User Account

All Pages

What level of output should you produce in the short run

Assignment Help Business Economics
Reference no: EM132443663

You are a manager in a perfectly competitive market. The price in your market is $45. Your total cost curve is C(Q) = 10 + 2Q + .5Q2 and MC = 2 + Q.

a. What level of output should you produce in the short run?

b. What price should you charge in the short run?

c. Will you make any profits in the short run?

d. What will happen in the long run?

Reference no: EM132443663

Questions Cloud

Store make available through coupons : What if coupon users have a demand elasticity equal to 2 versus 1.25 versus 1.25 for noncoupon users?
What is the impact to a natural monopoly : What is the impact to a natural monopoly if regulatory commission set a price where marginal cost is equal to demand?
Profit-maximizing level of output of master cream : a) What is the profit-maximizing level of output of master cream (in bottles)? b) What is the profit-maximizing price?
Describe the medical condition or serious illness : Describe the Medical condition or serious illness(mental health PTSD).control prevented you from meeting the GPA of 3.0 requirement
What level of output should you produce in the short run : You are a manager in a perfectly competitive market. The price in your market is $45. Your total cost curve is C(Q) = 10 + 2Q + .5Q2 and MC = 2 + Q.
Determining tax incidence burden : In determining tax incidence burden, please calculate the tax incidences for both the seller and buyer and draw graph.
Write a summary that establishes credibility : Write a summary that is thoroughly introduced with a signal phrase that establishes credibility and clearly distinguishes the writer's ideas from the source's
Market for internet security professionals : 1. The following table presents data for wages in the market for Internet security professionals.
Discuss the cultural perspective of inquiry bibliographic : Disccuss the Cultural Perspective Of Inquiry Bibliographic About Childhood Trauma that address your Cultural Perspective of Inquiry.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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