User Account

All Pages

What are the firm short-run profits

Assignment Help Business Economics
Reference no: EM131423908

A firm sells its product in a perfectly competitive market where other firms charge a price of $90 per unit. The firm's total costs are C(Q) = 50 + 10Q + 2Q2.z

a. How much output should the firm produce in the short run?

b. What price should the firm charge in the short run?

c. What are the firm's short-run profits?

d. What adjustments should be anticipated in the long run?

Reference no: EM131423908

Questions Cloud

Read the raygen company slum case study : Your essays will be graded on content to include grammar and spelling. While there is no end to what you might write you must convey your thoughts in essay of at least four to five pages excluding cover page and references section.
Keeping employees motivated is crucial to sucess of project : Keeping employees motivated is crucial to the sucess of a project. One way to motivate an employee is to move him/her between two or more jobs. this is also known as ........., another technique of employee motivation is ........., in which the emplo..
Discuss strategies for conducting an appraisal interview : Research and report your findings on the following: A minimum of three performance appraisal methods (Trait or Behavioral), Strategies for conducting an appraisal interview and Reliability of appraisals
Describing the types and functions of research designs : Write a 750-word paper describing the types and functions of research designs. Address each of the following in your paper:
What are the firm short-run profits : a. How much output should the firm produce in the short run? b. What price should the firm charge in the short run? c. What are the firm's short-run profits? d. What adjustments should be anticipated in the long run?
To what extent is karen st. jean a backstabber : You be the manager. What should the managers at Houston's have done when they learned about the negative comments on MySpace?
Paper on depression on college students : Paper on depression on college students.
Disadvantages of a product-divisional structure involves : One of the disadvantages of a product/divisional structure involves
Compute the doubling time : 1. The population of the world in 2003 was 6.314 billion. It grew between 1975 and 2003 at an annual rate of 1.6%. Assume that it continues to grow at this rate. a. Compute the doubling time. (Understand the Rule of 72)

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd