Exotic Metals, Inc., a leading manufacturer of beryllium, which is used in many electronic products, estimates the follo

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Exotic Metals Inc A Leading Manufacturer Of Beryllium Which Is Used In Many Electronic Products Estimates The Follo 1 (68.79 KiB) Viewed 80 times

Exotic Metals Inc A Leading Manufacturer Of Beryllium Which Is Used In Many Electronic Products Estimates The Follo 2 (79.58 KiB) Viewed 80 times

Exotic Metals, Inc., a leading manufacturer of beryllium, which is used in many electronic products, estimates the following demand schedule for its product. Find the total revenue and marginal revenue schedules for the firm and complete the following table. Price Quantity Total Revenue ($/Period) Marginal Revenue ($/Period) ($/Pound) 25 (Pound/Period) 0 0 18 1,000 18,000 18.00 16 2,000 32,000 14.00 3,000 42,000 10.00 4,000 48,000 6.00 5,000 50.000 2.00 6,000 48,000 -2.00 7,000 42,000 -6.00 8,000 32,000 -10.00 9,000 18,000 -14.00 Fixed costs of manufacturing beryllium are $14,000 per period. The firm's variable cost schedule is as follows: Determine the average total cost and marginal cost schedules for the firm and complete the following table Total Cost Output (Pound/Period) 0 Variable Cost (Per Pound) 0 ($/Period) Marginal Cost ($/Period) 0 1,000 10.00 24,000 24.00 2,000 8.50 3,000 7.33 4,000 6.25 5,000 5.40 6,000 5.00 1.000. ÖNIG 14 12 10 8 64N
6,000 48,000 -2.00 7,000 42,000 -6.00 8,000 32,000 -10.00 2 9,000 18,000 -14.00 Fixed costs of manufacturing beryllium are $14,000 per period. The firm's variable cost schedule is as follows: Determine the average total cost and marginal cost schedules for the firm and complete the following table. Output Variable Cost (Per Pound) (Pound/Period) Total Cost ($/Period) Marginal Cost ($/Period) 0 0 0 1,000 10.00 24,000 24.00 2,000 8.50 3,000 7.33 4,000 6.25 5,000 5.40 6,000 5.00 7,000 5.14 8,000 5.88 9,000 7.00 Exotic Metals maximizes profits when the price is $10.00 per pound and the output level is 5,000 pounds per period. What is Exotic's profit (or loss) at the profit-maximizing output level? $9,000 Suppose that the federal government announces it will sell beryllium, from its extensive wartime stockpile, to anyone who wants it at $5.98 per pound. Under these conditions, Exotic Metals maximizes profits by producing pounds per period. 8 6 4 2