What is its corresponding marginal cost curve

Assignment Help Microeconomics
Reference no: EM13183151

TC=0.2Q^2-5Q+30(Q^2 means Q square)

a) What is its corresponding marginal cost curve?

b) If the firm faces a price of $6 per unit, what quantity should it sell?

c) What profit does the firm make at this price?

d) Should the firm shut down?

Reference no: EM13183151

Questions Cloud

Determine the pressure inside the apparatus : Assume that air pressure is 1.00 atm and the air temperature is 17.3 C. If the abolute zero apparatus is open to the air, how many moles of air will it hold?
What would be the new long-run equilibrium price : If market demand is given by the functionQ=1000?P, where P denotes price, how many firms will operate in this long-run equilibrium?c) Suppose the government grants a lump-sum subsidy to each firm that manufactures the product. If this lump-sum su..
Define what is the concentration of acetic acid : How many moles of CH_3_COOH are present in the beaker? What is the concentration of acetic acid?
Remaining ice cream flavors : After picking one of 28 flavors of ice cream, people may regret bypassing some of the remaining flavors. Their regret best illustrates a consequence of A) an external locus of control. B) the tyranny of choice. C) the false consensus effect. D) uncon..
What is its corresponding marginal cost curve : TC=0.2Q^2-5Q+30(Q^2 means Q square) a) What is its corresponding marginal cost curve b) If the firm faces a price of $6 per unit, what quantity should it sell c) What profit does the firm make at this price d) Should the firm shut down
Compute the concentration of the reactant : If the initial concentration of the reactant in a first order reaction is .5 mols/L and the half life is 500 seconds, calculate the concentration of the reactant 1200 seconds after initiation of the reaction?
What is the equilibrium interest rate in trance : Assume that the following data characterize the hypothetical economy of Trance: money supply = $180 billion; quantity of money demanded for transactions = $160 billion; quantity of money demanded as an asset = $10 billion at 12 percent interest, i..
Example of an epiphany : Which one of the following events in Bernice Bobs Her Hair is an example of an epiphany?
Define what is the concentration : When a sample of PCl5(g) (0.1612 mol/L) is placed in 35.00 L reaction vessel at 878.0 K and allowed to come to equilibrium the mixture contains 3.122 mol of PCl3(g)

Reviews

Write a Review

Microeconomics Questions & Answers

  Effect of events on market

What will be the effect of the following events on the market for French wine and the quantity consumed? Distinguish between the short-run and the long-run impact.

  How much should be deposited now

What interest rate does she need to get to be able to retired as desired and compounded semi-annually, how much should be deposited now?

  Objective questions based on microeconomics

According to scientific nutritional studies in most nations, income of $1 a day does not provide sufficient food, shelter and clothing to live. Under these situations the medical risk of death is high.

  Intervention of government in market process in the u.s.

Explain why government regulation is needed, citing the major reasons for government involvement in a market economy and justify the rationale for the intervention of government in the market process in the U.S.

  Determine the pretrade values of price and quantity

A new item that is manufactured and consumed only in United States and France is about to be launched. In the United States, the following demand and supply curves are appropriate,

  Are there economies of scope

Your firm produces two products, Q1 and Q2. An economic consulting firm has estimated your cost function to be C (Q1, Q2) = 100 + Q1Q2 + (Q1)^2 + (Q2)^2.  Are there economies of scope?

  Explain why the waiter will provide bad service

Explain why the waiter will provide bad service and since you are interested in good service, can you convince the waiter, in a binding/credible manner that you will tip him?

  Write out final regression equation

Write out your final regression equation, with standard error in parentheses under each coefficient. Also, present statistic - F and 2R for this final regression.

  Define four-firm concentration ratio and herfindahl index

Suppose that the most popular car dealer in your area sells 10 percent of all vehicles. If all other car dealers sell either the same number of vehicles or fewer, what is the largest value that the Herfindahl index could possibly take for car deal..

  Explain a requirement of mandatory assignment

Current concerns stem from the fear that if medicare remains an open ended program, its share of the federal budge will continue to increase over time. Prepare a brief memo examining "a freeze in physicians' fees and a requirement of mandatory ass..

  What restriction on the ai is needed for wa

W(sub)a= 1/a1(Y1)+1/a2(Y2)+1/a3(Y3)+1/a4(Y4) where a(i) are the constants. a) What restriction on the ai is needed for Wa to be an unbiased estimator of mu? b) Find the variance of Wa.

  Determining optimal combination of labor-capital

Crew Brew produces a popular brand of beer in its mini-brewery located on a small river in Kentucky. Assume that capital can be purchased for $8 per unit, and labor costs $6 per unit. What is the optimal combination of inputs for the firm to employ..

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