Determine profit maximizing output

Assignment Help Managerial Economics
Reference no: EM1372352

A monopolist's marginal revenue curve crosses its marginal cost curve a twenty per unit & one million units. the price that consumers are wants to pay is thirty per uint. if the it produces this output, the firm's average total cost is 35 perunit and its average fixed cost is 4 per unit. what is this producers profit maximizing output and what are its economic profits?

Reference no: EM1372352

Questions Cloud

Write application to create-print random phone number : Write the application which creates and prints random phone number of form xxx-xxx-xxxx. Include dashes in the output. Do not let first three digits to contain 8 or 9.
What mass of water flows from the nozzle : A village maintains a large tank with an open top, containing water for emergencies. The water can drain from the tank through a hose of diameter 6.65 cm. The hose ends with a nozzle of diameter 2.50 cm. A rubber stopper is inserted into the nozzl..
Marchetti action-adventure formula : Gina Marchetti writes about the link between genre and ideology. Describe this link and discuss how it works in a specific example from the action-adventure genre. Further, what are at least two ways that the action-adventure formula maintains ide..
What would be gravitational potential energy : In a performance test, each of two cars takes 9.40s to accelerate from rest to 25 m/s. Car A has a mass of 1288 kg, and car B has a mass of 1767 kg. Find the net average force that acts on (1) car A and (2) car B during the test.
Determine profit maximizing output : A monopolist's marginal revenue curve crosses its marginal cost curve a twenty per unit & one million units. the price that consumers are wants to pay is thirty per uint.
Write queries in sql and relational algebra : Write given queries in SQL and relational algebra: Determine cities from which one can fly to Toronto with one change of planes, and using same type of the aircraft for both legs of trip.
What is a subscriber cost per copy of newspaper : Wall Street Journal costs $206, payable now, for a two-year subscription. Newspaper is published 252 days per year. What is a subscriber's cost per copy of newspaper, taking interest into account.
Find the displacement in centimetres : A person wearing a seat belt can withstand an acceleration of -310m/s squared. How thick should barriers be to carefully stop a car that hits a barrier at 120km/h.
Organization or subdivision : Write a short paragraph regarding the organization or subdivision of that organization that you are studying in your SLP. Describe how people are formally and informally organized within your organization.

Reviews

Write a Review

Managerial Economics Questions & Answers

  Determine optimal level of output

Making dresses is a labor intensive process. Indeed, production function of a dressmaking company is well described through the equation Q=L-L^2/800,

  Determine output per unit of labour

According to the chief engineer at the Zodiac Corporation, Q=AL^a K^b, where L is the rate of labor input, Q is the output rate, and K is the rate of capital input.

  Find the difference in profit-maximizing price

Explain why is advertising prevalent in many oligopolies, especially when industry demand is inelastic and illustrate your answer by supposing that with advertising, a company demand curve has price elasticity of -1.5 and without advertising,

  Computing payback period, present worth and irr

As the manager of exploration for Chieftain Oil & Gas, you are  assessing    a new offshore oil recovery method that will recover oil and gas deep in the Gulf of Mexico.

  Creating market graphs and calculating equilibrium

Rochester Metro Area was hit with a major ice storm in 2003. Suppose that before ice storm of 2003, the weekly demand and supply for ice in the Rochester Metro Area were given by following equations:

  Determine the total output

Two local ready mix cement manufacturers, Here and There, have combined demand given through Q = 105 - P. Their total expenses are given by TC = 5Q + 0.5Q2 and TC = 5Q + 0.5Q2.

  The marginal product of labor

Does the marginal product of labor measure how output changes as wage price changes, or is it the average product of labor divided through the quantity of capital stock and can it be negative or is it any two of the above?

  Computing optimal level of input required

Suppose ZCorp has following short run production function Q = 50X - 2X^2 where X is the only variable input used by ZCorp to product its product, Q.

  Determine the optimal package price

The American Baker's Association reports that yearly sales of bakery goods last year rose 15%, driven by a 50% increase in the demand for bran muffins

  Marginal physical product of labor

Use the following information for a company's output at various levels of employment to compute: its marginal physical product of labor schedule; its schedule,

  Determine sales

David Ding advertises on a local radio station. For last 6-weeks, the manager has kept records of the number of minutes of advertising that were bought, and the sales for that week.

  Determine autocorrelation function of a rectangular pulse

Prepare the sketch the Fourier transform of a rectangular pulse of amplitude 10 V and width 0.1 second that is centered on the zero time axis. Determine the autocorrelation function of a rectangular pulse.

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