=+11. Suppose that a competitive firm has a total cost function C(q) = 450 + 15q +

Question:

=+11. Suppose that a competitive firm has a total cost function C(q) = 450 + 15q + 2q2 and a marginal cost function MC(q) = 15 + 4q. If the market price is P = $115 per unit,

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

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics

ISBN: 9780134184241

9th Edition

Authors: Robert Pindyck, Daniel Rubinfeld

See More Books

Question Posted: Oct 26, 2024 04:00 AM

See More Questions

11. Chapter 8: Suppose that a competitive firm has the following Total Cost function: TC = 450 + 15q + 2q2. The Marginal Cost is: MC = 15 + 4q. If the market price P = 115 per unit, explain and find:...
1. Dependence of business on environment (Define) 2. Business and environment ethics (Define) 3. Ethical behaviour includes 1) 2) 3) Business and Ecological (environmental ethics)
Identify and briefly describe three forms of e-Government.
Water flows steadily from an open tank as in Fig. 14.43. The elevation of point 1 is 10.0 m, and the elevation of points 2 and 3 is 2.00 m. 1be cross-sectional area at point 2 is 0.0480 m2; at point...
=+11. Suppose that a competitive firm has a total cost function C(q) = 450 + 15q + 2q2 and a marginal cost function MC(q) = 15 + 4q. If the market price is P = $115 per unit,
Your client is a company that owns a shopping center with 30 store tenants. All leases with the store tenants provide for a fixed rent plus a percentage of sales, net of sales taxes, in excess of a...
What are the different types of corporate culture found in organizations nowadays? Why is it important to have a healthy culture that generates profitability, efficiency, and productivity?
=+ Is profit positive, negative, or zero at this price? Explain.
=+ find the level of output produced by the firm. Find the level of profit and the level of producer surplus.
For the following exercises, determine why the function f is discontinuous at a given point a on the graph. State which condition fails. f(x) = ln |x + 3|, a = 3
The bookkeeper for Novak Corp. has prepared the following statement of financial position as at July 31, 2023: Novak Corp. Statement of Financial Position As at July 31, 2023 Cash $84,000 Notes and...
P6.9 Excel Essan Construction Inc., which has a calendar year end, has entered into a non-cancellable fixed price contract for $2.8 million beginning September 1, 2020, to build a road for a...
C6-2 (Algo) Preparing Journal Entries for Inventory Purchases, Sales, Returns, and (Gross Method) Discounts, and Adjusting Income Tax (Chapters 4 and 6) [LO 6-3, LO 6-4, LO 6-6, LO 6-S1] (General...
Design a flowchart or pseudocode for a program that accepts three numbers from a user and displays a message if the sum of any two numbers equals the third.
Kai Sato is single and lives at 5411 Melbourne Avenue, Chicago, IL 60455. Kai is a manager and whose SSN is 412-34-5670. Using the following information, complete Kai's tax return for 2021: Kimber...
Limit the generality of the following expressions: (a) J =-D (dc/dx), (b) D = kT/I, and (c) D = kT/6a.
Drainee purchases direct materials each month. Its payment history shows that 65% is paid in the month of purchase with the remaining balance paid the month after purchase. Prepare a cash payment...

=+11. Suppose that a competitive firm has a total cost function C(q) = 450 + 15q +

Question:

Step by Step Answer:

Microeconomics

Students also viewed these Business questions