What is the price per item when the marginal profit is zero

Assignment Help Econometrics

Reference no: EM131175614

In the cost and demand equations are given.

(a) Determine the profit function.

(b) What is the profit when the level of production is 100?

(d) What is the price per item when the marginal profit is zero?

(e) Sketch the profit function.

(f) What is the level of production when the marginal profit is zero? What does it represent?

Reference no: EM131175614

Questions Cloud

What is the cost of producing the 100th bicycle : What is the error in using the derivative to approximate the marginal cost of the 100th bicycle?

What is the cost of producing the 89th item : Let C1x2 = 2x2 + 300x + 50 be the cost of producing x items. What is the cost of producing the 89th item? Give both the exact and approximate answers.

Find the exact revenue derived from the 41st item : What is the error if the derivative is used to approximate the marginal revenue?

Find the revenue and marginal revenue functions : Suppose that the number of riders per day on the New York City subway system is 4 (million) when the fare is $2.00. Suppose that the ridership will drop to 3.8 (million) when the fare is raised to $2.25.

What is the price per item when the marginal profit is zero : What is the level of production when the marginal profit is zero? What does it represent?

Compute warrens actual return on plan assets : For Warren Corporation, year-end plan assets were $2,000,000. At the beginning of the year, plan assets were $1,780,000. Compute Warren's actual return on plan assets.

Why you oppose adding the proposed equal rights amendment : Write a 200 to 500 word explanation of why you support or oppose adding the proposed Equal Rights Amendment to the Constitution. Make sure that you include some discussion of 14th Amendment levels of scrutiny in your explanation

Determining what evidence reveals to you about a crime : Propose one (1) testable hypothesis to explain / solve the problem you have selected. State the expected outcomes of your actions and include criteria for determining whether or not these actions would succeed. Note: Your hypothesis should be stat..

What is the minimum initial velocity : A ball is to thrown vertically upward from the ground so that it may be caught by an individual on a ledge 128 feet high. What is the minimum initial velocity with which it may be thrown?

User Account

All Pages