Determine the level of output

Assignment Help Business Economics
Reference no: EM132021708

Given the following cost function, determine the level of (nonzero) output at which the cost function is minimized, and the level of the costs. MC=200-48Q+3Q^2

Please solve, explain and show work.

Reference no: EM132021708

Questions Cloud

Mean in term of responsiveness of demand : Suppose the price elasticity of demand for TV is estimated to be 4. What does this mean in term of responsiveness of demand?
Poorer segment of the population : Tax cut is a debatable topic. Does it help or hurt the relatively poorer segment of the population?
How would you overcome the challenges : BA 602 : Identify possible issues/challenges you may encounter. How would you overcome the challenges?
Determine the level of output of commodity : 1. Determine the level of output of each commodity at which the firm maximizes its total profit
Determine the level of output : Given the following cost function, determine the level of (nonzero) output at which the cost function is minimized, and the level of the costs. MC=200-48Q+3Q^2
How many bouquets per month should she sell in the short run : Mary Magnolia in Problem 4 has variable costs equal to y2/F, where y is the number of bouquets she sells per month and where F is the number of square
What is discounted payback period : What is the discounted payback period if the discount rate is zero percent? What is its yield to maturity (YTM)?
Market value of the used vehicle be in order for its aw : What must the market value of the used vehicle be in order for its AW value to be the same as the AW if it had been kept for its full life cycle?
Discuss new skills you acquired from this class : Select five people currently in the media and discuss their exertion of one of the sources of power.

Reviews

Write a Review

Business Economics Questions & Answers

  The learning curve percentage for unit number

The time required for one team of employees to produce the first item is 100 hours. The learning curve percentage for unit number 70 is established to be 88%. what amount of time will they need to produce unit number 130?

  Calculate marginal cost of providing additional assistance

The Taxpayer Assistance Center (TAC) provides taxpayer assistance to help in the preparation of individual tax returns. The amount of assistance (A) that can be provided is a function of the number of professional accountants (P) and trained tax prep..

  Credits in the us balance of payments

1. Classify each of the following as debits or credits in the U.S. balance of payments.

  Cross-price elasticity of demand between goods

Suppose the cross-price elasticity of demand between goods X and Y is 2. How much would the price of good Y have to change in order to change the consumption of good X by 50 percent?

  How an increase in investment generates effect on gdp

Explain what the tax multiplier is and why it is less than the expenditure multiplier. Explain, in your own words, how an increase in investment spending generates a multiplied effect on GDP.

  What are the characteristics of monopolistic competition

what are the characteristics of monopolistic competition. graph the long run profit position for the monoplistically competitive firm. what is excess capacity and how is it manifested in the monoplistically competitive firm's graph.

  Appeal or sale of professional sports apparel

What economic principles tie in to the appeal or sale of Professional Sports Apparel?

  Delivers in regards to risk involved

Discuss Daniel Kahneman’s Mckinsey interview, and the message he delivers in regards to the risk involved in using inside information (one of the persistent problems in decision theory – with numerous recent examples, including the Financial Crash of..

  Free market fails at allocating efficient quantity of homes

Suppose you live in neighborhood of 30 houses with a mean value of $50,000 (PE = $50,000 QE = 30). Your neighbor has just put new landscaping in and re-sided his home. What type of externality is occurring here? Using a graph, show how the free marke..

  Formulating sound economic policies for recession

"Neither monetary policy nor fiscal policy alone can be effective in formulating sound economic policies for recession." Do you agree or disagree.

  Format of ted talk assignment

Examples of computer topic/ concept Virtual reality Format of TED Talk Assignment (Extra Credit # 1):

  Discuss the process of the medicalization

After you view the film, One Flew Over the Cuckoo’s Nest, respond to the following two questions: 1. Labeling theory refers to the idea that deviance and conformity result not so much from what people do as from how others respond to those actions. D..

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