User Account

All Pages

You are a manager in a perfectly competitive market the

Assignment Help Business Economics
Reference no: EM13375625

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: EM13375625

Questions Cloud

A machine which has a 10 year life will cost 11000 now with : a machine which has a 10 year life will cost 11000 now with annual operating costs of 500 the first year and increasing
There are n ge 3 doctors who have created a partnership in : there are n ge 3 doctors who have created a partnership. in each period each doctor decides how hard to work. let eti
The demand for good x is given by the : the demand for good x is given by the following
Management at the macho burrito hacienda has completed a : management at the macho burrito hacienda has completed a study of weekly demand for its
You are a manager in a perfectly competitive market the : you are a manager in a perfectly competitive market. the price in your market is 45. your total cost curve is cq 10
Give the journal entry to charge standard overhead costs to : give the journal entry to charge standard overhead costs to work in process and record overhead variances for the month
The demand for the bus 207 textbook qx is given by the : the demand for the bus 207 textbook qx is given by the following equationqx 100 - 5.0 px 1.5 py - 2 pz 4.7
The tricities bus company is a regional bus line providing : the tricities bus company is a regional bus line providing transit service between coquitlam port moody and port
1in march 2002 american airlines implicitly increased the : 1.in march 2002 american airlines implicitly increased the price for low-priced business tickets. competitors did not

Reviews

Write a Review

Business Economics Questions & Answers

  Find out a product and describe its price elasticity

Find out a product and describe its price elasticity and income elasticity. How much control might an organization have over pricing based on a product's elasticity.

  Construction of tanks can be increased

Elucidate how the construction of tanks can be increased.

  Federal reserve had maintained a constant money

If the Federal Reserve had maintained a constant money supply in the face of this change, what would have happened to the interest rate.

  Q1 draw an ad-as diagram representing the us economy in a

q1. draw an ad-as diagram representing the u.s. economy in a recession. also draw a diagram of the u.s. labor market in

  Idea that a country can simultaneously pursue

Idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate.

  Explain how much interest on interest was earned

If interest paid on the account was compounded annually, explain how much interest on interest was earned.

  Explain how each of the costs of expected inflation

The costs of expected inflation cause productive resources of an economy to be directed away from their efficient allocation. Explain how each of the following costs of expected inflation distrot the allocation of productive resources:

  What advertising option do predict each company will choose

Two companies compete for a share of the soft drink market. Each worked with an advertising agency in order to develop alternative advertising strategies for the coming year (e.g., a variety of television advertisements, product promotions, in-sto..

  Determine the well being of the consumer

Suppose an individual is currently buying 10 CDs a year at a price of $10 (per CD). The price of CDs then goes up to $15 each but she simultaneously gets an after tax raise of exactly $ 50. Assuming NO other price changes, determine the well being..

  Calculate the standard deviation of the return

Suppose that a security costs $3,000 today and Pays off some amount b in one year. Suppose that B. is uncertain according to the following table of Probabilities:

  Illustrate what is the expected dividend per share

The dividend is expected to grow 7 percent a year for the next 3 years and then at 5 percent a year thereafter. Illustrate what is the expected dividend per share for each of the next 5 years.

  Qwhy cant all the balance of payments accounts be in

q.why cant all the balance of payments accounts be in surplus? what factors determine the demand for british pounds in

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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