Solution-What level of output should you produce

What level of output should you produce

Assignment Help Business Economics

Reference no: EM13151917

You are a manager in a perfectly competitive market. The price in your market is $45. Your total cost curve is C(Q) = 10 + 2Q + .5Q2 and MC = 2 + Q.
a. What level of output should you produce in the short run?
b. What price should you charge in the short run?
c. Will you make any profits in the short run?
d. What will happen in the long run?

Reference no: EM13151917

Questions Cloud

Describe the various strategies for the excretion : Describe the various strategies for the excretion of nitrogenous wastes employed in higher animals (chordates), both human and non-human.

Costs of operating the helpline : Mire Corporation staffs a helpline to answer questions for customers. The costs of operating the helpline are variable with respect to the number of calls in a month.

How many grams of methane must be combusted : How many grams of methane must be combusted to heat 1.15 of water from 26.0 to 87.0, assuming as a product and 100% efficiency in heat transfer?

Example of expense in respect of decedent : An example of an expense in respect of a decedent is the state income taxes attributable to the taxpayer's last paycheck, uncollected at death.

What level of output should you produce : What level of output should you produce in the short run?b. What price should you charge in the short run?

Explain linear fit for independent variable observed : The independent variable observed, and y, the independent variable predicted) and are assumed to be normally distributed with mean = 0 and 2 variance how good is the linear fit?

Give the journal entry to charge standard : Give the journal entry to charge standard overhead costs to work in process and record overhead variances for the month given the following information: Actual overhead $21,580 Standard overhead $20,000,Volume variance $2,080 U Spending variance $150..

Calculate the overhead allocation rate : Calculate the overhead allocation rate. Compute the amount of under- or overallocated overhead. Calculate the ending balances in work in process, finished goods and cost of goods sold if under overallocated overhead is:

Interest in financial information about company : Boeing Company is the largest manufacture of commercial aircraft in the United States and is a major employer in Seattle, Washington. Explain why each of the following individuals or organizations would be interested in financial information about..

User Account

All Pages

What level of output should you produce

Reference no: EM13151917

Reference no: EM13151917

Questions Cloud

Reviews

Write a Review

Business Economics Questions & Answers

How much does it cost to make a pair of nike

Determine the demand for money

For every level of output which technology is cheapest

Weigh the risk also benefits of outsourcing internationally

Elucidate how these tendencies lead to religion becoming

Copyright on zatab

Two nations is that the production possibilities curves

Compute unemploymet rate and labor forceparticipation rate

What would you do shut down or continue to operate

Explain how does the price elasticity of demand for corn oil

Elucidate how each of these tools works

Does either player have a dominant approach

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT