(Answered) Te pre-tax cost function for johns shoe repair is cq 99

Management Studies

The pre-tax cost function for John's Shoe Repair is C(q) = 99 + 9q - q2, and the firm faces a tax of t = 9.

a. What is the firm's profit-maximizing condition if the market price is p?

b. Also, solve for a single, profit-maximizing quantity in terms of p.

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92752464
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

A biased coin has probability 06 of turning up heads you

A biased coin has probability 0.6 of turning up heads. You win $x if a head comes up and you lose $y if a tail comes up. If your expected winnings is $0, what is the relationship between x and y?

A very important client bob is in town and his expenses are

A very important client, Bob, is in town and his expenses are being covered by XYZ company. This client controls a large portion (over 50%) of the business XYZ company does each year. When he submits his expense report, ...

Suppose the restaurant industry is perfectly competitive

Suppose the restaurant industry is perfectly competitive and all producers have identical cost curves. The industry is currently at a long-run equilibrium, with each firm producing at its minimum long run average total c ...

Generate a c program tonbspsort items of a structs-of-array

Generate a C++ program to sort items of a structs-of-array. Assume that the struct is struct invoice { unsigned int custNo; unsigned short amount; string owner; }; Generate an array with 20 invoices, which are randomly ...

Explain situational transformational and servant

Explain Situational, Transformational, and Servant Leadership.Of these three approaches, do you feel one is more effective than the others? Justify your response.

Make a function last-char that consumes a nonempty string

Make a function last-char that consumes a nonempty string and produces a string consisting of the last character in the original string.

Which model is joes best choice if he is presenting a

Which model is Joe's best choice if he is presenting a speech on the contribution to holes in the ozone by cattle?

How much of the opposing side should you share in a

How much of the opposing side should you share in a presentation to a multiple-perspective audience, and what techniques would you use?

Total quality management involves a continuous improvement

Total quality management involves a continuous improvement approach. 1. How is continuous improvement related to innovation? 2. What is breakthrough innovation? 3. What are the risks and rewards associated with innovatio ...

What are performance standards and what is the difference

What are performance standards? And what is the difference between KPI's and a performance standard?

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 Management Expert