User Account

All Pages

Current market price for the product

Assignment Help Business Management
Reference no: EM131106028

The total cost of production of a firm in a competitive market is TC(Q) = 2,500 + 15 Q + 36 Q2. The current market price for the product that the firm sells is P = $13.5. Based on this information, the level of output that maximizes profits is

  • 1 unit
  • 2 units
  • 4 units
  • 0 units

Reference no: EM131106028

Questions Cloud

Prepare colsons journal entries : The Colson Company issued $300,000 of 10% bonds on January 1, 2011. The bonds are due January 1, 2016, with interest payable each July 1 and January 1. The bonds are issued at face value. Prepare Colson's journal entries for
Journalize the may transaction for purchase of raw materials : Journalize the May transactions for purchase of raw materials. Journalize the May transactions for factory labor costs. Journalize the May transactions for manufacturing overhead costs incurred. Journalize the May transactions for the assignment of d..
The steady-state probability distribution : Expand the MM1 Template.xlsx file so that the steady-state probability distribution of the number in the system is shown in tabular form and graphically.
Use a control volume analysis of mass : Water in a cylindrical container is hanging by a rod from the ceiling at point O shown in the figure. The container is initially full, and initially displaced 20 degree . There is a hole in the bottom where water pours out and the top of the containe..
Current market price for the product : The total cost of production of a firm in a competitive market is TC(Q) = 2,500 + 15 Q + 36 Q2. The current market price for the product that the firm sells is P = $13.5. Based on this information, the level of output that maximizes profits is
How might this affect production and distribution of good : Compare and contrast the organizational structure of the mafia with that of a motorcycle gang. Do you think that drugs are their main source of income? How do they distribute their goods?
What is the difference between a risk and an anomaly : What is the difference between a risk and an anomaly? Who determines the difference - does there appear to have been a structured process in place for risk identi-fication at either NASA or Thiokol?
Works efficiently in the absence of externalities : The government has identified a situation where the production of a good is creating a negative externality. The government should enact legislation to require firms to internalize the externality: Which of the following characteristics best defin..
What is the present value of a security : What is the present value of a security that will pay $5,000 in 20 years if securities of equal risk pay 7% annually?

Reviews

Write a Review

Business Management Questions & Answers

  Leadership attributes of president reaganlooking for

leadership attributes of president reaganlooking for guidance to help complete this. i would like you to address the

  Description of the venture

After reading the below Background and understanding the requirements, just answer sections 2 and 3 2- Description of the Venture: a. Identify the key issues in the scenario and the goals of your expansion 3- Literature Review:

  Question regarding the audience awareness

In Lesson 2, in the 2.1 Introduction section, we discussed that there is a process to writing, but that there is no one specific, start-to-finish process. Instead, the process is cyclical as we learned throughout the lesson. Additionally, you lear..

  Create a marketing plan for a hypothetical product-based com

Create a marketing plan for a hypothetical product-based company. You will compile information on the company's background information, an environmental analysis, your company's short and long-term goals, and a SWOT analysis. 1.Write an introduction ..

  Why consumers may have protection through state statutes

the store had only two, out-of-style suits for sale at this price. Their other wool suits started at $175. If Nunnsky’s acted in bad faith in its advertising, consumers may have protection through state statutes.

  Define the principles of fee-for-service plans

Define the principles of fee-for-service plans and managed care plans? What are the similarities?

  Capital management practice analysis - automobile industry

Get a list of best practices for talent acquisition and the top five best human capital management practices within the automobile industry.

  Describe how a marketing strategy can provide advantage

Describe how a marketing strategy can provide an organization a sustained competitive advantage in the market place.

  Major and minor league baseball teams.

All-Star Bat Manufacturing, Inc., supplies baseball bats to major and minor league baseball teams.

  Mayfair corporation - downsizing decision making

Evaluate whether the plan for downsizing the current cafeteria operation would be acceptable to Mayfair Corporation. Show your calculations.

  Description of the basic purpose or focus of the article

Complete Bibliographical entry - Utilize a complete bibliographical format that conforms to either MLA, Description of the basic purpose or focus of the article and the research question addressed - Concisely define the purpose or goal of the resea..

  Power and politics in organizationslooking for ideas on how

power and politics in organizationslooking for ideas on how to compare and contrast power and politics in organizations

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd