A firmrsquos cost function is c 5q 01q21 suppose the, Ask an Expert

Economics

A firm’s cost function is C = 5Q + 0.1Q^2

1. Suppose the market price is $10. How many units will be produced by this firm to maximize its profit?

2. Is this firm in the long run or in the short run?

3. What is the lowest price at which the firm will produce?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91846586

Have any Question?Write your Review or question?

Related Questions in Business Economics

I need some help trying to understand this statistics

I need some help trying to understand this Statistics question For a normal distribution, identify the z -score location that would separate the distribution into two sections, as determined by the following percentages ...

How technology government regulations international

How technology, government regulations, international factors, expectations about the future, and the macroeconomy play a role in managerial decision-making? Carefully explain each by giving example.

In what kind of economy is a central planning board or

In what kind of economy is a central planning board or commission typically used to answer the basic economic questions?

You are the manager of a firm that produces and markets a

You are the manager of a firm that produces and markets a generic type of soft drink in a competitive market. In addition to the large number of generic products in your market, you also compete against major brands such ...

Describe tim hortons experiences with mergersacquisitions

Describe Tim Hortons experiences with mergers/acquisitions. Did these combinations create or destroy value? Why?

Given that the heights of adult males show a mean of 69 and

Given that the heights of adult males show a mean of 69" and standard deviation 2.7." A sample of 37 adult males shows a mean of 68.2" and standard deviation of 2.9." 1. Which of the following is a statistic? a) 69" b) 2 ...

We just signed a lease contract in a 200000 sf office

We just signed a lease contract in a 200,000 SF office building complex for $25/SF/year with rents paid in arrears (at the end of the year) annually. The rent will increase by 3% per year. The discount rate is 10%/year. ...

The proposed american health care act will issue refundable

The proposed American Health Care Act will issue refundable tax credits (i.e. your paid health insurance premium can be refunded as tax credit) and eliminate the Obamacare subsidies (i.e. end the federal funding on Medic ...

John plans to take three suits on his business trip if john

John plans to take three suits on his business trip. If John owns 8 suits, how many ways can the 3 suits be selected?

You have conducted a test and have this information p 03

You have conducted a test and have this information: p = .03 and a = .05, what is the probability that you will make a Type 1 error? If you want to decrease the chance of making a Type 1 error what should you change? You ...

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