What price should you charge to maximize profits given

Assignment Help Microeconomics
Reference no: EM133614185

Problem: Through hiring additional students and working with vendors you can get your marginal cost down to just $5. What price should you charge to maximize profits given the new marginal cost?

Reference no: EM133614185

Questions Cloud

Is the provision acceptable as it is currently written : research center at no expense to the government." Is the provision acceptable as it is currently written
What is slip law and What are uniform laws : What is a slip law? What is the importance of a pocket part supplement? What are uniform laws? Explain how the Internet effects legislative research.
What is percentage of completion for your core assessment : What is the percentage of completion for your core assessment? What issues are you facing in completing this assessment?
What is yonatans motivation for making the film : What is Yonatan's motivation for making the film? Highlight the related text in yellow, but write the answer in your own words.
What price should you charge to maximize profits given : Through hiring additional students and working with vendors you can get your marginal cost. What price you charge to maximize profits given new marginal cost?
New flu vaccine in return for financial payment : A pharmaceutical company has signed a contract with the government for a new flu vaccine in return for financial payment.
How does the speaker define grit : How does the speaker define GRIT? What examples does the speaker provide to demonstrate what GRIT is?
Conflict in the Ukraine has dramatically escalated : The conflict in the Ukraine has dramatically escalated in recent months. Faced with its failure to invade the whole of Ukraine,
Company social responsibility-brand or reputation : To what extent do you personally make purchasing choices based on a company's social responsibility, brand, or reputation?

Reviews

Write a Review

Microeconomics Questions & Answers

  Firm that makes car parts wants to adopt pay schemes

A firm that makes car parts wants to adopt pay schemes that will best motivate its various workers to be productive and they hire you as a consultant.

  Assumptions of the theory of comparative advantage

All of the following are assumptions of the theory of comparative advantage, except

  What is the present value of the investment

What is the present value of the investment if the rate of interest is 12% compounded semi-annually.

  Calculate the economic life of the system

Transport International Incorporated (TII) is purchasing a new heavy-duty tractor-trailer truck for $250,000 and installing some special equipment on it.

  Define analytically the firms strategies

What is the condition that δ has to satisfy in order for the collusion to be sustained in both states and which can be sustained in equilibrium and gives the highest intertemporal profit?

  How would you justify the long-term nature of the contact

The contract reflects Boeing's effort to reduce costs and production bottlenecks resulting from supply shortages. The contract specifies prices and guarantees quantities of raw aluminum to be delivered to BCAG's suppliers.

  How much the bank of england needs to change the required

amount it would have if it was not for the repayment of the discount loan, how much the Bank of England needs to change the required reserve ratio

  Problem regarding the demand function for good

The demand function for good X is QXd = a + bPX + cM + e, where Px is the price of good X and M is income. Least squares regression reveals that:The R-squared is 0.35.

  What could it or should it have done differently

The Federal Reserve Bank controls the money supply and interest rates in the United States. In your informed opinion, has it done a good or a bad job.

  Disadvantages associated with the compensation practices

Discuss the relationship between the strategic decisions and compensation practices of your current or former organization (Alternately, you may conduct online)

  Define loss

Suppose you bought a ticket to a football game for $30 and that you place a $35 value on seeing the game. If you lose the ticket, then what is the maximum price you should pay for another ticket?

  Explain the theory of third degree price discrimination

MBAA 523- In a short paper, first explain the theory of 3rd degree price discrimination as it applies to the airline industry including a graphical model.

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd