Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 12, 2024

Imagine that a firm faces a demand curve such that Q = 30 - 1/2P. If marginal 2 points costs are equal to 2Q calculate

Imagine that a firm faces a demand curve such that Q = 30 - 1/2P. If marginal 2 points costs are equal to 2Q calculate the profit maximizing price and quantity. P = 10, Q = 40 P = 40, Q = 10 O P = 25, Q = 30 O P = 40, Q = 40

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

The Economics of Women Men and Work

Authors: Francine D. Blau, Marianne A. Ferber, Anne E. Winkler

7th edition

978-0190670863, 019067086X, 132992817, 978-0132992817

More Books

Students also viewed these Economics questions

Question

★★★★★

Suppose a country enacts a tax policy that discourages investment, and the policy reduces the investment rate immediately and permanently from to . Assuming the economy starts in its initial steady...

Answered: 1 week ago

Question

★★★★★

Depreciation Gire Company began operations at the beginning of 2013, at which time it purchased a depreciable asset for $60,000. For 2013 through 2016, the asset was depreciated on the straight-line...

Answered: 1 week ago

Question

★★★★★

In each game played one is equally likely to either win or lose 1. Let X be your cumulative winnings if you use the strategy that quits playing if you win the first game, and plays two more games and...

Answered: 1 week ago

Question

★★★★★

Ann deposits $100 at the end of each month into her bank savings account. The bank paid 6% nominal interest, compounded and paid quarterly. No interest was paid on money not in the account for the...

Answered: 1 week ago

Question

★★★★★

1 . b ) rate all 1 7 domains using the levels documented in the "Maturity Rating Levels" image. access control ( AC ) asset management ( AM ) audit and accountability ( AU ) awareness and training (...

Answered: 1 week ago

Question

★★★★★

Cane Company manufactures two products called Alpha and Beta that sell for $ 2 4 0 and $ 1 6 2 , respectively. Each product uses only one type of raw material that costs $ 5 per pound. The company...

Answered: 1 week ago

Question

★★★★★

A zinc die casting has a critical dimension of 7.500 in when it solidifies in the mold at its melting temperature because 7.500 in is the corresponding mold dimension. What is the value of this part...

Answered: 1 week ago

Question

★★★★★

One of your colleagues is planning on changing (ie. altering the numbers) his collected data to make the data "say" what he wants the data to state. His plan is to submit the abstract to a national...

Answered: 1 week ago

Question

★★★★★

Assume food delivery firms like Swiggy are making huge profits. Higher profits may attract the entry of new firms into the food delivery industry. Explain what could be the impact of entry on the...

Answered: 1 week ago

Question

★★★★★

"This problem has such a simple solution. Why are we spending so much time discussing this? I could have been finishing my work instead of wasting my time here," thought Lamar while attending a...

Answered: 1 week ago

Question

★★★★★

Time Dilation: An astronaut travels at a speed of 0.95c away from Earth. The astronaut sends a light signal back to Earth every 1.0 s, as measured by her clock. An observer on Earth notes that these...

Answered: 1 week ago

Question

★★★★★

Part 4. Economic Equations and Graphs Point in Combination Books Shirts Part (b) Coffee Combination Cell Phones makers Point in Part (b) OANDO AWN-C AWN-O monas O- NWA (a) (a) 4 B Cel Phones...

Answered: 1 week ago

Question

★★★★★

1. To gain insight into communication situations regarding the fact that they should be understood by examining the relationship between the parts and the whole, and to provide an understanding that...

Answered: 1 week ago

Question

★★★★★

2. Using a communication conflict you have been involved in, or a problem or phenomenon that you are familiar with, provide answers for a)d). a) Find the critical elements that existed (exist) as you...

Answered: 1 week ago

Question

★★★★★

5. What is meant by the statement, when we attribute a different meaning to a situation, the situation will consequentially change for us?

Answered: 1 week ago

Previous Question Next Question