Question suppose you are the manager of a watch making firm, Ask an Expert

Economics

Question: Suppose you are the manager of a watch making firm operating in a competitive market. Your cost of production is given by C(q) = 200 + 2q², where q is the level of output and C(q) is total cost. (The marginal cost of production is 4q; the fixed cost is 200.)

a) If the price of watches is 100, how many watches should you produce to maximize profit?

b) What will the profit level be?

c) At what minimum price will the firm produce a positive output?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M93125256

Have any Question?Write your Review or question?

Related Questions in Microeconomics

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 suppose the government cuts corporate income taxes

Question: Suppose the government cuts corporate income taxes, hence boosting I. However, S has declined because the deficit has increased. Explain how the economy returns to equilibrium where I = S on an ex post basis. T ...

Question consumer service at sce consists of handling

Question: Consumer service at SCE consists of handling outages, resolving bill disputes, extending service to new customers, and similar activities. Consumer service is a major functional department of the company, but t ...

Assignment consumer demand analysis and estimation applied

Assignment: Consumer Demand Analysis and Estimation Applied Problems Please complete the following two applied problems: Problem 1: Patricia is researching venues for a restaurant business. She is evaluating three major ...

Question read the case the rise of the indian automobile

Question: Read the case "The Rise of the Indian Automobile Industry" on page 291 of Hill. Which of the following trade theories, absolute advantage, comparative advantage or national completive advantage, best explains t ...

Question in addition to economic benefits regional economic

Question: In addition to economic benefits, regional economic integration produces political benefits. By fostering close economic ties between nations, regional economic integration helps foster peace, as illustrated by ...

Question for the scenarios discussed below use supply and

Question: For the scenarios discussed below, use supply and demand curves and a graph to analyze what will happen to both price and quantity in equilibrium given the information available below. Graphs must be half a pag ...

Question is the demand curve for children downward sloping

Question: Is the demand curve for children downward sloping? Explain, being careful to specify exactly what you mean by the price of children. What is your evidence? How about the demand for high grades in this course? D ...

Question for each of the following examples draw a

Question: For each of the following examples, draw a representative isoquant. What can you say about the marginal rate of technical substitution in each case? a) A firm can hire only full-time employees to produce its ou ...

Question the association between excess weight and higher

Question: The association between excess weight and higher absences, medical fees, and benefit costs is clear. What is the meaning of this relationship regarding weight discrimination for the many individuals who are ove ...

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 Microeconomics Expert