(Answered) A firm that operates in a competitive market has a total

Economics

A firm that operates in a competitive market has a total cost of production given by TC(Q) = 3,000 + 5 Q + 18 Q2 and marginal cost given by MC(Q) = 5 + 36 Q. The market price for the product it sells is P = $239. Then the profit maximizing quantity is

Q = 234
Q = 6.5
Q = 7.8
None of the above

View complete question

Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M91857440
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Macroeconomics

Question the competitive nature of the market influences

Question: The Competitive nature of the market influences labor markets outcomes. A. Explain and show graphically why a firm with monopoly power hires less labor than if it sold its output in a competitive market. B. Exp ...

Question a due to a technological boom and rapid expansion

Question: (a) Due to a technological boom and rapid expansion of the economy, the Federal Reserve Bank is pursuing a contractionary monetary policy. Using a graphical analysis, show the effects of this policy on the equi ...

Question develop a 12-slide microsoftreg powerpointreg

Question: Develop a 12-slide Microsoft® PowerPoint® presentation including detailed speaker notes or voiceover including the following: Describe the intervention and detail its history. Analyze the arguments for governme ...

Question - the cost of tuition at public and private

Question - The cost of tuition at public and private universities has been steadily increasing for many years One New England university pledged to keep undergraduate tuition constant for 4 years for all students who fin ...

Question consider an online game that is popular in china

Question: Consider an online game that is popular in China. Besides having good skills, players performance also depends on the value of the virtual weapons they have in the game. There are two ways to obtain the virtual ...

Question - brazil points to its shrimp-farming industry as

Question - Brazil points to its shrimp-farming industry as an example of how it can export shrimp in the world market. One decade ago, Brazil exported a meager 400 tons of shrimp. Today, Brazil exports more than 58,000 t ...

Question president trump has proposed a lowering of the

Question: President Trump has proposed a lowering of the corporate income lax rale from 35% to 15% and the top personal income tax rate from 39.6% to 15%. When lie unveiled the tax plan. Treasury Secretary Steven Mnuchin ...

Question describe the effects of employment discrimination

Question: Describe the effects of employment discrimination on wages. How could this impact ones business decisions in relation to labor costs? The response must be typed, single spaced, must be in times new roman font ( ...

Question to study a macroeconomy we calculate aggregate

Question: To study a macroeconomy we calculate aggregate quantities in real terms because? 1) it is then easier to take logarithms 2)it is the only way to reconcile the three approaches to measuring GDP 3) we want to get ...

Question consider the aggregate demand - aggregate supply

Question: Consider the Aggregate demand - Aggregate Supply model, suppose the economy begins in a short run equilibrium with output equal to potential output. - Illustrate this scenario in an AS-AD diagram. What is the i ...

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 Macroeconomics Expert