Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

A firms total cost function is TC=0.0006*X^3-0.086*X^2+4.8*X+25 and its total revenue function is TR=2.5*X find its profit function

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9503411

Have any Question?


Related Questions in Microeconomics

Question the theory of comparative advantage may be applied

Question: The theory of comparative advantage may be applied to a country's output. Although natural resources within a country may often provide the best opportunity for comparative advantage, certain countries are able ...

Question with current technology suppose a firm is

Question: With current technology, suppose a firm is producing 400 loaves of banana bread daily. Also assume that the least-cost combination of resources in producing those loaves is 6 units of labor, 7 units of land, 2 ...

Question write 150 words for each question and please site

Question: Write 150 + words for each question and please site information directly from the internet in APA format. Do you think that labor should be considered in fair trade deals the U.S. makes around the world? What a ...

Question social security and compound interestsinterest

Question: Social Security and Compound interests Interest rate is 4% per year. Would you accept a proposal to pay $10,000 for one year and will be paid back $15,000 in the following year? 1. Will you accept the proposal ...

Question a machine costs 525000 today and has an estimated

Question: A machine costs 525,000 today and has an estimated scrap value of $3000. Inflation averages 4% per year. The effective annual interest rate is 7%. How much money needs to be set aside each year to replace the m ...

Question imagine that there is an adverse supply shock draw

Question: Imagine that there is an adverse supply shock. Draw a graph depicting the adverse supply shock, and explain what it means for an economy (in terms of prices and output). The response must be typed, single space ...

Question identify and explain some of the challenges that

Question: Identify and explain some of the challenges that modernization theory faces When applied to Third World societies. What alternative theories have been promoted to explain the reasons for Third World poverty. Pl ...

Question - andy lange president of the university of south

Question - Andy Lange, president of the University of South Wisconsin, is concerned with the declining business at the University Book Store. The students tell him that the prices are simply too high. Andy, however, has ...

Question how do real-world compaines price their products

Question: How do real-world compaines price their products? Please include examples of strategies from a microeconomics perspective. The response must be typed, single spaced, must be in times new roman font (size 12) an ...

Question in an effort to reduce energy costs a major

Question: In an effort to reduce energy costs, a major university has installed more efficient lights as well as automatic sensors that turn the lights off when no movement is present in a room. Historically, the cost of ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As