+1-415-315-9853

info@mywordsolution.com

## Economics

 Basic Economics Macroeconomics Microeconomics Business Economics Econometrics International Economics Managerial Economics Game Theory Public Economics

Q1) Exotic Metals, Inc., leading producer of beryllium, which is used in many electronic products. Estimates the demand schedule for its product which is given below:

 Price (\$/Pound) Quantity (Pounds/Period) \$25 \$0 \$18 \$1,000 \$16 \$2,000 \$14 \$3,000 \$12 \$4,000 \$10 \$5,000 \$8 \$6,000 \$6 7000 \$4 8000 \$2 9000

Fixed costs of manufacturing beryllium are \$14000 per pound. Firm's variable cost schedule is as follows:

 Output (Pounds/Period) Variable Cost (Per Pound) \$1,000 \$0 \$2,000 \$10 \$3,000 \$7 \$4,000 \$6 \$5,000 \$5 \$6,000 \$5 \$7,000 \$5.14 \$8,000 \$5.88 \$9,000 \$7.00

a. Determine total revenue and marginal revenue schedules of the firm.

b. Find out average total cost and marginal cost schedules for the firm

c. What are Exotic Metals' profit-maximizing price and output levels for production and sale of beryllium?

d. What is Exotic Metals' profit (or loss) at solution determined in Part c.?

e. Assume that federal government announces it will sell beryllium, from its extensive wartime stockpile, to anyone who wishes it at \$6 per pound. How does this affect solution determined in Part c.? What is Exotic Metals' profit (or loss) under these situations?

Microeconomics, Economics

• Category:- Microeconomics
• Reference No.:- M922996

Have any Question?

## Related Questions in Microeconomics

### Given the following chart answer the questions below

Given the following chart answer the questions below, assuming that all resources and technology are fixed for this farm. Corn(bu)    Soybeans(bu) 20,000             0 16,000             5000 12,000             9000 8,00 ...

### Human relations amp workforce planningpharmanetixfor your

Human Relations & Workforce Planning PHARMANETIX For your final project, you need to write a 10-15 page proposal to me, the Chairman of the Board for Pharmanetix. Here are some helpful hints when writing this proposal: 1 ...

### Httpswwwyoutubecomwatchvkgsiduyw7wwhat was the promise of

https://www.youtube.com/watch?v=KGSID_Uyw7w What was the promise of capitalism? Discuss the important milestones and historical developments in economic theory and specify the contributions of each of the profits.

### Tyler poland is a stock picker responsible for recommending

Tyler Poland is a stock picker responsible for recommending Mexican securities for his brokerage firm's clients. He is often frustrated about the lack of credible information on companies in Mexico. "Everything is always ...

### Discussion forumtopicsanother reason to hate the yankeesand

DISCUSSION FORUM Topics: Another reason to hate the Yankees...and the Red Sox, the Dodgers, the Cardinals, even the Pirates Yankee Stadium and the Power of Sports Monopolies http://www.realclearmarkets.com/articles/2009/ ...

### Question 1 suppose you are given the following information

Question 1: Suppose you are given the following information about an industry: Q D = 8000 - 100p; Q S SR = 20 + 700p; c(q) = 20 + q 2 /20. where q and c (q) stand for a firm's quantity supplied and cost function; Q S SR ...

### Organizational structures please respond to the following

Organizational Structures" Please respond to the following: FOR pro jamila • Watch the video "How to align the organizational structure with the work processes," found at http://www.organizationdesign.net/how-to-align-th ...

### Research topicthis assignment is the first step towards

Research Topic This assignment is the first step towards completing your research paper. For this submission, you will need to find a topic of interest related to race and ethnicity, social change, or both. You may come ...

### Discussion questionread the wall street journal article the

Discussion Question Read the Wall Street Journal article, The Dish on Hotel Air, (Goetz, 1999) and review the Pure Solutions website related to ultra clean rooms, assess whether you think the hypoallergenic room concept ...

### Economic paper projectthe microeconomic paper tests your

Economic Paper Project The Microeconomic Paper tests your ability to apply economic principles to a business decision. Select one situation from the items outlined below: A toD. Complete the paper on the selected situati ...

• 13,132 Experts

## Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

### A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

### What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

### Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

### Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

### Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate