What is the optimal quantity to maximize the firms profit

Assignment Help Econometrics

Reference no: EM13231439

Assume in perfect competition, the function of marginal cost is: MC=3+3Q, and price P = 15. What is the optimal quantity to maximize the firm's profit?

Reference no: EM13231439

Questions Cloud

Determine annual cash flows for retaining the old machine : . The challenger costs $6,000 and has O&M costs of $2,000 per year, increasing by $1,000 per year. The machine will be needed for only three years, and the salvage value at the end

Explain the ninhydrin and biuret tests : BASED ON NINHYDRIN AND BIURET TESTS, PLEASE PREDICT THE TEST RESULTS AS EITHER BEING POSITIVE OR NEGATIVE ALANINE, TYROSINE, LYSOZYME, DENATURED LYSOZYME, COMPLETLEY HYDROLYZED LYSOZYME

Compute the ph solution of ascorbic acid : Calculate (approximate) the pH of a 0.30M solution of ascorbic acid. Must use an ICE table (Initial Concentration, Change in Concentration, Equilibrium Concentration) and the quadratic formula unless the "x is small" approximation can be used.

Employees of nemo corporation : Using the relationship between the price of a visit to a physiotherapist and the quantity of visits demanded, define and distinguish among the direction, the slope, and the position of an economic relationship.

What is the optimal quantity to maximize the firms profit : Assume in perfect competition, the function of marginal cost is: MC=3+3Q, and price P = 15. What is the optimal quantity to maximize the firm's profit

Write code segment in c which writes entire row red squres : Using direct console output, Write a code segment in C which writes an entire row of Red squares across the first and last row of the screen.

How much money is required in trust fund now to build lab : the cost of equipment replacement is 150000 every 6 years, beginning 6 years from now. How much money is required in the trust fund now to build the engineering laboratory and maintain its perpetual operation and equipment replacement

What is the bottleneck of the pm line : If the production volume of bushings and bearings are the same, what is the bottleneck of the PM line?

Based on after-tax cash flows find internal rate of return : A machine has an initial cost of $500,000, and was estimated to have a salvage value of $30,000 at the end of its 7 years useful life. The machine is expected to generate annual net savings of $125,000. A loan of $200,000 at 7% interest will help ..

User Account

All Pages