Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A competitive firm has the following quadratic TC function TC = 5Q2+ 200
Assume the market price P is $175 per unit.
(a) How much it costs the firm to produce the 11th unit of output?
(b) What is the marginal profit of the 11th unit of output?
(c) What is the firm's profit maximizing level of output? What is its profit?
(d) What is marginal profit of the last unit of output?
(e) What is the long-run price established in this market?
(f) What is the output and profit for the firm in the long-run? In some industries a firm's profit maximization objective is basically a revenue maximization problem. A good example is the operation of sport clubs, espe- cially when the franchises do not own the arena or stadium they play in. With a stadium/arena lease and players' contracts in place, the cost of operation of a team for a season is very much known. Therefore, profit is largely determined by revenue from ticket sales and merchandising. Managing rental apartment complexes and hotels are other variations on this theme.
draw on the reservation prices provided in question 6 and assume mixed bundling.suppose the bundle price is set at 3
Suppose a market is characterized by a unionized and a non-unionized sector. Both sectors initially have supply given by Q=10,000+25w, and demand by Q=20,000-10w,
Identify the type of merger activity in industry or one with which you are familiar-horizontal, vertical, or conglomerate-and explain why you made that choice.
If there is a new breakthrough in manufacturing technology that reduces the cost of producing DVD players by half, what will happen the following Four parts of supply and demand: (1) supply of DVD players, (2) demand for DVD players, (3) price and sa..
Consider the following Ricardian model.
three friends are choosing a restaurant for dinner. here are their preferences rachel ross joey1st
Monica and her father own one of the three automobile tire stores in the city. No other city is nearby. They want do develop a strategy increase sales and market share in their city. What steps can they take?
Assume a simplified banking system in which all banks are subject to a uniform reserve requirement of 20 percent and checkable deposits are the only from of money. A bank that received a new checkable deposit of $10,000 would be able to extend new..
What is Gross Domestic Product, and why is it important for national economies?
the charlotte bobcats a professional basketball team has been offered the opportunity to purchase the contract of an
Normal 0 false false false EN-US X-NONE X-NONE When an electronics company..
If the inflation rate is higher than expected, which of the following groups in society would be most probable to gain? Anticipated inflation distorts markets more than does unanticipated inflation. Which of the following is not considered a cost of ..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd