Assume a competitive firm faces a market price of $200, C = 13q3 + 4q + 750 MC = q2 +4 Profit maximizing output = 14 What is the firm's profit maximizing price?
Q: If Charlie invests $50,000 in a cheese company today and is offered a 5% interest rate. How much…
A:
Q: В. L= 25.
A:
Q: How and why will switching from a flexible to fixed exchange rate regime affect exports as a…
A: It is the rate at which one country's currency may be exchanged for another. For example, if one…
Q: In microeconomics, profit maximization means that: Firms should produce up to the last quantity…
A: Profit maximization refers to a process that which businesses go through to guarantee that they have…
Q: A monopolist's demand curve: O is perfectly elastic. is the same as the market demand curve. O is…
A: Monopoly is defined as a market structure in which there are no substitutes for the product and the…
Q: How and why will switching from a fixed to flexible exchange rate regime affect exports as a…
A: It refers to the rate at which the currency of one nation can be exchanged for another. For example,…
Q: We have the following information about a small country. Civilian Population = 300,000 Unemployment…
A: The given information are:- Civilian Population = 300,000 Unemployment Rate = 15.00% Labor Force…
Q: : An economy is described by the following equations: Z=C+l+G C=600+0.6(Y-T) I=300 G=700 T=600 ) :…
A:
Q: small town.He sells whiskey in one-ounce glasses. For simplicity, let’s assume it doesn’t cost Jack…
A: Both part solved below,
Q: ordered from poorest to richest, and Y is the cumulative percentage of income, then equality of…
A: For Gini Coefficient we need to find are A & Area (A +B ) . Where , area A =ar (A + B) - arB…
Q: QUESTION 2 What uniform series over periods (1,8) years is equivalent at 15 % compounded annually to…
A:
Q: In most markets, independents are the most common form of retailer. Why is this the case?
A: There are various types of market where Retailer , wholesale sale their products either homogeneous…
Q: Commodities a) Rely heavily on advertising to see their sales grow. b) Have prices that are…
A: Commodities include raw materials and equipments used by producers for producing other goods and…
Q: Characteristics of oligopoly An oligopolistic market structure is distinguished by several…
A: Oligopoly market is one of the forms of market where firms face difficulties in entry and exit.
Q: Problem 2: An economy has the following sectors: private households, government, grape producers and…
A: Gross domestic product, or, GDP refers to the value of all the final products that is manufactured…
Q: #4 Use the IS-MP model to show what happens when the Federal Reserve raises the federal funds…
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: Best firms adopt which of the following Corportate Social Responsibilty strategies? O Proactive…
A: Corporate social obligation, or CSR, is a type of self-guideline that mirrors a business'…
Q: Suppose that the City of Nairobi is planning a bid to host the 2032 Olympics and Kas estimated the…
A: Given Estimated benefits at the end of 1st year =$300 million Estimated benefits at the end of 2nd…
Q: For the cost function C(Q) = 200+3Q2+4Q3, what is the average fixed cost of producing 10 units of…
A: We have total cost function: C(Q)=200+3Q2+4Q3 ... (1) We have to calculate average fixed…
Q: 1) A monopolist faces a demand curve Q = 600 – 10P and has the total cost curve TC(Q) = 200 + 20Q +…
A: Q = 600 - 10P P = 60 - Q/10 TC = 200 + 20Q + 2Q2
Q: 1. Consider the stabilization policy. In the cases of events below, answer how the event would…
A: A government's stabilisation policy is a strategy aimed at maintaining a healthy level of economic…
Q: 5. The following tables illustrate Jane's utilities from watching first-rùn movies in a theater and…
A:
Q: A. Using the average price for all three goods, real GDP in 2012 is $___. (Enter your response as an…
A: Q 2012 P 2012 Q 2013 P 2013 Cars 12 $3000 14 $4000 Computers 4 $1100 7 $400 Oranges…
Q: b) Area G
A:
Q: Discuss the type of price control that can be implemented by a government to protect vulnerable…
A: Price controls are government-imposed minimum and maximum prices for specific goods and services..…
Q: Consider the following fixed proportions technologies: Technology A uses 3 units of labour and 6…
A: Technology A = 3 Labour and 6 capital = 10 unit of output Technology B = 8 Labour and 4 capital =…
Q: A monopolist's demand curve: O is perfectly elastic. O is the same as the market demand curve. O is…
A: A monopoly is defined as a market structure in which there is only one seller, due to which it…
Q: What is the present worth of 5 payments of $700 if the interest rate is 5% and the first payment…
A: Given time Payment cash flow 0 $700 1 $700 2 $700 3 $700 4 $700 We have to calculate…
Q: flowing into Bangladesh burst their banks; the government is grappling with a disaster whose size it…
A: DISCLAIMER “Since you have asked multiple question, we will solve the first 3 question for you. If…
Q: Which of the following statements is (are) correct? (x) Ann decides to open her own business…
A: Dear Student as you have posted multiple questions, but according to the policies and guidelines of…
Q: (a) Draw and label the consumer's budget constraint, with x, on the horizontal a the vertical axis.…
A: All answers given below,
Q: The Figure above shows statistics on Real GDP in Qatar ($billions) from 2012 to 2020, in addition to…
A: GDP, that is Gross Domestic Product is an important indicator of economic development. It is the…
Q: U = 340x1 +960x2 + 2x1x2 – 2x – /2, when the weekly amount of leisure is x1 = 132 and earned income…
A: Since you have posted multiple subparts, as per guidelines we can solve only the first 3 subparts.…
Q: Two firms producing identical products may merge due to the existence of : Economies of scope…
A: Under certain circumstances, it is more efficient for just one firm to exist in the market.
