What is the profit maximizing quantity

Assignment Help Business Management
Reference no: EM131283997

Suppose TC + 6Q and P = 50-2Q

a) What is the profit maximizing quantity?

b) What is the corresponding profit maximizing price?

c) What is the value for the price elasticity of demand at this profit maximizing P, Q?

Reference no: EM131283997

Questions Cloud

How this reading relates to chapter 10 : 1. How this reading relates to chapter 10? 2. What parts of the GDP this article talks about? Explain and provide examples. 3. What did you find interesting/not interesting in this article?
What need or problem does the business address : What need or problem does the business address? Can you profile your customers? Age? Gender? Income level? Location? etc... (market research) How big is the market? (market research).
How does your policy achieve the stated goal : This assignment asks you to succinctly summarize and analyze legal arguments while tasking you with creating public policy to achieve a social good as the FCC attempts to do. Please complete the following sections. Detail your policy solution keeping..
Active monetary and fiscal policy : This is for an economics 372 class and has to be original. Select two subjects from the following list of topics and write a 1,050-word analysis:
What is the profit maximizing quantity : a) What is the profit maximizing quantity? b) What is the corresponding profit maximizing price?
Marginal revenue from the pizza sold : The staff cannot produce more than 300 pizzas per week. Assuming that fixed costs are $300 per week, what is its marginal revenue from the 200th pizza sold this week? Explain
Which company is more likely to win the global coffee wars : Should Starbucks enter the Italian coffeehouse market? Why or why not?-  In the long run, which company is more likely to win the global "coffee wars," Starbucks or McDonald's?
Who are the marginal people in your community why : Who are the marginal people in your community? Why? Must use Chesapeake, VA. Must be at least 300 words and in APA format (do not include reference page in word count).
Why was the response to hurricane katrina so ineffective : How did the poor response to the Hurricane Katrina disaster change emergency management in the United States?

Reviews

Write a Review

Business Management Questions & Answers

  Benefits of using data to inform decision making

Do you feel that it is important for a supervisor in a technology-based company to collect and utilize data to inform their decision making process, as it relates to the operation of the company?

  Explain how a manager''s behavior can affect the productivity

Explain how a manager's behavior can affect the productivity of his or her workers and describe the types of management action that align with employment laws and those that do not.

  Macroeconomics and microeconomics-impact on daily lives

Describe two economic examples of issues that affect our decision making process and that may change our quality of life.

  Training class on how to become rww certified

Which documents should Maria read before attends the training class on how to become RWW Certified as an ISO 27000-compant organization? Support your response.

  Produce the biggest troubles for your small business

Develop a plan on how your company would justify the government to award your company the contract when the form of this contracting supports larger companies.

  Problem regarding the school-level data set

Use the data in BENEFITS.RAW to answer this question. It is a school-level data set at the K-5 level on average teacher salary and benefits. See Example 4.10 for background.

  What are possible reasons for difference between two rates

The spot rate on the euro is $1.39, and the 180-day forward rate is $1.41. What are possible reasons for the difference between the two rates?

  A consumer perception study of four brands of bicycles

A consumer perception study of four brands of bicycles

  Purpose of advertising and promotion

Present arguments as to why communications objectives must also be considered.

  Hazard classesresearch a news article that covers one of

hazard classesresearch a news article that covers one of the nine major hazard classes. identify the hazard and explain

  Identify at least two unique challenges in matrix structure

Identify at least two unique challenges in a matrix structure. Describe the differences in the roles of the Board of Directors, CEO, and shareholders. How does span of control affect the structure of an organization and managerial effectiveness?

  Illustrate what are some companies which maximize financial

Illustrate what are some companies which maximize financial value for shareholders and act responsibly in the community in which they operate, to treat their workers.

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