What is the level of production and total profits

Assignment Help Macroeconomics

Reference no: EM132142171

Question: A firm faces the following demand curve: P = 120-0.20 * Q, and MR = 120 0.01 * Q. The firm's cost function T_C = 60 * Q + 25,000; MC = 60 (it is constant over all levels of output. If the firm maximizes profit, what is the level of production, price, and total profits. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132142171

Questions Cloud

What is the average monthly return : The past five monthly returns for K and Company are 3.45 percent, 3.74 percent, -1.70 percent, -2.05 percent, and 8.25 percent. What is average monthly return

What is the current price of the bond : A $1,000 par value bond was issued 15 years ago at a 12 percent coupon rate. It currently has 15 years remaining to maturity.

SWOT and PESTLE Analysis look like for accounting firm : What would a SWOT and PESTLE Analysis look like for an accounting firm?

Did jims mom do anything wrong according to kantianism : His mom sends emails to all the employees of her company (100 people), inviting them to stop by after work to place orders for the cookie dough.

What is the level of production and total profits : A firm faces the following demand curve: P = 120-0.20 * Q, and MR = 120 0.01 * Q. The firm's cost function T_C = 60 * Q + 25,000; MC = 60.

Need a large amount of cash : How much can you sell for your prize today at a discount rate of 8 percent as you need a large amount of cash?

Determine the completion time and tardiness for each job : Sequence the jobs with Shortest Processing Time rule. Determine the completion time and tardiness for each job.

Calculate the round-off error : Suppose a new standard, the IDDD-643 standard, is developed for storing numbers in a string of 16 bits.

Calculate the market equilibrium price and quantity : A firm invents and obtains a patent for a new strong, biodegradable fabric that is used to makegrocery bags. The demand function for these bags is Q = 800 - p.

User Account

All Pages