Conigan Box Company produces cardboard boxes. The market is highly competitive, with boxes currently selling for...

Conigan Box Company produces cardboard boxes. The market is highly competitive, with boxes currently selling for $10 per box. Conigan's total curves are:
TC = 10 + 4q + q²

where Q is measured in thousand box bundles per year.
a. Calculate Conigan's profit maximizing quantity, q=??? What is the firm profit? profit=??? (please enter integers, if it's a negative number, for example, please enter -5)
b. Analyze Conigan's position in terms of the shutdown condition. Should Conigan operate or shut down in the short run? ??? Please enter "operate" or "shut down"

Solutions

Expert Solution

Rahul Sunny answered 1 year ago

Next > < Previous

Related Solutions

Kiki Box Company produces cardboard boxes that are sold in bundles. The market is perfectly competitive,...

Kiki Box Company produces cardboard boxes that are sold in bundles. The market is perfectly competitive, with boxes currently selling for price of $100 per bundle. Kiki’s total and marginal cost, where Q is measured in number of bundles per year, are: TC = 2,000,000 + 0.001Q2 MC = 0.002Q Calculate Kiki’s profit maximizing quantity. Calculate total profits earned by this firm. Identify the fixed cost.

Cardboard boxes are produced in a perfectly competitive market. Each identical firm has a short-run total...

Cardboard boxes are produced in a perfectly competitive market. Each identical firm has a short-run total cost curve of TC = 2Q^3 - 12Q^2 + 10Q + 20 where quantity is measured in thousands of boxes per week. The marginal cost of production is given by MC = 6Q^2 -24Q + 10. Calculate the price below which a firm in the market will not produce any output (the shut-down price).

Two cardboard boxes full of books are in contact with each other on a table. Box...

Two cardboard boxes full of books are in contact with each other on a table. Box H has twice the mass of box G (20 kg). If you push on box G with a horizontal force 250 N, then box H will experience a force of (assume a smooth surface)

A Packaging Company produces boxes out of cardboard that has a specified weight of 30 oz....

A Packaging Company produces boxes out of cardboard that has a specified weight of 30 oz. It is known that the weight of a box is normally distributed with standard deviation σ =1.3 oz. A random sample of 16 boxes yielded a sample mean of 30.7 oz. At 5% level of significance, test the claim that the mean weight of a box is more than 30 oz. State what is given, what are the hypothesis, what is the test statistic,...

The Packaging Company produces boxes out of cardboard and has a specified weight of 8 oz....

The Packaging Company produces boxes out of cardboard and has a specified weight of 8 oz. A random sample of 20 boxes cans yielded a sample mean of 7.5 oz. Given the data's distribution is normally distributed and standard deviation is 1.4 oz, for a 95% confidence interval, what is the lower confidence limit? What is the standard error? What is the estimated margin of error?

The Packaging Company produces boxes out of cardboard and has a specified weight of 8 oz....

The Packaging Company produces boxes out of cardboard and has a specified weight of 8 oz. A random sample of 20 boxes cans yielded a sample mean of 7.5 oz. Given the data's distribution is normally distributed and standard deviation is 1.4 oz, for a 95% confidence interval, what is the critical statistic? A Chip Company claims that there is 32 oz in every bag of chips with a specified population standard deviation of 1.5. A sample of 40 bags...

Boxes Ltd manufactures two types of boxes, plastic and cardboard, and currently it applies manufacturing overhead...

Boxes Ltd manufactures two types of boxes, plastic and cardboard, and currently it applies manufacturing overhead to all units at the rate of $50 per direct labour hour. Production information is as follows: Product Information Plastic box Cardboard box Direct material cost per unit $20 $10 Direct labour cost per hour $20 $10 Number of units produced 100,000 200,000 The management accountant Sally suggests that Activity-Based Costing (ABC) is more appropriate for the firm. She suggests the firm’s overhead...

What is the Process Strategy of a cardboard boxes company ?

The firm, competing in a very highly competitive market, is manufacturing and selling headphones. The firm’s...

The firm, competing in a very highly competitive market, is manufacturing and selling headphones. The firm’s total revenue and cost functions are: Rq=q3+14q2+35q+40 Cq=13q3+20q2+19q+15 How many headphones must the firm manufacture and sell to maximize profits? What will be the price the firm must charge to its customers to maximize profits? What will be the average revenue generated for each unit sold and what will be the average cost of producing a headphone?

What are aggregate planning and scheduling in cardboard boxes company?

Subjects