User Account

All Pages

Perfectly competitive environment

Assignment Help Business Management
Reference no: EM131695377

Total Costs for a firm are given by: TC = 1Q2 + 10Q.

Marginal Costs for that same firm are given by: MC = 2*1Q + 10. 

If this firm is operating in a perfectly competitive environment and is a price-taker, what would their total profits be if the market price was $30.9? 

Hint: Remember the firms produce where MC = P. Their revenue is P*Q, and profits are revenue minus total costs. 

Round your answer to two decimal places. Do not include a $ sign.

Reference no: EM131695377

Questions Cloud

Real gdp is likely to increase : For each of the following indicate if the 2010 real GDP is likely to increase, to decrease, or to remain the same, Ceteris Paribus.
Discuss an effective disaster communications strategy : The foundation of an effective disaster communications strategy is built on five critical assumptions
Calculate the materials price variances : Calculate the materials price variances and materials usage variances for granite and for glue for the past six months.
What have been the benefits and costs to canada : What have been the benefits and costs to Canada of its free trade agreement with the united states
Perfectly competitive environment : If this firm is operating in a perfectly competitive environment and is a price-taker, what would their total profits be if the market price was $30.9?
Identify which make islam a tougher sell in many cultures : What cultural issues can you identify which make Islam a tougher sell in many cultures - especially Western ones
How much of her gain is taxed : Assuming Jeanie is in the highest tax bracket for ordinary income and the Medicare surtax applies, how much of her gain is taxed at 28.8 percent
What would be the quantity of net exports in country a : If there is free trade between these two countries, what would be the quantity of Net Exports in Country A?
Write a shell script to locate executable files : Write a shell script to locate executable files. This script takes a list of file names from the command line and determines which would be executed.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd