Even complicated and confusing topics will be easily developed and covered if you request our help writing an essay. Place an order today!

Consider a price-taking firm in the competitive industry for raw chocolate. The market demand and supply functions for a raw chocolate are estimated to be:CHOC Demand Q= 10,000 -10,000P + 2MCHOC Supply Q = 40,000 + 10,000P – 4,000P(1)where Q is the number of 10 pound bars per month, P is the price of a 10 pound bar of raw chocolate, income is M, and P is the price of cocoa (the primary ingrediant input) The manager of ABC cocoa products uses time-series data to obtain the following forecasted values of M and P(1) for 2005:M = $25,000 and P(1) = $10The manager of ABC Cocoa also estimates its total variable cost function to be:TVC = 3.0Q – .0027Q^2 + .0000009Q^3Fixed Costs at ABC will be $1,600 in 2005.A) Determine the equilibrium price and quantity of raw chocolate in 2005.B) Calcualte the price elasticity of demand at the equilibrium price and quantity. C) Should ABC cocoa produce or shut down? ExplainD) if it produces, what should the optimal price level of production for the firm?E) Calculate Economic profit for ABC.

testimonials icon
  Proposal Development PaperDetails:Write a proposal paper (1,250-1,500 words) for a major...
testimonials icon
Running Head: MARKETING PLAN1MARKETING PLANStudents NameProfessors NameCourse TitleDateMARKETING PLAN2Hypothetical Marketing Plan for Supper Electron...
testimonials icon
/*! elementor - v3.6.5 - 27-04-2022 */ .elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading...
testimonials icon
Case Study: Harley Davidson (HD)Read the case study located on page 176 of the section titled Case Studies in your textbook...
testimonials icon
"Changing Marketing Strategy" Please respond to the following:Chose a company that you feel needs...
testimonials icon
  "Are you looking for this answer? We can Help click Order Now"...
testimonials icon
The mission of law enforcement agencies across the United States is to serve and protect. Many agencies use paramilitary tactics to address the cri...
testimonials icon
Depressive Disorders Race or ethnicity: WhiteCountry of origin: EuropeSocial-economic ba...
testimonials icon
Running Head: EFFECTIVE BUSINESS COMMUNICATIONEFFECTIVE BUSINESS COMMUNICATIONCapella University - MBA6900MBA CapstoneInstructor: Dr. SnarskiNovember...
testimonials icon
/*! elementor - v3.6.5 - 27-04-2022 */ .elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading...
testimonials icon
     i upload case study topic please find it and here is template of case study. i need two pages.  Project Miles...
testimonials icon
It is important to identify and understand your own family culture in order to be able to understand and respect other cultures. Interview a fam...

Other samples, services and questions:

Calculate Price

When you use PaperHelp, you save one valuable — TIME

You can spend it for more important things than paper writing.

Approx. price
$65
Order a paper. Study better. Sleep tight. Calculate Price!
Created with Sketch.
Calculate Price
Approx. price
$65