User Account

All Pages

Find the firms optimal price

Assignment Help Macroeconomics
Reference no: EM13177730

Suppose the microchip producer faces demand and cost equations given by Q= 8.5 - 0.5P and C = 100 = 38Q. Choosing to treat price as its main decision variable, it writes profit as: ?= R- C = [P(8.5-.05P)] - [100+(38)(8.5 - .05P)] = -423 +10.4P - .05P^2. Derive an expression for M?=d?/dP. Then set M? = 0 to find the firm's optimal price

Reference no: EM13177730

Questions Cloud

What is the total time the roast should be in the oven : A roast is taken from the refrigerator, where the temperature is 40? F, and put in a 350? F oven. One hour later the meat thermometer shows a temperature of 90?F. If the roast is done when its temperature reaches 140?F, what is the total time the ..
Tradeoffs between pharmaceutical and technological products : The data contained in the following table shows the tradeoffs that occur in an economy that produces only two types of products: pharmaceutical and computer-related technological products. Use the data given in the table to graph the production po..
How much caffeine is in the person body at 5pm : Write a differential equation for A, the amount of caffeine in the body t hours after 7am and give the particular solution to this differential equation. How much caffeine is in the person's body at 5pm?
Alculate the economic cost of pursuing the mba : Moreover, she can expect a 5% salary increase each year with this employer. Apply the concept of opportunity cost to calculate the economic cost (as opposed to the accounting cost, which would not factor in opportunity cost) of pursuing the MBA ov..
Find the firms optimal price : Choosing to treat price as its main decision variable, it writes profit as: ?= R- C = [P(8.5-.05P)] - [100+(38)(8.5 - .05P)] = -423 +10.4P - .05P^2. Derive an expression for M?=d?/dP. Then set M? = 0 to find the firm's optimal price
What is the median age : The general manager of a construction company compiled the ages of 50 newly hired unskilled employees. The data is shown, what is the median age.
Find for the mean of all these samples means : A certain population has a mean of 488 and a standard deviation of 31. Many samples of size 51 are randomly selected and the means calculated.
Find the firm''s optimal quantity-price and profit : Find the firm's optimal quantity, price, and profit (1) by using the profit and marginal profit equations and (2) by setting MR equal to MC. Also provide a graph of MR and MC. b) Suppose instead that the firm can sell any and all of its output at ..
Describe the shape of this sampling distribution : What is the standard deviation of this sampling distribution? (Round your answer to two decimal places.)

Reviews

Write a Review

Macroeconomics Questions & Answers

  Estimate the comet''s maximum distance from the sun

Halley's comet has a period of approximately 76 years, and it moves in an elliptical orbit in which its distance from the Sun at closest approach is a small fraction of its maximum distance.

  Explain the appropriate discretionary fiscal policy

The economy has seen unemployment rate raise from 6% to 9.5%, the inflation rate decrease from 2.8% to 1.2%, and there has been a 24% decline in consumer spending and a 45% decline in investment spending in the same time period.

  Gdp forecast and inflation

If I told you that GDP was forecast to rise by a bit more than 3% over the next year, what would that mean to you?  What should you be asking about the forecast?

  Static classical ad or yp model

Using the static classical AD/YP model, demonstrate the effect of each of the following changes.

  Describe the productivity change for every category

Describe the productivity change for every category also then determine the improvement for labor-hours, the typical standard for comparison.

  Effect of the capital inflow on the average wage paid

In 1980s, 1990s, and the 1st decade of the 21st century, the US experienced a significant inflow of capital from abroad. Use a diagram of the United States capital market, demonstrate the effect of this inflow on rental price of capital in the US and..

  Elucidate the impact of the global financial crisis

Elucidate the impact of the global financial crisis of 2008-2009 on the economies of industrialised countries and emerging markets. What effect do problems like these have on attitudes towards free trade.

  Illustrate what will the new level of nonborrowed reserves

Illustrate what will the new level of nonborrowed reserves. If interest rates do not change, what will be the new level of total reserves.

  Determining the profit maximizing output

A price-discriminating monopolist of the 3 rd degree sells output in 3 different markets. Some, but not all pairs on the 3 linear market demand curves are given below.

  What is ted''s marginal rate of substitution

Ted has preferences given by the utility function U(K,L) = K + 2L where K =pounds of Kale per month and L = pounds of lettuce per month. a. What is Ted's Marginal Utility of Kale? What is Ted's Marginal Utility from Lettuce?

  Utilize supply and demand analysis impact on the price

Utilize supply and demand analysis, the impact on the equilibrium price and quantity of new Hybrid automobiles when the following occurs

  Determine marginal propensity

A open economy has a marginal propensity to import equal to .2 and a marginal propensity to consume equal to .7. Determine propensity to save of this economy?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd