What long run adjustments should you anticipate

Assignment Help Business Economics

Reference no: EM1372341

Q. You are manager of College Computers, a manufacturer of customized computers that meet specifications required by local university. Over 90 percent of your clientele consists of college students. College Computers is not only firm that builds computers to meet this university's specifications; indeed, it competes with many manufactures online through traditional retail outlets. To attract its large student clientele, College Computers runs a weekly ad in student paper advertising its "free service after sale" policy in an attempt to differentiate itself from competition. 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 + Q2. If or firms in industry sell PCs at $600, 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: EM1372341

Questions Cloud

Compute total profits at the optimum level of output : The Zinger Corporation manufactures and sells a line of sewing machines. Demand per period for a particular model is given by the following relationship:

What should be quantity sold in each market : If they charge same price in each market, what should be quantity sold in each market, equilibrium price and total profit.

Use a while loop to calculate terms of summation : Write function called estimate_pi that uses this formula to calculate and return estimate of π. It must use a while loop to calculate terms of summation until last term is smaller than 1e-15.

Compute the output level to maximize profit : Woodland Instruments, Company operates in highly competitive electronics industry. Prices for its R2-D2 control switches are stable at $100 each.

What long run adjustments should you anticipate : what price and quantity of computers should you produce to maximize your firm's profits. What long run adjustments should you anticipate.

How much heat does the system liberate : while a system is taken from state a to state b in the figure below the path acb, 84.0 of heat flows into the system and 57.0 of work is done by the system.

Write a strategic form also find optimal strategy of player : There are two players 1 and 2. re are two cards: "High" and "Low". Player 1 chooses at random one card. Write a strategic form also find optimal strategy of player.

Identify the direction as a positive angle : A 0.025 kg golf ball moving at 21.0 m/s crashes throughout the window of a house in 2.0 10-4 s. After the crash, ball continues in the same direction with a speed of 10 m/s. assuming the force exerted on the ball by the window was constant, what w..

Write a policy brief that explains the choice : Write a policy brief that explains the choice regarding Medicaid expansion that your state faces following the passage of the ACA and the Supreme Court decision- idea that residents of states that are not expanding will be paying increased federal ..

User Account

All Pages