Q the zinger company fabricates as well as sells a line of

Assignment Help Business Economics
Reference no: EM13353040

Q. The Zinger Company fabricates as well as sells a line of sewing machines. Demand per period (Q) for a scrupulous model is given by the following relationship:
Q = 400 - .5P where P stands for price. Total costs (including a "normal" return to the owners) of producing Q units per period are:
TC = 20,000 + 50Q + 3Q R3
a) Express total profits (π) in terms of Q.

b) At what level of output are total profit maximized? Illustrate what price will be charged? At this output level what are total profits?

a) What model of market pricing has been assumed in this problem? Validate your answer.

Reference no: EM13353040

Questions Cloud

Q 1 country z is a developing country that is facing : q. 1. country z is a developing country that is facing problems of deforestation. for agriculture farmers are clearing
Q1 the wage rate is pound5 and the rental rate cost of : q1. the wage rate is pound5 and the rental rate cost of capital is pound2. calculate the lowest cost method of making 4
Q1 suppose that the first week of summer jenny charged 25 : q1. suppose that the first week of summer jenny charged 25 cents for an 8-ounce cup of lemonade her next-door neighbor
Q a facility for a production plant can be purchased for : q. a facility for a production plant can be purchased for 155000 with a down payment of 25000. consider the following
Q the zinger company fabricates as well as sells a line of : q. the zinger company fabricates as well as sells a line of sewing machines. demand per period q for a scrupulous model
Q1 the australian medical association ama once called for : q1. the australian medical association ama once called for an immediate 20 cut in medical student intakes to halt what
Qbritish columbia tourist association distributes s : q.british columbia tourist association distributes s pamphlets maps and other tourist-related information to people who
Q 1 what change in the federal funds rate would you : q. 1. what change in the federal funds rate would you recommend?2. how would your recommended change get
Qas per milton friedman business has only 1social : q.as per milton friedman business has only 1social responsibility to create profits as long as it stays within the

Reviews

Write a Review

Business Economics Questions & Answers

  What is the new equilibrium price and output level

suppose that new producers enter the market and the supply increases to: Qs = -500 + 10P. What is the new equilibrium price and output level? (g.) Show these changes on the graph

  Lump sum tax cause the after tax consumption schedule

Does a lump sum tax cause the after tax consumption schedule to be flatter than the before tax consumption schedule.

  Deadweight loss does great reception causes

How much deadweight loss does Great Reception causes when it restricts output and charges a price above marginal cost.

  Q1 laura bought word -processing software in 2005 for50

q1. laura bought word -processing software in 2005 for50. lauras twin brother laurence buys an upgrade of the same

  When the wage rate increases individuals recognize that the

When the wage rate increases, individuals recognize that the opportunity cost of leisure has risen, choose to substitute labor for leisure, and thus offer to work more hours. This is called the

  The united state financial reputation on an international

Discuss within your Learning Team how and why the U.S.’s deficit, surplus and debt have an effect on the following:

  In which new trainees are paid relatively high starting

in which new trainees are paid relatively high starting salaries and are not expected to make substantial contributions to the company until after the program is over.

  Explain how does risk sharing benefit both for financial

Discuss impact of social wefare and idustrial policy initiatives on organization and the wider community in sri lanka. Explain how does risk sharing benefit both financial intermediaries and private investors.

  Elucidate the two factors that can cause the nation real gdp

Assume that the Keynesian short-run aggregate supply curve is applicable. Elucidate the two factors that can cause the nation's real GDP to increase in the long run.

  What is the level of price output and amount of profit for

What is the level of price, output, and amount of profit for an unregulated monopolist? (b) Using the data in the table, what are the price, output, and profit for a regulated monopolist that sets price equal to marginal cost compared with an unregul..

  What is the expected value of v over the vacation

The chance of someone in the family getting sick over the relevant time period is 20%. What is the expected value of V over the vacation?

  Evaluate how average total and marginal costs change

Evaluate how average, total, and marginal costs change as the output of a good or service of your choice increases. Can economies of scale be maintained despite high start-up costs.

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