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Ray Of Light [21]
3 years ago
11

When calculating the marginal revenue and marginal profit in this problem, use the approach given for the marginal cost and marg

inal revenue in the discussions in your textbook. a) If the fixed cost in producing the bicycles is $2800, find the total cost to produce 30 bicycles. Answer: $ 4718.9869 equation editorEquation Editor b) If the bikes are sold for $200 each, what is the profit (or loss) on the first 30 bikes
Business
1 answer:
Elena-2011 [213]3 years ago
3 0

The question is incomplete. The complete question is :

A manufacturer of mountain bikes has the following marginal cost function:

                                           $C'(q)=\frac{700}{0.7q+8}$

where q is the quantity of bicycles produced.

When calculating the marginal revenue and marginal profit in this problem, use the approach given for the marginal cost and marginal revenue in the discussions in your textbook.

a) If the fixed cost in producing the bicycles is $2800, find the total cost to produce 30 bicycles?

b) If the bikes are sold for $200 each, what is the profit (or loss) on the first 30 bikes?

Solution :

Given :

$C'(q)=\frac{700}{0.7q+8}$

a). Fixed cost, FC = $ 2800

Total cost to produce 30 bicycles is :

 $C = 2800 + \int_0^{30} C'(q) \ dq$

      $ = 2800 + \int_0^{30} \frac{700}{0.7q+8} \ dq$

     $= 2800+700\left[\frac{\ln (0.7q+8)}{0.7}\right]^{30}_0$

     $=2800+1000[\ln ((0.7 \times 30)+8)- \ln 8 ]$

     $= 2800 +1000 [\ln 29 - \ln 8]$

    = 2800 + 1287.85

    = $ 4087.85

b). Total selling price = $ (200 x 30)

                                   = $ 6000

    Profit  =  6000 - 4087.85

                = $ 1912.15

     

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Spalding Pointers Corporation expects to begin operations on January 1, year 1; it will operate as a specialty sales company tha
lora16 [44]

Answer:

Amoun of sales Revenue for the first quarter of 2019

Jan                              $120,000

Feb ( 120,000*1.05)       126,000

March ( 126,000* 1.05)    <u>132,300</u>

                                         <u>378,300 </u>

<u> Cash Receipt schedule for the first quarter of 2019</u>

                                             Jan               Feb               March

Jan sales                            $84,000       24,000          12,000

Feb sales                                 -                88,200         25,200

March sales                         <u>    -      </u>           <u>   -          </u>        <u>92,610</u>

                                           <u>84,000</u>           <u> 112,200</u>        <u>129,810</u>

<u />

<u>Amount of Account Receivable as of MArch 2019</u>

Feb sale   10%* 126,000                                 $12,600

March sales( 20%* 132,300) + (10%*132300)   <u>39,690</u>

                                                                          <u>  52,210</u>

Explanation:

cash receipt

Jan Sales :   Jan     70% * 120,000 = 84,000

                    feb      20%* 120,000   = 24,000

                  March    10% * 120,000  = 12,000

Feb sales  :   Feb   70%*126,000 =  88,200

                      March 20% * 126,000 = 25,200

                      April   10%* 126,000 =     12,600

March sales :    March   70%* 132300 = 92,610

                         April      20%*132300 =  26,460

                        May         10%*132300 =   13,230

5 0
3 years ago
what is the present value of the following cash flow stream at a rate of 10.0%? years: 0 1 2 3 cfs: $750 $2,450 $3,175 $4,400
lana [24]

The present value of the given cash flow stream at a rate of 10.0% for all the years that is from year zero to year three is $10,777.50. Hence, Option B is correct.

<h3>What is a cash flow stream?</h3>

For describing any business proposal, there are very specific requirements, but the two things that are majorly required are cash flow instances and cash flow stream.

A cash flow stream is basically a kind of specific amount that sometimes flows into or sometimes flows out of an organization. It is basically for a particular time period, which can be calculated with the help of some proposal.

Therefore, the given data after doing these required calculations when the cash flow is calculated at a rate of 10.0%, the amount is $10,777.50. Option B is correct.

Learn more about cash flow stream from here:

brainly.com/question/15565882

#SPJ4

The complete question is attached in text form:

What is the present value of the following cash flow stream at a rate of 10.0%?

Years: CFs:

0 $750

1 $2,450

2 $3,175

3 $4,400

a. $8,283.53

b. $10,777.50

c. $10,866.57

d. $7,749.11

e. $8,907.02

3 0
1 year ago
In a sweezy oligopoly, the profit-maximizing level of output occurs where:_____.
hodyreva [135]

In a Sweezy oligopoly, the profit-maximizing level of output occurs where mr=mc.

Paul M. Sweezy created the oligopoly's kinked demand curve in 1939. The model explains how oligopolistic groups behave rather than placing emphasis on how price-output determination occurs.

With an equilibrium output of Q units and an equilibrium price of P, the oligopolist maximizes profits by equating marginal income with marginal cost.

Due to each company's desire to maximize profits, there is frequently intense competition among them when it comes to pricing, production, and promotion.

The main distinction between a monopolist and a perfectly competitive firm is that although for a monopolist, marginal revenue is not equal to the price since changes in output quantity affect the price.

To learn more about monopolists refer to:

brainly.com/question/14055453

#SPJ4

7 0
2 years ago
When poor performance is attributed to a lack of knowledge, team members are most likely to respond by
k0ka [10]

It should be noted that when poor performance is attributed to a lack of knowledge, it's important to undergo training.

<h3>What is training?</h3>

Training simply means the act of teaching an individual a particular skill. This is necessary in organizations to achieve the goals.

When poor performance is attributed to a lack of knowledge, team members are most likely to respond by undergoing training. This will give them the required knowledge.

Learn more about training on:

brainly.com/question/26270137

5 0
2 years ago
A friend asks you what sort of interest-simple or compound- is better. What would your answer be, and why?
Bas_tet [7]

Answer:

Compound interest is better than simple interest

Explanation:

Compound interest is better than simple interest especially when it comes to investing. Funds grow at a faster rate in compound interest than simple interest.

Simple interest is the interest on only the principal while compound interest is the interest on principal and on the previous accumulated interest (that is, interest on interest).

The formula for simple interest is:

P x r x t

Where P is the principal

r is the interest rate

t in the time.

For compound interest:

A=P(1+r/n)^nt.

A is the amount after compounding.

P is the principal.

r is the interest rate

n is the number of times interest compounds(adds up) per year

t is the number of years.

3 0
3 years ago
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