Suppose a firm producing a commodity x is a price taker the, Econometrics

+44 141 628 6080
[email protected]

Suppose a firm producing a commodity x is a price taker the

Suppose a firm producing a commodity X is a price taker. The prevailing market price for X is Php. 20. The firm's cost is given by TC=(0.1q^2)+10q+50 where q=the number of X the firm chooses to produce per day.

a. How many X should the firm choose to produce in order to maximize profits?

b. Calculate the firm's maximum daily profits.

Request for Solution File

Ask an Expert for Answer!!

Econometrics: Suppose a firm producing a commodity x is a price taker the

Reference No:- TGS0578430

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Econometrics

Q : Assume that an entrepreneurs short-run total cost function

Assume that an entrepreneur's short-run total cost function is C=(q^3)- (10q^3)+17q+66. Determine the output level at which he maximizes profit if p=5. Compute for the output elasticity of cost at this output.

Q : White light shines through a diffraction grating and onto a

White light shines through a diffraction grating and onto a screen, What is the number of lines per (mm) for this grating and What is the number of lines per (cm)

Q : Consider a two state system with a difference in energy of

Consider a two state system with a difference in energy of 200 cm^-1. What is the temperature of the system if there are 5 particles in the ground state and 10 in the excited state

Q : There is a uniform electric field throughout the region

There is a uniform electric field throughout the region, given (in N/C) by E = 6.1i + 7.5j + 1.8k, What is the total flux through the five non-shaded faces

Q : Suppose a firm producing a commodity x is a price taker the

Q : Xon a small oil company purchased a new petroleum drilling

Xon, a small oil company, purchased a new petroleum drilling rig for $1,800,000. Xon will depreciate the drilling rig using MACRS depreciation. The drilling rig has been leased to a drilling company, which will pay Xon $450,000 per year for 8 year

Q : Astronauts use a centrifuge to simulate the acceleration of

Astronauts use a centrifuge to simulate the acceleration of a rocket launch. The centrifuge takes 40.0s to speed up from rest to its top speed of 1 rotation every 1.50s, What is the astronaut's tangential acceleration during the first 40.0s

Q : A 2983 gram sample containing an unknown amount of arsenic

A 2.983 gram sample containing an unknown amount of arsenic trichloride and the rest inerts was dissolved into a NaHCO3 and HCl aqueous solution. To this solution was added 1.910 grams of KI and 50.00 mL of a 0.00894 M KIO3 solution.

Q : Methylene blue and diphenylbenzidine sulfonic acid are

Methylene blue and diphenylbenzidine sulfonic acid are redox indicators that turn from colorless in the reduced state to blue (methylene blue) or violet (diphenylbenzidine sulfonic acid) in the oxidized state. Indicate whether each is a suitable i

1949421

Questions
Asked

3,689

Active Tutors

1438120

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!!

Econometrics: Suppose a firm producing a commodity x is a price taker the

Reference No:- TGS0578430

Have a Question? (oR Write a Review)

Recent Questions Asked Econometrics

Q : Assume that an entrepreneurs short-run total cost function

Q : White light shines through a diffraction grating and onto a

Q : Consider a two state system with a difference in energy of

Q : There is a uniform electric field throughout the region

Q : Suppose a firm producing a commodity x is a price taker the

Q : Xon a small oil company purchased a new petroleum drilling

Q : Astronauts use a centrifuge to simulate the acceleration of

Q : A 2983 gram sample containing an unknown amount of arsenic

Q : Methylene blue and diphenylbenzidine sulfonic acid are

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!!

Econometrics: Suppose a firm producing a commodity x is a price taker the

Reference No:- TGS0578430

Recent Questions Asked Econometrics

Q : Assume that an entrepreneurs short-run total cost function

Q : White light shines through a diffraction grating and onto a

Q : Consider a two state system with a difference in energy of

Q : There is a uniform electric field throughout the region

Q : Suppose a firm producing a commodity x is a price taker the

Q : Xon a small oil company purchased a new petroleum drilling

Q : Astronauts use a centrifuge to simulate the acceleration of

Q : A 2983 gram sample containing an unknown amount of arsenic

Q : Methylene blue and diphenylbenzidine sulfonic acid are

Asked Questions