Where tc is total cost and q is the quantity produced. what, Ask an Expert

Economics

A) Analyse the two following situations for forms in competitive markets: a) suppose tha TC =100 +15Q, where TC is total cost and Q is the quantity produced. What is the minimum price necessary for this fi to produce any output in the short run?

B) suppose that MC=4Q, where MC is marginal cost. The perfectly competitive form maximizes profits by producing 10 units of output. At what price does it sell these units?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M940576

Have any Question?

Related Questions in Microeconomics

Question 1 identify one or two most important weaknesses

Question: 1) Identify one or two most important weaknesses/ problems in mental health policy and service delivery for children and adolescents today. 2) Identify recommendations to address these weaknesses/problems. What ...

Question a company has already spent 80000 developing a new

Question: A company has already spent $80,000 developing a new product, and is now considering whether or not to market the product. Tooling for production of the new product would cost $50,000. If the product is produce ...

Quesiton the firms demand for labor is a derived demanda

Quesiton: The firm's demand for labor is a derived demand. A. Explain the law of diminishing marginal returns and show graphically how it affects labor demand curves. B. Explain and show graphically why the marginal reve ...

Question you are a leading business executive for the

Question: You are a leading business executive for the following type of company: (A) Pharmaceutical manufacturer, (B) Airline, (C) Computer disc drives, (D) Mortgage broker, (E) Management consultant, (F) Department sto ...

Question - the political and economic system of a country

Question - The political and economic system of a country can significantly impact the ability of a firm to generate profits. Describe the importance of property rights for generating profits. Also, using either the Inde ...

Question write a short essay of about 750 words each on the

Question: Write a short essay of about 750 words each on the following topics: 1. What are the common defenses of protectionism? Evaluate them. 2. Explain Coase Theorem and show how it works with examples. 3. How does Ma ...

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 consider an air basin with only two consumer huck

Question: Consider an air basin with only two consumer, Huck and Matilda. Suppose Huck's demand for air quality is given by q_h=1-p where p is Huck's marginal willingness to pay for air quality. Similarly, Matilda's dema ...

Question if you were told the nominal exchange rate between

Question: If you were told the nominal exchange rate between Brazilian real and the US dollar is 1 real to 0.39 dollars, find the real exchange rate if you know the market basked of goods in the US is $95 and for the sam ...

Question last year assume that mcdonalds had a profit of 12

Question: Last year, assume that McDonald's had a profit of $1.2 billion, of which $0.8 billion was earned in foreign countries. Toyota had a profit of $2 billion (converted from yen), of which $0.6 billion was earned in ...

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