Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 19, 2024

Given cost and price(demand) functions C(q)=112q+45000 and p(q)=2.3q+900, what price corresponds to a marginal profit of$0 peritem?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance and Public Policy

Authors: Jonathan Gruber

4th edition

1429278455, 978-1429278454

More Books

Students also viewed these Finance questions

Question

Explain in short details please 54. If TR is 75Q - 4Q-, MR is: (a) 75 (b) 75 -8Q (c)75 Q -4 (d) None of these 55. Given TC = Q' + 7Q + 23, what is 2Q + 7: (a) AC (b) minimum TC (c) maximum TC (d) MC...

Answered: 1 week ago

Question

Attempt the following please; Univariate unconstrained maximization. (10 points) Consider the following maximization problem: max x f (x; x0) = exp((x x0)2) 1. Write down the first order conditions...

Answered: 1 week ago

Question

Global Corp. sells its output at the market price of $7 per unit. Each plant has the costs shown below: Units of Output Total Cost ($) 0 6 12 3 18 4 26 5 36 6 48 62 Q: What is the breakeven quantity?...

Answered: 1 week ago

Question

★★★★★

Many states are now imposing severance taxes on resources being extracted within their borders. In order to understand the effect of these on the allocation of the mineral over time, assume a stable...

Answered: 1 week ago

Question

★★★★★

A mass m moves in one dimension and is subject to a constant force + F0 when x 0. Describe the motion by constructing a phase diagram. Calculate the period of...

Answered: 1 week ago

Question

★★★★★

1. Refer to Appendix 2, Marketing by the Numbers and calculate the monthly contribution Netflix realizes from a subscriber at the price of $9.99 per month and $15.98 per month, respectively. Assume...

Answered: 1 week ago

Question

★★★★★

Table 10.22 contains summary information on the fit of the best two logistic regression models based on a sample of ???? = 313 observations for models including ???? = 1, 2,, 7 explanatory variables....

Answered: 1 week ago

Question

★★★★★

Determine the value of a $1,000 Canadian Pacific Limited perpetual 4 percent debenture (bond) at the following required rates of return: a. 4 percent b. 5 percent c. 6 percent

Answered: 1 week ago

Question

★★★★★

Instance variables inside a superclass that are declared as private are not accessible outside that class. Therefore they can not be used in subclasses. True False

Answered: 1 week ago

Question

★★★★★

Portions of the financial statements for Peach Computer are provided below. Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the deducted...

Answered: 1 week ago

Question

★★★★★

The CM method facilitates concurrent project activities, some work on the project site can begin before construction documents are entirely complete. The CM method facilitates concurrent project...

Answered: 1 week ago

Question

★★★★★

On 1 July 2016, Rock Ltd acquired ( ex div .) all of the issued capital of Wallaby Ltd. The recorded equity of Wallaby Ltd at this date consisted of: Share capital$120 000 General reserve25 000...

Answered: 1 week ago

Question

★★★★★

Which examples of headings, lists, and colons show correct capitalization? Instruction: Choose all options that best answer the question. Answer Choices The CFO released the document "Taxation...

Answered: 1 week ago

Question

★★★★★

haimi, [25/05/2022 3:47 PM] A small business enterprise makes dresses and trousers. To make a dress requires 2 hours of cutting and 2 hours of sewing. To make trousers requires 1 hour of cutting and...

Answered: 1 week ago

Question

★★★★★

A training organisation purchases aheavy volume copier for large workloadson 1/7/2022 for $36,000 [GST exclusive]. It has a useful life of 4 years and a residual value of $4,000 [GST exclusive]....

Answered: 1 week ago

Question

★★★★★

A linear cost equation O is derived from two elements - the relevant range and the level of activity. O is fixed when the volume is zero and increases at a constant rate per activity level after...

Answered: 1 week ago

Question

★★★★★

Medi-Exam Health Services, Inc. (MEHS), located in a major metropolitan area, provides annual physical screening examinations, including a routine physical, EKG, and blood and urine tests. MEUS's...

Answered: 1 week ago

Question

★★★★★

Suppose an individual actually does have ESP and makes correct identifications with probability ???? = 0.95. If the individual is subjected to a series of 20 independent trials, determine (a) the...

Answered: 1 week ago

Question

★★★★★

Many studies investigating extrasensory perception (ESP) have been conducted. A typical ESP study is carried out by subjecting an individual claiming to have ESP to a series of trials and recording...

Answered: 1 week ago

Question

★★★★★

For what values of ???? will a binomial distribution (a) have a long tail to the right? (b) have a long tail to the left? (c) be symmetric? (d) have the largest value of ?????

Answered: 1 week ago

Previous Question Next Question