Find how much will the profit or loss be

Assignment Help Econometrics

Reference no: EM13206414

OUTPUT ------ TFC ---------- TVC ---------------MC
0 $100.00 0.00
1 100.00 70.00 70
2 100.00 120.00 50
3 100.00 150.00 30
4 100.00 200.00 50
5 100.00 270.00 70
6 100.00 360.00 90

(a.) Refer to the above data. If the product price is $25 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.

(b.) Refer to the above data. If the product price is $55, at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.

Reference no: EM13206414

Questions Cloud

How to calculate the equilibrium constants : Use data from appendix iib in the textbook to calculate the equilibrium constants at 25 degrees Celsius for each of the following reactions:

Formulate a linear programming model for this problem : Each new lawyer the firm hires is expected to handle 150 hours per month of casework and to work all year. All casework must be completed by the end of the year. the firm wants to know how many new lawyers it should hire for the year.

Illegitimate political behaviors such as backstabbing : What factors,in additionto those cited,do you believe lead to illegitimate political behaviors such as backstabbing?

How many milliliters of compound a are needed : ompounds only: compound A and compound B. To make this drug, parts of compound A are used for every parts of compound B. If a chemist wants to make milliliters of this drug, how many milliliters of compound A are needed?

Find how much will the profit or loss be : Refer to the above data. If the product price is $55, at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss How much will the profit or loss be. will the firm realize an economic profit, break even, ..

State the value of the equilibrium constant for the reaction : If the initial concentration of A2X is 2.00 M and 15.0% of the A2X vapor is dissociated when equilibrium is reached, what is the value of the equilibrium constant for the reaction?

Find the sample size needed to assure : Find the sample size needed to assure with 95.44 percent confidence that the sample mean will not differ from the population mean by more than 2 units.

What is the largest interval : what is the largest interval on which the solution is guaranteed to exist for the following initial value problem? (do not actually solve the equation)

How much does each type of part cost : a company orders 2 types of parts, brass and steel. One shipment contains 3 brass and 10 steel parts for a total cost of $48. A second shipment contains 7 brass and 4 steel parts for a total cost of $54. How much does each type of part cost?

User Account

All Pages