Find expected profit maximizing output

Assignment Help Business Economics
Reference no: EM1370949

Q. assume equilibrium price in a perfectly competitive market is $100 and within this market, a typical firms total cost curve is summarised as C(Q)=$1000+10Q+0.5Q2

Find expected profit maximizing output?

Find expected total revenue and profit?

 

Reference no: EM1370949

Questions Cloud

Provide optimal wage-bonus package : Provide optimal wage-bonus package, compute this employees' effort, expected payoff and employer's profit. Draw a game tree for employer-employee game in parts a-c.
Find out the magnitude of the electrical field : A long straight metal wire of radius r1= 3.30E-2 m is bounded by a metalic cylindrical shell of inner radius r2= 1.39 E-1 m and outer radius r3= 1.84E-1 m.
Explain use the theory of motivation to explain the problem : Explain Use the theory of motivation to explain the problem and Use the theory of motivation to describe an intervention/action to change the motivation/behavior.
What is the volume of the interior of the house : A major-league pitcher can throw a baseball in excess of 48.7m/s. If a ball is thrown horizontally at this speed, how much will it drop by time it reaches the catcher who is 15 m away from the point of free.
Find expected profit maximizing output : assume equilibrium price in a perfectly competitive market is $100 and within this market, a typical firms total cost curve is summarised. Find expected profit maximizing output.
Create a class which holds account number : Create a class named Loan which holds the account number, name of account holder, amount borrowed, term, and interest rate. Include methods to set values for each data field.
What is change in the momentum of the tennis ball : A tennis ball of mass 57 g travels with velocity m/s toward a wall. After bouncing off the wall, the tennis ball is observed to be traveling with velocity m/s.
Illustrate what is revenue raised by government through tax : Market for this commodity is characterized by perfect competition. Government steps in and levies a unit tax of 10 on this commodity. Illustrate what is revenue raised by government through this tax.
Contrast the economics of the concentrate business : Contrast the economics of the concentrate business to that of the bottling business and Why is the profitability so different?

Reviews

Write a Review

Business Economics Questions & Answers

  What fraction x of your money should you invest in risky

What fraction x of your money should you invest in risky asset in order to maximize your utility. What happens if A is large.

  Estimated the price elasticity for cigarettes

It has been estimated that the price elasticity for cigarettes is 0.164. Assuming there are currently no taxes on cigarettes, to reduce cigarette purchases 5%, government would need to tax cigarettes enough t.:

  Price of a used ford escort has fallen

Over the past year price inflation has been 10% but the price of a used ford escort has fallen from $6000 to $5000. The real price of a ford escort has fallen by Elucidate how much.

  Explain how are presidential election outcomes

Explain how are presidential election outcomes related to the performance of the economy.

  Two nations is that the production possibilities curves

A basic assumption for comparing the straight-line production possibilities curves for two nations is that the production possibilities curves reflect.

  Elucidate why it is unlikely to be pareto efficient

neither person may trade away any water to the other for exchange for more bread. Set up an Edgeworth Box to depict this situation and elucidate why it is unlikely to be Pareto efficient.

  Explain how would you describe this industry

Industry structure is often measured by computing the Four-Firm Concentration Ratio. Suppose you have an industry with 20 firms and the CR is 30. Explain how would you describe this industry.

  Prepare two income statements using the traditional account

Make two income statements, are utilizing the traditional accounting approach another using the opportunity cost approach to determine the profit.

  Explain why new soft drink is the most profitable strategy

If you were a manager at PepsiCo, would you try to convince your colleagues while introducing the new soft drink is the most profitable strategy.

  What cost curves if any does this tax affect

Government says that firm X must pay $1000 in taxes simply because it is in business of producing a good. What cost curves if any does this tax affect and does MC change if TC changes.

  Find out and draw a graph of equilibrium under free trade

Now allow Foreign and Home to trade with each other, at zero transportation cost. Find out and draw a graph of equilibrium under free trade.

  Demand curve is much more inelastic

If the demand curve is much more inelastic than the supply curve, clarify whether buyers or sellers will shoulder more of the tax burden from a new tax placed on the sellers.

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