Find the formula for the quarrys short-run supply curve, Managerial Accounting

Let a quarry's cost function of producing Q tons of stone per hour be given by TC = Q3- 10Q2+ 40Q + 25, so that marginal cost function is MC= 3Q2- 20Q + 40.

(i) Find the formula for the quarry's short-run supply curve and draw its detailed graph. Explain your solution.

(ii) If market price of a ton of stone is $28, how much will the quarry's manager be willing to produce per hour in the short run? Calculate per hour profit.

Posted Date: 5/6/2013 1:22:59 AM | Location : United States







Related Discussions:- Find the formula for the quarrys short-run supply curve, Assignment Help, Ask Question on Find the formula for the quarrys short-run supply curve, Get Answer, Expert's Help, Find the formula for the quarrys short-run supply curve Discussions

Write discussion on Find the formula for the quarrys short-run supply curve
Your posts are moderated
Related Questions

a cost-allocation base may be any of the following except: a. cost driver b. cost pool c. way to link indirect cost to a cost object d. nonfinancial quantity

Security Analysis and Portfolio Management Define Capital Market Line and how is it dissimilar from Security Market Line. Describe with illustrations?


Status Resources We had classified constraints as scarce and abundant, depending respectively on whether or not the optimum solution "consumes" the entire available amount of t

Financial Perspective How do we produce value for our shareholders? This perspective covers traditional measures e.g. growth, liability, shareholder value. But these are set on

Q. What is Pricing under decline stage? Pricing under decline stage: under this stage sales are at their highest point. He should reduce the price if necessary taking the compe

The requirement for working capital fluctuates according the level of inventory, production, debtors and creditors etc. The working capital needs are not uniform during the year be

Std error of the slope (Sb) Correlation coefficient measures the degree of association between two variables such as the cost and the activity level. The standard error of ‘

Describe the impact of different types of standards on motivations, and specifically, the likely effect on motivation of adopting the labor standard recommended for Geeta & Company