Examining output and price relationship

Assignment Help Microeconomics

Reference no: EM1367998

Give Me a Pane, Inc., distributes window glass to hardware and building supply chains located throughout the Northeast. Like several grain and commodity markets, the market for common single-pane glass is perfectly competitive. The company's technology defines a marginal cost per pound of single-pane glass given by the relation:

MC = $1.00 + $0.0001Q

where Q is pounds of single-pane glass.

A. Calculate the industry price necessary for the firm to supply 10,000, 20,000, and 30,000 pounds.

B. Calculate the quantity supplied by the firm at industry prices of $1.50, $2.50, and $3.50 per pound.

Reference no: EM1367998

Questions Cloud

Behavioural studies - learning behaviours : Provide an overview of two leadership behavioural studies, concentrating on their implications to better understand a leader.

Create incident response policy for development of response : Create the incident response policy which covers the development of incident response team, disaster recovery process and business continuity planning.

Calculate the lowest price of a share : A corporation has issued convertible preferred stock to its venture shareholders. Every share of preferred stock is convertible into 0.75 shares of common stock and pays an yearly cash dividend of $0.13.

Immunization program for children in a day-care setting : What practical value is available via the standards for community nurses undertaking the immunization program for children in a day-care setting?

Examining output and price relationship : Compute the industry price necessary for firm to supply 10,000, 20,000, and 30,000 pounds. Compute the quantity supplied by the firm at industry prices of $1.50, $2.50, and $3.50 per pound.

Decis intrinsic motivation theory : Deci's Intrinsic motivation theory and maslow's Hierarchy of Needs theory - how these motivational theories would impact both management practices and employee performance.

Preparation of registered nurses for individual clients : Given the basic preparation of registered nurses for the care of individual clients, what difficulties might the nurse encounter in addressing the requirements of the community as client?

Which shipper service to choose for company : Your task is to choose the best shipper for company. Compare these shippers, like FedEx (www.fedex.com), UPS (www.ups.com), and the U.S. Postal Service (www.usps.gov).

Determining short run supply function : Derive the firm's supply curve, expressing quantity as a function of price. Derive the market supply curve if the company is one of 200 competitors. Compute market supply per week at a market price of $25 per rack delivered and serviced.

User Account

All Pages