User Account

All Pages

What is this firm profit maximizing level of output

Assignment Help Basic Computer Science
Reference no: EM132021229

The market demand and supply functions for some commodity Q have been estimated (this market is assumed to be perfectly competitive.), respectively, as:

QD= 20,000 -400P.

QS= 5,000 + 600P.

where P is the price (dollars per unit) and Q is the rate of sales (output per month).

Consider a single firm in this market which has a total cost function given as:

TC = 500 + 25q -5q^2+ (2/3)q^3 where q is the firm's output level.

What is this firm's profit maximizing level of output? What are its profits?

Numbers expected

Reference no: EM132021229

Questions Cloud

Ability-to-pay principle of taxation : How does the ability-to-pay principle of taxation differ from benefit principle? What problems are encountered in implementing both of these tax philosophies?
Macroeconomic equilibrium in short run and long run : Assuming that money is effectively used, how would this affect the macroeconomic equilibrium in the short run and the long run?
Calculate the net sales revenue : The company received the payment for the balance amount on November 10, 2015. Calculate the Net sales revenue
Elasticity of demand for bleacher seats at rays games : Next season, they increase the price to $12 per bleacher seat and sell 200,000. What is the elasticity of demand for bleacher seats at Rays games?
What is this firm profit maximizing level of output : What is this firm's profit maximizing level of output? What are its profits?
Function exhibits diminishing marginal product : Prove that this production function exhibits diminishing marginal product in both and . This is not the same thing as decreasing returns to scale.
Review problem on tax return problem : Tax Return Problem Devon Bishop, age 45, is single. He lives at 1507 Rose Lane, Albuquerque, NM 87131. His Social Security number is 111-11-1112.
Determine the amount of the dividends that should be paid : ACTP 5008 Shareholders' Equity Assignment. Determine the amount of the dividends that should be paid to the preferred and common stockholders
Team trying to maximize profits : Does a NBA team that is trying to maximize wins behave the same as a team trying to maximize profits? Why/Why not?

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Identifies the cost of computer

identifies the cost of computer components to configure a computer system (including all peripheral devices where needed) for use in one of the following four situations:

  Input devices

Compare how the gestures data is generated and represented for interpretation in each of the following input devices. In your comparison, consider the data formats (radio waves, electrical signal, sound, etc.), device drivers, operating systems suppo..

  Cores on computer systems

Assignment : Cores on Computer Systems:  Differentiate between multiprocessor systems and many-core systems in terms of power efficiency, cost benefit analysis, instructions processing efficiency, and packaging form factors.

  Prepare an annual budget in an excel spreadsheet

Prepare working solutions in Excel that will manage the annual budget

  Write a research paper in relation to a software design

Research paper in relation to a Software Design related topic

  Describe the forest, domain, ou, and trust configuration

Describe the forest, domain, OU, and trust configuration for Bluesky. Include a chart or diagram of the current configuration. Currently Bluesky has a single domain and default OU structure.

  Construct a truth table for the boolean expression

Construct a truth table for the Boolean expressions ABC + A'B'C' ABC + AB'C' + A'B'C' A(BC' + B'C)

  Evaluate the cost of materials

Evaluate the cost of materials

  The marie simulator

Depending on how comfortable you are with using the MARIE simulator after reading

  What is the main advantage of using master pages

What is the main advantage of using master pages. Explain the purpose and advantage of using styles.

  Describe the three fundamental models of distributed systems

Explain the two approaches to packet delivery by the network layer in Distributed Systems. Describe the three fundamental models of Distributed Systems

  Distinguish between caching and buffering

Distinguish between caching and buffering The failure model defines the ways in which failure may occur in order to provide an understanding of the effects of failure. Give one type of failure with a brief description of the failure

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