Solved: You are a manager of a firm with a following demand and, Econometrics

+44 141 628 6080
[email protected]

You are a manager of a firm with a following demand and

You are a manager of a firm with a following demand and cost functions in a perfectly
competitive market. The price in your market is $35.

Your total cost curve is:
TC = 10 + 2Q + 0.5Q^2
P=35

a. What is the market structure of this firm? How do you know?
b. What level of output should you produce in the short-run?
c. What price should charge in the short-run?
d. Will you make any profits in the short-run?
e. What will happen in the long-run?

View Complete Question

Solution Preview :

Prepared by a verified Expert

Econometrics: You are a manager of a firm with a following demand and

Reference No:- TGS0578383

Now Priced at $15 (50% Discount)

Recommended (91%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Econometrics

Q : The monopolists demand function is p 405 - 5q its average

The monopolist's demand function is P = $405 - $5Q, its average cost function is AVC = $20+$0.5Q, and its fixed costs are $6,000 per hour. Calculate the monopolist's profit maximization output, price and its hourly profit.

Q : The concentration of o2 in water required to support

The concentration of O2 in water required to support aerobic aquatic life is 4.0 mg L-1. What is the partial pressure in torr of O2 in the atmosphere that corresponds to this concentration. The Henry's law constant for O2 in water is 3.27 x 107 to

Q : The coolidge corporation is the only producer of a

The Coolidge Corporation is the only producer of a particular type of laser. The demand curve for its product is: Q = 8,300 -2.1P and it total cost function is TC = 2,200 + 480Q +20Q^2

Q : Consider a disk of radius r 410 cm and thickness t 11 cm

Consider a disk of radius R = 41.0 cm and thickness t = 1.1 cm, with a nonuniform volume charge density given by ? = A, If A = 510 ?C/m4, what is the total charge of this disk

Q : You are a manager of a firm with a following demand and

You are a manager of a firm with a following demand and cost functions in a perfectly competitive market. The price in your market is $35. Your total cost curve is: TC = 10 + 2Q + 0.5Q^2

Q : Draw all of the resonance forms of 4-nitrobenzaldehyde

Draw all of the resonance forms of 4-nitrobenzaldehyde which contribute to the enhanced electrophilicity of the aldehyde carbon relative to benzaldehyde

Q : There are 90 identical profit-maximizing price taker firms

There are 90 identical profit-maximizing, price taker firms in the industry, each with an average variable cost curve of Ave = $8 +$0.75Q and fixed costs of $600 per hour. Q is the output per hour for the firm.

Q : A horizontal block-spring system with the block on a

A horizontal block-spring system with the block on a frictionless surface has total mechanical energy E = 42.3 J and a maximum displacement from equilibrium of 0.259 m, Find the potential energy stored in the spring when x = 0.160 m

Q : Calculate the equilibrium constant for the reaction the

Calculate the equilibrium constant for the reaction. The standard enthalpy change delta H, for a strong acid-strong base reaction is -57.8k J. Determine the standard entropy change delta S for the reaction at 25 degrees C.

1922928

Questions
Asked

3,689

Active Tutors

1430116

Questions
Answered

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

ask Question

Solution Preview :

Prepared by a verified Expert

Econometrics: You are a manager of a firm with a following demand and

Reference No:- TGS0578383

Have a Question? (oR Write a Review)

Recent Questions Asked Econometrics

Q : The monopolists demand function is p 405 - 5q its average

Q : The concentration of o2 in water required to support

Q : The coolidge corporation is the only producer of a

Q : Consider a disk of radius r 410 cm and thickness t 11 cm

Q : You are a manager of a firm with a following demand and

Q : Draw all of the resonance forms of 4-nitrobenzaldehyde

Q : There are 90 identical profit-maximizing price taker firms

Q : A horizontal block-spring system with the block on a

Q : Calculate the equilibrium constant for the reaction the

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

Solution Preview :

Prepared by a verified Expert

Econometrics: You are a manager of a firm with a following demand and

Reference No:- TGS0578383

Recent Questions Asked Econometrics

Q : The monopolists demand function is p 405 - 5q its average

Q : The concentration of o2 in water required to support

Q : The coolidge corporation is the only producer of a

Q : Consider a disk of radius r 410 cm and thickness t 11 cm

Q : You are a manager of a firm with a following demand and

Q : Draw all of the resonance forms of 4-nitrobenzaldehyde

Q : There are 90 identical profit-maximizing price taker firms

Q : A horizontal block-spring system with the block on a

Q : Calculate the equilibrium constant for the reaction the

Asked Questions