What is the firms profit

Assignment Help Business Economics
Reference no: EM132098655

Conigan Box Company produces cardboard boxes. The market is highly competitive, with boxes currently selling for $10 per box. Conigan's total curves are: 

TC = 10 + 4q + q

where Q is measured in thousand box bundles per year. 

What is the firms profit? What is Conigan's profit maximizing quantity?

Reference no: EM132098655

Questions Cloud

Determining the marginal product of labor : If Joe's capital is currently fixed at K=9 machines. What's the marginal product of Labor?
Production function of producing computer software diskettes : The production function of producing computer software diskettes (Q) is : q=LK^1/2. The input K is fixed at 100.
What is the direction of current in the solution : In an ionic solution, 5.0×1015 positive ions with charge +2e pass to the right each second while 6.0×1015 negative ions with charge -e pass to the left.
How social and emotional intelligence are related to culture : An explanation of how social workers, in general, might apply social and emotional intelligence to social work practice.
What is the firms profit : What is the firms profit? What is Conigan's profit maximizing quantity?
How should be the receiving antenna be designed : How should a transmitting antenna be designed if a vertically polarized wave is to be radiated, and how should be the receiving antenna be designed.
Conducive to facilitating positive learning experience : What strategies for designing an online environment are most conducive to facilitating a positive learning experience?
What aspects of this theory would be most suitable : A statement as to whether you think poverty is the result of cultural or individual. characteristics; provide support for your position.
Maximum surplus for eloise : The maximum surplus for Eloise, from training the number of hours you found in part b, is $. to the nearest whole number (with no decimal places).

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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