Adespero inc has a production cost function described by, Ask an Expert

Economics

A.Despero Inc. has a production cost function described by C(q)=250+40/q+20q, and an associated marginal cost function of MC(q)=20-40/q^2. Currently, the price of the Despero product is $10 per unit.

A. How much Despero Inc. should produce if it chooses to produce?

B.Should Despero remain in the market in the long term at that price? What about the short term?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M92196353

Have any Question?Write your Review or question?

Related Questions in Business Economics

Use the standard normal distribution or Use the standard normal distribution or

Use the standard normal distribution or the? t-distribution to construct a 90?% confidence interval for the population mean. Justify your decision. If neither distribution can be? used. In a recent? season, the populatio ...

From a random sample of 41 teens it is found that on

From a random sample of 41 teens, it is found that on average they spend 31.8 hours each week online with a standard deviation of 3.65 hours. What is the 90% confidence interval for the amount of time they spend online e ...

A researcher is interested in the relationship between

A researcher is interested in the relationship between leisure time physical activity, diet, extracurricular activities and hours of sleep with cardiovascular fitness in children ages 6 through 12. She will recruit 100 c ...

Does importation of foreign prescription drugs make sense

Does importation of foreign prescription drugs make sense and should it be allowed? For what reason should the importation of prescription drugs be denied? Are the pros and cons connected, what is better for the public?

The managers of a car store observe that 70 of all the cars

The managers of a car store observe that 70% of all the cars they sell are bought by people who already own a car. They also observe that 50% of the customers who come to the store but do not buy a car, already own one. ...

Ross textiles wishes to measure its cost of common stock

Ross Textiles wishes to measure its cost of common stock equity. The firm's stock is currently selling for $57.50. The firm expects to pay a $3.40 dividend at the end of 2013. The dividends for the past 5 years are shown ...

In the late 1800s the us dollar was on a bi-metallic

In the late 1800s, the U.S. Dollar was on a bi-metallic standard. According to the official standard, one ounce of gold was worth 16 ounces of silver. However, on a free market the trading ratio of silver to gold was aro ...

Compute the cross elasticity of demand and characterize the

Compute the cross elasticity of demand and characterize the goods as complements or substitutes (Please use "Arc Elasticity" to calculate) a. Regular Flu shot offered by pharmacy Boxes of Tamu Flu sold by pharmacy ...

Jen and barry get sued by ben amp jerrys for trademark

Jen and Barry get sued by "Ben & Jerry's" for trademark infringement. Jen and Barry lose, and they need a LOT of money. They decide to play Tennetucky's "Mega-6" lottery. They'll win the jackpot if they correctly choose ...

According to a researchnbspinstitution the average hotel

According to a research? institution, the average hotel price in a certain year was ?$95.36. Assume the population standard deviation is ?$20.00 and that a random sample of 42 hotels was selected. a. Calculate the stand ...

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