Computing optimal level of input required

Assignment Help Managerial Economics
Reference no: EM1371940

Suppose ZCorp has the following short run production function
Q = 50X - 2X^2
where X is the only variable input used by ZCorp to product its product, Q.

Because ZCorp sells its product in a perfectly competitive market, it can sell all the Q it produces for $25. The current market price for input X is $100.

How many units of X will ZCorp buy?

 

Reference no: EM1371940

Questions Cloud

Professional skills for information technology practitioners : Send a business email and write a summary of the information that you have found out about how the company presently operates the system and what the problems are and also write a personal reflection on your team work
Calculating the optimal output in an oligopoly market : Assume that Saudi Arabia lets other members of OPEC sell all the oil they wish at the existing price which udis set and other members accept.
Identify the operational definitions : Identify the operational definitions in the following statements and describe what, if anything, may be wrong with them: (1) smoking is bad for people's health
Write down program which declares integer variables : Write down complete program which declares the integer variable, reads value from the keyboard into that variable, andwrites to standard output variable's value, twice the value.
Computing optimal level of input required : Suppose ZCorp has following short run production function Q = 50X - 2X^2 where X is the only variable input used by ZCorp to product its product, Q.
Program to compute gross wages for employee using array : Write program which uses the following arrays: payRate: array of seven floats to hold each employee's hourly pay rate. wages: array of seven floats to hold each employee's gross wages.
Reward system and financial reporting act : Would the reward system vary among retailers, manufacturers, distributors, financial organizations? What other characteristics should good performance incentives have?
Explain the term stereotype threat : Explain what the term "Stereotype Threat" that happens to an individual of a different cultural when they are trying to take an IQ test.
Write down script to report cumulative size of all files : Write down script which will report cumulative size of all files in and below given directory. Your script will also report name and size (in bytes) of largest file with that directory tree.

Reviews

Write a Review

Managerial Economics Questions & Answers

  Calculating the root mean square error

The table below demonstrate the demand for Fidgets over an eight month period. Calculate a four-period moving average forecast for September.

  Determine sales

David Ding advertises on a local radio station. For last 6-weeks, the manager has kept records of the number of minutes of advertising that were bought, and the sales for that week.

  Linear programming problem

Linear programming is a mathematical technique used to determine the optimal solutions to certain specific problems.

  Market structure and pricing decision applied problems

Market Structure and Pricing Decision Applied Problems, BUS 640 Managerial Economic,

  Marketing campaign by the champagne industry

Today's Friday night, and you are just about to leave your room to attend a party. However, a copy of New York Times catches your eye.

  Find the firm forward pe ratio

A corporation requires $500,000,000 to finance a major project in the firm. The company is expected to generate a total of $80,000,000 in earnings next year with the addition of this project.

  High health care bills

Suppose your employer sends you on a reconnaissance mission to Roswell, New Mexico. Your CEO wants to relocate company's customer service operation to Roswell,

  Manager compensation plan in car dealership

Two months before, the landlord of a car dealership significantly changed his sales manager's compensation plan. Under the old plan, the manager was paid a salary of $6000 every month

  Calculate growth rate in sales

The following table demonstrate yearly sales information for Landrover, Inc., over the ten-year 1998-2008 period:

  Sales trend analysis

During the last ten-years, sales revenue has increased from 25 million to 65 million. Estimate the company's growth rate in sales using the constant growth model with annual compounding.

  Construct the demand estimation

Given the data, please construct the demand estimation for soft drink consumption in the United States by  a multiple-linear regression equation, and    a log-linear (exponential) regression equation.

  Explain growth maximisation model of morris

Describe critically growth maximisation model of morris - Grade Level : Post Graduate Level

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