(Answered) Sort run total cost function isnbsptc 200 10q

Economics

Short run total cost function is TC = 200 + 10Q + 0.1Q².

Marginal revenue is $500 for each unit.

What is the profit maximizing quantity to produce? (Hint: solve for MC = MR or MC = $500 using your derived MC function.)

Short-run total cost function is TC = 200 + 10Q + 0.1Q².

Marginal revenue is $500 for each unit.

What rounded value is closest to the maximum profit at the optimal profit maximizing quantity?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M93079526
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Economics

Electric car technology has been improving and the us shale

Electric car technology has been improving and the U.S. shale gas oil supply has been increasing. What will be the impact on the crude oil market price? What will be the impact on the gas-burning auto market price? Expla ...

Why does the marginal cost curve always intersects the

Why does the marginal cost curve always intersects the average total cost curve and AVC?

When we look at the ease to enter the different market

When we look at the ease to enter the different market structure, there is no doubt that 'monopoly' is the hardest. Why? -- There is only ONE firm that has established 'economies of scale' with the production of their go ...

Case a motivationas the provincial manager for a financial

Case A Motivation As the Provincial Manager for a financial services firm, you are well regarded within your company and especially by many of the 82 employees who work within your division. Due to a downturn in business ...

Please discuss the followingas demand increased for these

Please discuss the following: As demand increased for these mortgage backed securities, lenders reacted by relaxing their approval standards to increase production. No longer were "all" borrowers required to document the ...

In a population of phd students 50 have paid assistant

In a population of Ph.D students 50% have paid assistant ships. A random sample of n=200 students are chosen. What is the expected number of students who have paid assistant ships in this sample?

From a consequentialist perspective that has as its

From a consequentialist perspective that has as its objective improving the standard of living of unskilled workers, is the introduction of a minimum wage ethically justified?

Please pick a health care phenomenaproblem and use philip

Please pick a health care phenomena/problem and use Philip Jacobs's descriptive, explanatory and evaluative model (in studying Economics) to analyze it. (Please use the real statistics that you search online and cite the ...

Leprosy also called hansens disease is a disease produced

Leprosy, also called Hansen's disease, is a disease produced by infection with a bacterium called Mycobacterium leprae. It has a long incubation period (time between getting infected and developing the disease), usually ...

Is it possible to have no or very small collinearity and

Is it possible to have no (or very small) collinearity and correlation between variables, yet have the same R squared and Adjusted R squared values?

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