Calculate the consumers' surplus at the unit price p = 6 for the following demand equation. p=18-2q?
6=18-2q q=6 Consumer Surplus=(1/2)*6*(18-2*6) CS=3*(6) CS=18
How do i calculate the equilibrium price and quantity?
For Example, Price Quantity supplied quantity demanded ($ per unit) $4 50 200 $5 75 175 $6 100 150 $7 125 125 $8 150 100 $9 175 75 a. According to the information above, in the absence of an excise tax, what is the equilibrium market price and quantity? b. Suppose that the government decides to subject producers of this item to a unit exise tax equal to $2 per unit sold (i.e., suppliers now want $2 more for each level of quantity supplied). What is the new equilibrium market price and quantity? c. what portion of the tax is paid by roducers? What portion of the tax is paid by customers?
How do I calculate corrugated carton costs?
with packaging materials (and most other things), the cost of goods is the total of material cost, labor cost, overhead and profit. Material cost is based on "blank size" (you need to pay for the corrugated that is cut and thrown away). Assigning a cost per square inch will get you in the ballpark, but the other factors will skew the final cost. (Expect to pay more for two boxes made from 100 square inches of board than you pay for on box made from 200 square inches).
How can I calculate the price of a corrugated box?
First, You have to calculate raw material consumption, vendor time, shipping charges and including your profit on per corrugated boxes.
A price p (in dollars) and demand x for a product are related by 2 x^2 + 2 xp + 50 p^2 = 23000.?
When p = 20: 2x^2 + 40x + 50(20)^2 = 23,000 2x^2 + 40x - 3000 = 0 x^2 + 20x - 1500 = 0 (x + 50)(x - 30) = 0 x = 30 since a negative demand of x = -50 doesn't make sense. Differentiating with respect to time: 4x(dx/dt) + 2x(dp/dt) + 2p(dx/dt) + 100p(dp/dt) = 0 Solving for dx/dt keeping in mind that dp/dt = $2/month: 4(30)(dx/dt) + 2(30)(2) + 2(20)(dx/dt) + 2000(2) = 0 dx/dt = -25.75 units/month
Approximately how many empty 500 ml plastic water bottles does it take to make one pound?
I can only assume you do not have a calculator or scales available. Unfortunately nor do I so here goes. Let's say there is roughly ten grams of PET per bottle (and that could be an over estimate, I'm a bit out of date on typical weights).That means three bottles make one ounce. 16 ounces in one pound so 16x3=48. Let's say around 50 bottles per pound. I'm not counting the cap, retaining ring or label. I need to get some scales and weigh one bottle. So regarding redemption that is $400 back to you. An investment. Now if I've over estimated weight you can adjust accordingly. So say they are 5 grams each then you end up with $200. I think recycled PET sells for around 80 cents a pound, which is about 10 cents more than new PET. Unfortunately. You might want to consider buying a compactor. That's a lot of bottles.
What are the factors that determine the polymer prices?
The research on determinants for plastic pricing – which was carried out by Fathom Consulting – explains that virgin plastics are a globally traded commodity and, therefore, ultimately determined by their production costs.Using virgin and recovered PET and HDPE price in the US and Europe as indicators, as well as PET and HDPE prices in UK, the report claimed that the price of feedstock, such as crude oil, is key in production costs, and that the price of recovered plastics is determined by the price of virgin plastic.The research found that companies attempt to buy recovered material to replace expensive virgin plastics when the price of oil rises, and use less when the price of oil is lower to manufacture virgin material. The report states that this is not how an efficient market should operate, with recovered plastics ultimately being tied to the cost of raw materials.The document notes: “The markets for recovered plastics are still immature and small relative to the size of the market for virgin plastics. As a result, recovered plastics prices are not determined by production costs as one would expect in an efficient market. Instead, recovered plastics prices are pegged to the price of virgin plastics in the long run.”Overall, the WRAP commissioned document insinuates that the outlook for UK recovered plastics is determined by four factors: crude oil prices, the global economy's impact on demand for virgin plastics; the Chinese economy and the growth of industries intensively using plastics in goods; and regulation.So that the price is not simply determined by processing charges it depends on these thind also.
The price-demand and cost functions for the production of microwaves are given as?
p=270-x/90 and C(x)=90000+90x where is the number of microwaves that can be sold at a price of p dollars per unit and C(x) is the total cost (in dollars) of producing x units. (A) Find the marginal cost as a function of x C''(x)= B)Find the revenue function is terms of x. R(x) C)Find the marginal revenue function in terms of x R'(x)= D)Evaluate the marginal revenue function at x=1500 R'(1500)= E)Find the profit function in terms of x P(x)= F)Evaluate the marginal profit function at x=1500 P'(1500)=
Price Elasticity given a demand function?
P = 0.45 Pp = 0.31 Q = 1'275 (putting data into formula Q=1200-9.6P+.... ) Y = 371.49 E = (δQ / δP) * (P/Q) = -9.6*0.45/1'275 = -0.121976471 Ep = (δQ / δPp) * (Pp/Q) = 16.2*0.31/1'275 = 0.003938824 Ey = (δQ / δY) * (Y/Q) = 0.2*1'275/1'275 = 0.058272941