Q: (b) State and explain in words what happens to the real interest rate, national saving, investment,…
A: The answer is as follows:-
Q: According to Galbraith, why might modern corporations not attempt to maximize profits? a. They are…
A: The Modern Corporation is characterized by the separation of ownership and control in business…
Q: d. If her marginal costs increase to MC2 will she reduce her output? (Click to select)
A: Given,
Q: The next three questions pertain to the following normal-form game played by Pepsi and Coke: Coke…
A: The given game is a prisoner dilemma type of game.
Q: of 3 ZOOM 3. Draw a graph with an indifference curve and a budget line for two goods, movies…
A: Indifference curves are defiend as the locus of all the points with equal level of satisfaction.Some…
Q: Suppose in a test of hypothesis the probability value (p-value) is 0.0788. Then you should, a not…
A: Given the p-value for test hypotheses is 0.078
Q: the demand function and total cost function for a product are 6P = 660 − 3Q, TC = 80 − 20Q2 + 600Q…
A: * SOLUTION :- (3) Given that, the demand function and total cost function for a product are 6P =…
Q: What are some of the barriers to entry that can keep the number of sellers small in an Oligopoly?…
A: Oligopoly is defined as that market structure which has few seller selling the differentiated or…
Q: Compare the pros and cons of two economic systems Communist and Socialism?
A: An economic system, is a method of producing, allocating resources, and distributing commodities and…
Q: One of the following statements about the theory of economic games is not correct. Select the one…
A: Game theory basically refers to the study of how interacting decisions of economic actors generate…
Q: Short run product and cost Scenario 6: a. Use a numerical table and show different worker and output…
A: Short-run cost is the cost which has short term implication in the production process.
Q: in détermining the long-run profit potential in mono competition is: Lutfen birini seçin: O a the…
A: Monopolistic competition describes an industry in which a large number of enterprises compete for…
Q: A company manufactures and sells x television sets per month. The monthly cost and price-demand…
A:
Q: Do you think international trade leads to not only the commodity price equalization but the factor…
A: International trade agreements govern the exchange of goods and services between two or more…
Q: How would the long-run equilibrium output change if the price level fell? Decrease, Increase or No…
A: The aggregate supply is the total amount of services and commodities that firms in an economic plan…
Q: Consider the table of prices and the quantity demanded by Rolando Mota whose behavior has been…
A: Given information
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- Assume a competitive firm faces a market price of $100, a cost curve of: C = 0.25q + 50q + 1,600 and a marginal cost curve of: MC = 0.50g + 50. The firm's profit maximizing output level is 100.00 units, the profit per unit is $9.00, and total profit is: $900.00. However, if the firm wanted to maximize the profit per unit, how much would it produce? It would produce units. (round your answer to two decimal places) If the firm produced this output level, what would be the profit? Its profit would be S. (round your answer to the nearest penny)(Enter your At a price of $18 per CD, a firm sells 40 CDs. If the slope of the demand curve is - $0.15, marginal revenue for the 41st CD is $ response rounded to the nearest penny.) The firm should cut the price to sell one more CD if the marginal cost is less than $. (Enter your response rounded to the nearest penny.)The demand for the book is P = 82 - 3Q. A bookstore can order copies that will cost $2. If the bookstore orders 18 books, what is the total profit? Enter as a value.
- A company is the sole producer of holographic TVs. The daily demand for these TVs is Q=10,200 - 100P, where Q is the quantity demanded and P is the price. The cost of producing the TVs is (note that this implies that marginal cost is equal to Q, MC = Q). What is the company’s total revenue schedule? What is the company’s marginal revenue schedule? What is the profit maximising number of TVs that the company must produce each day? What price should it charge per TV? What is the daily profit?A firm operates two plants. The total cost schedules for the respective plants are TC1 = 5*Q1 + .1*Q12 and TC2= 2*Q2 + .1*Q22. The firm’s demand schedule is Q = 160 – 10*P. What is the profit maximizing profit for the firmIn order to maximize profit, the firm will choose to produce where marginal revenue is equal to marginal cost
- The graph below shows a competitive firm's demand and cost curves. Assume that the firm produces at the profit-maximizing output level. What is the firm's profit? [Recall that in perfect competition a firm’s demand curve is a horizontal line drawn at the market price level and that P=MR=D.] Group of answer choices $144 $720 $576AVC=10-0.03Q+0.00005Q2TFC=60If P=10, what is the profit maximizing level of output?A town has 8 restaurants all selling the product "dish of the day" in a perfectly competitive market. The weekly demand for "dish of the day" has been estimated to: D: Q = 4,620 – 30P. The total costs of each restaurant are given by: TC = 0.1q², %3D where q is the restaurant's weekly production of "dish of the day". b) Show that the market supply curve can be described by: S: P = 0.025Q. c) Calculate the equilibrium price and equilibrium quantity in the market.
- A firm has revenue given by R(q)=220q-3q^2 and its cost function is C(q)=100+10q. What is the profit-maximizing level of output? What profit does the firm earn at this output level? The firm maximizes profit by producing q=? (Enter your response as a whole number)A firm operates two plants. The total cost schedules for the respective plants are TC1 = 5*Q1 + .1*Q12 and TC2= 2*Q2 + .1*Q22. The firm’s demand schedule is Q = 160 – 10*P. What is the profit maximizing output for the firm?Refer to the figure above. If this firm decides to operate and is producing the profit-maximizing quantity, then the firm's profit will be: $40 $0 - $40 $240