A firm in a competitive industry has a total cost function of TC = 0.2Q2 - 5Q
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 92% (13 reviews)
TC 02Q 2 5Q 30 MC dTCdQ 04Q 5 In equilibrium ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
A monopoly has a total cost function C=1000+ 120x+6x2 for its product, which has demand function p=360-3x-2x2. Find the consumer's surplus at the point where the monopoly has maximum profit. In the...
-
A firm in a competitive industry produces its output in two plants. Its total cost of producing Q1 units from the first plant is TC1 = (Q1)2, and the marginal cost at this plant is MC1 = 2Q1. The...
-
Suppose that each firm in a competitive industry has the following costs: Total cost:................TC 5 50 1 q2 Marginal cost: ...........MC = q where q is an individual firm's quantity produced....
-
Why dont physicians guarantee their work as do many auto repair shops?
-
Distinguish between an investor receiving a margin call and having his or her mar-gin account restricted.
-
Under the UCC, a contract comes into existence when the acceptance is sent if the method used is reasonable. True/False
-
Describe the Accountability principle in a PRINCE2 project. AppendixLO1
-
Suppose that in past years the average price per square foot for warehouses in the United States has been $32.28. A national real estate investor wants to determine whether that figure has changed...
-
Maxville Company issues 250 shares of $40 par preferred stock and 1,000 shares of $10 par common stock in a package sale on December 31. Total proceeds received amount to $39,650. Required: Record...
-
A man has time to play roulette at most five times. At each play he wins or loses a dollar.The man begins with one dollar and will stop playing before the five times if he loses all his money or if...
-
Name ten elements that you have access to in macroscopic quantities as a consumer here on Earth.
-
Why does a profit-maximizing monopolist never produce on an inelastic portion of the demand curve? Would a revenue-maximizing monopolist ever produce on the inelastic portion of the demand curve?
-
The board of directors of a company has 12 members. One member is the president, another is the vice president, another is the secretary, and another is the treasurer. How many ways can these...
-
Peninsula Community Health Services of Alaska had just completed of a merger of two organizations. The original Peninsula Community Health center was a community health center only, but the CHC had...
-
Compensation Approach: Imagine that the HR department of your chosen organization from below is going to design a compensation approach for the job that is aligned with reinforcement, expectancy, and...
-
A boat leaves port and follows a course of N77E at 9 knots for 3 hr and 20 min. Then, the boat changes to a new course of S26E at 12 knots for 5 hr. Part 1 of 3 (a) How far is the boat from port?...
-
The aggregate supply curve of an economy is depicted by AS, shown in the graph on the right. Suppose that labour unions grant concessions, enabling firms to pay lower wages to their workers. Use the...
-
what is Medibank pestle analysis in term of these 2 statements? Current problem at hand deviates towards the fact that customers do not have high awareness of the health and wellbeing programs that...
-
On June 1, 2018, West Corporation established a defined benefit pension plan for its employees. The following information was available in 2020 : Balance Projected Benefit Obligation.. Plan...
-
Figure displays a 12.0 V battery 3 four uncharged capacitors of capacitances C1 = 4.00F, C2 = 6.00F, and C3 = 3.00F. The switch is thrown to the left side until capacitor 1 is fully charged. Then the...
-
Calculate the maximum expected value of the transfer function deviation, given by the maximum value of the tolerance function, with a confidence factor of \(95 \%\), for the digital filter in Figure...
-
Consider a firm that operates in a market that competes aggressively in prices. Due to the high fixed cost of obtaining the technology associated with entering this market, only a limited number of...
-
Based on the information given, indicate whether the following industry is best characterized by the model of perfect competition, monopoly, monopolistic competition, or oligopoly. a. Industry A has...
-
1. The four-firm concentration ratios for industries X and Y are 89 percent and 62 percent, respectively, while the corresponding Herfindahl-Hirschman indexes are 2,600 and 1,200. The Dansby-Willig...
-
5. Which of the following is the cheapest for a borrower? a. 6.7% annual money market basis b. 6.7% semi-annual money market basis c. 6.7% annual bond basis d. 6.7% semi-annual bond basis.
-
Waterloo Industries pays 30 percent corporate income taxes, and its after-tax MARR is 24 percent. A project has a before-tax IRR of 26 percent. Should the project be approved? What would your...
-
Imagine you are an Investor in the Stock Market. Identify three companies in the Korean Stock Market (KOSPI) where you would like to invest. Explain your answer
Study smarter with the SolutionInn App