(Answered) A firm has the total cost function cq f25q5q2 its

Economics

A firm has the total cost function C(q) = F+25q+5q^(2) . Its marginal cost function is MC(q) = 25+10q. The inverse demand for the firm's market is: P(q) = A-(0.5)q and F = 200.

A) What are the long-run average and avoidable cost functions?

B) What is the profit maximizing level of output?

C) What is the lowest price at which the firm would participate in the long-run?

D) What is the lowest price at which the firm would participate in the short-run?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M92508256
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Economics

A bag contains 15 red marbles and 13 blue marbles two

A bag contains 15 red marbles and 13 blue marbles. Two marbles are randomly drawn without replacement. Find the probability that both marbles are red.

A random sample of 19 college mens basketball games during

A random sample of 19 college? men's basketball games during the last season had an average attendance of 5,046 with a sample standard deviation of 1,753. a. Construct a 99?% confidence interval to estimate the average a ...

You run a small pizza shop named pizza hat initially you

You run a small pizza shop named Pizza Hat. Initially you sold pizzas for $8 and every week you sold around 3000 pizzas. Each pizza costs you $3 to make. One day you decided to over discounts to customers to see if you c ...

From a consequentialist perspective that has as its

From a consequentialist perspective that has as its objective improving the standard of living of unskilled workers, is the introduction of a minimum wage ethically justified?

Inverse elasticityimagine youve started a new pizza

Inverse Elasticity: Imagine you've started a new pizza restaurant. It costs you about $3 to produce a pizza. Last week you sold 450 pizzas for $12 each. This week you raised your price and sold 300 pizzas for $16 each. ...

Disequilibriumsuppose the market for pizzas is unregulated

Disequilibrium Suppose the market for pizzas is unregulated. That is, pizza prices are free to adjust based on the forces of supply and demand. If a shortage exists in the pizza market, then the current price must be____ ...

Answer in true or false1 in the circular flow model firms

Answer in true or False : 1) In the circular flow model, firms sell the services of factors of production to households 2) If GDP included the value of leisure time, the value of US GDP would most likely increase. 3) GDP ...

In a survey of women in a certain country ages 20-29 the

In a survey of women in a certain country? (ages 20-?29), the mean height was 65.3 inches with a standard deviation of 2.71 inches. Answer the following questions about the specified normal distribution. ?(a) What height ...

1 explain why fukayama thinks we are at the end of history

1. Explain why Fukayama thinks we are at the "end of history". How do you respond to his contention? 2. Explain what information a Lorenz curve gives you. How is this information summarized by a Gini coefficient. 3. Expl ...

Suppose that the government gives a 10 per unit subsidy to

Suppose that the government gives a $10 per unit subsidy to sellers of Humbugs. The pre-subsidy price of Humbugs was $50. There are no additional social benefits to encouraging the consumption of Humbugs. If, at the orig ...

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 Business Economics Expert