from the graph to identify its total variable cost. Assume that if the firm is indifferent between producing and shutting down, it will produce
Business
1 answer:
8090 [49]1 year ago
8 0

Total variable cost is -44000 ,0, 244000.

TR = P * Q

TC = FC + VC

Profit = TR - TC

Price Q                        TR                       FC              VC

10      6000 6000 * 10 = 60000 44000 =10 * 6000 = 60000    

16 8000 16 * 8000 = 128000 44000 =10.5 * 8000 = 84000

40 12000 40 * 12000 = 480000 44000 =16*12000 = 192000

Profit

-44000

0

244000.

The main goal of a perfect competitor to maximize profits is to calculate the optimum production level where marginal cost (MC) = market price (P). As shown in the graph above, the point of profit maximization is where the MC intersects the MR or P.

This is the output when the marginal revenue from the last sold unit is equal to the marginal cost to produce it.

In order to maximize profits, companies need to produce in a place where marginal revenue and marginal cost are equal. The company's marginal production cost is $ 20 per unit. If the company produces 4 units, its marginal revenue is $ 20. Therefore, the company needs to produce 4 production units.

Learn more about profit or loss here: brainly.com/question/13799721

#SPJ4

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Flyaway Travel Company reported net income for 2021 in the amount of $90,000. During 2021, Flyaway declared and paid $2,125 in c
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$1.85

Explanation:

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Therefore the 2021 basic earning per share can be calculated as follows

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Digicon Inc. is a firm with mindshare in the category of digital cameras. With reference to this information, which of the follo
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Answer:

d.The digital cameras manufactured by the firm are seen as the standard for competitors to match.

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Mindshare is a term that measures the amount of popularity and consumer awareness in a certain category. To say that Digicon Inc. has a mindshare in the category of digital cameras means that the company sets the bar for the digital cameras market and, therefore, should be seen as the standard that competitors should try to match.

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