What is the marginal cost per unit for the first 50 units

Reference no: EM13213672

A purely competitive firm finds that the market price for its product is $30.00. It has a fixed cost of $100.00 and a variable cost of $17.50 per unit for the first 50 units and then $37.50 per unit for all successive units. What is the marginal cost per unit for the first 50 units? $ per unit for the first 50 units. What is the marginal cost for units 51 and higher? $ per unit for subsequent units. For each of the first 50 units, does MR exceed MC? For the units 51 and higher does MR exceed MC? What output level will yield the largest possible profit for this purely competitive firm? Producing units will maximize profit.

Reference no: EM13213672

Questions Cloud

Explain crystallizes in a body-centered cubic array of atoms : Hypothetical metal M has a molecular weight 171 g/mol and crystallizes in a body-centered cubic array of atoms in which the length of the unit cell's edge is 547.3 pm

What is the level of output that maximizes short run profits : Jones Company operates within a monopolistically competitive industry. The estimated demand for its products is given by the following inverse demand function P = 1760 - 12Q It finance department has estimated its total cost function as TC = 24,00..

Implications of the high watermark provision : The fund manager earns an incentive fee only if the fund is above the high watermark of the maximum portfolio value since the inception of the fund - Consider a hedge fund whose annual fee structure has a fixed fee and an incentive fee

Concept analysis in relation to theory development : What are the advantages of concept analysis in relation to theory development? Are there disadvantages? Why or why not?

What is the marginal cost per unit for the first 50 units : A purely competitive firm finds that the market price for its product is $30.00. It has a fixed cost of $100.00 and a variable cost of $17.50 per unit for the first 50 units and then $37.50 per unit for all successive units. What is the marginal c..

The definitions of the arrhenius and the bronsted-lowry : In aqueous solution, which of the following would be an acid according to the definitions of the Arrhenius, the Brønsted-Lowry, and the Lewis theories?

Accused accounting improprieties : Make a list of the parties that were hurt by the use of nonstandard accounting practices at HBOC. Identity the harm suffered by each party.

Has the monopoly been cited for monopoly behavior : Discuss the current monopoly to provide a brief overview of the company. How did the monopoly arise Did the monopoly increase barriers to entry Does the company behave like a monopoly or more like a competitive firm

Identify equilibrium hours of work for woman 1 and 2 : The second graph should show the situation for two women who have the same valuation of nonmarket time (shadow wage) but different market wage rates, again with one of them choosing to work in the market and the other choosing.

User Account

All Pages