How much output should the firm produce in the short run

Reference no: EM13245338

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

a.How much output should the firmproduce 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: EM13245338

Questions Cloud

Explain the first steps in the radioactive decay of 257uuh : The first steps in the radioactive decay of 257Uuh involves the rapid and successive emission of 4 alpha particles

State a nuclear reaction involves the hypothetical element x : A nuclear reaction involves the hypothetical element X, which has an atomic number of 166, as a reactant. The 360X nuclide reacts with 5 neutrons yielding a nuclide of element Y along with, altogether, 2 beta particles, 5 neutrons, 3 alpha particl..

Primary responsibility for starting the cold war : Which side, the United States or the Soviet Union, bears primary responsibility for starting the Cold War, and what evidence can be presented to prove your case?

Discuss the rise and fall of kievan russia : Discuss the rise and fall of Kievan Russia. Who was responsible for the rise of Moscow, and why? What were the "time of troubles"?

How much output should the firm produce in the short run : A firm sells its product in a perfectly competitive market where other firms charge a price of $80 per unit.The firm's total costs are C ( Q) = 40 + 8Q +2Q2. a.How much output should the firm produce in the short run

Analysis of the french disdain for compromise : analysis of the French disdain for compromise. Be sure to cite specific examples from three different periods of history that either strengthen or weaken the hypothesis that the French mind-set favors the winner-take-all outcome.

How to offset the increase in the monthly rent : The owner of an Italian restaurant has just been notified by her landlord that the monthly lease on the building in which the restaurant operates will increase by 20 percent at the beginning of the year.

The potassium hydroxide are mixed with excess carbon dioxide : For the following reaction, 5.43 grams of potassium hydroxide are mixed with excess carbon dioxide. The reaction yields 6.09 grams of potassium carbonate.

The shang victory over the xsia : The Shang victory over the Xsia:

User Account

All Pages