(Answered) How do i calculate an equilibrium number of something to

Engineering

How do I calculate an equilibrium number of something to produce when given the marginal cost and total cost functions? For example, I do not know how to solve the following problem to get the equilibrium:

Consider a market for cars in which GM is deciding how many Cruzes and Equinoxes to produce.

To keep it simple, imagine a market in which the prices of Cruzes and Equinoxes is set by the competition, and they are fixed at PC = 30 and PE = 60 respectively. The cost of producing each of these cars is given by:

Where MC stands for marginal cost and TC for total cost.

a. What is the equilibrium number of Cruzes and Equinoxes?

View complete question

Computer Engineering, Engineering

Category:- Computer Engineering
Reference No.:- M92799826
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Computer Engineering

Penetration testing is a technique used to identify

Penetration testing is a technique used to identify security weaknesses in your network. Discuss a type of penetration testing and the different methods utilized to recognize vulnerabilities in your network.

A banks assets equal its liabilities under a both

A bank's assets equal its liabilities under a. both 100-percent-reserve banking and fractional-reserve banking. b. 100-percent-reserve banking but not under fractional-reserve banking. c. fractional-reserve banking but n ...

Two one-cent coins were weighed on an electronic balance of

Two one-cent coins were weighed on an electronic balance of high sensitivity, and an average mass per coin of 2.4918 g was obtained from the data. How could you use the same number of significant figures as the value obt ...

Question you are required to sort a file containing

Question : You are required to sort a file containing integers between 0 and 999999. You cannot afford to use one million pigeon-holes, so you decide instead to use one thousand pigeon-holes numbered from 0 to 999. You b ...

Referring to the in class rectangleclass examplelt

Referring to the in class RectangleClass example: class RectangleMain{ > static void main(String[] args)> use to test You will Create a Class named and RtTriangleMain { > args)> to test your The will: 1)Establish Two pub ...

Question the below table shows the instruction count ic for

Question : The below table shows the instruction count (IC) for programs running on three processors P1, P2, and P3 with the clock rates 1.0 GHz, 2.5 GHZ, and 2.0 GHz respectively. Each program consists of only Load/stor ...

What is vsftpd name two other server packages that may be

What is vsftpd? Name two other server packages that may be used for the same purpose

What is the lithium by mass in a sample of pure lithium

What is the % lithium by mass in a sample of pure lithium carbonate that has a sample size of 10.0g?

Question suppose that you are searching an unsorted array

Question : Suppose that you are searching an unsorted array of objects that might contain duplicates. Devise an algorithm that returns a list of the indices of all objects in the array that match a given object. If the d ...

Suppose kelvin has seven controls listed as the top tier of

Suppose Kelvin has seven controls listed as the top tier of project initiatives. At his next meeting with Charlie, he provides a rank-ordered list of these controls with projected losses over the next 10 years for each 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 Computer Engineering Expert