A tire company can produce a number of q tires

Assignment Help Microeconomics

Reference no: EM13856425

A tire company can produce a number of Q tires per day at a cost

TC = 500 + 2Q + 0.5 Q² price (P) $ 70, - per tire

a. Express the income (TR) and Profit (π) as a function of Q.

b. How Output (Q) which generates maximum profit and how much profit max

Reference no: EM13856425

Questions Cloud

What is meant by an investors required rate of return : Explain what is meant by an investor's required rate of return. Discuss how we measure risk in an investment. With these explanations, identify what you consider a "risky" investment and a "safe" investment.

A firm in a monopolistically competitive industry faces : A firm in a monopolistically competitive industry faces a downward-sloping demand curve because

How much is mr mouse taxable gain : A year and a half later, when the stock was valued at $41 per share, Mr. Mouse exercised his option, purchasing 1,000 shares for $35,000. Fourteen months later he sold his stock for $45 per share. How much is Mr. Mouse's taxable gain, compensation ..

Provide a site map of your e-commerce website : Provide a site map of your e-commerce website in the form of a tree diagram that shows hierarchical structure of your e-commerce website

A tire company can produce a number of q tires : A tire company can produce a number of Q tires per day at a cost TC = 500 + 2Q + 0.5 Q² price (P) $ 70, - per tire a. Express the income (TR) and Profit (π) as a function of Q.

How long may he stay on the company plan explain : Union Enterprises provides its 150 employees with a package of comprehensive benefits, including a company sponsored health insurance plan. John Jacob, age 47, was terminated last week and has applied for continued health coverage. How long may he..

Calculate each franchises payback period net present value : Calculate each franchise's payback period, net present value (NPV), internal rate of return (IRR), and modified internal rate of return (MIRR).

Present value analysis : James Hardy recently rejected a $20,000,000, five-year contract with the Vancouver Seals. The contract offer called for an immediate signing bonus of $7,500,000 and annual payments of $2,500,000. To sweeten the deal, the president of player..

Write an application to simulate distributing furniture : Write an application to simulate distributing furniture from Whole sale center to different stores in Java programin

User Account

All Pages