How many cars to fix per week?

Assignment Help Microeconomics
Reference no: EM13174395

Suppose that Dent Carr's long-run total cost of reparing s cars per week is c(s) = 2s^2 + 50. If the price he receives for repairing a car is $8, then in the long run, how many cars will he fix per week if he maximized profits?

Reference no: EM13174395

Questions Cloud

Tax preparation and information consulting : The managing partners are located in Chicago. YOUCPA also provides tax preparation and information consulting to customers and is an approved PCOAB audit firm.
State how much naoh will be needed for a complete reaction : Using the equation below assume we want to use 2.3 g of Fe(no3)3 in our experiment. how much NaOH will be needed for a complete reaction?
Define long-run cost function : A firm has a long-run cost function, C(q) = 4q^2 + 4.  In the long run, this firm will supply a positive amount of output, as long as the price is greater than what?
Explain what is the concentration of in the solution : suppose a 500 ml solution contains 1.00 mmol of co(no3)2, 100 mmol of NH3, and 100 mmol of ethylenediamine. what is the concentration of co2+ in the solution?
How many cars to fix per week? : Suppose that Dent Carr's long-run total cost of reparing s cars per week is c(s) = 2s^2 + 50. If the price he receives for repairing a car is $8, then in the long run, how many cars will he fix per week if he maximized profits?
How many bouquets to sell per month : If Mary has signed a lease for a shop with 1,000 square feet, if she is not able to get out of the lease or to expand her store in the short run, and if the price of a bouquet is $3 per unit, how many bouquets per month should she sell in the short r..
Explain adenine forms three hydrogen bonds with thymine : In the DNA double helix, adenine forms three hydrogen bonds with thymine D) In the DNA double helix, cytosine forms three hydrogen bonds with guanine
How much will it cost her to produce 70 units of output? : Suppose the production function is given by y = 4x1 + x2. If the factor prices are $4 for factor 1 and $2 for factor 2, how much will it cost her to produce 70 units of output?
State acetic acid is placed in a flask : acetic acid is placed in a flask and is titrated with 25.00 mL 0.100 M sodium hydroxide

Reviews

Write a Review

Microeconomics Questions & Answers

  Natural monopoly owns all the natural resources

If there is a natural monopoly one firm owns all the natural resources in the production of a good, such as owning the diamond mines needed to produce diamonds.

  Analysis of demand and supply functions

Demand and supply functions of tomato are listed below, The maximum value of tomatoes that manufacturer will offer for sale if the price of tomatoes is $ 0.30

  How the fed would increase m1

. Show how the Fed would increase M1 by 1 million dollars by changing the reserve ratio. Show how the Fed would increase M1 by 1 million dollars through open market operation.

  Calculate the net present value

Greetings Corporation stores, as well as the Wall Décor division, have enjoyed healthy profitability during the past 2-years. Although profit margin on prints is often thin, volume of print sales has been substantial enough to generate 15 percent of ..

  Develop a one year forecast

Comment on the acceptability of the model's ability to pick up the systematic variation in your Fit period actual data and develop a one year forecast

  Question raised by critics of medical licensure

decrease in your real income that results when photographic equipment you purchase increases in price because of increased demand by others for these items. cost you bear when your neighbor has a noisy party and does not compensate you for your dis..

  Sketch the indifference curves

Sketch the indifference curves and show where the "corners" are. If the prices or x and y are P_x = 5 and P_y = 1, respectively

  Long-run profit-perfectly competitive market

For Profit Labs, Inc. (FPL) is a private laboratory that does only routine blood count. With total assets of $8 million last year, FPL took in $3 million in revenue and had expenses of $2 million. The average firms in other industries make a retur..

  Law of diminishing marginal product results

Describe how the Law of Diminishing Marginal Product results in u-shaped average cost curves, both Average Total Cost and Average Variable Costs

  Determining aftertax cash flows

Cost of capital is 12%. Its expects aftertax cash flows (including the tax shield from depreciation) for the next 5 years are:

  Describe the various terms in the ad curve

This is a challenging question and involves algebraically solving system of two equations given by AD abd AS curves. The equations for the curves are given through the following:

  Theory of economic behaviour

Neoclassical economics was 'a crucial stage in the creation of a genuinely scientific unified theory of economic behaviour'. Discuss.

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