Determine the level of production and market clearing price

Assignment Help Accounting Basics
Reference no: EM132867726

Question - You are the manager of a midsized company that assembles personal computers. Your company's computers are distinctive, but you also realize that there many other firms that produce similar computers. You have estimated that the demand function for your company's main computer product is Q(d) = 1,000 - 2P while your cost function is C(Q) = 500 + 20Q + 5Q^2.

a. Determine the level of production and market clearing price.

b. Determine the profit or loss of your firm and what happens to your company's profits (or losses) in the long-run.

Reference no: EM132867726

Questions Cloud

How many dozen notepads should sthds order each time : Based on the lowest total annual cost (ordering plus holding plus acquisition cost), how many dozen notepads should STHDS order each time
Discuss models for successful team performance : Describe methods for setting clear performance standards and criteria. Determine the conditions necessary for teams to function effectively.
What method must be used to account for business combination : What method must be used to account for the business combination in US GAAP and IFRS? What are the steps in the method identified in the previous question
Discuss two strategies that can be used for leading change : Discuss two strategies that can be used for leading change. How do these strategies increase stakeholder support and create momentum for a change initiative to
Determine the level of production and market clearing price : You are the manager of a midsized company that assembles personal computers. Determine the level of production and market clearing price
Explain the key challenges for organizational behavior : Explain the key challenges for organizational behavior in the context of the COVID 19 pandemic. Also state related opportunities
What is risk of miscommunication in using electronic sources : What is the risk of miscommunication in using electronic sources? Provide two specific examples, and describe the different outcomes.
Areas for the establishment of a hotel in istanbul : Discuss the following areas for the establishment of a hotel in Istanbul, Turkey. For example, Marriot Hotel, and the report must include the following:
Project Motorcycles–The Comprehensive Project Plan : Describe the project scope and project management plan. Develop the following using designated project management software (e.g., Microsoft Project):

Reviews

Write a Review

Accounting Basics Questions & Answers

  In accounting for short-term debt

In accounting for short-term debt expected to be refinanced to long-term debt: (a) GAAP uses the authorization date to determine classification of short-term debt to be refinanced.

  What will Ant awareness level be next year

Andrews's product Ant currently has an awareness level of 78%. Assuming that Ant loses one-third of its awareness each year, what will Ant's awareness level be

  Compute three liquidity ratios for the two most recent years

Discuss the company's balance sheet and income statement and identify significant assets, liabilities, equity, revenue, and expense accounts.

  Define difference between sales journal and accounts

Can you distinguish between accuracy of tests of gross accounts receivable and tests of the realizable value of receivables?

  What is the amount of direct materials used during period

Lynnwood Manufacturing Company had the following account balance for the quarter ending - What is the amount of direct materials used during the period

  Compute the total fraud and negligence penalties incurred

A portion of the underpayment was shown to be attributable to Blair's negligence ($100,000). Compute the total fraud and negligence penalties incurred

  Prepare a return on investment analysis for regional manager

prepare a return on investment analysis for the regional manager of Out-and-In Burgers. This growing chain is trying to decide which outlet of two alternatives to open. The first location (A) requires a $500,000 investment and is expected to yield an..

  What is the balance in Miller investment account

June 30 Reported semiannual earnings of $110,000 for the first half of 2018. What is the balance in Miller's investment account on December 31, 2018

  What the withdrawal should be recorded in a

If the owner takes cash out of the business for personal use, the withdrawal should be recorded in a(n)? drawing account./expense account

  Which amount would be recorded in accounts receivable

The aging schedule below lists the amount and percentage that the company estimates will be uncollectible. Which amount would be recorded in accounts receivable

  Find the budgeted units of production for february

Find the budgeted units of production for February. Cardinal Company had a finished goods inventory of 55,000 units on January 1.

  Solve taxable income and income tax payable for flint corp

Flint's accounting income for 2020 is $223,600 and the tax rate is 30% for all years. Calculate taxable income and income tax payable for 2020.

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