User Account

All Pages

What is the maximum profit this firm could make

Assignment Help Microeconomics
Reference no: EM132482353

Suppose that a perfectly competitive firm has Fixed Cost = 20 and Variable Cost = 2q2, so that MC = 4q. What is the maximum profit this firm could make if the market price of the good is $24?

Reference no: EM132482353

Questions Cloud

Calculate all of the ratios for all five years : Using the financial statements for a mystery company provided on the assignment spreadsheet below, calculate all of the ratios for all five years.
How the information you gleaned from the course : Explain why those competencies are important and how the information you gleaned from this course will improve your own leadership style and strategy.
International trade agreement : Suppose that, as part of an international trade agreement, the U.S. government reduces the tariff on imported medical supplies. Will this affect the supply
What form of business organization is facebook : What form of business organization is Facebook? Identify what line item flows from the income statement to the statement of retained earnings.
What is the maximum profit this firm could make : What is the maximum profit this firm could make if the market price of the good is $24?
Describe the strategies to align people with business : The Zain CEO and HR department used specific strategies to align people with the other strategic business units in Zain (Munene,2012). Select one strategy.
Determine the charleston company pre-pays annual rent : Determine The Charleston Company pre-pays annual rent. If the adjusting entry to record the current period's prepaid rent expired is not recorded
Zach accounting profit for the year : Also, during the first year, the cookie business incurred costs that required outlays of money amounting to $14,000. What was Zach's accounting profit for the y
How would you gather information about the job context : How would you gather information about the job context and environment? Explain what sources you would use and why. How could you use technology to show.

Reviews

Write a Review

Microeconomics Questions & Answers

  What would be the firm''s capital stock after 5 years

In problem (4) assume that the firm's initial capital stock is $5 million. Also assume the rate of capital depreciation is 10 % a year. What would be the firm's capital stock after 5 years if annual investment are- $600,000

  Point-elasticity of demand at the profit-maximizing output

A monopolist has access to an industry with market demand P = 10 ? y where y is the firm’s quantity. Its cost function is C(y) = 2y. Decide the firm’s profit maximizing quantity. Show your outcome on a graph. What is the firm’s profit? Calculate the ..

  Will the new method change the supply of maple syrup

New Maple Syrup Sap Method With the new way to tap maple trees, farmers could produce 10 times as much maple syrup per acre. Source: cbc.ca, February 5, 2014.

  Describe and explain performance trends of the economy

Define and explain how each indicator above measures performance of the economy. Describe and explain performance trends of the economy. Research and explain Government's measures adopted to achieve the production output performance.

  Suggest how fiscal and monetary policy can move

Suggest how fiscal and monetary policy can move those numbers to an acceptable level keeping inflation the same.

  Explain how transaction cost in private markets vary from

discuss what types of activities comprise the notion of transaction cost. describe how transaction cost in private

  Select a government regulation

Select a Government Regulation. Identify a particular government regulation of your choosing that in your opinion has either been successful or a failure. Briefly state the original purpose of this regulation and whether it has changed over t..

  How did this affect decision made-what were the consequencs

Opportunity cost is one of the cornerstones of managerial economics and the decision making. First, provide your own explanation of dissimilarity between opportunity and accounting cost, and accounting and economic profits. Then, please provide an ex..

  Total real rate of return

Total real rate of return

  1a positive statement is one which isderived by induction

1. a positive statement is one which isderived by induction. derived by deduction. subjective and is based on

  Daw the production function related with table above note

consider a firm that has the following relationship between labor and output i.e. a production function.nbsp along

  Explain problems related with having persistent vs

explain problems related with having persistent vs. temporary current account deficit and find out which one has

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