The Zinger Company Manufactures and Sells a Line of Sewing

question 11

Essay

The Zinger Company manufactures and sells a line of sewing machines.Demand per period (Q)for a particular model is given by the following relationship:
Q = 400 - .5P
where P is price.Total costs (including a "normal" return to the owners)of producing Q units per period are:

TC = 20,000 + 50Q + 3Q²
(a) Express total profits (π) in terms of Q.
(b) At what level of output are total profits maximized? What price will be charged? What are total profits at this output level?
(c) What model of market pricing has been assumed in this problem? Justify your answer.

---

Definitions:

Office Clipboard

A feature in Microsoft Office applications that provides a temporary storage area for up to 24 items copied or cut from documents, allowing for easy access and reuse.

Pasting

The action of inserting data from the clipboard into a new location within a document or file.

MLA Style

Guidelines established by the Modern Language Association for the drafting and formatting of research papers and reports.

Works Cited Page

A section at the end of a document listing all the sources referenced, adhering to a specific citation format.