How many units will the firm produce in the short-run

Reference no: EM13201266

Average Average
Variable Total Marginal
Quantity Cost Cost Cost
1 $ 50 $ 90 $ 50
2 45 65 40
3 40 53 30
4 35 45 20
5 34 42 30
6 35 41 40
7 37 43 50
8 40 45 60
a) At a product price of $ 40, how many units will this firm produce in the short-run? EXPLAIN. What will be its profits or losses?

b)At a product price of $ 50, how many units will this firm produce in the short-run?

c) At a product price of $ 60, how many units will this firm produce in the short-run?

Reference no: EM13201266

Questions Cloud

State what is the chance that both circuits : What is the chance that both circuits she selects will be defective? Show step by step work! Approximate the solution to the nearest ten thousandth.

State proposition hold without absolute converge : Show that if sum a_n converges absolutely then sum a^2_n also converges absolutely Does this proposition hold without absolute converge

What will each country specialize in : Assume that before specialization and trade, Latalia produced combination B and Trombonia produced combination C. Assume these two nations now specialize completely based on comparative advantage.

State a function and five ordered pairs : explain how you could form five ordered pairs that would represent a function and five ordered pairs that would represent a relation. Explain your reasoning.

How many units will the firm produce in the short-run : At a product price of $ 40, how many units will this firm produce in the short-run b)At a product price of $ 50, how many units will this firm produce in the short-run c) At a product price of $ 60, how many units will this firm produce in the short..

Were smith liable for smoke damage and the cost of filter : Smith can produce with or without a filter on his smokestack. Production without a filter results in greater smoke damage to Jone. The relevant gains and losses are as follows: Gains to Smith: $200/wk with filter; $245/wk without filter.

Explain the system of equations : A condition of the trust is that exactly 3.4 of the fund must be invested in bonds and CDs. How much should the bank invest in each category. Give the system of equations.

Give another quadratic equation with the quadratic formula : Provide another quadratic equation for your classmates to solve with the quadratic formula.

Which gives rise to a marginal factor cost curve of mfc : A monopsonist's demand curve for labor is given by w = 12 - 2L, where w is the hourly wage rate and L is the number of person-hours hired. a. If the monopsonist's supply (AFC) curve is given by w = 2L, which gives rise to a marginal factor cost cur..

User Account

All Pages