Find an expression for the breakeven price

Assignment Help Econometrics
Reference no: EM13238428

Suppose a firm operates as a price taker in a perfectly competitive industry. The firm's Total Cost function is given by TC = a + bQ +cQ2. Therefore the firm's marginal cost is given by b +2cQ. Find an expression for the Breakeven Price.

Reference no: EM13238428

Questions Cloud

How many active cobalt producers will be in the market : Each existing firm and every potential entrant faces an identical U-shaped average cost curve. The minimum level of average cost is $10 per ton and occurs when a firm produces 5 million tons of cobalt per year.
What is the resulting current in the wire : If the wire is heated to 40.0°C while the 7.0-V potential difference is maintained, what is the resulting current in the wire
Explain what is the most likely compound to result : An asteroid fragment contains carbon, it may burn when entering the Earth's atmosphere. What is the most likely compound to result from this process
What is the maximum amount of profit for the firm : Suppose a firm operates as a price taker in a perfectly competitive industry. The firm's TC function is given by TC = 10 +4Q +2Q2, so its Marginal Cost is MC = 4 +4Q. If the market price is P = $100, what is the maximum amount of profit
Find an expression for the breakeven price : Suppose a firm operates as a price taker in a perfectly competitive industry. The firm's Total Cost function is given by TC = a + bQ +cQ2. Therefore the firm's marginal cost is given by b +2cQ. Find an expression for the Breakeven Price.
Compute molar solubility of strontium ion : calculate molar solubility of strontium ion when solid sr(OH)2 is in equilibrium in aqueous sol. ksp=1e-7
Find what is the monopolists total cost function : Suppose a monopolist can purchase Labor at a price w = 27 and can purchase Capital at a price r = 3. The monopolist's production function is given by Q = L1/2K1/2. The demand facing the monopolist is given by P = 402 - 6Q.
Define electrochemical cell constructed from the half cells : Consider an electrochemical cell constructed from the following half cells, linked by a KCl salt bridge. • a Fe electrode in 1.0 M FeCl2 solution
How much time will have elapsed : An electron with a speed of 7.98 × 108 cm/s in the positive direction of an x axis enters an electric field of magnitude 2.25 × 103 N/C, how much time will have elapsed

Reviews

Write a Review

Econometrics Questions & Answers

  Calculate the price elasticity of demand for each group

Suppose that the eye doctor offers senior residents a discounted price for an eye exam. The demand function for senior residents is Qs = 50 - Ps, and the demand function for the general public is Qg = 60 - Pg. The marginal cost for an eye exam is ..

  What is difference of the total interest paid over 5 years

Adrian is about to borrow $2350 from his uncle. He has an option to repay the loan at the end of the year 5 with 10.75% interest per year or with 5% interest per year compounded annually. What is the difference of the total interest paid over 5 ye..

  What is the amount of the operating cost for process b

A chemical company is considering two processes for making cationic polymer. Process A will have a first cost of $100,000 and an annual operating cost of $60,000. Process B will have a first cost of $165,000. If both processes will be adequate for..

  What would be the firms cost disadvantage

Suppose that a firm comtemplating entering the market for breakfast cereal would need to invest $100 million in a production plant (or about $10 million annually on an amortized basis). Such a plant could produce about 100 million pounds of cereal..

  What if the before-tax cash flow for each year for 10 years

A compnay places a system for $3000000.00. It is expected to last 30 years with a salvage value of $250000.00. It will increase net income by $500000.00 in the first year, increasing 2.4% each year thereafter. The tax rate is 40%, and after tax MA..

  Determine who will bear the burden of the tax

Assume that Milk is perfectly elastically. If there is a $.20 tax on milk, who will bear the burden of the tax Assume producers have the legal incidence. Graphically depict and describe. Shade the loss in consumer's surplus. and deadweight loss.

  What quantity will be produced to maximize profits

You learn that the demand curve facing a monopolist can be written as P = 100 - 5Q, and the monopolist's marginal costs are constant at MC = 60. There are no fixed costs. Write down the equation of the marginal revenue curve for this monopolist.

  Calculate the labor force participation rate

Suppose that the country of Bigu has a population of 127 million, of which 83 million are in the working-age population. Of those , 25 million are not in the labor force and 52 million are employed. A) Calculate the working age population as a per..

  How much will your annual withdrawal be

put $20,000 on deposit on your 13th birthday at 5 percent compounded annually. On your 14th birthday, the account begins earning 6 percent. Then on your 15th birthday, it begins earning 7 percent. You plan to withdrawal equal amounts on your sixty-..

  Determine the impact of an increase in income

Suppose a cost minimizing firm wihses to change its scale of production and needs to know the combination of labor and capita to employ. If the firs's total cost outlay is $14. Fin the this combination using the information below

  Determine what is consumption per worker

Assume that the country possesses 50,000 units of capital and 25,000 units of labor. What is Y What is labor productivity computed from the per-worker production function Is this value the same as labor productivity computed from the original prod..

  Determine the present value of the stream of accounting

An owner can lease her building for $100,000 per year for three years. The explicit cost of maintaining the building is $35,000, and the implicit cost is $50,000. All revenues are received, and costs are borne, at the end of each year. If the inte..

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