Calculate output-price and economic profit

Assignment Help Econometrics

Reference no: EM13241312

P=54-1.5Q
MR=MTR/MQ=54-3Q
TC=200+6Q+0.5Q^2
MC=MTC/MQ=6+1Q
at profit max, Q=12 and P=36
calculate output, price and economic profit (show how you get there) and point price elasticity of demand.

Reference no: EM13241312

Questions Cloud

By how much may the deposit expand the total money supply : If Martha finds $10,000 under her mattress and deposits it in a demand deposit, by how much may the deposit expand the total money supply Assume that the legal reserve requirement (required reserves ratio) is 20%.

Define what is the concentration of caffeine in the solution : A 16.0 ounce specially drink contains 349 mg caffeine. what is the concentration of caffeine in this solution? one fluid ounce is equivalent to 29.57ml. the formula for caffeine is c8H10N4O2

In a normal distribution curve with mean as 55 and standard : In a normal distribution curve with mean as 55 and standard deviation as 10 what will be the area on the right side of the curve and how?

History essay about Ibn Batutta : I am writing a History essay about Ibn Batutta. There are five parts to this essay. First is the introduction about him by giving a brief summary of the figure. Second is talking about the impact he had during his time or in the present day. Third is..

Calculate output-price and economic profit : TC=200+6Q+0.5Q^2 MC=MTC/MQ=6+1Q at profit max, Q=12 and P=36 calculate output, price and economic profit (show how you get there) and point price elasticity of demand.

How do you calculate an exact 99% confidence interval for : Out of a random sample 167 students pass an exam out of the 300. how do you calculate an exact 99% confidence interval for the proportion of sudents who passed the exam?

Find the second force in unit-vector notation : There are two forces on the 2.13 kg box in the overhead view of the figure but only one is shown. For F1 = 26.7 N, a = 14.5 m/s2, and ? = 31.1°, find the second force in unit-vector notation

What would the minimum z-score be : If an A is given to a student who scores 90% or above, what would the minimum z-score be for a 300 multiple choice question test with a mean of 195 and a standard deviation of 30?

Stepwise mechanism for the preparation of 3-methylenedioxych : Please give a balanced equation with a stepwise mechanism for the preparation of 3,4-methylenedioxychalcone from piperonaldehyde and acetophenone (with ethanol)

User Account

All Pages