Production and sales estimates for March for Robin Co. are as follows: Estimated inventory (units), March 1 18,400 Desired inven
1 answer:
Answer:
23,900 units
Explanation:
The number of units expected to be manufactured in March must equal the total number of units sold in all territories (6,400 + 9,400 + 7,100), added to the difference between the desired inventory at the end of the month (19,400 units) and the estimated inventory at the beginning of the month (18,400 units).
The expected number (n) is:
The number of units expected to be manufactured in March is 23,900.
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Answer:
In equilibrium, total output by the two firms will be option e= 300.
Q = +
Q = 100 + 200
Q = 300
Explanation:
Data Given:
Market Demand Curve = P = 1660-4Q
where, P = price and Q = total industry output
Each firm's marginal cost = $60 per unit of output
So, we know that Q = +
where being the individual firm output.
Solution:
P = 1660-4Q
P = 1660- 4( +
)
P = 1660 - 4 - 4
Including the marginal cost of firm 1 and multiplying the whole equation by
Let's suppose new equation is X
X = 1660 - 4
- 4
- 60
Taking the derivative w.r.t to , we will get:
= 1660 - 8
- 4
- 60 = 0
Making rearrangements into the equation:
8 +
= 1660 - 60
8 +
= 1600
Dividing the whole equation by 4
2 +
= 400
Solving for
2 = 400 -
= 200 - 0.5
Including the marginal cost of firm 1 and multiplying the whole equation by
P = 1660 - 4 - 4
Let's suppose new equation is Y
Y = 1660 - 4
-4
- 60
Pugging in the value of
Y = 1660 - 4
(200 - 0.5
) -4
- 60
Y = 1660 - 800
+2
-4
- 60
Y = 1600 - 800
-2
Taking the derivative w.r.t
= 1600 - 800 - 4
= 0
Solving for
4 = 800
= 200
= 200 - 0.5
Plugging in the value of to get the value of
= 200 - 0.5 (200)
= 200 - 100
= 100
Q = +
Q = 100 + 200
Q = 300
Hence, in equilibrium, total output by the two firms will be option
e= 300.