User Account

All Pages

Represents the price per unit

Assignment Help Macroeconomics
Reference no: EM131079683

Suppose company XYZ produces a differentiated commodity. The company has substantial control over the price of the product. The company's cost function is estimated to be TC = 200 - 20Q + Q2, where Q is the volume per day. The firm also has the following demand equation P = 60 - 2Q, where P represents the price per unit and Q the volume of daily sales.

Given above information how much profit will the company make or how much loss will the company incur?

Reference no: EM131079683

Questions Cloud

Community college budgets depend on the number of students : Most nurses in the United States receive their education in community colleges. Mainly because of differences in class size, the cost of educating a nurse is about four times that of an average community college student. Community college budgets dep..
Demand curve facing a perfectly competitive firm : Explain the difference between the demand curve facing a monopoly firm and the demand curve facing a perfectly competitive firm.
Drawing on current business publications : Drawing on current business publications, find an article in which either fiscal or monetary policy makers were describing their goals of maintaining stable prices, full employment, and adequate economic growth over time.
Find the inverse demand curve : The demand curve for product X is given by QXd = 300 - 2PX. Find the inverse demand curve. How much consumer surplus do consumers receive when Px = $45? How much consumer surplus do consumers receive when Px = $30
Represents the price per unit : The company's cost function is estimated to be TC = 200 - 20Q + Q2, where Q is the volume per day. The firm also has the following demand equation P = 60 - 2Q, where P represents the price per unit and Q the volume of daily sales.
Producer surplus for a group of sellers : The following graph shows the supply curve for a group of sellers in the U.S. market for Blu-ray players (orange line). Each seller has only one Blu-ray player to sell. The market price of a Blu-ray player is shown by the black horizontal line at ..
Examine all four components of gdp : Examine all four components of GDP (C, I, G, and Xn). Which of these four components of AD are rising and which are dropping? On the top right corner of the page, you can click Modify to select prior years.
Choice between lobster and steak for dinner : Dianna has a choice between lobster and steak for dinner. The lobster dinner costs $30, and gives her utility of 60, while the steak dinner costs $20 and gives her utility of 50. Which should Dianna choose? Robert spends all his income on dancing sho..
Can the program counter be eliminated using top of stack : Can the program counter be eliminated by using the top of the stack as a program counter?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Basic concepts of describing project risk

What are the methods or basic concepts of describing project risk? Explain the definitions and brief ideas of each method (The answer should be between 150-200 words).

  Which models predicts price stability in oligopoly

Consider cartel pricing, the price leadership model, and the kinked demand curve model. Which of these three models predicts price stability in oligopoly and which predict price instability, that is, unpredictable ups and downs in the level of pri..

  Production possibility frontier to illustrate

Use a production possibility frontier to illustrate the probable results of your fiscal policy. By how much did consumption change? By how much did savings change?

  Find the price of a corporate bond maturing

Find the price of a corporate bond maturing in 5 years that has a 5 percent coupon (annual payments), a $1,000 face value, and an AA rating. A local newspaper"s financial section reports that the yields on 5-year bonds are AAA, 6 percent; AA, 7 perce..

  Advising the newly formed russian government

Is there a way in which a plan could provide incentives to the Farm members that would have a good chance of raising productivity and lead to increased agricultural output while at the same time eliminating subsidies?

  The publisher plans to sells the text to college

Eastman Publishing Company is considering publishing a paperback textbook on spreadsheet application for business. The fixed cost of manuscript preparation

  The demand and supply curves for fixed gear bikes in

the demand and supply curves for fixed gear bikes in hipsterland are qd 225 ?1.5? p and qs 1.5? p ? 45 respectively.1

  Do you agree or disagree with this quote

The Federal Reserve System is structured in such a way as to insulate monetary policy from the political pressures characteristic of the rest of our political system of representative democracy.

  What is the point of the circular flow model

Trace through the circular flow model.  What is the point of the circular flow model, what are some leakages and injections into the circular flow model, and how are the leakages and injections related to the circular flow?

  Why might bargaining break down when parties negotiate to

Why might bargaining break down when parties negotiate to remedy a market failure and its associated externality?

  Explain the two types of interest rate risk

Define interest rate risk. Explain the two types of interest rate risk. How can an investor with a given holding period use duration to reduce interest rate risk?

  Discuss the shift in the international trade of goods

Discuss the shift in the international trade of goods and services in the past two decades

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