At what price does it sell these units

Assignment Help Business Economics

Reference no: EM1351293

Analyze the two following situations for firms in competitive markets:

a. Suppose that TC=100 + 15q, where TC is total cost and q is quantity produce. What is the minimum price necessary for this firm to produce any output in the short run?

b. Suppose that MC=4q, where MC is marginal cost. The perfectly competitive firm maximizes profits by producing 10 units of out output. At what price does it sell these units?

Reference no: EM1351293

Questions Cloud

Role of independent cpa-auditing : Examine the CPA profession and licensing requirements (Use New Jersey's please). Explain how a licensed CPA (as an outside auditor) could be of value to your company. Critique current auditing standards.

Explain how and why a monopoly would try to price : Q. Explain how and why a monopoly would try to price discriminate. Serving food on weekdays to business people and retired people.

Compute the expected return and variance : Given the information below, compute the expected return, variance, and standard deviation of the following company.

Determining auditing and assurance services : Knowing that my company 2007 audit will include attestation services, I want to know more about what attestation services encompass and what my team and I can do to prepare for this service.

At what price does it sell these units : Suppose that MC=4q, where MC is marginal cost. The perfectly competitive firm maximizes profits by producing 10 units of out output. At what price does it sell these units.

Find the projects simple regular payback : The ABC Company is planning a project which has an up-front cost paid today at t = 0. The project will create positive cash flows of $70,000 a year at the end of each of the next 5 years.

Adjusting workflow - intercultural management : What is meant by the need to adjust to the flow of the workday and how does this apply to doing business in Central and South America?

How will this technological advance impact production : How will this technological advance impact production and pricing plans. How it will impact BlackSpot's profit.

Use a performance map to clarify expectations : What might have gone differently, if you had been able to use a Performance Map to clarify expectations?

User Account

All Pages