Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

The demand and cost estimates Q = 90 - 6.5P and TC = 150 + 3.5Q

Unfortunately what we didn't realize at the time that our fixed cost were underestimated by at least 30 percent. this means that we'll have to adjust upward our price by at least 30 percent to cover the added fixed cost. In any case theer is no way to in the world that we can survive by charging less than $9 for our product.

A.) Comment on the statement. Do you agree with the speaker? Explain. Use a graph to illustrate the answer indicating the firm's short-run cost structure

B.) What price should the firm charge if it wants to maximize its short-run profit.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9292790

Have any Question? 


Related Questions in Microeconomics

Question 1 consider the rothschild-stiglitz adverse

Question: 1. Consider the Rothschild-Stiglitz adverse selection model that we discussed in the class. Suppose a competitive insurance company proposes an insurance policy that provides full insurance to all individuals, ...

Discussion question challenger brandsreview secrets of

Discussion Question: Challenger Brands Review Secrets of Challenger Brands Your brand is a challenger-it is not the category leader. Explain a few ways that you can apply the ideas in the article to your brand. In your f ...

Question in 1980 the inflation rate in italy was 21 and the

Question: In 1980, the inflation rate in Italy was 21% and the unemployment rate was 4.4%. By 1998, the inflation rate in Italy had declined to 2% and the unemployment rate had risen to 12.3%. (A) What were the principal ...

Question for purposes of this paper and the next portion of

Question: For purposes of this paper and the next portion of your marketing project, pretend that you will be opening one of the following businesses in your area: • Food Truck Vendor • Animal Sitting • Bicycle Repair Sh ...

Question chapter 15 pricing an engineer has discovered a

Question: Chapter 15: Pricing An engineer has discovered a way to improve the production of a microchip to reduce its marginal cost from $1 to $0.80. Should the firm reduce the selling price of the microchip by $0.20. Ex ...

Question impact of government regulation please respond to

Question: "Impact of Government Regulation" Please respond to the following: Take a position on whether the banking industry needs more or less government regulation. Support your position with two (2) examples of the im ...

Question identifies what incentive systems that you have

Question: Identifies what incentive systems that you have experienced to encourage employees to achieve organizational goals. What message did each incentive system communicate? 200 words. The response must be typed, sin ...

Question a what characteristic of natural gas

Question: A) What characteristic of natural gas infrastructure led to regulation of the natural gas industry in the first half of the 20th century? What type of regulation was used? What is the economic justification for ...

Question corporate officers and directors owe fiduciary

Question: Corporate officers and directors owe fiduciary duties to the corporation. What is a fiduciary relationship? Identify at least two of the fiduciary duties and provide an example of each. The response must be typ ...

Question in the 1970s a big increase in the federal budget

Question: In the 1970s, a big increase in the Federal budget deficit was not offset by higher interest rates, so the rate of inflation tripled. In the 1980s, a big increase in the deficit was offset by higher interest ra ...

  • 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