Produce a chart in excel showing tc and tr

Assignment Help Microeconomics
Reference no: EM133287319

Question: Your company has estimated its total cost to be TC = 185,000 + 60Q + 0.007Q2; its marginal cost is thus MC = 60 + 0.014Q, where Q is the quantity of units produced and TC is in dollars. Since your market is relatively competitive, your company is able to sell its output for $179 each (which thus yields MR = 179 and TR = 179Q).

a. Produce a chart in Excel showing TC and TR with Q on the horizontal axis. Have Q go from 0 to 10,000 units (each row of your Q column can increase by a relatively large number so that your table isn't huge). Produce a second chart showing MC and MR with Q again on the horizontal axis.

Reference no: EM133287319

Questions Cloud

Which contract would peter prefer : Which contract would Peter prefer if (1) a=0.5 , (2)a=1 or (3)a=2 Peter has the utility function u=w^a .
What is the best explanation for his excessive bleeding : What is the best explanation for his excessive bleeding? What recommendations should the hygienist make about his dietary supplements
What is the condition for breach from a socially efficient : What is the condition for breach from a socially efficient perspective and When will Party B breach? What should the court set D" equal to in order to achieve
What is the executive summary of the strategic plan : What is the executive summary of the strategic plan of hospice care expansion in the community and what are some unmet needs and its importance
Produce a chart in excel showing tc and tr : ECON 701 Louisiana State University, Shreveport Produce a chart in Excel showing TC and TR with Q on the horizontal axis. Have Q go from 0 to 10,000 units
Why lobbying leads to deadweight loses : ECON 499 St. Augustine's University Why lobbying leads to deadweight loses? (please prompt and adequate answer// public finance)
Rational business and will adjust its emissions : Rational business and will adjust its emissions in response to the pollution tax. Solve for Q to find the optimal level of pollution reduction
Calculate the total cost of this transaction : Calculate the total cost of this transaction and Advice on which supplier should be considered by the customer based on the information provided above
How will these workflow considerations help implementation : How will these workflow considerations help implementation of the change? How will these workflow considerations help keep the system change

Reviews

Write a Review

Microeconomics Questions & Answers

  Relationship between price inflation and exchange rates

What does the recent economic history of Brazil tell you about the relationship between price inflation and exchange rates?

  Level of precision needed in a short-term forecast

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..

  Explain the type of unemployment in brief

Here are four individuals telling you their stories of how they became unemployed. In a multi-paragraph essay, apply the theories of unemployment to explain.

  What was miller principal mistake

In 1979, Fed Chairman G. William Miller boosted the growth in the money supply in order to keep the economy from falling into recession and cause Jimmy Carter.

  Describe the probable effects which making the system more

a waiter takes an order at a table and then enters it online via one of the six terminals located in the restaurant

  Is the company practicing global procurement

Are any employees of your company represented by labor unions or covered by collective bargaining agreements? Are any of these employees working outside of the United States?

  Identify the components of the growth accounting formula

Identify the components of the growth accounting formula.  Discuss the weights of each of these components and the different effect that each weight has on output and each other.ECON 352 – Intermediate Macroeconomics

  Explain how adverse selection has been reduced

A health insurance company requires a prospective customer to take a physical examination.

  Define analytically the firms'' strategies

Define analytically the firms' strategies

  What is the gnp

Total reserves of mineral Z are 140 million tonnes. Current annual consumption is 18 million tonnes. If consumption is expected to grow by 4.5% a year.

  A monopolist has a marginal cost of 22 and faces a demand

a monopolist has a marginal cost of 22 and faces a demand curve of qd280-7p.i solve the monopolists profit maximization

  Changing the money supply have an impact on interest rates

How does changing the money supply have an impact on interest rates? Why does changing the interest rates have an impact on the economy?

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