2.6 Smell Good soap companys cost function is C(q) = 40 + 10q + 2q2. a. What...

Question:

2.6 Smell Good soap company’s cost function is C(q) = 40 + 10q + 2q2.

a. What quantity maximizes the firm’s profit if the market price is p? How much does it produce if p = 50?

b. If the government imposes a specific tax of t = 8, what quantity maximizes its after-tax profit? Does it operate or shut down? (Hint: See Q&A 8.1.) C

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Managerial Economics And Strategy

ISBN: 9780135640944

2nd Global Edition

Authors: Jeffrey M. Perloff, James A. Brander

See More Books

Question Posted: Oct 08, 2024 06:02 AM

See More Questions

need these fast 1. Which of the following is an example of a positive statement? O A. If this good is bad for you, you should not consume it. O B. If you consume this good, you will get sick. O C....
need this quick. Thanks 1. Which of the following is an example of a positive statement? O A. If this good is bad for you, you should not consume it. O B. If you consume this good, you will get sick....
What is the timestep value ? And how do I go about altering from downstream to upstream? The following code solves the advection equation 1 2 3 4 5 6 7 8 9- 10 - 11 12 - 13 - 14 - 15 - 16 - 17 18 19...
"Stock repurchase" and provides 4 ways to implement that action. Why would a company make this decision? Provide two specific examples. Make Beta Lines for Dow Chemical and Consolidated Edison...
Using loop analysis, find Vo in the network infigure. 1 kn 4 mA 1 kn 12 V 1 1 kn C 2 kn Vo 2V+
2.6 Smell Good soap companys cost function is C(q) = 40 + 10q + 2q2. a. What quantity maximizes the firms profit if the market price is p? How much does it produce if p = 50? b. If the government...
The following data relate the sales figures of the bar in Mark Kaltenbachs small bed- and- breakfast inn in Portand, to the number of guests registered that week: a) Perform a linear regression that...
Select two answers that represent the graph below: O a. y=1/2 (X+6)(x+2) O b. y=1/2 (x-6)(x-2) O c. y=1/2(x+4)2- 2 O d. y=1/2 (x-4) 2-2
*2.5 The cost function for Scranton Cement is C(q) = 50 + 20q + 3q2, so its marginal cost function is MC = 20 + 6q, where q is tons of cement produced. Derive the firms average cost and average...
2.7 If the pre-tax cost function for Ekows television repair company is C(q) = 100 + 100q - 10q2 + 13 q3, and it faces a specific tax of t = 20, what is its profitmaximizing condition if the market...
The trial balance of Smart Tots Child Care does not balance. The following errors are detected: a. Cash is understated by $ 1,000. b. A $ 4,000 debit to Accounts Receivable was posted as a credit. c....
Why advertising is important in promotion of a product ?
What is community?
What are the features of the community?
1. What are Associations ?
1. What is socialization?
A Carnot refrigerator operates in a room in which the temperature is 22C and consumes 2 kW of power when operating. If the food compartment of the refrigerator is to be maintained at 3C, determine...
Consider the function f and its graph. a. Estimate the zeros of the area function b. Estimate the points (if any) at which A has a local maximum or minimum. c. Sketch a graph of A, for 0 x 10,...

2.6 Smell Good soap companys cost function is C(q) = 40 + 10q + 2q2. a. What...

Question:

Step by Step Answer:

Managerial Economics And Strategy

Students also viewed these Business questions