User Account

All Pages

How many spaghetti dinners should the firm make each day

Assignment Help Microeconomics
Reference no: EM13148581

Suppose a competitive firm produces spaghetti dinners. The market price of a spaghetti dinner is $20. The cost of making the dinners is given by C(Q) = 10Q + (Q2/160). The marginal cost is given by MC = 10 + (Q/80).a. How many spaghetti dinners should the firm make each day?b. What if the firm has avoidable fixed costs of $1562.50?c. What is the firm's supply function if there is no avoidable fixed cost?d. What is the supply function if the firm has avoidable fixed costs of $1562.50?

Reference no: EM13148581

Questions Cloud

Is there sufficient evidence to reject claim : Is there sufficient evidence to reject the claim that the mean annual income of teachers in state of Utah is greater than or equal to the mean annual income of teachers in Oregon? Perform a one-tailed test.
Computing payback period and unadjusted rate of return : Determine the payback period and unadjusted rate of return (use average investment) for each alternative. Indicate which investment alternative you would recommend. Explain your choice.
Describe two kinds of epigenetic changes : Your blot results show that one of the genes had a band by southern blot but no mRNA or protein produced when analyzed by northern and western blot.
What part of the change in sarah''s demand : what part of the change in Sarah's demand was due to the income effect and what part was due to the substitution effect?
How many spaghetti dinners should the firm make each day : How many spaghetti dinners should the firm make each day and what if the firm has avoidable fixed costs of $1562.50?
Strategies for testing internal controls problem : Briefly describe three strategies for testing internal controls when information technology is used for significant accounting processing
What part of the change in sarah''s demand was due : When the price of pears fell to $3, what part of the change in Sarah's demand was due to the income effect and what part was due to the substitution effect?
How many burgers and how many packs of cigarettes : How many burgers and how many packs of cigarettes does Steve consumer to maximize his utility? 1.3. When a new tax raises the price of a burger to $3, what is his new optimal bundle? Illustrate your answer in a graph.
Show that stochastic process forms a submartingale : For the binomial lattice model, Sn = S0 Y1 × · · ·×Yn , suppose p = 0.75,d = 0.90, u = 1.5:When r = 0.05: Show that the stochastic process Mn = Sn /(1 + r)n , n ≥ 0, forms a SUBmartingale.

Reviews

Write a Review

 

Microeconomics Questions & Answers

  Explain the money multiplier and money creation process

Identify and describe the effects of a change in money supply on the interest rate. Explain the money multiplier and the money creation process.

  Determining learning rate

A production lot of 25 units required 103.6 hours of effort. Accounting records show that first unit took seven hours. What was the learning rate?

  Clarification of economics

Assume that macroeconomic forecasters predict that the economy will be expanding in near future. How might managers employ this information

  Supply and demand analysis

Use supply and demand analysis to describe why equilibrium price of apples will increase and the equilibrium quantity will fall if an excise tax is levied on apples.

  Find the marginal rate - exchange economy

Find the marginal rate of substitution for both individuals and is the initial allocation pareto efficient

  Positive and negative externalities

Externalities are 3rd-party consequence of some other action. They can be positive or negative externalities and they impose a benefit or cost to a 3rd-party.

  Information about heckscher-ohlin theory

Demonstrate that under this analysis commodity movement and factor movement are substitutes for each other.

  Connection between demand for goods and market failures

What is significant about the connection between the demand for goods and market failures? What happens to the demand for goods when a market fails

  Law of demand and the determinants of demand

Explain the market equilibrating process in relation to your experience. Include academic research to support your ideas.

  What is the expected value of employees you hire

You need to hire some new employees to staff your startup venture. You know that potential employees are distributed throughout the population as follows

  How the environmental protection agencys policies

Write a 750-word essay on how the Environmental Protection Agency's policies impact business in the United States.

  Discuss short and long run costs

Discuss short and long run expenses. For the short run discuss the relationship in cost and production theory and the idea of diminishing returns.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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