Welcome

## a) A supply function indicates the number of units of a commodity that suppliers are willing to bring to the market place as a function of price consumers are willing to pay. The function is qs = 0.5p2 – 200, determine the following:  i: What class of function is this? ii: What quantity can be supplied if the market price is Rs. 30 & Rs. 50? iii: What price would result in 0 unit being brought to the market place? b) A manufacturer of microcomputers produces three different models. The annual fixed cost is \$25 million. The following table summarizes the data.  Microcomputer Model 1 Model 2 Model 3 Wholesale price/unit \$500 \$1000 \$1500 Material cost/unit \$175 \$400 \$750 Labor cost/unit \$100 \$150 \$225 a. Determine a joint revenue function for sale of three different Microcomputer models. b. Determine an annual total cost function for manufacturing the three models. c. Determine the profit function for sales of the three models. d. What is the annual profit if the firm sells 20,000, 40,000, and 10,000 units respectively of three models?

a) A supply function indicates the number of units of a commodity that suppliers are willing to bring to the market place as a function of price consumers are willing to pay. The function is qs = 0.5p2 – 200, determine the following:
i: What class of function is this?
ii: What quantity can be supplied if the market price is Rs. 30 & Rs. 50?
iii: What price would result in 0 unit being brought to the market place?

b) A manufacturer of microcomputers produces three different models. The annual fixed cost is \$25 million. The following table summarizes the data.
Microcomputer
Model 1 Model 2 Model 3
Wholesale price/unit \$500 \$1000 \$1500
Material cost/unit \$175 \$400 \$750
Labor cost/unit \$100 \$150 \$225

a. Determine a joint revenue function for sale of three different Microcomputer models.
b. Determine an annual total cost function for manufacturing the three models.
c. Determine the profit function for sales of the three models.
d. What is the annual profit if the firm sells 20,000, 40,000, and 10,000 units respectively of three models?

Tired of numerous paper assignments?
Rely on us and receive professional paper writing assistance!

## Who We Are

We are a professional website for customized writing. If you searched a question and stumbled into our website, you are in the right place to receive assistance with your coursework.

## Do you handle any type of coursework?

Yes. We have displayed prior orders to demonstrate our experience. We can answer this question for you as we have previously. Please fill out our Order Form so that we may ensure its flawlessness. Correctly completing the order form will help our staff with reference, requirements, and future communication.

## Is it hard to Place an Order?

1. Click on the “Order Now” tab at the top menu or “GET A FREE QUOTE” icon at the bottom and a new page will appear with an order form to be filled
2. Fill in the initial requirements in the small order form located on the home page and press “continue” button to proceed to the main order form or press “order” button in the header menu. Starting from there let our system intuitively guide you through all steps of ordering process. Submit detailed paper instructions, upload necessary files if needed and provide your contact information – you are almost done!
3. Proceed with the payment- click on “PROCEED TO CHECKOUT” at the bottom of the page. From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it. All your payments are processed securely through PayPal. This enables us to guarantee a 100% security of your funds and process payments swiftly.
4. Delivery- Once finished, your final paper will be available for download through your personal dashboard. You will also receive an email notification with a copy of your paper attached to it.