Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A perfectly competitive firm is in the short run and has variable cost = 6q^2, and MC = 12q where q is the quantity of output produce. Also, the firm has fixed cost F = 1012.
(a) When the market price is $180, the firm should produce q = 15 to maximize profit.
(b) The firm will make $336 (Profit).
(c) *This is the part I'm having trouble with.* How do you go about finding the break-even price for this market? (I know that the breakeven price is calculate by MC = ATC = (TC/Q) and that the answer is ultimately $156. I just don't know how to get to this answer.
(d) *I'm also having trouble with this part.* Suppose the market demand is given by P=858-3Q where Q is the market quantity produced by all the firms. Assume there are "n" identical firms in the market. So Q = q * n. Find "n" (the number of firms). (*Again, I'm not sure what formula/inputs to use to get the correct answer.*)
Your student loan had an original amount of $80,000, an original maturity of 120 months and a contractual rate of 8.2%.
Which of the following is one of the justifications given for the law of supply?
Illustrate what is the ability to pay principle in public Fiance also what are some of the problems implementing it.
Plot the demand and supply curves. Describe the tax incidence- how much of the tax is paid by consumers and how much is paid by producers? Calculate the dollar value of consumer surplus, producer surplus, government revenue, and deadweight loss after..
Suppose you manage a perfectly competitive firm. Your short-run total cost is given by the following: TC=200+2q2, where q is the quantity produced by your firm. Given this total cost, the firm's short-run marginal cost is given by: MC=4q. If the mark..
Find an article on firm's production and cost from a major news media by providing title, date, source and summary of the article. Explain how this article relates to firm production and cost.
What effect would a 30 percent reduction in the number of new homes completed have on Mapco's sale.
You just graduated from Engineering and have found a good job. However, fifteen (15) months ago you found yourself in a financial difficulty and had to borrow $3,000 from a high lending company (a “loan shark”) who charged 18%, compounded monthly for..
If the U.S. economy is operating near full employment and the exchange rate increases (the dollar appreciates), explain why the Federal Reserve will be less inclined to raise interest rates.
Derive the simple bid-rent function for a model with only firms. Illustrate what factors can cause the city to grow larger.
Assume that private schools want to maximize profits and that the market for private schools is perfectly competitive.
The price consumers pay has (declined or risen ) to ($12, $14,$8 or $10) . The price producers receive has ( risen or declined) to ($12,$14,$8, or $10). How does the impact on equilibrium prices (paid by consumers and received by producers) and quant..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd