User Account

All Pages

What is the profit-maximizing price

Assignment Help Business Economics
Reference no: EM131427006

Please show all work.

Xina manufactures a fragrance that can is made at a factory in the United States and a plant in France:

France Cost Function:                        TCF = 2Q2F + 2QF

United States Cost Function:            TCUSA = ½Q2USA + 4QUSA

The market demand is:                       P = 243 - ½Q

A. What is the profit-maximizing price?

B. What is the Quantity produced in each Country?

C. What are Xina's total profits if the firm is effectively able to produce in both Countries?

D. Calculate the profit-maximizing level of price and output if Xina closes its United States factories? What are Xina's profits in this condition?

Reference no: EM131427006

Questions Cloud

Which one falsely describes a centralized approach : Which one of the following falsely describes a centralized approach to decision-making? Which one of the following is not part of organizing the work effort in ways that promote successful strategy execution?
Describe the basic qualities of a good entrepreneur : What is the real and perceived performance of the U.S. health care system? How do views differ among different groups of patients, providers, payers, and politicians? Explain the first three (3) steps involved in the process of investigation of a fea..
Develop workplace policy and procedure for sustainability : BSBSUS501 - Develop Workplace Policy and Procedure for Sustainability - review of the implementation of resource efficiency activities developed in Assessment Task 1.
Which of the following happened because of the bronze age : Prehistoric man was nomadic because he did not possess the technology to build permanent shelter or grow crops.Workforce specialization occurred because the population decreased and the diminished food demand meant that fewer farm hands were needed.
What is the profit-maximizing price : A. What is the profit-maximizing price? B. What is the Quantity produced in each Country? C. What are Xina's total profits if the firm is effectively able to produce in both Countries?
Owner of manufacturing facility-staffed entirely by mexicans : The owner of a manufacturing facility, staffed entirely by Mexicans, refuses employment to a white American manager because the owner is concerned that the Mexicans will only consent to supervision by another Mexican.
Who first stated that the rights of man included the right : The document that first established that there should be a court system to protect the rights of all people, and codified that all men should have the right to due process and property rights was called.Who first stated that the rights of man inclu..
Worklife that may warrant the development of expert system : To design an expert system, we must first identify a problem to be solved that is some what qualitative (fuzzy, not purely quantitative). The problem must be important and difficult enough to warrant development of an ES, and there must be an existin..
Putting price ceiling on medical service : Instead of putting price ceiling on medical service, some states (e.g. Texas) put cap on malpractice lawsuit compensation. In your opinion, does medical litigation promote the practice of defensive medicine?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd