Determine the output to produce and charged price, Microeconomics

+44 141 628 6080
[email protected]

Determine the output to produce and charged price

You are the manager of a firm that has an exclusive license to produce your product. The inverse market demand curve is P = 900 - 1.5Q. Your cost function is C(Q) = 2Q + Q2. Determine the output you should produce, the price you should charge, and your profits.

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Determine the output to produce and charged price

Reference No:- TGS038892

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : Exchange rate between us dollar and turkish lira

On the basis of the reported interest rates, how would you predict the change of exchange rate between the U.S. dollar and the Turkish lira?

Q : What will be the transfer price

Evergreen Corp. has two divisions, Fern and Bark. Fern produces a widget that Bark could use in the production of units that cost $175 in variable costs, plus the cost of the widget, to manufacture.

Q : Partnership recognize on the distribution

Ted's basis in his partnership interest immediately before the distribution is $33,000: What amount of gain will the partnership recognize on the distribution, and what is Ted's basis in the land he receives on the distribution?

Q : Percentage cost of trade credit

What is the percentage cost of trade credit to customers who take the discount and to those who do not take it? What would happen to its accounts receivable if McDowell toughened up on its collection policy with the result that all nondiscount custo

Q : Determine the output to produce and charged price

The inverse market demand curve is P = 900 - 1.5Q. Your cost function is C(Q) = 2Q + Q2. Determine the output you should produce, the price you should charge, and your profits.

Q : Prepare a cost reconciliation schedule

Production records indicate that 18,000 units were transferred out, and 2,000 units in ending work in process were 50% complete as to conversion cost and 100% complete to materials. Prepare a cost reconciliation schedule.

Q : What are the major industries in our state economy

What are the major industries in our state economy and which countries are the leading trading partners as of the most recent time period? Be sure to put the references.

Q : What level of output should produce in the short run

You are a manager in a perfectly competitive market. The price in your market is $35. Your total cost curve is C(Q) = 10 + 2Q + .5Q2. What level of output should you produce in the short run?

Q : Deducted as lease expense on schedule

Based on the value of the automobile, the inclusion amounts for years 1 through 3 are $313, $590, and $602, respectively. If the taxpayer uses the car 60% of the time for business, what amount should be deducted as lease expense on Schedule C in 2

1927774

Questions
Asked

3,689

Active Tutors

1413873

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Determine the output to produce and charged price

Reference No:- TGS038892

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Exchange rate between us dollar and turkish lira

Q : What will be the transfer price

Q : Partnership recognize on the distribution

Q : Percentage cost of trade credit

Q : Determine the output to produce and charged price

Q : Prepare a cost reconciliation schedule

Q : What are the major industries in our state economy

Q : What level of output should produce in the short run

Q : Deducted as lease expense on schedule

Understanding that most employment in america is at will

Do todays policymakers truly represent the general public

How practitioner is engaging in advocacy training

Is our society more accepting of some immigrant groups

How local planning process impact economic development

How amendments provides freedoms

Describe how supreme court has identified and interpreted

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Determine the output to produce and charged price

Reference No:- TGS038892

Recent Questions Asked Microeconomics

Q : Exchange rate between us dollar and turkish lira

Q : What will be the transfer price

Q : Partnership recognize on the distribution

Q : Percentage cost of trade credit

Q : Determine the output to produce and charged price

Q : Prepare a cost reconciliation schedule

Q : What are the major industries in our state economy

Q : What level of output should produce in the short run

Q : Deducted as lease expense on schedule

Asked Questions