What price does blue rose inc. charge and is it efficient

Assignment Help Econometrics
Reference no: EM131300988

Blue Rose Inc. is the only flower grower to have cracked the secret of making a blue rose. Figure 1 shows the demand for blue roses and the marginal cost of producing a blue rose. What is Blue Rose's profit-maximizing output? What price does Blue Rose Inc. charge and is it efficient?

Reference no: EM131300988

Questions Cloud

Determine what you would try to utilize in leadership roles : Write a two page papers describing the differences between leadership and management. In paper also include response to the following: a. Determine what you would try to utilize in leadership roles. b. Be sure to include examples of how you use vis..
What is samdees nopat in 2016 : What is SamDee's NOPAT in 2016?- What is SamDee's total operating capital in 2016? In 2015?-  What is SamDee's investment in operating capital in 2016?
Hr professional for barrera recycling company : As the HR professional for Barrera Recycling Company: 1. Prepare for arbitration. 2. Present a well articulated case supporting management's assertion that Erin McNamara was dismissed for just cause.
Prepare a new contribution report for december : Prepare a new contribution report for December, in which: The static budget column in the contribution report is replaced with a flexible budget column. The variances in the contribution report are recomputed as the difference between the flexible bu..
What price does blue rose inc. charge and is it efficient : What is Blue Rose's profit-maximizing output? What price does Blue Rose Inc. charge and is it efficient?
Develop properly formatted income statement for given months : Using the sales, cost of goods sold (assume at 54% of sales), and selling expense information, develop a properly formatted income statement for these months.
Provide two to three peer-reviewed sources to support : Analyze how the theories of psychopathology could explain the behavior of Jeffrey Dahmer.Consider whether psychopathology could provide any aid to persons such as Jeffrey Dahmer.Provide two to three peer-reviewed sources to support your claims.
How natural pollutants of radon-biological contaminants : Explain how the natural pollutants of radon and biological contaminants could potentially be found in residence dwellings or business buildings in rural portions of the United States, as well as under-developed third-world countries.
Explain the effect of a fall in the oil price on the market : Explain the effect of a fall in the oil price on the market for ethanol. If the price of oil remains low for some years, what will be the long-run effects on the market for ethanol and the number of ethanol producers?

Reviews

Write a Review

Econometrics Questions & Answers

  Determine what is the firms current profit

At its current level of production, a profit-maximizing firm in a competitive market receives $12.50 for each unit it produces and faces an average total cost of $10. At the market price of $12.50 per unit, the firm's marginal cost curve crosses

  What is the price of oil and quantity of oil produced

Suppose that 3 countries who form a cartel agreed to divide the oil market equally. Demand for oil is given by P=50-.1Q where P is the price of oil in dollars per barrel and Q is the Quantity in thousands of barrels per day.

  What is the cartels profit maximizing price of oil

Suppose that demand for cartel's oil is given by P=50-.1Q where P is the price per barrel and Q is the quantity produced in barrels. If the cartel's aggregate marginal cost is given by MC= 10+0.2Q what is the cartel's profit maximizing price of oi..

  What is the efficient amount to spend on fireworks

How much money will you choose to spend on fireworks, and how much on beer (Since more of everything is better, your budget constraint will hold with equality, or f + b = 50; one way to solve this, then, is to plug in 50 - f for b, and find the va..

  Describe the alternative procedures to be undertaken

Describe how the evidence will be examined (a) by whom and (b) using what type of evidence gathering technique (inquiry, inspection, confirmation, etc.);

  What are the competing merits of revaluing the gdp

What are the competing merits of revaluing the GDP of other countries through the market foreign exchange rate, and purchasing power parity?

  Calculate the income elasticity of demand

(i) Calculate quantity demanded. (ii) Calculate the price elasticity for demand. Is demand elastic, inelastic, or unit elastic (iii) Calculate the income elasticity of demand. Is the good normal or inferior

  What is probability linda lahey received exactly one e-mail

An internal study by the Technology Services department at Lahey Electronics revealed company employees receive an average of four e-mails per hour. Assume the arrival of these e-mails is approximated by the Poisson distribution.

  What is the book value at the end of year

For an asset that fits into the MACRS "all property not assigned to another class" designation, what is the book value at the end of year 7 for the asset Assume the asset has a 10-year life of use and that the cost basis for the asset is $10,000.

  Question about price ceiling

Acme Water is a privately owned firm that is sole supplier of water to a rural town in Pennsylvania. The owner of company has provided the manager of firm an incentive to maximize company's profits,

  What is your advice to return to the equilibrium situation

What is your advice to return to the equilibrium situation?

  What is 8month forward rate for one dollar in terms of won

Assuming the same interest rates, what isthe 8-month forward rate for one dollar in terms of won Is this an indirect or a directrate If the forward rate is an accurate predictor of exchange rates, in this case will thewon get stronger or weaker ag..

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