Spacely sprockets'' short-run cost

Assignment Help Business Economics

Reference no: EM13154050

Spacely Sprockets' short-run cost curve is: C(q, K) = + 15K, where q is the number of Sprockets produced and K is the number of robot hours Spacely hires. Currently, Spacely hires 10 robot hours per period. The short-run marginal cost curve is: MC(q, K) = 50 . If Spacely receives $250 for every sprocket he produces, what is his profit maximizing output level? Calculate Spacely's profits.

Reference no: EM13154050

Questions Cloud

What is the portfolio weight of stock c : Kate invested $7,400 in stock A, $11,200 in stock B, and $3,900 in stock C. What is the portfolio weight of stock C

Salary supplement for a well- known researcher : On January 1, 2012, a foundation made a pledge to pay $ 30,000 per year at the end of each of the next five years to the Cancer Research Center, a non-profit voluntary health and welfare organization as a salary supplement for a well- known resear..

How p-value helps to decide to-not to reject null hypothesis : What is a p-value in testing hypothesis? How does this p-value help us to decide to/not to reject a Null hypothesis?

How many moles of na+ are in 1.00l of the saline solution : A physiological saline solution contains 154 mEq/L each of Na+ and Cl-. How many moles of Na+ are in 1.00L of the saline solution?

Spacely sprockets'' short-run cost : Spacely Sprockets' short-run cost curve is: C(q, K) = + 15K, where q is the number of Sprockets produced and K is the number of robot hours Spacely hires.

Restrictions on beta ability to use minimum tax credit : Beta Corporation incurs a $60,000 regular tax liability and a $20,000 AMT liability. Assuming no restrictions on Beta's ability to use the minimum tax credit, what journal entry would be necessary to record tax expense?

Explain how many moles of naoh were in excess : What is the concentration of the HNO3 solution? (b) How many moles of NaOH were in excess after the first addition?

How many kilocal are required to increase the temperature : How many kilocal are required to increase the temperature of 15.6 g of iron from 122 °C to 355°C? The specific heat of iron is 0.450 J/g °C.

America''s 12-year great depression : Eighty five years ago, America's 12-year Great Depression began with a crash. The bottom fell out of the stock market on October 24, 1929, signaling the start of the longest and deepest economic decline in the nation's history. Could the crash happen..

User Account

All Pages