(Answered) A firm has a total cost of tc05q215q300 where q is its

Engineering

A firm has a total cost of TC=0.5q2+15q+300 where q is its output, and faces a demand for its product given by q=100-3p where p is the price it charges.

a. Find the profit maximizing price and output for this firm.

b. Is it making a profit? If not, why does the firm keep producing in the short run?

c. If the state imposes a license fee of $100 on the firm, will it continue producing in the short run? How about the long run? Explain.

d. If the state taxes the firm at a rate of 0.2 per unit of output, so there is an additional cost of 0.2q what will happen to the firm's output and price in the short run? Explain.

View complete question

Computer Engineering, Engineering

Category:- Computer Engineering
Reference No.:- M92718392
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Computer Engineering

Stack implemented with slldesign and code your own lifo

Stack implemented with SLL Design and code your own LIFO Stack using single liked list to hold a list of integers. Use the C++ "struct" structure to create your SLL nodes. Node position numbering should start with one. Y ...

Select a company with which you are at least somewhat

Select a company with which you are at least somewhat familiar. Explain how this particular company could benefit from a data warehousing and data mining initiative. What value do you see in data mining in the context of ...

Qestion what steps are involved for implementing sw s0 0

Question : What steps are involved for implementing sw $s0 , 0 ( $s1) instruction . Draw data path and control path for this instruction. The response must be typed, single spaced, must be in times new roman font (size 1 ...

Question suppose that a remote transmitter sends a message

Question : Suppose that a remote transmitter sends a message at 2500 Baud and the receiver is expecting the data rate to be 2400 Baud. Calculate the accumulated sample error for one character. Give the answer in bits.

1 write a critique review of the following paper2 your

1. Write a critique / review of the following paper. 2. Your critique should be as objective as possible: highlight what you consider to be its strongest and weakest aspects. Are themes discernible that would help one to ...

Probability of weather- money youll make during it-rain

Probability of weather- Money you'll make during it- Rain= .6 $80 Mist= .3 $120 Normal= .1 $200 A) What is the mean? B) What is the variance? C) What is the square root of the variance? I believe this is called the sigma ...

How do you calculate the annual interest rate of 12

How do you calculate the annual interest rate of 12% compounded monthly. I know how to do for annually but not monthly. You are offered the opportunity to put some money away for retirement. You will receive 10 annual pa ...

Representing problems as graphs i have 10 and i plan to

Representing Problems as Graphs I have $10, and I plan to spend some or all of my money on three types of candy, which I will buy one piece at a time: chocolate bars cost $3, almond rocca cost $2, and caramel chunks cost ...

Question suppose you have created a program that creates

Question : Suppose you have created a program that creates instances of different types of cars. Now you are creating a program that keeps track of different types of cars. Choose the abstract classes and concrete classe ...

You randomly sample 50 theaters in the united states you

You randomly sample 50 theaters in the United States. You ask those theaters how much they charge for a large popcorn, and you get a sample mean of $6. Then, you make confidence interval using this data with the lower li ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Computer Engineering Expert