Is the firm maximizing profits producing

Assignment Help Business Economics

Reference no: EM13984227

You have the following information for a firm:

TR= 200Q-Q2

TC= 1000-8Q+Q2

MR=200-2Q

MC= -8+2Q

a. If the firm produces 60 units of output, what are profits or losses for this firm?

b. Is the firm maximizing profits producing Q=60? If not, what is the profit maximizing level of output produced?

c. What are maximum profits?

Reference no: EM13984227

Questions Cloud

What would you reccommend this firm do to maximize profits : A firm is currently producing 80 units of output. At this level of output produced, P=150 and ATC=120. Also assume that MC=130 and MR is constant at all output levels and equal to 150. Is this firm making profits? If so, what are these profits? Is th..

Endogenous variable and marginal revenue product of labour : Provide brief definitions of each of the following terms and expressions-Crowding out, Endogenous variable, Marginal revenue product of labour, Real exchange rate.

Direction should you expect the interest rate to change : An exogenous event has left the interest rate in a position above the LM curve. Describe the disequilibrium in the financial market. In which direction should you expect the interest rate to change?

Negative function of the nominal interest rate : We have learned that the demand for money is a negative function of the nominal interest rate. Explain why it is the nominal and not the real interest rate that matters.

Is the firm maximizing profits producing : If the firm produces 60 units of output, what are profits or losses for this firm? Is the firm maximizing profits producing Q=60? If not, what is the profit maximizing level of output produced? What are maximum profits?

Corporation is based on interpersonal relationships : Do you agree or disagree with the following statement: "The rational model of the organization assumes that the Corporation is based on consent, while the political model assumes it is based on power, and the carrying model assumes the Corporation is..

Level of output produced : A firm is currently producing 40 units of output. At this level of output produced: Is this firm making profits or losses? How much? Are they maximum profits? Why?

Raise the incentive for households to save : Which of the following raise the incentive for households to save?

What is the firms total cost of producing : A firm is currently producing 50 units of output. At this level of output produced, its average fixed cost is 90 (AFC=90) and average variable cost is 140 (AVC=140). What is the firm's total cost of producing 50 units of output? If this firm increase..

User Account

All Pages