Assume that the market price is 42 and that the marginal, Microeconomics

+44 141 628 6080
[email protected]

Assume that the market price is 42 and that the marginal

Question: A firm's total cost and marginal cost functions are:

TC = 10 Q2 + 2Q-2; MC = 20 Q + 2

Assume that the market price is 42 and that the marginal revenue (MR) is also 42 (it is constant at all output levels).

A) The firm is currently producing 1 units of output. What are profits (or losses) for this firm?

B) Are they maximizing profits? Why?

C) If your answer to part B was No, what would be the maximun profits?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Assume that the market price is 42 and that the marginal

Reference No:- TGS02935609

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Discuss patient with athsma about use of bronchodilators

You're instructing a patient with athsma about the use of bronchodilators. You should teach the patient which one?

Discuss new forms of advertising changing opdps work

How have social media and other new forms of advertising changing OPDP's work?

Observing and reporting a correctional clients behavior

Observing and reporting a correctional client's behavior is extremely important, to ensure they receive the right mental health care.

Discussion about improve patient satisfaction scores

You are trying to improve patient satisfaction scores in your hospital's emergency department. You decide to poll 40 patients a day for three weeks.

Problem concerning about the risk for stroke

Sam is concerned about his risk for his stroke since his dad died of stroke at age 57 based on the following information why would you recommend

Patient presented with acute-onset abdominal pain

You are on your 5th straight duty in the Urgent Care and you are seeing a 18 yo may who presented with acute-onset abdominal pain for 2 days.

Discuss - male with a history of moderate persistent asthma

A nurse is caring for an 8-year-old male with a history of moderate persistent asthma. He is accompanied by his mom and dad who reported

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Assume that the market price is 42 and that the marginal

Reference No:- TGS02935609

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : What are the seven different areas of collective

Q : Suppose that an organization did not use processes that

Q : Hedging shrinks the range of prices between 30 and 36 find

Q : Discuss the validity of shenzhen limiteds defense are there

Q : Assume that the market price is 42 and that the marginal

Q : Calculate the optimal number n of packets that should be

Q : How much would you pay for the right to receive 12000 at

Q : From a christian worldview why is it so important to be a

Q : The firms demand for labor is a derived demand explain the