Solution-Represents the price per unit

Represents the price per unit

Reference no: EM131079683

Suppose company XYZ produces a differentiated commodity. The company has substantial control over the price of the product. The company's cost function is estimated to be TC = 200 - 20Q + Q2, where Q is the volume per day. The firm also has the following demand equation P = 60 - 2Q, where P represents the price per unit and Q the volume of daily sales.

Given above information how much profit will the company make or how much loss will the company incur?

Reference no: EM131079683

Questions Cloud

Community college budgets depend on the number of students : Most nurses in the United States receive their education in community colleges. Mainly because of differences in class size, the cost of educating a nurse is about four times that of an average community college student. Community college budgets dep..

Demand curve facing a perfectly competitive firm : Explain the difference between the demand curve facing a monopoly firm and the demand curve facing a perfectly competitive firm.

Drawing on current business publications : Drawing on current business publications, find an article in which either fiscal or monetary policy makers were describing their goals of maintaining stable prices, full employment, and adequate economic growth over time.

Find the inverse demand curve : The demand curve for product X is given by QXd = 300 - 2PX. Find the inverse demand curve. How much consumer surplus do consumers receive when Px = $45? How much consumer surplus do consumers receive when Px = $30

Represents the price per unit : The company's cost function is estimated to be TC = 200 - 20Q + Q2, where Q is the volume per day. The firm also has the following demand equation P = 60 - 2Q, where P represents the price per unit and Q the volume of daily sales.

Producer surplus for a group of sellers : The following graph shows the supply curve for a group of sellers in the U.S. market for Blu-ray players (orange line). Each seller has only one Blu-ray player to sell. The market price of a Blu-ray player is shown by the black horizontal line at ..

Examine all four components of gdp : Examine all four components of GDP (C, I, G, and Xn). Which of these four components of AD are rising and which are dropping? On the top right corner of the page, you can click Modify to select prior years.

Choice between lobster and steak for dinner : Dianna has a choice between lobster and steak for dinner. The lobster dinner costs $30, and gives her utility of 60, while the steak dinner costs $20 and gives her utility of 50. Which should Dianna choose? Robert spends all his income on dancing sho..

Can the program counter be eliminated using top of stack : Can the program counter be eliminated by using the top of the stack as a program counter?

User Account

All Pages

Represents the price per unit

Reference no: EM131079683

Reference no: EM131079683

Questions Cloud

Reviews

Write a Review

Macroeconomics Questions & Answers

Suppose a consumer has 80 to spend on movie tickets and dvd

Use the following to answer questions 1-4gross private

Ilustrtate what has this got to do with consumer surplus

What is the current macroeconomic situation

Categorize visitor to many national parks pay anentrance fee

Show the competitive position more different firms

1 if the marginal propensity to consume in a municipality

Describe when and why central banks buy either their own

Which nation has a comparative advantage

What is real gdp for 2009 and 2013

Describe each technique and explain strengths and weaknesses

Percent price increase would have on the demand

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT