Calculate sara profit-maximizing output

Assignment Help Microeconomics
Reference no: EM132116660

Question: Sara is a dot.com entrepreneur who has established a Web site at which people can design and buy sweatshirts. Sara pays $1,000 a week for her Web server and Internet connection. The sweatshirts that her customers design are made to order by another firm, and Sara pays this firm $20 a sweatshirt. Sara has no other costs. The table sets out the demand schedule for Sara's sweatshirts.

1834_Price.png

Calculate Sara's profit-maximizing output, price, and economic profit.

Reference no: EM132116660

Questions Cloud

What is the probability that the product : The lifetime of the product is assumed to follow an exponential distribution. What is the probability that the product will last less than 800 hours?
What was the average cost per share of treasury stock : How many shares of Exxon mobile or outstanding December 31, 2015? What was the average cost per share of treasury stock held at the end of 2014
Clearly state null and research hypotheses : Clearly state null and research hypotheses in terms of the mean scores on distraction resistance, µ, of children with bilingual upbringing.
Selection causes this market to partial market breakdown : Define adverse selection in general and in current context. Explain how adverse selection causes this market to a partial market breakdown
Calculate sara profit-maximizing output : Sara is a dot.com entrepreneur who has established a Web site at which people can design and buy sweatshirts. Sara pays $1,000 a week for her Web server.
Comparison distribution for the sample z score : (a) Clearly state null and research hypotheses in terms of the mean scores on the memory performance on negative words, µ, of anxious individuals.
Which of the markets is example of monopolistic competition : The four-firm concentration ratio for audio equipment makers is 30, and for electric lamp makers it is 89. The HHI for audio equipment makers is 415.
Performed poorly in some of the first few quizzes : A student taking DS 412, thinking the class did not seem to be so challenging, performed poorly in some of the first few quizzes
Describe what the symbol p stands for in this context : Suppose someone tests this hypothesis with 1,000 flips of a coin where it starts out heads up each time. Describe what the symbol p stands for in this context.

Reviews

Write a Review

Microeconomics Questions & Answers

  What impact would the change which shifts the economys

what impact would a change that shifts an economys production possibilities curve outward have on the long run

  Total operating revenues of public transportation authority

The total operating revenues of public transportation authority are $100 million while its total operating costs are $120 million. The price of a ride is $1, and the price elasticity of demand for public transportation has been estimated to be..

  What is strategy is most desirable from economic efficiency

Firms have tried a number of different strategies to reduce the negative effects of competition on their ability to earn economic profits. What is the strategy is most desirable from the economic efficiency and consumer well being

  Does the eoq also double

The annual holding cost per unit is $2.50, and the cost to place an order is $50. Suppose demand for TricFlexers doubles to 32,000. Does the EOQ also double ? Explain what happens.

  Show graphically what happens to the terms of trade pt pc

Suppose that Country A imposes a tariff on imports; show graphically what happens to the terms of trade PT PC .

  Calculate own price elasticity and cross price elasticity

Suppose the market supply function is Qs = 1.2P2 - 0.5PE - 10PL, where PE and PL are price of energy and labor, respectively. Calculate the own price elasticity and cross price elasticity of energy and labor if P = 20, PE = 70, and PL = 40.

  On july 1 there was 55000 of unamortized discount

sepracor inc. called its convertible debt in 2007. assume the following related to the transaction the 11 10000000 par

  Find the expenditure function

Consider the following utility function-find the hicksian deman function for x and y, find the expenditure function, without solving the utility maximization problem, recover the indirect utility function and the Marshallian demand functions.

  Example of economics that affect science

Limited funding may lead scientists to research one topic instead of another.legislators may create new laws about the use of natural resources based on the recommendations of scientists.

  What is the profit maximizing quantity

Monopoly, special case. A monopoly drug company produces a life-saving medicine at a constant cost of $10 per dose. There are 100 patients who need to take.

  Discover the sub game-perfect equilibrium

Consider a game in which there are two players, A and B. Player A moves first and chooses either Up or Down. If A chooses Up the game is over, and each player gets a payoff of 2. If A moves Down then B gets a turn and chooses among Left and Right. If..

  How does eliminate terrorism in the middle east

The President of the United States decides to eliminate terrorism in the Middle East and launches a massive ‘‘first strike'' against terrorist nations.

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