Calculate the price and quantity to maximize tr

Assignment Help Econometrics
Reference no: EM13202299

Enumerate the various objectives a firm might have and how the price mechanism can be used to realize such goals. While you're at it, calculate the price and quantity to:
(a) Maximize TR
(b) Maximize total profit

If Demand P = 200-2Q, and cost TC = 200 -10Q + 3Q2 .

Reference no: EM13202299

Questions Cloud

What % of the total accounts receivable is over 90 days : What % of the total accounts receivable is over 90 days?
What makes marketing so much nore attractive : Marketing refers to the four P's in duscussing firm strategties. Why do you think price is the most powerful and important P that the firm has at its disposal What makes it so much nore attractive as a tool as compared to the other Ps
At what rate is the base of the triangle changing : At what rate is the base of the triangle changing when the altitude is 11.5 centimeters and the area is 86 square centimeters?
What is the standard deviation of the portfolio : The correlation between securities is -0.32. What is the standard deviation of the portfolio - What percentage of your investment should be in A to make the portfolio risk free?
Calculate the price and quantity to maximize tr : Enumerate the various objectives a firm might have and how the price mechanism can be used to realize such goals. While you're at it, calculate the price and quantity to: (a) Maximize TR (b) Maximize total profit
What dimensions will produce the largest total area : A rancher has 296 feet of fencing to enclose two adjacent rectangular corrals. What dimensions will produce the largest total area.
At what rate is the player distance from home plate : A baseball diamond has the shape of a square with sides of 90ft long. A player 30ft from third base is sunning at a speed 28 feet/sec. At what rate is the player's distance from home plate changing.
Explain what the rate of money growth should equal : If we assume that velocity of money is constant, does this zero-inflation goal require that the rate of money growth equal zero If yes, explain why. If no, explain what the rate of money growth should equal.
What dimensions will produce the largest total area : A rancher has 272 feet of fencing to enclose two adjacent rectangular corrals. What dimensions will produce the largest total area?

Reviews

Write a Review

Econometrics Questions & Answers

  Itemize the adjustments and the corresponding value.

The Columbia Company manufactures a battery-powered saw. Due to increased demand during the past few years, Columbia has increased plant capacity for the saw to 300,000 units. The firm's expected output and sales for the next year in their normal..

  Why the actual ex-post real interest rate is different

Suppose that David has $1000. In the beginning of a year he decided to put his money in a saving account with 5% interest rate per year. The CPI was 150 in the beginning of that year. He expected that the CPI would be 153 in the beginning of the n..

  Determine what is the gradient amount

A project generates decreasing cash flows, $10,000 one year from now, decreases $1,000 every year and the project at the end of year 6 (6 years from now). At an annual interest rate of 12%.what type of Gradient is this

  How much will the profit or loss be

5 150 300 6 150 390 Refer to the above data. If the product price is $95 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss How much will the profit or loss be Show all ca..

  What is bowens accounting profit from farming

Howard Bowen is a large cotton farmer. The land and machinery he owns has a current market value of $4,000,000. Bowen owes his local bank $3,000,000. Last year Bowen sold $5,000,000 worth of cotton. His variable operating costs were $4,500,000 and..

  Estimate the value of for sales level

Over the last one year the Four Winds Novelty Corporation has recorded its internet sales and its monthly total variable costs for a particular novelty item as demonstrate in the following table.

  Determine where is the number of berries

Suppose Zia spends her time picking berries and apples. Her production set is described by the equation , where is the number of berries and y the number of apples.

  What is the p value for a two tailed hypothesis test

in a random sample of 25 individuals, you find the average to be 44.473 movies with a sample variance of 81. what is the p value for a two tailed hypothesis test where the null is that the tru population value is 40 movies

  Calculate the coefficients for cross-price with soda pop

a) Calculate the coefficients for price, advertising, income and cross-price with soda pop. b) If the current company cost for a bag of popcorn is $0.45, including cost of corn, cost to pop it and the bag, is this the profit maximizing price?

  How much money nurses make

A clinic uses doctors and nurses optimally and is servicing the maximum number of patients given a limited annual payroll. The last doctor hired treated 1,600 extra patients in a year, while the last nurse hired treated 1,000 extra patients in a y..

  Calculate exact values for required reserves

Suppose banks are required by law to hold 5% of their deposits in reserves and total deposits are $100 million, but banks choose to hold a total of 20% of their deposits in reserves because loans are riskier and potentially unprofitable. Calculate..

  Determine should the firm lease or buy

Dakota Trucking Company (DTC) is evaluating a potential lease for a truck with a 4-year life that costs $40,000 and falls into the MACRS 3-year class. If the firm borrows and buys the truck, the loan rate would be 10%, and the loan would be amorti..

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