User Account

All Pages

How many x should the firm choose to produce in order to max

Assignment Help Macroeconomics
Reference no: EM13339871

Suppose a firm producing a commodity X is a price taker. The prevailing market price for X is Php. 20. The firm’s cost is given by TC=(0.1q^2)+10q+50 where q=the number of X the firm chooses to produce per day.

a. How many X should the firm choose to produce in order to maximize profits?

Reference no: EM13339871

Questions Cloud

Find change in entropy after system has reached equilibrium : Find the change in entropy in the universe. Now, two identical ideal oxygen gases with the same pressure P=1 atm and the same number of particles N = 10^22, but di erent temperature T1 = 30 C and T2 = 40 C,
Eightfactors of the internal environment : Determine how each of the issues at Go-Go relates to one or more of the eightfactors of the internal environment (NOT components of COSO.)
Plan a high-level backup and disaster recovery plan : Plan a high-level backup and disaster recovery plan for a business. Discuss the security of the network and suggest best practices for securing the business network.
What is the light intensity on a wall 5 m away from laser : (a) What is the light intensity on a wall 3.0 m away from the lightbulb. (b) Where did the 96 W go. (c) A krypton laser produces a cylindrical red laser beam 3.0 mm in diameter with 4.0 W of power.
How many x should the firm choose to produce in order to max : Suppose a firm producing a commodity X is a price taker. The prevailing market price for X is Php. 20. The firm’s cost is given by TC=(0.1q^2)+10q+50 where q=the number of X the firm chooses to produce per day.
Estimate the kinetic energy of the electron : An electron is released from rest at the negative plate of a parallel plate capacitor and accelerates to the positive plate, What is the kinetic energy of the electron just as it reaches the positive plate
Discuss the major barriers to entry into an industry : Discuss the major barriers to entry into an industry.explain how each barrier can foster either monopoly or oligopoly.which barriers , if any do you feel give rise to monopoly that is socially justifiable?
Explain why ground-wave propagation is more effective : a) Explain why ground-wave propagation is more effective over sea water than dessert terrain. b) Why do stations in the AM broadcast band always use vertically polarized antennas
What are advantages and disadvantages of networked computers : What are some advantages and disadvantages of networked computers? Explain some similar characterisitcs between a network and the internet.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Analyzing several indicators of the macroeconomic conditions

Analyzing many indicators of the macroeconomic situations in an economy, which includes interest rate, income, CPI, inventory levels, wage, consumer confidence and unemployment.

  Farmers whose crops were destroyed by the floods were much

Farmers whose crops were destroyed by the floods were much worseoff, but farmers whose crops were not destroyed benefited from thefloods, why?

  Marketplace is characterized by sticky wages

As what will happen if the marketplace is characterized by sticky wages.

  How would you go about resolving the issue

For a developing country to grow, it needs capital. The major source of capital in most countries is domestic saving, but the goal of stimulating domestic saving usually is in conflict with government policies aimed at reducing inequality in the d..

  Rise in ac and mc

Explain why both marginal and average costs are believed to eventually increase in the short run.

  Ellucidate what rewards exist for a company to be first

Is innovation increasing or decreasing. Is the productivity of workers increasing or decreasing. Ellucidate what rewards exist for a company to be first with an innovation.

  Compute the price-cost margin for every firm

Compute the price-cost margin for every firm and indicate which has more pricing power and why.

  Describe overly expansionary monetary policy

The primary reason for the creation of the Federal Reserve System was (a) the desire to reduce or eliminate bank panics. (b) the desire to stabilize short-term interest rates. (c) the desire to eliminate state-chartered banks. (d) the desire to cr..

  Why the firm should maximize total profit by lowering price

A producer of photocopiers derives profits from two sources: the immediate profit it makes on each copier sold and the additional profit it gains from servicing its copiers and selling toner and other supplies. The firm estimates that its addition..

  Compute the industry equilibrium wage

Competitive Market Equilibrium. Assume demand and supply situations in the competitive market for unskilled labor are as follows;

  What do the law of diminishing returns

Diseconomies of scale occur mainly because: of the law diminishing returs, firms in an industry must be relatively large in order to use the most efficient production techniques, of the inherent difficulties involved in managing and coordinating a la..

  What is a government budget deficit

What is a government budget deficit? How does afederal budget deficit affect the economy? How does it affect thelevel of investment and interest rates? How does it affect theindividual consumer? Give at least three examples in yourresponse.

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