FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose that the long-run cost function for a perfectly competitive firm in the personal computer business is O' (q) = 4q? + 2500 for q

image text in transcribed
image text in transcribed
Suppose that the long-run cost function for a perfectly competitive firm in the personal computer business is O' (q) = 4q? + 2500 for q > 0. What is the marginal cost function, MC (q)? O MC (q) = 8q + 2500 MC (q) = 4q MC (q) = 8q MC(q) = 4q + 2500 MC(9) =49

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Business Statistics For Contemporary Decision Making

Business Statistics For Contemporary Decision Making

Authors: Ken Black

9th edition

978-1-119-3208, 9781119334781, 1119334780, 1119320895, 978-1119320890

More Books

Students also viewed these Economics questions

Question

★★★★★
On January 1, 2014, Chesapeake Corporation issued common stock with a fair value of $810,000 in exchange for 90% of Deardon Corporations common stock. Following are the January 1, 2014, separate...

Answered: 1 week ago

Question

★★★★★
Reading Levels When a TI-83 Plus calculator is used with the Flesch reading ease scores for Tom Clancys The Bear and the Dragon and J. K. Rowlings Harry Potter and the Sorcerers Stone, the...

Answered: 1 week ago

Question

★★★★★
What is the general rule for identifying points to be investigated using the ????2 and ???? model diagnostics?

Answered: 1 week ago

Question

★★★★★
Springfield mogul Montgomery Burns, age 80, wants to retire at age 100 so he can steal candy from babies full time. Once Mr. Burns retires, he wants to withdraw $1 billion at the beginning of each...

Answered: 1 week ago

Question

★★★★★
Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for the two rackets is as follows: Junior Pro Striker Production budget...

Answered: 1 week ago

Question

★★★★★
What is ethical relativism? How is the concept relevant to individuals of various cultures living in the same society?

Answered: 1 week ago

Question

★★★★★
Find five interesting facts in Tables 1.4 and 1.5. DATA FROM TABLE 1.5 TABLE 1.4 Broad Categories of Exports of Selected Countries, 2010 SITC Code Product United United States Germany Japan China...

Answered: 1 week ago

Question

★★★★★
Use Table 1.1 to find three countries that have gone from being mostly closed to being open from 1980 to 2009. Also, find three countries where the reverse has happened. What has been the implication...

Answered: 1 week ago

Question

★★★★★
Use the data in Table 6.7 to compare U.S. protectionist policies with those of Japan. In what sectors are protection levels relatively equal? Where do they differ? Try to explain these patterns....

Answered: 1 week ago

Question

★★★★★
Customer demand for some finished good is forecast at 1,000 units for January, 2,000 units for February, and 3,000 units for March. If the company that produces this finished good has nothing in...

Answered: 1 week ago

Question

★★★★★
Consider the random phasor sum of Section 2.9 with the single change that the phases \(\phi_{k}\) are uniformly distributed on \((-\pi / 2, \pi / 2)\). Find the following quantities: \(\bar{r},...

Answered: 1 week ago

Question

★★★★★
Question 1 Suppose that the demand and supply functions for a good are given as follows: Demand: 0 =1200-2P Supply: O =-300+ P {i) Find the equilibrium price and quantity when there is no tax. Find...

Answered: 1 week ago

Question

★★★★★
1. Discuss the following statements: (a) A circle becomes a straight line when viewed on a very small scale. (b) Breaking patterns creates change.

Answered: 1 week ago

Question

★★★★★
2. Develop your own loop models for the following conditions. At least one model shall be developed for each of the points under (a-j) a) If A shows anger towards B, what will Bs reaction be? b) What...

Answered: 1 week ago

Question

★★★★★
1. To gain an understanding of the fact that relationships are something more than only cause and effect chains.

Answered: 1 week ago

Previous Question Next Question