What long run adjustments should the anticipate

Assignment Help Econometrics

Reference no: EM13239420

You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university. Over 90 percent of your clientele consists of college students. College computer is not the only firm that builds computers to meet this university's specifications; indeed, it competes with many manufactures online and through traditional retail outlets. To attract its large student clientele, College Computers runs a weekly as in the student paper advertising its "free service after the sale" policy in an attempt to differentiate itself from the competition. The weekly demand for computers produced by College Computers is given by Q=1,000-P, and its weekly cost of producing computers is C(Q) = 2,000 +Q^2. If other firms in the industry sell PCs at $600m what price and quantity of computers should you produce to maximize your firm's profits? What long run adjustments should you anticipate? Explain.

Reference no: EM13239420

Questions Cloud

Explain the initial concentration of a potassium hydroxide : What is the initial concentration (in M) when 15.3 mL of a potassium hydroxide solution was diluted with 15.1 mL of solvent to a final concentration of 0.561 M? Assume the volumes are additive.

Calculate the average product of grain : Based on data obtained by department agriculture, the relationship between Cows Total output Of milk & amount of grain It is fed is as Follow: Mount of grain(1200/1800/2400/3000) Amount of milk (5917/7250/8379/9317)

Find the magnitude of the force on the electron : A uranium and iron atom reside a distance R = 51.10 nm apart. The uranium atom is singly ionized; the iron atom is doubly ionized, What is the magnitude of the force on the electron from the uranium ion

Determine the growth rate of technology : A country has a growth rate of 5%, a labor growth rate of 7%, and a net investment growing at 5%. The production function is Cobb-Douglas with CRS and a capital share of 1/3. Determine the growth rate of technology.

What long run adjustments should the anticipate : You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university. Over 90 percent of your clientele consists of college students.

How far is it moved vertically and horizontally : A heavy piece of machinery is raised by sliding it a distance d = 15.0 m along a plank oriented at angle ? = 30° to the horizontal, How far is it moved vertically and horizontally

What is reasonable to assume that a normal model applies : Agricultural scientists are working on developing an improved variety of Roma tomatoes. Marketing research indicates that customers are likely to bypass Romas that weigh less than 70 grams.

Show the equivalence of tariffs and quotas : Show the Equivalence of tariffs and quotas, This requires three graphs showing the effect of tariffs and quotas in situations of a reduction in domestic supply, a decrease in domestic demand, and an increase in domestic supply

Determine how will the growth in gdp change : Suppose GM reduces all of its existing workers from a 50 hour work week to a 40 hour work week but does not lay anyone off or hire anyone new. How will the unemployment rate change as a result How will the growth in GDP change

User Account

All Pages