User Account

All Pages

Calculate short-run quantities supplied

Assignment Help Basic Computer Science
Reference no: EM132254446

Farm Fresh, Inc., supplies sweet peas to canneries located throughout the Mississippi River Valley. Like many grain and commodity markets, the market for sweet peas is perfectly competitive. With $250,000 in fixed costs, the company's total and marginal costs per ton (Q) are:

TC = $250,000 + $200Q + $0.025Q2

MC = ΔTC/ΔQ = $200 + $0.05Q

A. Calculate the industry prices necessary to induce short-run quantities supplied by the firm of 5,000, 10,000, and 15,000 tons of sweet peas. Assume that MC > AVC at every point along the firm's marginal cost curve and that total costs include a normal profit.

B. Calculate short-run quantities supplied by the firm at industry prices of $200, $500, and $1,000 per ton.

Reference no: EM132254446

Questions Cloud

Describe how the lives of the elderly are different now : Describe how the lives of the elderly are different now than they were in the past few decades?
What is the long-form expression for problem : What is the long-form expression for this problem if the discount factor is unknown? (Just give the 1st, 2nd, and terminal terms in the equation.)
How you would approach situation using one leadership theory : Write a real or fictitious 400-word case study scenario representing a challenge in higher education. Include the setting, the people involved, the events.
Expansion of quantity supplied : An increase insupply and a higher price level will no longer lead to expansion of quantity supplied? is this right?
Calculate short-run quantities supplied : Calculate short-run quantities supplied by the firm at industry prices of $200, $500, and $1,000 per ton.
Compare the research methods used in both studies : Read and summarize two articles on the same topic (early childhood in special education and families or ( pre-service teacher in special education).
The functionalist opinion of bureaucracy : Write a one page paper highlighting the functionalist opinion of bureaucracy, the conflict theorist would view bureaucracy and how the symbolic interactionists.
How might a lawn mower company use segmentation : How might a lawn mower company use segmentation for positioning purposes? At present, the manual reel mower market is rather small but growing.
Popularity of classical economics : Explain how the Great Depression weakened the popularity of classical economics and opened the way to Keynesian economics.

Reviews

Write a Review

Basic Computer Science Questions & Answers

  What are the three characteristics of big data

1. What are the three characteristics of Big Data, and what are the main considerations in processing Big Data?

  Recent debate over health care

In the recent debate over health care, many have claimed that health care is a product that is too fundamentally important to be rationed

  Sequential search for an array

With the help of an example prove how a binary search can prove to be more efficient than a sequential search for an array of 10 sorted numbers.

  Dominate the worldwide software market-microsoft

As you have read in newspapers and magazines, one firm seems to dominate the worldwide software market-Microsoft.

  Evaluate the condition number of a symmetric matrix

How can you evaluate the condition number of a symmetric matrix; and how does this number relate to its numerical conditioning properties?

  Write paper on personally identifiable information

write paper on Personally Identifiable Information

  How many of the salespeople earned salaries

(Sales Commissions) Use a single-subscripted array to solve the following problem. A company pays its salespeople on a commission basis.

  Resolve the von neumann bottleneck

Does a larger RAM help resolve the von Neumann bottleneck? Justify your response.

  Single quote mark-double quote mark

Write print statement to display the following output (the single quote mark, double quote mark, and the backslash in the output must be printed using escape

  What type of system was selected for network administrator

What type of system was selected for your computer administrator. What type of system was selected for your network administrator. What type of system was selected for yourself, as business manager

  After thinking about technology and the job market

After thinking about technology and the job market, what was the single most important take-away you gained related to your current or future career?

  Write the mips commands for comment

Write a MIPS assembler program to do the following: 1. Get three integers from the keyboard

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