Level of profit and the level of producer surplus, Macroeconomics

+44 141 628 6080
[email protected]

Level of profit and the level of producer surplus

Suppose that a competitive firm has a total cost function C(q) = 450 + 15q + 2q^2 and a marginal cost function MC(q) = 15 + 4q. If the market price is P = $115 per unit, find the level of output produced by the firm. Find the level of profit and the level of producer surplus.

Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: Level of profit and the level of producer surplus

Reference No:- TGS070023

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Macroeconomics

Q : Compute the velocity of money

Calculate the velocity of money when nominal gross domestic product (GDP) is $1 trillion and the money supply is $250 billion.

Q : The age of reason

Write The summary of "The Age of Reason"

Q : How many units must be produced during the month

Pardee Company plans to sell 12,000 units during the month of August. If the company has 2,500 units on hand at the start of the month, and plans to have 2,000 units on hand at the end of the month, how many units must be produced during the month

Q : What is the intrinsic price per share or worth of one share

A company's earnings and dividends are growing at the rate of 18% pa. The growth rate is expected to continue for 4 years. After 4 years, from year 5 onwards, the growth rate will be 6% forever. If the dividend per share last year was Rs. 2 and th

Q : Level of profit and the level of producer surplus

Q : Identify key qualities of drama and poetry

Identify key qualities of drama and poetry which emphasize their performative qualities. Discuss how these characteristics shape your reading response. Support your views with at least one example of a dramatic text and one example of a poem.

Q : What is the firm-s total cost equal to fulfils its contract

Use the Lagrangian method to calculate the least-cost allocation of production to the two assembly lines. What is the firm's total cost equal to if it fulfils its contract?

Q : In todays buisness environment

In todays buisness environment there is no room for integrity and ethics.

Q : Statements about the price-earnings ratio

Which of the following statements about the price/earnings ratio is false?

1946860

Questions
Asked

3,689

Active Tutors

1447964

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!!

Macroeconomics: Level of profit and the level of producer surplus

Reference No:- TGS070023

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

Q : Compute the velocity of money

Q : The age of reason

Q : How many units must be produced during the month

Q : What is the intrinsic price per share or worth of one share

Q : Level of profit and the level of producer surplus

Q : Identify key qualities of drama and poetry

Q : What is the firm-s total cost equal to fulfils its contract

Q : In todays buisness environment

Q : Statements about the price-earnings ratio

Investigate the cause of the recent werewolf attacks

Describe marxist theory and psychology of addiction

Explain framers decisions in creating the constitution

Federal bureaucracy has to put up with a lot of red tape

What power of recognition when it comes to office president

What right ordinance power give to the president

Analyze leadership of organization during particular event

Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: Level of profit and the level of producer surplus

Reference No:- TGS070023

Recent Questions Asked Macroeconomics

Q : Compute the velocity of money

Q : The age of reason

Q : How many units must be produced during the month

Q : What is the intrinsic price per share or worth of one share

Q : Level of profit and the level of producer surplus

Q : Identify key qualities of drama and poetry

Q : What is the firm-s total cost equal to fulfils its contract

Q : In todays buisness environment

Q : Statements about the price-earnings ratio

Asked Questions