How many boxes should beta produce

Assignment Help Business Economics
Reference no: EM131974164

Beta Industries manufactures USB memory sticks that consumers perceive as identical to those produced by numerous other manufacturers. Recently, Beta hired an economist to estimate its short-run cost function for producing boxes of one dozen USB sticks. The estimated total cost function is given by: TC: 1000 + 2q2, where q is the number of boxes produced. Accordingly, marginal cost is MC=4q. If the market price of a box of USB stick is $100, how many boxes should Beta produce and sell in the short-run? How much profit will Beta earn at this quantity?

Reference no: EM131974164

Questions Cloud

How much will you have in your bank account on august : How much will you have in your bank account on August 1st of the same year? Consider an interest rate of 12% per year.
Calculate both basic and diluted earnings per share : The Sarasota Corporation issued 10-year, $4,390,000 par, 7% callable convertible subordinated debentures. Calculate both basic and diluted earnings per share.
What is the expected life of the subsystem : Assuming that the mean lifetime of a battery is exponentially distributed with expected lifetime of 2000 hrs. What is the expected life of the subsystem?
Determine the short-run equilibrium market price : Suppose there are 10 firms in a perfectly competitive market, with each facing the following short-run total cost: TC = 16 + q2, where q is each individual firm
How many boxes should beta produce : If the market price of a box of USB stick is $100, how many boxes should Beta produce and sell in the short-run? How much profit will Beta earn at this quantity
What is the weighted-average unit contribution margin : The unit contribution margins are exist2.85 and exist6.60, respectively. What is the weighted-average unit contribution margin?
How has the sarbanes-oxley acts impact : How has the Sarbanes-Oxley Act's impact and the Securities and Exchange Commission's mandate to the PCAOB established higher standards for corporate governance.
How much estate tax is due for each of the items : Determine how much of each is included in the gross estate. The question is based on determining how much estate tax is due for each of the items.
Extreme monetarist point of view : Describe the IS LM curves from an extreme monetarist point of view.

Reviews

Write a Review

Business Economics Questions & Answers

  Simple supply and demand model

Assume the following simple supply and demand model: Assume a supply and demand diagram with P measured on the vertical axis and Qd and Qs measured on the horizontal axis. The sign of the derivative of Qd with respect to Pr suggests which of the foll..

  What assumptions were made that might be revisited

GoodBite is interested in selling a new form of teeth whitening strips. They dissolve in your mouth and leave less of a gunky residue feeling than current competitors’ products do.  White strips seem to appeal to people 20–29 years old. Should they l..

  Lifetime savings accounts

Lifetime Savings Accounts, known as LSAs, allow people to invest after-tax money without being taxed on any of the gains. If an engineer invests $10,000 now and then increases his deposit by $1000 each year through year 20, how mu ch will be in the a..

  Credit risk faced by commercial banks and moral hazard

Credit Risk faced by commercial banks: Moral Hazard

  Data transmission technologies associated with the protocol

Define each protocol and describe at least two data transmission technologies associated with the protocol.

  Efficient way to support domestic producers

For a small-country importer, which produces a quantity Q0 domestically under free trade, the most efficient way to support domestic producers is

  What is the present equivalent of rental income

Suppose that annual income from a rental property is expected to start at $1,350 per year and decrease at a uniform amount of $55 each year after the first year for the 12-year expected life of the property. The investment cost is $8,200, and i is 9%..

  Proportion of two parts gin to one part vermouth

Mr. A derives utility from martinis (m) in proportion to the number he drinks: U(m) = m. However, Mr. A is very particular about his martinis: He only enjoys them made in the exact proportion of two parts gin (g) to one part vermouth (v). Calculate t..

  Technology changed the nature of work

In what ways has computer technology changed the nature of work? Include discussion of both the type of work people do and where they do it.

  Government have to increase the provider of housing

Explain how many units of housing would the government have to increase the provider of housing in order to get the market equilibrium rental cost.

  Relates to international commercial activities

Argue whether you favor or oppose the doctrine of sovereign immunity, and provide specific reasons supporting your opinion of sovereign immunity

  Require an initial investment and yield a rate

Alternative I require an initial investment of $20,000 and will yield a rate of 15% per year. Alternative C which requires a $30,000 investment will yield 20% per year. Which of the following statements is true about the rate of return on the $10,000..

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