Given that price per unit (PhP) = 2,000 D/10, where D is the annual demand (units)

Fantastic news! We've Found the answer you've been seeking!

Question:

Given that price per unit (PhP) = 2,000 – D/10, where D is the annual demand (units) and total cost per year can be approximated by PhP 2,000 + 2D2.

a. How do you know you haven’t minimized profit?

b. What is the maximum profit (PhP) per year?

Related Book For answer-question

Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

See More Books

Posted Date: Feb 08, 2021 01:31 AM

See More Questions

The hypergeometric distribution can be approximated by either the binomial or the Poisson distribution. (Of course, it can be approximated by other distributions, but in this exercise we will...
A measure of real interest rates can be approximated by the Treasury Inflation-Indexed Security, or TIIS. Go to the St. Louis Federal Reserve FRED database, and find data on the five-year TIIS (FII5)...
A measure of real interest rates can be approximated by the Treasury Inflation-Indexed Security, or TIIS. Go to the St. Louis Federal Reserve FRED database, and find data on the five-year TIIS (FII5)...
Is an oil pipeline a simplex system, a half-duplex system, a full-duplex system, or none of the above? What about a river or a walkie-talkie-style communication?
Locket, a U.S. C corporation, makes a sale to a customer in Sustainia, a country that applies a 25% income tax to business profits. The customer found out about Locket through an Internet search....
Under Generally Accepted Accounting Principles (GAAP), a cost can be capitalized if it provides economic benefits to be used or consumed in future operations. A company is required to write off, as a...
Shareholder value is cash-oriented. Do you agree with this statement? Give reasons.
An investor has two bonds in his portfolio. Each bond matures in 4 years, has a face value of $1,000, and has a yield to maturity equal to 9.6 percent. One bond, Bond C, pays an annual coupon of 10...
Evaluate the integral. (Use C for the constant of integration.) Submit Answer dx 5
Consider the operations of a fast-food restaurant serving pre-made pasta dishes to its guests. The operation consists of four steps. Each customer is first greeted and offered a menu and a tray,...
The quick ratio: is calculated by dividing the sum of the firm's current assets, excluding inventory, by the total amount of its current liabilities. shows how many times quick assets, which are...
During testing of single cylinder two-stroke petrol engine following data were obtained. Brake torque $=640 \mathrm{Nm}$, cylinder diameter 21 $\mathrm{cm}$, speed $350 \mathrm{rpm}$, stroke...
Ruchika Labs Ltd. purchases a machine costing Rs. 210 lacs and factory building for Rs. 9 lacs on 1st April 2006. Assume that the company does not own any other depreciable asset. Work out the first...
A four-stroke diesel engine has a piston diameter $250 \mathrm{~mm}$ and stroke $400 \mathrm{~mm}$. The mean effective pressure is 4 bar and speed is $500 \mathrm{rpm}$ the diameter of the...
An air at $15^{\circ} \mathrm{C}$ and 1 bar is compressed adiabatically to 15 bar by an engine working on Otto cycle. The maximum pressure of the cycle is 40 bar. Calculate air standard efficiency,...
A gas engine working on 4-stroke cycle has a cylinder diameter $300 \mathrm{~mm}$ and stroke length of 500 $\mathrm{mm}$ is running at $220 \mathrm{rpm}$. Its mechanical efficiency is $80 \%$...
Nelson baked 96 muffins. In each pan, he baked 12 muffins. Students were asked to write an equation that tells how to find p, the number of pans of muffins he baked. One student answered that it was...
The Dow Jones Industrial Average reached a high of $ 7801.63 on December 29, 1997. Recall from Example 18.4 that it reached a high of $ 1003 on November 14, 1972. The Consumer Price Index for...
Explain the effects of the minimum wage on the workers surplus, the firms surplus, and the efficiency of the market for low-skilled workers.
Lego, the Danish toymaker, incurred economic losses in 2003 and 2004. Lego faced competition from low-cost copiers of its products and a fall in demand. In 2004, to restore profits, Lego fired 3,500...
a. Is the towns street lighting a private good or a public good? b. Suppose that Sam and Nick are the only residents of the town. Draw a graph to show the marginal social benefit from the towns...
Which one of the following is an exact straight line mechanism using lower pairs? (a) Watt's mechanism (b) Grasshopper mechanism (c) Robert's mechanism (d) Peaucellier's mechanism.
In the epicyclic gear train shown in the Fig. $88, T_{A}=40, T_{B}=20$. For three revolutions of the arm, the gear $B$ will rotate through (a) 6 revolutions (b) 2.5 revolutions (c) 3 revolutions...
Which one of the following statements in respect of involute profiles for gear teeth is not correct? (a) Interference occurs in involute profiles (b) Involute tooth form is sensitive to change in...

Given that price per unit (PhP) = 2,000 D/10, where D is the annual demand (units)

Question:

Expert Answer:

Answer a First derivative ... View the full answer

Microeconomics

Students also viewed these accounting questions