Operatingin a purely competitive market

Reference no: EM131013655

Assume that a firm is operatingin a purely competitive market and that its input-output relationship is of thefollowing form:<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

<?xml:namespace prefix = v ns = "urn:schemas-microsoft-com:vml" /> and P_x1 =$1 and P_x2=$1

There is no fixed cost. At how many units of output, Y, will thefirm maximize the net returns when the price of the product, P_y =$27?

Reference no: EM131013655

Questions Cloud

Describe the influence of the situations on personality : Provide a summary of the scenario. Decide on two theorists associated with studying person-situation interactions and apply their theories to the scenario. Describe the influence of the situations on personality and behavior

Find electric field intensity required to produce a current : Find the electric field intensity required to produce a current of 0.1 A crossing an area of 1 cm2 normal to the field for the following materials: copper, aluminum, and sea water. Then find the voltage drop along a length of 1 cm parallel to t..

What is minimum price hank would need to receive : Hank purchased a $26,500 car two years ago using a 8 percent, 4-year loan. He has decided that he would sell the car now, if he could get a price that would pay off the balance of his loan. What’s the minimum price Hank would need to receive for his ..

Contain c, h, and o, is the main energy source : Contain C, H, and O, is the main energy source for the body, protect and lubricate the cell, absorb water to lubricate skeletal joints, and participate in cell cell recognition and adhesion processes

Operatingin a purely competitive market : Assume that a firm is operatingin a purely competitive market and that its input-output relationship is of thefollowing form:

Find the operating cash flow : In 2008 long-term debt is 2.55 million, common stock is 760,000 and additional paid in surplus is 6.3 million. In 2009 LTd is 3.85 million, common stock is 905,000 and additional paid in surplus is 8.5 million, 550,000 dividends paid, interest is 350..

What is consequence of a wave incident on perfect conductor : Summarize the boundary conditions for the general case of a boundary between two arbitrary media, indicating correspondingly the Maxwell's equations in integral form from which they are derived.

Discuss the potential of the media to advance public health : Discuss in your own opinion who controls the media and why it is powerful, and discuss the potential of the media to advance public health. Discuss the potential of the media to advance public health

Cells are treated with fluorescent dy : Cells are treated with fluorescent dyes which absorb light at one wavelength and emit it at another longer wavelength?

User Account

All Pages