What is the profit maximizing level and total profits

Assignment Help Microeconomics
Reference no: EM13685635

With a Short-Run cost curve of TC=800,000-5,000Q+100Q2

P=$20,000

What is the marginal revenue function?

What is the profit maximizing level and total profits?

Reference no: EM13685635

Questions Cloud

What are the disadvantages of click-and-mortar : What are the disadvantages of click-and-mortar
Estimate is the image upright of inverted : A converging lens with a focal length of 11.2 centimeter forms a virtual image 8.10 millimeter tall, 17.8 centimeter to the right of the lens. Estimate is the image upright of inverted
Integrated marketing communications is an important : Integrated Marketing communications is an important element of marketing strategy.
Decide the optimal number of units to put in a package : A monopoly is considering selling several units of a homogeneous product as a single package. A typical customer’s demand for the product is Qd = 120 - 0.5P, and the marginal cost of production is $150. Decide the optimal number of units to put in a ..
What is the profit maximizing level and total profits : What is the marginal revenue function? What is the profit maximizing level and total profits?
Evaluate what is the diameter of the hose : Water flowing through a hose at 3.7 meter per second fills a 520 L child's wading pool in 8.3 min. Evaluate what is the diameter of the hose
The incremental annual taxable income : Zeon, a large company has a regular taxable income of $350,000. The company is considering adding some automatic equipment to its production facilities. An investment of $120,000 will produce an initial annual benefit of $89,000 however the benefits ..
Determine what is the block mass density : A 3.5 cm x 1.6 cm x 7.1 cm block floats in water with its long axis vertical. The length of the block above water is 1.7 centimeter. Determine what is the block mass density
An all-integer linear program : An all-integer linear program

Reviews

Write a Review

Microeconomics Questions & Answers

  While bob was walking in the park he found a 100 bill not

while bob was walking in the park he found a 100 bill. not finding the owner he decided to deposit it in his checking

  The village of pescatore is situated next to a medium sized

the village of pescatore is situated next to a medium sized lake in which citizens can fish from privately owned boats.

  Find economic value which can be created by a transaction

The economic value which can be created by a transaction between two people, Ed (seller) and Luis (buyer), is $50 as Ed's opportunity cost of selling is $135 and Luis' valuation of the good is $185. If each gains $25 from this transaction,

  What are the appropriate steps to follow

When an employee is being terminated, what are the appropriate steps to follow? Should the news come from a letter/email or person to person?

  Suppose that you can sell as much of a product as you want

Suppose that you can sell as much of a product as you want at $100 per unit. Your marginal cost is MC = 2Q. Your fixed cost is $50. What is the optimal level of output? What is the optimal output , if the fixed cost is $60?

  Rule for optimal input usage

According to the rule for optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company.

  Trade restrictions effects on exchange rates

Trade Restrictions Effects on Exchange Rates. Suppose that the Japanese government relaxes its controls on imports through Japanese firm.

  Relation btwn marginal product of labor and marginal cost

When the firm increases labor input, which of the following is correct about the relationship between marginal product of labor and marginal cost? Answer If marginal product is increasing, marginal cost will be decreasing. Marginal cost is equal t..

  Draw the consumers budget constraint

Draw the consumers budget constraint

  Determine the possible relative market shares

Determine to the extent possible the relative market shares of these firms. Discuss the degree of concentration in the industry using CR4, other n-firm concentration ratios, H-H indices, etc.

  1 apply the appropriate exponential smoothing model to

1. apply the appropriate exponential smoothing model to create fit estimates of the monthly data below.nbsp tell me why

  Explain how the aggregate expenditure function shifts

Explain how the aggregate expenditure function shifts in response to changes in each of the following variables:

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