1. See the attached file.
Summary of calculations:
TFC = AFC when Q = 1, so TFC = 180
AFC = TFC/Q
AVC = TVC/Q
ATC = ...

Solution Summary

This solution gives a detailed explanation of all the calculations required to complete a Costs table for a firm and graph it in Microsoft Excel. The solution also explains how to determine the firm's profit-maximizing output.

Please assist with this problem:
You own a small firm that manufactures and sells a standardized product in a marketplace that closely resembles perfect competition. You have estimated your total cost function at C(Q) = Q + 3Q2, and your marginal cost function as MC = 1 + 6Q. In trying to plan for the upcoming year, you est

Profit Maximization
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A monopolistic firm operates in two seperate markets. No trade is possible between market A andmarket B. The firm has calculated the demand functions for each market as follows:
Market A p = 15 -Q
Market B p = 11 -Q

You are the manager of a firm that sells a commodity in a market that resembles perfect competition, and your cost function is C(Q)=Q+2Q^2.Unfortunately, due to production lags, you must make your output decision prior to knowing for certain the price that will prevail in the market. You believe that there is a 60 percent chanc

A firm producing poultry feed finds that the total cost C in dollars for producing and selling x units is given by
C = 18 x + 150. Management plans to charge $22.50 per unit for the feed.
1. What is the break-even cost?
2. What is the profit for 75 units of feed sold?
3. How many units must be sold to produce a profit of

The following questions address some of the price and output decisions faced by firms other than those found in perfect competition. Some numbers may be rounded.
Table 1
Output Average Fixed cost Average Variable Cost ATC Marginal Cost Price Total Revenue Marginal Revenue
0

The cost of producing X units of a certain commodity is C(X) = 3X^2 +6x +9 Dollars. If the price is p(x) = (45-x) dollars per unit, determine the level of production that maximizes profit.
a) x=1
b)x=2
c)x=3
d)x=5

A manufacturer of small chain saws has determined:
R(x)=xp(x)=x(200-x/30)=200x-x^2/30
C(x)=7200+60x
Where x is the number of saws that can be sold at price $p per saw and C(x) is the total cost (in dollars) of producing x saws.
a. Find the marginal cost
b. Find the marginal revenue
c. What is the minimum number of saws s

1. A profit-maximizing firm operating in a perfectly competitive market can sell products for $100 per unit. The firm has a cost function represented by:
C(Q) = 1000- 160Q + 10QSqr(10 q squared) . The market demand function for this product is Qd = 500 - 3P.
a.What is the profit maximizing output for this company?
b.Wh

Handy Vac manufactures and distributes a line of feather dusters. Demand per period (Q) for the Vac-O-Matic, their most popular feather duster, has the relationship:
Q = 500 - (1/2)P
Where P is price. Total costs (with a "normal" distribution to the unit holders included) of producing Q units per period are:
TC = 10