Determine what is the firms marginal revenue

Assignment Help Econometrics
Reference no: EM13238450

a competitive firm can sell all of its output for the market price of $5. its short run cost function is TC= 1000 + Q + 0.005Q2. this cost function has marginal cost given by MC= 1 + 0.01Q.

what is the firms marginal revenue?

Reference no: EM13238450

Questions Cloud

What is the height of the tree : A physics student standing on level ground finds that an imaginary line drawn from his eye to the top of a tree, If his eyes are 5.8 feet above ground, what is the height of the tree
Calculate the real return of the bond one year ago : One year ago your bought a bond for $10,000. You received interest of $400 at the end of the year, as well as your $10,000 principal. If the inflation rate over the last year was five percent, calculate the real return.
Calculate the tension of the string : There are two pith balls that are suspended from a pendulum and repel each other, calculate the tension of the string and the mass of the balls
Find what nominal annual interest rate will be charged : A table saw costs $175 at a local store. You may either pay cash for it or pay $35 now and $12.64 a month for 12 months beginning 30 days hence. If you choose the time payment plan, what nominal annual interest rate will you be charged
Determine what is the firms marginal revenue : a competitive firm can sell all of its output for the market price of $5. its short run cost function is TC= 1000 + Q + 0.005Q2. this cost function has marginal cost given by MC= 1 + 0.01Q.
What are the smaller and larger values : Two identical conducting spheres, fixed in place, attract each other with an electrostatic force of -0.6311 N when separated by 50 cm, center-to-center, What are the smaller and larger values
Compute the mass percent of copper sulfate pentahydrate : Calculate the mass percent of copper(II) sulfate pentahydrate in the recovered sample.
What is the period of the orbit of the negative charge : A negative charge orbits a positive charge. The orbit is a perfect circle, What is the period of the orbit of the negative charge
What is the gini coefficient associated with the economy : Consider a simple economy where 90 percent of citizens report an annual income of $10,000 while the remaining 10 percent report an annual income of $110,000. What is the Gini coefficient associated with this economy

Reviews

Write a Review

Econometrics Questions & Answers

  How many visits will he-she provide to public patient

The state Medicaid agency has set a rate of $5.50 per visit for all Medicaid enrollees who visit a physician. Each physician also has private paying patients. The demand curve for each physician can be characterized as follows

  Which alternative should be selected base on internal return

At the end of their useful lives, both A and B may be purchased with the same cost, benefits, and so forth. If the MARR is 12%, which alternative should be selected based on the internal rate of return using the least common multiple approach

  How large of a rebate should the company offer to a buyer

A manufacture has been selling 1700 television sets a week at 420dollars each. A market survey indicates that for each 21 -dollarrebate offered to a buyer, the number of sets sold will increase by210 per week.

  What nominal and effective rates of return per year

A 12% $50,000 bond is offered for sale at $45000. If the bond interest is payable monthly and the bond matures in 20 years, what nominal and effective rates of return per year will the purchaser make on the investment

  Identify five distinct points on the budget line

Consider two goods, Gorillas (G) and Chimpanzees (C). Your utility function for gorillas and chimpanzees is given by U(G,C)=ln(G)+C. Gorillas cost $10 each, and Chimpanzees cost $4 each. You currently have $200 to spend.

  What are the interest rates today on a 2-year bond

assume that the interest rate on a one year bond is 7 percent today and the interest rates expected on one year bonds in the future are 6 percents in 1-year, 5 percent in 2-year , and 4 percent in three years bond. according to the exceptions theo..

  How much should the store charge for each rental

A local video store estimates their average customer's demand per year is Q = 7 -2P, and knows the marginal cost of each rental is $0.5. How much should the store charge for each rental if it engages in optimal two part pricing

  Determine what is equilibrium price and output

Demand for flower bouquets in a suburban town is described by: QD = 50 - 5 P + 2 Y, where Q is quantity, P is price per unit, and Y is an index of consumer income. Similarly, supply is described by QS = 10 P - 5. a) If Y = 100, what is equilibrium..

  Determine the value of intermediate goods produced and sold

Explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of GDP, but the value of intermediate goods produced and not sold is included directly as part of GDP.

  Concentration rate and the herfindahl-hirschman index

If a corporation operates in a highly competitive industry and competes against many other companies. In the last some years, many new companies have entered the industry and firm now earns a return on investment very close to prevailing interest rat..

  Itemize the adjustments and the corresponding value.

The Columbia Company manufactures a battery-powered saw. Due to increased demand during the past few years, Columbia has increased plant capacity for the saw to 300,000 units. The firm's expected output and sales for the next year in their normal..

  What is the steady state level of capital per worker

Now, suppose that initially z=2 and the economy is in the steady state you calculated in part a. . Then suppose that z falls to 1.8 permanently. What is the new steady state? Determine capital per worker znd output per worker in each of the first ..

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!

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