7. (9-6) The Deering Manufacturing Company's short run average cost function in 1999 is AC=3+4Q, where AC is the firm's average cost (in dollars per pound of the product), and Q is its output rate.
a. Obtain an equation for firm's short run total cost function.
b. Does the firm have any fixed costs? Explain?
c. If the price of Deering Manufacturing Company's product (per pound) is $ 3, is the firm making profits or losses? Explain.
d. Derive an equation for the firm's marginal cost function.

8. (10-2) In 2001, the box industry is perfectly competitive. The lowest price point on the long-run average cost curve of each of the identical box producers is $4, and this minimum point occurs at an output of 1,000 boxes per month. The market demand curve for boxes is QD=140,000-10,000P where P is the price of a box (in dollars per box) and QD is the quantity of boxes demanded per month. The market supply curve for boxes is Qs=80,000+5,000P, where Qs is the quantity of boxes supplied per month.
a. What is the equilibrium price of a box? Is this the long-run equilibrium price?
b. How many firms are in this industry when it is in long-run equilibrium?
9. (11-2) The can industry is composed of two firms. Suppose that demand curve for cans is P=100-Q, where P is the price (in cents) of a can, and Q is the quantity demanded (in millions per month) of cans. Suppose that the total cost function of each firm is TC=2+15q where TC is total cost (in tens of thousand of dollars) per month, and q is the quantity produced (in tens of thousands of dollars) per month, and q is the quantity produced (in millions) per month by the firm.
a. What are the price and output if the firms set price equal to marginal cost?
b. What are the profit-maximizing price and output if the firms collude and act like a monopolist?
c. Do the firms make a higher combined profit if they collude than they would if the set price equal to marginal cost? If so, how much higher is their combined profit?

Need help with the problems in the attached document.
Book: ManagerialEconomics: Theory, Applications, and Cases, 7th edition. By Allen, Doherty, Weigelt, and Mansfield.

Please help with the following problem.
The cost of pollution (in billions of dollars) originating in the paper industry is
C_P = 2P + P^2
where P is the quantity of pollutants emitted (in thousands of tons). The cost of pollution control (in billions of dollars) for this industry is
C_C = 5 - 3P
a. What is th

Why marginal analysis is so important in managerialeconomics? Give examples of how this type of analysis can help a managerial decision maker. What are some limitations to using marginal analysis?

Is the following sentences true or false and why (please give mathematical or graphical explanation when needed)?
1. Empirical studies often indicate that the long- run average cost curve for PC industry is J -shaped
2. a profit- maximizing monopolist will always choose on output in the short run where the average total c

ManagerialEconomics Assignment
Below are data on quantity produced at a group of shirt manufacturing plants. Each plant also reports its total cost. This exercise tests your knowledge of empirically verifying economic theory of short-run production cost.
a. What is the theoretical regression equation of the short-run to

Please help with the following problems.
Suppose that the economist of Corporation XYZ estimates the following long run cost function for a product M that the company produces and sells.
TC = 5Q2 + 10Q +180
The market price for product M is fixed at P = $70
a. What is the total fixed cost?
b. What is the total vari

A well-known conglomerate that manufacturers a multitude of noncompeting consumer products instituted a corporate-wide initiative to encourage the managers of its many divisions to share consumer demographic information. However, since the initiative was implemented, the CEO has noticed that less information is available than ev