User Account

All Pages

How many spaghetti dinners should the firm make each day

Assignment Help Microeconomics
Reference no: EM13148581

Suppose a competitive firm produces spaghetti dinners. The market price of a spaghetti dinner is $20. The cost of making the dinners is given by C(Q) = 10Q + (Q2/160). The marginal cost is given by MC = 10 + (Q/80).a. How many spaghetti dinners should the firm make each day?b. What if the firm has avoidable fixed costs of $1562.50?c. What is the firm's supply function if there is no avoidable fixed cost?d. What is the supply function if the firm has avoidable fixed costs of $1562.50?

Reference no: EM13148581

Questions Cloud

Is there sufficient evidence to reject claim : Is there sufficient evidence to reject the claim that the mean annual income of teachers in state of Utah is greater than or equal to the mean annual income of teachers in Oregon? Perform a one-tailed test.
Computing payback period and unadjusted rate of return : Determine the payback period and unadjusted rate of return (use average investment) for each alternative. Indicate which investment alternative you would recommend. Explain your choice.
Describe two kinds of epigenetic changes : Your blot results show that one of the genes had a band by southern blot but no mRNA or protein produced when analyzed by northern and western blot.
What part of the change in sarah''s demand : what part of the change in Sarah's demand was due to the income effect and what part was due to the substitution effect?
How many spaghetti dinners should the firm make each day : How many spaghetti dinners should the firm make each day and what if the firm has avoidable fixed costs of $1562.50?
Strategies for testing internal controls problem : Briefly describe three strategies for testing internal controls when information technology is used for significant accounting processing
What part of the change in sarah''s demand was due : When the price of pears fell to $3, what part of the change in Sarah's demand was due to the income effect and what part was due to the substitution effect?
How many burgers and how many packs of cigarettes : How many burgers and how many packs of cigarettes does Steve consumer to maximize his utility? 1.3. When a new tax raises the price of a burger to $3, what is his new optimal bundle? Illustrate your answer in a graph.
Show that stochastic process forms a submartingale : For the binomial lattice model, Sn = S0 Y1 × · · ·×Yn , suppose p = 0.75,d = 0.90, u = 1.5:When r = 0.05: Show that the stochastic process Mn = Sn /(1 + r)n , n ≥ 0, forms a SUBmartingale.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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