What will be the new equilibrium output rate, Microeconomics

+44 141 628 6080
[email protected]

What will be the new equilibrium output rate

A competitive firm sells its product at a price of $0.10 per unit. Its total cost function is:
TC = 5 - 0.5Q + 0.001Q2

(a) Determine the output rate that maximizes profit or minimizes losses in the short run.

(b) If input prices increase and cause the cost function to become:
TC = 5 - 0.10Q + 0.002Q2

What will the new equilibrium output rate be? Explain what happened to the profit maximizing output rate when input prices were increased

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What will be the new equilibrium output rate

Reference No:- TGS047169

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : What is the roi for the shellfish division

The purchase of Shrimp Inc. will require an investment of $800,000, and the synergy between the two companies will increase Shellfish Division's operating income by $80,000. Bonuses in all of New Orleans divisions are awarded to managers with incr

Q : Is behavior of given economic experiments rational

At the same time, economic experiments show that most people will opt to take $100 in ten years over $50 in nine years. Is such behavior rational? Explain why or why not.

Q : What gain, if any, will bob recognize on the transfer

Ann and Irene form AIB Corporation transferring their respective business assets to AIB Corporation. Ann exchanges her property with a basis to Ann of $100,000 and fair market value of $400,000 for 200 shares

Q : Us dollar exchange rate in international markets

Discuss how borrowing activities by the Treasury impact domestic borrowing and the U.S. dollar exchange rate in international markets.

Q : What will be the new equilibrium output rate

What will the new equilibrium output rate be? Explain what happened to the profit maximizing output rate when input prices were increased

Q : What amount of loss can be recognized by kenny corp

The stock of Kenny Corp. is owned equally by two brothers. During 2008, they transferred land (which had a basis of $300,000 and a fair market value of $320,000) as a contribution to capital to Kenny Corp. During September, 2012

Q : Equity in income of sacco

During 2010, Sacco reported income of $50,000 and paid dividends of $20,000 while in 2011 it reported income of $75,000 and dividends of $30,000. Assume Dawson has the ability to significantly influence the operations of Sacco.The equity in income

Q : Determining the bond promised yield to maturity

You own a 5% bond maturing in two years and priced at 87%. Suppose that there is a 10% chance that at maturity the bond will default and you will receive only 40% of the promised payment. What is the bond's promised yield to maturity? What is its

Q : Derive the fundamental equation of the solow model

Derive the fundamental equation of the Solow model. What is the per-worker production function, y = f(k)? Country A and country B both have the production function.

1941934

Questions
Asked

3,689

Active Tutors

1451023

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: What will be the new equilibrium output rate

Reference No:- TGS047169

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : What is the roi for the shellfish division

Q : Is behavior of given economic experiments rational

Q : What gain, if any, will bob recognize on the transfer

Q : Us dollar exchange rate in international markets

Q : What will be the new equilibrium output rate

Q : What amount of loss can be recognized by kenny corp

Q : Equity in income of sacco

Q : Determining the bond promised yield to maturity

Q : Derive the fundamental equation of the solow model

Survey for not providing adequate incontinent care

Develop a plan for the proposed change

Record of improvement on quality and patient satisfaction

Describe what occurs with the statement of deficiencies

Dns should incorporate into what conversation

Prepare a cash budget for january and february

Briefly describe the social movement

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What will be the new equilibrium output rate

Reference No:- TGS047169

Recent Questions Asked Microeconomics

Q : What is the roi for the shellfish division

Q : Is behavior of given economic experiments rational

Q : What gain, if any, will bob recognize on the transfer

Q : Us dollar exchange rate in international markets

Q : What will be the new equilibrium output rate

Q : What amount of loss can be recognized by kenny corp

Q : Equity in income of sacco

Q : Determining the bond promised yield to maturity

Q : Derive the fundamental equation of the solow model

Asked Questions