What is the profit maximizing output if the price is p

Assignment Help Econometrics
Reference no: EM13239006

A price-taking firm's variable cost function is C = Q3, where Q is the output per week. It has an avoidable fixed cost of $2,000 per week. Its marginal cost is MC = 3Q2. What is the profit maximizing output if the price is P = $192?

Reference no: EM13239006

Questions Cloud

Major european newspaper during the baroque period : You are an art critic for a major European newspaper during the Baroque Period. Write an article for your paper comparing and contrasting Italian Baroque art and the Baroque art of Northern Europe.
Explain the molecular partition function q and plot : Consider a system with four energy levels: 0E, 1E, 2E, 3E, where E is 100K * k (E represents epsilon and k is Boltzmann's constant). Assume that there are 10 particles.
Calculate the wavelength of the sound you hear : A goose flying toward you at 11.4m/s emits a squawk, which you hear at 262Hz, Find the wavelength of the sound you hear
Find enlightenment falls under the category of noble action : Explain whether or not you think Siddhartha Gautama's quest to find enlightenment falls under the category of noble action, sacred call, or desire. Discuss how his decision to leave his family would be received in today's culture.
What is the profit maximizing output if the price is p : A price-taking firm's variable cost function is C = Q3, where Q is the output per week. It has an avoidable fixed cost of $2,000 per week. Its marginal cost is MC = 3Q2. What is the profit maximizing output if the price is P = $192
Explain what is proton pump and proton matrix : What is proton pump, proton matrix, proton gradient, and proton motive force? Please give simplies answer as possible.
What is eddies consumer surplus if pt is per message : Suppose Eddie's demand curve for text messages is T=150-500Pt, where T stands for the number of text messages and Pt represents the price of text messages. What is Eddie's consumer surplus if Pt = $.10 per message
Find the minimum distance : A woman is riding a Jet Ski at a speed of 28.8 m/s and notices a seawall straight ahead, what is the minimum distance from the seawall that she can begin making her turn and still avoid a crash
Explain p-touluenesulfonyl chloride in aqueous naoh : An unknown liquid boiling around 185 +/- 5 degrees C in 5% HCl and in a pH 5.5 buffer but is insoluble in water. Shaking the unknown with p-touluenesulfonyl chloride in aqueous NaOH produces a white precipitate that doesn't dissolve in dilute HCl...

Reviews

Write a Review

Econometrics Questions & Answers

  Regression for predicting a future value

We have three variables, Information is 2000-2005. I use OLS to Determine the model and get a standard result.

  What is to happen to money supply coz of excess reserves

If half the banks in the nation borrow additional reserves totaling $10 million at the Fed discount window, and at the same time the other half of the banks reduce their excess reserves by a total of $10 million, what is likely to happen to the mo..

  How many units would be consumed domestically

Suppose that in the domestic market for computer chips the demand is Pd = 110 Qd . The domestic supply is Ps = 10 + Qs . Foreign suppliers would be willing to supply any number of chips at a price of 30$.

  Determine the irr

An investment of $10000 generates a net revenue of $15000 per year for 10 years with the salvage values $20000 is this a good investment at i = 10% annually also determine the IRR

  Determine effective annual interest rate paid

If a person borrows $12455.37 and agrees to pay it back in 60 monthly installments of $550.55, determine a) effective interest rate paid (corresponding with payment frequency units). b) nominal interest rate paid. c) effective annual interest rate pa..

  What is the actuarially fair price of insurance

Suppose that every driver faces a 1% probability of an automobile accident every year. An accident will on average cost each driver $10,000. Suppose there are 2 types of individuals:those w/$60,000 in the bank and those with $5000 in the bank.

  What bundle of goods will maximize the utility

A consumer enjoys two goods, X and Y. The price of X is $5 and the price of Y is $10 and the consumer has $1500 to spend on these goods. The utility function of the consumer is U = Y √x ; thus MUx = 1/2 Y/ √x and MUy = √x . What bundle of goods wi..

  How much will be sold and what will the price be

If the industry is regulated in a way that requires it to set P = AC, how much will be sold and what will the price be c) If the industry is regulated in a way that requires it to set P = MC, how much will be sold and what will the price be

  Determine what is the change in worker productivity

For both sets of calculations, compare the firm's output price and the calculated average variable cost and average total cost. Should the firm shutdown immediately when the total fixed cost equals $1,000,000

  Compute the probability that earns more in a year

A corporation has 15,000 employees. Sixty-two percent of the employees are male. Twenty-three percent of the employees earn more than $30,000 a year. Eighteen percent of the employees are male and earn more than $30,000 a year.

  Calculate the sample st deviation

What is the size of the sampling error in this case b.  What is the probability that the average wait time would be less than 80 seconds c.  What is the probability that the average wait time would be more than 109 seconds d.  What is the probability..

  Determine the companys cost of equity capital last year

The stock volatility of 1.19 is somewhat higher than that of other public firms in the construction industry, and other stocks in this market are paying an average of 4.95% per year dividend. U.S. Treasury bills are returning 4.5%

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