User Account

All Pages

Find the shut-down price

Assignment Help Microeconomics
Reference no: EM13877125

The total cost function for a noncompetitive firm is given as
TC = 2Q3:- 25Q2:+ 150Q + 400

Assume the market demand function is

P = 5000 - 30Q + 0.2Q2:

Q 62.5

(a) Determine the short-run profit maximizing level of output for the firm and the market price.

(b) Find the normal profit level of output for the firm and the market price.

(c) Find the shut-down price.

Reference no: EM13877125

Questions Cloud

Twitter could form a partnership with snapchat : If Twitter could form a partnership with SnapChat, Instagram or Facebook, which one would they chosse and why? How would it help to grow thw business?
Calculate the series reactance in ohms : a. Calculate the series reactance in ohms as referred to (i) the low-voltage terminal and (ii) the high-voltage terminal.
Why is it advantageous for firms to organize : 1 Why is it advantageous for firms to organize themselves as a set of separate legal entities? How do consolidated financial statements benefit these firms?2 Differentiate between a tax credit, a tax treaty, and a deferral principle. What is their im..
Single-phase transformer : The nameplate on a 50-MVA, 60-Hz single-phase transformer indicates that it has a voltage rating of 8.0-kV: 78-kV. An open-circuit test is conducted from the low-voltage side, and the corresponding instrument readings are 8.0kV, 62.1A, and 206kW. ..
Find the shut-down price : The total cost function for a noncompetitive firm is given as TC = 2Q3:- 25Q2:+ 150Q + 400 Assume the market demand function is P = 5000 - 30Q + 0.2Q2: Q 62.5- Find the shut-down price
What is ai : Briefly answer the following questions based on the DSS handout What is AI? Give an example Explain the 4 roles of DSS?
What is meant by transparency : What is meant by "transparency" in the context of global business? Check the Web site of Transparency International and compare corruption indices across countries.
Three-phase synchronous generator : The manufacturer's data sheet for a 26-kV, 750-MVA 60-Hz three-phase synchronous generator indicates that it has a synchronous reactance Xs = 2.04 and a leakage reactance Xal = 0.18, both in per unit on the generator base. Calculate
Calculate the companys preliminary net income : For each of the transactions, prepare accrual basis journal entries and determine whether the accounting equation remains in balance and debits equal credits after each entry. Also, calculate the company's preliminary net income.

Reviews

Write a Review

Microeconomics Questions & Answers

  How does the theory of efficient production apply to manager

How does the theory of efficient production apply to manager of government bureaus or department that are not run for profit How about nonprofit club that collect enough dues from their members to cover the cost of operation

  Perform the cost-benefit analysis of obtaining graduate

provide a cost-benefit analysis for a company which has to decide whether to hire more staff or hire temporary workers

  Describe that theory and explain why it fits the situation

If the way wages were fixed in that job does not correspond to the neo-classical theory, is there another theory, among the ones we talked about in class, that would explain it better (i.e. another theory that could explain the way wages were set)..

  Consider a region with two export products

Consider a region with 2 export products (saxophones and soccer balls) and 2 local goods (haircuts and music concerts). The production of each export good is subject to localization economies, so each city specializes in one export good.

  Appalachian coal mining thinks that it can increase labor

appalachian coal mining believes that it can increase labor productivity and therefore net revenue by reducing air

  Four-step model of the process

Communications professor John Marston proposed a four-step model of the process through which public relations can influence public opinion.

  Should economic tigers be feared or tamed

In your opinion, should economic tigers be feared or tamed?

  Identify current trends in macro and microeconomics

Sometimes market activities (production, buying and selling) have unintended positive or negative effects outside the market's scope. TI know that is an externality.

  What is the paradox of thrift? is saving good or bad?

What is the paradox of thrift? Is Saving Good or Bad?Is it real?

  Explain how individuals behavior is affected by this rule

When someone owns an asset (such as a stock) that rises in value, he has an "accrued" capital gain. If he sells the asset, he "realizes" the gains that have previously accrued. Under the U.S. income tax, realized capital gains are taxed, but accru..

  If the competing cinema decrease its prices by 10 how would

crown cinema recently increased the price of a movie ticket by 5. as a result attendance dropped by 8. based on this

  Describe at least two actions a manager can take

Describe at least two actions a manager can take to protect her or himself and the organization she or he represents from a tort lawsuit.2. Create a list of five best practices that managers in most industries could take to protect the privacy of ..

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