Find the profit maximizing quantity and profit for firm

Assignment Help Econometrics

Reference no: EM13210173

the following based on the table below which is the cost of one firm in a perfectly competitive market.

Q FC VC TC MC AVC AFC ATC
0 NA NA NA NA
1 10
2 9
3 91
4 37
5 296 10
6 17
7 90
8 46
9 414
10 23.4

a) Fill in the missing items in the following table. I would suggest you complete the table, cut it out, and paste it (either electronically or physically) into your sheet you turn in.

b) Find the profit maximizing quantity and profit for firm in the short run if the price is $30

Reference no: EM13210173

Questions Cloud

Find the quantity the firm will produce in the short run : Find the quantity this firm will produce in the short run if the price of output is $20. If $20 is the short run competitive equilibrium price, find the number of firms in the market. The short run variable costs below are for a firm in a perfectly..

Calculate the program average using the formula : Program average = total program points / maximum program points possible * 100. If no programs have been turned in at this point of the semester, set the program average to 0.0.

How many total broadcast domains exist on the switch : A switch has been divided using separate VLANs for each of the following departments: Marketing, Engineering, Sales, and Administration. How many total broadcast domains exist on the switch?

Explain mol of methane is reacted : Suppose that 0.570 mol of methane is reacted with 0.720 mol of fluorine forming CF4(g) and HF(g) as sole products.

Find the profit maximizing quantity and profit for firm : a) Fill in the missing items in the following table. I would suggest you complete the table, cut it out, and paste it (either electronically or physically) into your sheet you turn in. b) Find the profit maximizing quantity and profit for firm in ..

Which of the following describes a technology : Which of the following describes a technology that delivers electrical power via Ethernet ports? Please select all that apply.

An acetone in an identical beaker under identical conditions : evaporate more quickly: 55 mL of water in a beaker or 55 mLmof acetone in an identical beaker under identical conditions?

Use java 5 to create a generic class drawingbox with a type : Use Java 5 to create a generic class DrawingBox with a type parameter that simulates drawing an item at random out of a box. This class could be used for simulating a random drawing.

Why a firm has standard shaped costs where minimum of avc : A firm has standard shaped costs where the minimum of AVC is $15 at a quantity of 9 and the minimum of ATC is $45 at a quantity of 15. The fixed cost is $345. Draw a picture of the MC, ATC, and AVC for this firm specifically labeling the values fo..

User Account

All Pages