Reference no: EM132262436
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.
|
Optimal price and advertising expenditure
: Derive the monopolist's optimal price and advertising expenditure. Be sure that your answers should be a function of exogenous parameters (here c).
|
|
What was the worst aspect of the life of an auschwitz inmate
: What was life like for the children and women of the Third Reich? How did the propaganda aim at them directly? What measures were used to control.
|
|
Adjust long-term commitments
: In the long run, once people have had time to adjust their long-term commitments
|
|
Have you learned anything from the article
: The assignments consist of finding a newspaper article that appears during the time period of the course listed in the assignment, either in a local paper.
|
|
Calculate the industry prices necessary
: Calculate short-run quantities supplied by the firm at industry prices of $200, $500, and $1,000 per ton.
|
|
Refundable security deposit
: Assuming an interest rate of 6% compounded monthly, which lease is more preferable?
|
|
What are some elements that you have learned from reading
: What are some elements that you have learned from the reading and video presentation that you will incorporate when counseling Native Americans?
|
|
Decision-making process based on the information
: When you are traveling, how would you describe your decision-making process based on the information from the course?
|
|
Discuss the term arab spring and its goals
: Terrorism, as discussed in this week's lecture, is a tactic, not a movement, country, or ideology. Is it possible to wage war on a tactic?
|