How much does the firm earn in profits

Assignment Help Business Economics

Reference no: EM13152266

Suppose a firm's inverse demand was given by P = 30 - 0.2q.

1. For what values ofqis marginal revenue positive?

2. If MC was $10 per unit, how much would the firm chose to produce?

3. If FC was $200, how much does the firm earn in profits?

Reference no: EM13152266

Questions Cloud

What is the concentration of the acetic acid : If 29.1 mL of 0.4 M NaOH is used to reach the endpoint when titrating 20.1 mL of acetic acid, what is the concentration of the acetic acid in moles/L

How many atp molecules can the cell synthesize : If a cell is able to synthesize 30 ATP molecules for each molecule of glucose completely oxidized by carbon dioxide and water, how many ATP molecules can the cell synthesize for each molecule of pyruvate oxidized to carbon dioxide and water?

Unreimbursed travel expenses for business purposes : How much of Kens expenses for the four-day conference and the week exploring Gettysburg can he deduct as unreimbursed travel expenses for business purposes?

What is the equation of marginal costs : What is the equation of marginal costs? At what level of output are average total costs at their minimum?

How much does the firm earn in profits : If MC was $10 per unit, how much would the firm chose to produce? If FC was $200, how much does the firm earn in profits?

What volume will 1.56 liters of a gas occupy : What volume will 1.56 liters of a gas at 27°C and 745 mmHg of pressure occupy at 100°C and 700 mmHg of pressure?

What properties must these enzymes exhibit : An important group of peripheral membrane proteins are enzymes such as the phospholipases that cleave the head groups of phospholipids. What properties must these enzymes exhibit?

Unrealized intercompany profit in ending inventory : The amount of unrealized intercompany profit in ending inventory at December 31, 2006 that should be eliminated in the consolidation process is :

What is a contingent liability : What is a contingent liability? How is one reflected in the financial statements and the footnotes? How is this accounting treatment consistent with the concept of a liability?

User Account

All Pages