User Account

All Pages

Maximum profit for the producer

Assignment Help Business Management
Reference no: EM131195041

1. Suppose a project has two possible outcomes. There is a 40% chance that it brings a profit of 10,000. There is a 60% chance that it brings a profit of 6,400. Suppose a decision makers utility function can be described by U(w)=w^0.5. What is this project's certainty equivalence for this decision maker?

2. A producer in a perfectly competitive industry has a cost function described by TC(q)=1400+4q+0.2q^2. If the market price is 40, what is the profit-maximizing quantity for the producer?

3. A producer in a perfectly competitive industry has a cost function described by TC(q)=1400+4q+0.2q^2. If the market price is 40 and it has already committed to paying the fixed cost, what is the maximum profit for the producer?

Reference no: EM131195041

Questions Cloud

Describe the interaction of public policy and stakeholders : In a paper of 1,000-1,250 words, describe the interaction of public policy and stakeholders. Address the following in your paper: The influence of public policy on stakeholders in government and government-reliant organizations.
Demand for gas be elastic or inelastic : 1. If the price of gas increases from $3.50 to $6.00, how will that affect your quantity demanded of gas and other goods and services? What actions would you take in response?
Calculate the income of all farmers : Determine the equilibrium price and quantity. Also calculate the income of all farmers in the wheat industry at the equilibrium point.
What did you discover as you debated with your colleagues : What did you discover as you debated with your colleagues about an issue this week? Did you or a colleague uncover information that made you consider altering your position?
Maximum profit for the producer : A producer in a perfectly competitive industry has a cost function described by TC(q)=1400+4q+0.2q^2. If the market price is 40 and it has already committed to paying the fixed cost, what is the maximum profit for the producer?
Where do you stand on the issue : There are distinctly different viewpoints to this argument, based on the different perspectives of academics and theoreticians on the one hand and that of practitioners on the other. Being honest about your reaction, and applying critical thinking..
Regression results and arc elasticity measures : Explain how regression results and arc elasticity measures can be used to derive measures of elasticity, which can then be used to estimate demand.
Explain a plausible reason someone could give that supports : Provide an introduction in which you briefly explain the topic and the particular question on which you will focus your paper. State your position on the question at issue. Identify one consideration that would support your position and one considera..
Write a literacy narrative about the influence : Could you write a "Literacy Narrative" about the influence that a particular social and/or cultural environment had on your literate practices and how those practices may or may not have fit in with the environment.

Reviews

Write a Review

 

Business Management Questions & Answers

  How do we traditionally define capital budgeting in finance

1. How do we traditionally define capital budgeting in finance? 2. What is the purpose of capital budgeting in a business firm and how is it used?

  Clarification of leadershipcourtney a sales manager and her

clarification of leadershipcourtney a sales manager and her team of six have been assigned the task of prepare a

  Explain and evaluate your options for chances for success

Explain and Evaluate your options according to what you feel to be your chances for success.

  Health care organization''s merger or acquisition

From the e-Activity, distinguish the factors that are most important in carrying out a successful health care organization's merger or acquisition. Defend at least two (2) reasons why health care organization alliances are sometimes necessary.

  Transactional leadership styleleadership in what ways is a

transactional leadership styleleadership. in what ways is a transactional leader functioning more as a manager than a

  Imagine that you are interviewing for a job when the

imagine that you are interviewing for a job when the interviewer asks you which cost-benefit analysis technique is best

  Illustrate what companies can do to minimize legal risks

Conduct research on illustrate what companies can do to minimize legal risks associated with sales contracts, product liability and performance on sales contracts.

  Question about staffing plan paper

Develop strategies to recruit the appropriate applicants. Include a discussion of how the strategy is legally compliant.

  Disadvantages of the matrix organization

Compare and contrast the traditional and matrix organization. What are its advantages and disadvantages of the matrix organization?

  Discuss three advantages of cooperating across networks

Describe the ways in which successful entrepreneurs make use of networks to help them move their ideas forward. Discuss the risks associated with sharing their ideas and how they can protect them.

  Helping team member and role expectations

2. Have you ever been in a role that wasn't predefined with expectations and What were the results

  What is the market approach to consumer protection

Affirmative action call for what steps to eliminate the fact of the past and what is the market approach to consumer protection? In what way does it fall short of completely protecting consumers?

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