Firm sells its product in the perfectly competitive market

Assignment Help Microeconomics

Reference no: EM13388369

firm sells its product in a perfectly competitive market where other firms charge a price of $80 per unit. The firm's costs are C(Q) = 40 + 8Q + 2Q2. Show your computations.

a. How much output should the firm produce in the short-run?

b. What price should the firm charge in the short-run?

c. What are the firm's short-run profits?

d. What adjustments should be anticipated in the long-run?

Reference no: EM13388369

Questions Cloud

Takap inc has present assets of 1456312 and net assets of : teakap inc. has current assets of 1456312 and total assets of 4812369 for the year ending september 30 2006. it also

Why is passion such an important characteristic of : dq1.why is passion such an important characteristic of successful entrepreneurs? what is it about passion that makes it

A marketing research firm is discussing the possibility of : 1. nbsp a marketing research firm is discussing the possibility of a major project for a real estate company. nbspthe

The target capital structure for jowers manufactoring is 47 : the target capital structure for jowers manufactoring is 47 common stock 10 prefered stock and 43 debt. if the cost of

Firm sells its product in the perfectly competitive market : firm sells its product in a perfectly competitive market where other firms charge a price of 80 per unit. the firms

Brown corporation has 1000 shares of common stock : brown corporation has 1000 shares of common stock outstanding. bob owns 300 of the shares bobs mother owns 300 shares

If dynamo wishes to change its capital structure from 75 : mampm proposition 1 dynamo corp. produces annual cash flows of 150 and is expected to exist forever. the company is

Discuss employment issues facing the public relations field : nbsp1 nbsp nbsp nbspdiscuss the importance of image to an organization.nbsp2 nbsp nbsp nbspdiscuss employment issues

Twenty-five thousand shares reacquired by elixir : twenty-five thousand shares reacquired by elixir corporation for 53 per share were exchanged for undeveloped land that

User Account

All Pages