Calculate a marginal cost and an average cost

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Reference no: EM137573

Q. Television channel operating profits vary from as high as 45 to 55 percent at MTV as well as Nickelodeon down to 12 to 18 percent at NBC as well as ABC. Provide a Porter Five Forces analysis network of each type. Why is MTV so profitable relative to the major networks?
6. Assume that a firm in a perfectly competitive industry has the following total cost schedule:
O UT P UT (UN I T S ) T O TAL CO S T ( $ )
10 $110
15 150
20 180
25 225
30 300
35 385
40 480

a. Calculate a marginal cost as well as an average cost schedule for the firm.

b. If the prevailing market cost is $17 per unit, how many units will be produced as well as sold? What are profits per unit? What are total profits?

c. Is the industry in long-run equilibrium at this cost?

Which of the following products as well as services are likely to encounter adverse selection problems: golf shirts at traveling pro competitions, specialized gemstones from Tiffany's, graduation reward travel packages, also mail-order auto parts? Why or why not?

Reference no: EM137573

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