Operates with a total cost function

Assignment Help Business Economics
Reference no: EM132492439

Suppose Henry Potter owns the only well in town that produces clean drinking water. The estimated market demand for clean drinking water in town is Q = 50 - 0.2P. He operates with a total cost function of C = 500 + 10Q.

Reference no: EM132492439

Questions Cloud

What is judds projected retained earnings under the plan : Refer to the Judd Enterprises financial statements. What is Judd's projected retained earnings under this plan? These are the simplified financial statements
How would you describe the corresponding cost implications : From the unit' readings, we note that the chances of risk events occurring and their respective costs increasing change over the project life cycle.
Distinguish between the unemployment rate : Distinguish between the unemployment rate and the labor-force participation rate.
How is expansionary monetary policy supposed to work : Since the end of the Great Recession, interest rates have been at historic lows-in some cases, close to zero. How is expansionary monetary policy supposed.
Operates with a total cost function : The estimated market demand for clean drinking water in town is Q = 50 - 0.2P. He operates with a total cost function of C = 500 + 10Q.
Analyze effects of different operating procedure : Develop a set of forecasted financial statements under alternative versions of the operating plan in order to analyze effects of different operating procedure
How has the us economy been doing in recent years : How has the U.S. economy been doing in recent years? Why do you think that is? Gather and present relevant economic statistics, such as the growth rate of real.
Cannot reinvest the interest : Suppose you are invested in an (excellent) account that pays 50% interest per year, paid monthly. The account is closed to new investment, so you cannot
Rhetorical analysis of a public document : Write a summary of the paper that includes your assessment of how well the essay meets the assignment requirements - How effectively does the thesis statement

Reviews

Write a Review

Business Economics Questions & Answers

  Funding and operating of a prison system

Should courts play a direct role in evaluating such administrative performances as the funding and operating of a prison system? Of a public school system?

  What is the price elasticity of demand for the logo t-shirts

College-logo t-shirts priced at $15 sell at a rate of 25 per week, but when the book store marks them down to $10, it finds that it can sell 50 t-shirts peer week. what is the price elasticity of demand for the logo t-shirts?

  How would the effects of international trade on the domestic

How would the effects of international trade on the domestic orange market change in the world price of oranges were above the domestic equilibrium? Draw a graph to help explain your answer.

  Developing countries often claim that growth and trade

How might you explain this result theoretically? Could this result obtain if the countries tended to be relatively small? why or why not?

  What is the marginal rate of technical substitution

A competitive manufacturer of gadgets has the following production function: Q = 20K - K2 + 30L - 2L2 . The price of gadgets, p = 1; the wage rate, w = 10; the rental price of capital, r = 16. (a) What is the profit-maximizing level of output? (b) At..

  How much did income per person change

1. Say that in 1964 a country had a labor force participation rate of 60% and by 2014 it fell to 50%. Also, assume that over this time labor productivity grew by 2% a year. How much did income per person change?

  The banks hold no excess reserves total money supply

The banks hold no excess reserves, Illustrate what will happen to the total money supply. How did you reach your answer.

  Upgrading and switching to the labor-intensive process

In evaluating projects, LeadTech’s engineers use a rate of 15%. One year ago a robotic-transfer machine was installed at a cost of $38,000. At the time, a 10-year life was estimated, but the machine has had a downtime rate of 28%, which is unacceptab..

  Exclusive investment opportunities

Your firm is considering two mutually exclusive investment opportunities, investment A has an expected IRR of 15%/year while investment

  Establish an equation for marginal revenue

a) Establish an equation for Marginal Revenue (MR), Marginal Cost (MC), Total Profit (p) and Marginal Profit (Mp).

  Joys frozen yogurt shops have enjoyed rapid growth

Joy's frozen yogurt shops have enjoyed rapid growth in northeastern states in recent years. From the analysis of joy's various outlets, it was found to the Demand curve.

  Use the principles of supply and demand

Using the principles of supply and demand, develop a plan to alleviate the shortage of math and science teachers with and this country. Try to use price and non-price determinants as your tools to reach equilibrium. Defend your position using economi..

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