Compute profit-maximizing level of output for ajax

Assignment Help Business Economics
Reference no: EM1370921

Q. Ajax Cleaning Products is a medium-sized firm operating in an industry dominated by one very large firm-Tile King. Ajax produces a multi-headed tunnel wall scrubber that is very similar to a model produced by Tile King. Ajax has decided to charge same price as Tile King to avoid possibility of a price war. price charged by tile King is $20,000.
Ajax has following short-run cost curve:
TC=800,000 - 5,000 Q + 100Q 2

a. Compute marginal cost curve for Ajax

b. Provided Ajax's pricing strategy, illustrate what is marginal revenue function for Ajax?

c. Compute profit-maximizing level of output for Ajax

d. Compute Ajax's total dollar profits.

 

Reference no: EM1370921

Previous Q& A

  Write method that will take employee-s first name

Implement a class that will have: Implement the method that will take employee's first name and last name as the input and will return full name.

  Avon and a multicultural workforce

what recommendations would you give to the company regarding dealing with a culturally diverse workforce and a multicultural marketplace in the coming years?

  Define and imagine that you will interview a project manager

Explain and Imagine that you will interview a project manager who works for an organization that implements multiple projects.

  Explicit cost and implicit cost

Tom total revenue from cafe is 50000 per year, he bought a coffee machine costing $5000 an interest rate of 5 percent and $3000 is a loan from the bank which the rates is 10%

  Illustrate what is shop sales mix

Illustrate what is shop's sales mix Illustrate what is shop's break-even sales volume in dollars. Explain how many bicycles of each type must firm sell to earn a target net income of $50,000.

  Show the global environmental change

Show the Global environmental change - the people keeps trashing the rivers and polluting the earth and there are more of them than us.

  Calculate the depth of the sunken ocean liner

Even as exploring a sunken ocean liner, principal researcher found the absolute pressure on the robot observation submarine at the level of the ship to be about 413 atmospheres.  The density of seawater is 1025kg/m^3.

  Illustrate what impression do you have of firms

Illustrate what impression do you have of multinational firms that have operations in multiple countries.

  Explain motivation plan consists of long- and short time

Explain Motivation plan consists of long- and short time motivators in accordance with selected theory.

  Role of financial institutions

Role of financial institutions - What roles do financial institutions play in financial decision-making of individuals?

Reviews

Write a Review

 

Similar Q& A

  Assumes the perfectly competitive firm

Assumes the perfectly competitive firm is in long-run equilibrium also there is an rise in Demand

  Explain how are presidential election outcomes

Explain how are presidential election outcomes related to the performance of the economy.

  Entrepreneurship and capital venturing

Describe the Schumpeterian notion of "creative destruction"

  Company issues debt to finance the project

If the company issues debt to finance the project what would be the value of the company. What would be the value of the levered equiy.

  Explain swedish labor-force participation rate

Using the net benefit ratio method of Deaton, please tell us whether a 10% increase in output price will increase or decrease the economic welfare of each of the following three agricultural households, by how much, and why (be sure to show your w..

  Explain residual plot where you find any problem

Plot residual by time and explain residual plot where you find any problem. Do we violate any 7 assumptions of OLS. If so, what are consequences.

  Elucidate the disadvantage of simultaneous lending strategy

Elucidate the disadvantage of the simultaneous lending strategy. Be mindful of the group lending scheme which Grameen Bank adopts.

  Business of manufacturing dolls

The trade or business of manufacturing dolls and accessories

  Benefits also costs to the us economy of labor migration

Illustrate what are the benefits also costs to the US economy of labor migration (illegal also legal) into the United States from Mexico.

  How does affect perception of a monopoly

How does definition of a market, or for that matter, a business strategy, affect that perception of a monopoly.

  Quinns data includes income

As control variables, Quinn's data also includes income the individual earned in the month the data was collected, and the amount that it rained in the month the data was collected.

  Different ferries are being considered

During the working life, how do you graph that without knowing more information.

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd