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

Question

1 Approved Answer

TC =Q3-21+600Q+1820 P=600 mc=3Q3-42Q+600 1.what is profit maximizing level of output for above hypothetical firm? 2.what is maximum of profit or minimum lose at optimum

TC =Q3-21+600Q+1820 P=600 mc=3Q3-42Q+600

1.what is profit maximizing level of output for above hypothetical firm?

2.what is maximum of profit or minimum lose at optimum output level?

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

Econometric Evaluation Of Socio-Economic Programs Theory And Applications

Econometric Evaluation Of Socio-Economic Programs Theory And Applications

Authors: Giovanni Cerulli

1st Edition

3662464055, 9783662464052

More Books

Students also viewed these Economics questions

Question

★★★★★
Sometimes entities write instruments that require settlement in its own shares. Examples of these include purchased or written options to buy or sell shares, or forward contracts to buy or sell...

Answered: 1 week ago

Question

★★★★★
On March 1 of the current year, Mathew acquired a one percent interest in a partnership that carries on a nursing home business in several provinces in Canada. Mathew paid $10,000 for the partnership...

Answered: 1 week ago

Question

★★★★★
What are the three major ways an analytics project provides value to a stakeholder? Create an example for each.

Answered: 1 week ago

Question

★★★★★
Hippolito Inc. manufactures industrial tools and has annual sales of approximately $3.5 million with no evidence of cyclical demand. R&D is very important to Hippolito because its market share...

Answered: 1 week ago

Question

★★★★★
Landings Glassware Company issues $1,059,000 of 16%, 10-year bonds at 95 on February 28, 2025. The bonds pay interest on February 28 and August 31. The journal entry to record the issuance includes a...

Answered: 1 week ago

Question

★★★★★
Bank Reconciliation On May 31, the Cash in Bank account of Wallace Company, a sole proprietership, had a balance of $18,367.50 On that date, the bank statement indicated a balance of $23,800.50. A...

Answered: 1 week ago

Question

★★★★★
Flip a coin 100 times and set X = # of heads. (a) How many sequences of 100 coin flips include exactly 50 heads? (b) What is the probability of a single sequence of 100 flips with exactly 50 heads?...

Answered: 1 week ago

Question

★★★★★
Under ERISA, which is the federal law that governs private pension plans, employees typcially must become \"vested\' in their benefits within how many years?

Answered: 1 week ago

Question

★★★★★
You've been hired as an organizational behavior consultant. An organization is grappling with an environment that has n ineffective culture. Growth is stagnant or declining. People are leaving their...

Answered: 1 week ago

Question

★★★★★
a. Government declares a compulsory festival bonus of 10000/- to all workers working in the country. Explain the likely impact on the demand for refrigerators in the country?

Answered: 1 week ago

Question

★★★★★
Imagining that you are a human resources manager, write a email to all those who report to you informing them that late arrivals, long lunches, and overly casual workplace clothes and behavior will...

Answered: 1 week ago

Question

★★★★★
15. What do they read? (magazines, books, newspapers, websites, blogs)

Answered: 1 week ago

Question

★★★★★
12. What are their values? (ethical stance in society)

Answered: 1 week ago

Question

★★★★★
6. What is their education level? (less than high school, high school, four- or two-year college, masters or doctoral level)

Answered: 1 week ago

Previous Question Next Question