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a tuck shop at station has fixed cost of R900 per week,they sell pies at fixed price of R23
Quiz
demand function for a certain product P=60-3.5, where P and Q are the orices and quantinty
The Demand and supply functions for free range meat are Ps = 50 -0.6Q
and Pd= 20+0.4Q WHERE P and Q are prices and quantity . The equilibrium prices and quantity are P= 32, Q=30
ayabonga design and manufacture cycling products. The demand and supply functions for bikes are pd=600-1.5qd, and ps =-30 +6q, respectively , where p is the price , and Q the quality , The equilibrium price and quantity are P =84 ,; q = 474, p=474, q=84
Question 3
The supply function for a certain production is given by P=110+0.07q with p and q the price and quantity , respectively , calculate arc elasticity for supply when the price increases from R160 to R180
A firm sell their product for R900 per item, Their fixed costs amount to R1500 AND the variable cost is R300 per unit produced, Claculate the value of the total Revenue(TR) and total Cost (TC) at break even ,
TR=2250, TC=2250,
TR=900, TC=900, TR=2250, TC =900
Question 5
a firm sells their products for R500 per item. their fixed amount to R1500 and their variable cost is R300 per unit produced. Calculate the value of total revenue(TR) and Total cost (TC) at break even
Question 8
A company makes two products , A and B , product A requires 18 hours of machining time and 150 minutes of finishing time per unit. Product B requires 16 hours of machining time and 3 hours of finishing time per unit. There are 15000 hours and 800 hours available fo. Severe material shortages for the two products will limit their productions to a maximum of 900 units for
A company makes two products, A and B. Product A requires 12.5 hours of machining time and 30 minutes of finishing time per unit. Product B requires 10 hours of machining time and one hour of finishing time per unit. There are 10 000 hours and 600 hours available for machining and finishing reSevere material shortages for the two products will limit their production to maximum of 700
Question 9
a firm's total cost function and demand functions are given by
TC = 130 + 2.5q and Pd=270 -3q, where q is the number of units produced and sold. Determine the firm's maximum profit
a firm's total cost function and demand functions are given by TC = 130 + 2.5q and Pd=270 -3q, where q is the number of units produced and sold. Determine the firm's maximum profit
Question 10:
tHE ACE company decided to enter the market with new washing machine , The ACE2017. The production costs entail fixed costs of R280000 per month and unit cost of R920 per washing mahine produced , A market survey established R1500 per unit , demand will be 2000 units per month, but if the price is increased to R2000 per unit
q = 8000 - 4q,
where p is price in Rand q is the number of units demanded , dtermine the price that will give the maximum profit
Question 11
determine break even points given the demand and total cost functions respectively , as P 12 and TS =q^3 , where q is the number of units produced and sold
Break Even Total Revenue = [(Fixed Cost)/(SP-VC)] X SP
= (1500)/(900-300)] x 900
= 2250
Break Even Total quantity= [(Fixed Cost)/(SP-VC)]
= [(1500)/(900-300)]
=2.5
Total variable cost= 300 x 2.5
=750
Total Cost= Total Fixed cost + Total Variable cost
= 1500 + 750
=2250
a company makes two products , a and b , product a requires 18 hours of machining time and 150 minutes of finishing time per unit. product b requires 16 hours of machining time and 3 hours of finishing time per unit. there are 15000 hours and 800 hours for the two products will limit their productions to a maximum of 900 units for
the ace company decided to enter the market with new washing machine , the ace2017. the production costs entail fixed costs of r280000 per month and unit cost of r920 per washing mahine produced , a market survey established that at a wholesale price of r1500 per unit , demand will be 2000 units per month, but if the price is increased to r2000 per unit , there will be no demand . assuming that demand is linear , they conclude that demand is given by q = 8000 - 4q, where p is price in rand q is the number of units demanded , dtermine the price that will give the maximum profit