The zinger company manufactures and sells a line of sewing, Ask an Expert

Economics

1. The Zinger Company manufactures and sells a line of sewing machines. Demand per period (Q) for a particular model is given by the following relationship:

Q = 400 - .5P

where P is price. Total costs (including a "normal" return to the owners) of producing Q units per period are:

TC = 20,000 + 50Q + 3Q2

a. Express total profits (p) in terms of Q.

b. At what level of output are total profits maximized? What price will be charged? What are total profits at this output level?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9463677

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question a person buys a bond that matures in 10 years and

Question: A person buys a bond that matures in 10 years and pays a 10% coupon rate. The face valley is 10,000 . How much money will be received in the 10th year? The response must be typed, single spaced, must be in time ...

Question economists say that there is a difference between

Question: Economists say that there is a difference between economic profit and accounting profit. What do you think that difference is? Begin by defining the concept of opportunity cost. The response must be typed, sing ...

Question whats the taxable equivalent yield on a municipal

Question: What's the taxable equivalent yield on a municipal bond with a yield to maturity of 7.00 percent for an investor in the 33 percent marginal tax bracket? (Round your answer to 2 decimal places.) The response mus ...

Question the 78 drop in the nasdaq index was actually

Question: The 78% drop in the Nasdaq index was actually greater in real terms than the 90% drop in the Dow from 1929 to 1932. Yet the economy suffered only a brief recession and rebounded quickly. Why did this huge decli ...

Question show the market for cigarettes in equilibrium

Question: Show the market for cigarettes in equilibrium, assuming that there are no laws banning smoking in public. Label the equilibrium private market price and quantity as Pm and Qm. Add whatever is needed to the mode ...

Question improved methods of inventory control were

Question: Improved methods of inventory control were supposed to reduce fluctuations in inventory stocks. It is clear that these methods have helped reduce the equilibrium inventory/sales ratios in both the manufacturing ...

Question below you find several incidents that are the

Question: Below you find several incidents that are the consequence of shifts in either Money Supply or Money Demand. First, tell me whether the instance is due to a Supply or Demand shift. Second, state which specific s ...

Question radio stations tornado sirens light houses and

Question: Radio stations, tornado sirens, light houses, and street lights are all public goods in that all are nonrivalrous and nonexclusionary. Therefore why does the government provide tornado sirens, street lights and ...

Suppose that in a week the price of milk decreases from 350

Suppose that in a week the price of milk decreases from $3.50 to $3.00 per carton. At the same time, the quantity of milk demanded at a typical grocery store increases from 10,000 to 12,000 cartons per month. What is the ...

Assignment describe international standard diagnosis

Assignment: Describe international standard diagnosis classification use in the US health care reimbursement and billing system. Utilizing your textbook and the Library: • Describe the importance of proper coding in heal ...

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