Perfectly competitive industry

Assignment Help Business Management
Reference no: EM131191595

1. Suppose a project has two possible outcomes. There is a 40% chance that it brings a profit of 10,000. There is a 60% chance that it brings a profit of 6,400. Suppose a decision makers utility function can be described by U(w)=w^0.5. What is this project's certainty equivalence for this decision maker?

2. A producer in a perfectly competitive industry has a cost function described by TC(q)=1400+4q+0.2q^2. If the market price is 40, what is the profit-maximizing quantity for the producer?

3. A producer in a perfectly competitive industry has a cost function described by TC(q)=1400+4q+0.2q^2. If the market price is 40 and it has already committed to paying the fixed cost, what is the maximum profit for the producer?

Reference no: EM131191595

Questions Cloud

Proactive role in national advantage : Should each country's government play a proactive role in national advantage in certain industries? Why or why not? Provide suggestions, and implications for managers new developments in world trading system.
What is chloes federal income tax filing status for : Chloe is the executor of Christopher's estate and maintains the household in which she and Dylan live.- What is Chloe's Federal income tax filing status for:
Should f.b.i. have operational control over investigations : Should the F.B.I. have operational control over investigations that may involve multiple state or local jurisdictions? Why? Some people advocate that a national police force is actually needed to create more investigative effectiveness. Would you ..
Example of a company using sustainability or csr : Find and discuss another example of a company using sustainability or CSR as part of its recruiting pitch. Choose one of the UN Global Compact issues. How prevalent it is? Where in the world is it most problematic?
Perfectly competitive industry : A producer in a perfectly competitive industry has a cost function described by TC(q)=1400+4q+0.2q^2. If the market price is 40, what is the profit-maximizing quantity for the producer?
Percentage of total revenues is short term unearned revenue : What percentage of total revenues is the short-term unearned revenue as of June 30, 2008? Round to one decimal place.
Business users of product : Across (a) personal and (b) business users of this product (assuming that business users have more inelastic demand), apply own elasticity of demand as a quantitative tool to forecast changes in revenues, prices, and/or units sold.
Formulate and find the equilibrium probabilities : When there are three or more, another server is employed, so that the service rate is increased to 2µ. Formulate and find the equilibrium probabilities.
Briefly discuss ways a realistic budget will benefit owner : Briefly discuss the ways a realistic budget will benefit the owner of Babycakes versus having no budget at all. Be sure to use Babycakes as the company and any specific product details in your explanation.

Reviews

Write a Review

Business Management Questions & Answers

  What did you learn

(1a-c) What did you learn? Why is it important? How do the Economics concepts we just covered impact the economy, you and your family, your friends and your employer?

  What happens when the exchange rate of the domestic economy

The industry pledges to increase its dividend by 6.00 percent per year indefinitely. If you require an 15.00 percent return on your investment, explain how much will you pay for the industry's stock today?

  Identify and describe in detail australian-base organisation

Identify and describe in detail ' Australian-base' Organisation that successfully managed to grow by 300% over a 5-year period and succeeded by taking a risk and changing

  Change beneficial to logistics management process

The manufacturing of products such as cars or computers has shifted from take-what-you-get to made-to-order.

  What lifting iran sanctions means for world markets

Need someone to do 2 pages Essays for 2 topics, (one page for each ) about : 1- What lifting Iran sanctions means for world markets ?What is your projection on how the lifting of Iran sanctions will hit oil ?2- How do Islamic Banks make money if int..

  Algorithms that are computationally tractable

"a collection of algorithms that are computationally tractable, adequate approximations of intractably specified problems" (Partridge, 1991) "the enterprise of constructing a physical symbol system that can reliably pass the Turing

  Which areas of hr do you think will be greatest affected

Which areas of HR do you think will be greatest affected by current and future trends discussed in this course?

  Do you think the playground should be repaired and expanded

Many people believe this playground is too small and in need of repair. Do you think the playground should be repaired and expanded even if that means raising the entrance fee to the park?

  How has david pinder embraced ethical leadership

How has David Pinder embraced ethical leadership to create an ethical culture at Cardinal IG? How has Cardinal's principles and values shaped the ethical behavior of employees?

  What comments do you have concerning the discussion question

What comments do you have concerning the Discussion Question? What did you gain from the class discussion? How did the discussion relate to the readings?

  Education funding in large midwestern state

In 2004, the board of regents responsible for all public higher education funding in a large Midwestern state hired a consultant to develop a series of enrolment forecasting models

  Index add and drop companies from its index

which companies do you think should be dropped or added? Should there be more than 30 companies in the DJIA? Explain why or explain why not?

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