You have the follwoing information for a firmtr 200 q, Ask an Expert

Management Studies

You have the follwoing information for a firm:

TR = 200 Q – Q2 (this is Q squared, NOT Q*2)

MR = 200 – 2 Q

TC = 1000 - 8 Q + Q2 (this is Q squared, NOT Q*2)

MC = - 8 + 2 Q

a. If the firm produces 60 units of output, what are profits or losses for this firm?

b. Is the firm maximizing profits producing Q = 60? If not, what is the profit-maximizing level of output produced? c. Prove that your answer to part b represents the profit maximizing output produced.

d. What are maximum profits?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92030532

Have any Question?Write your Review or question?

Related Questions in Operation Management

Research and choose a public health hospital nursing home

Research and choose a public health, hospital, nursing home or other health care quality or performance improvement issue or problem. Write a 3-5 page paper on how you would go about improving this problem. What types of ...

Textbook business research methods by donald r cooper and

Textbook : BUSINESS RESEARCH METHODS By DONALD R. COOPER and PAMELA S. SCHINDLER Review the scenario discussed in chapter 8 (in "business research method.pdf"), discussion question 8 (on the final pages of the chapter). ...

1 what are the strengths and weakness of psychodynamic

1. What are the strengths and weakness of Psychodynamic Approach? 2. Starting on pg 301, describe any experience, that relates to any of the key concepts and dynamics within the Pschodynamic Approach 3. How can this chap ...

New wave musicnew wave music is an international company

New Wave Music New Wave Music is an international company that develops music software that is used to compose music, play recordings in clubs, and produce albums. Founder and CEO Moritz Halbach is the company’s biggest ...

1 comment on the importance of gattwto and arrangements

1. Comment on the importance of GATT,WTO and arrangements such as the NAFTA in ensuring trade is fair in the international environment. 2. Discuss the impact of such agreements in a chosen sector in Trinidad and Tobago. ...

1 social profiles and crowdsourced ratings can improve

1) Social profiles and crowdsourced ratings can improve trust, but they can also create opportunities for fraud and discrimination. Give examples of where this technology may have negative ethical implications, and discu ...

Determine whether certain contract remedies exist in the

Determine whether certain contract remedies exist in the following scenario: Forrest Gump is a famous table tennis player. He enters into a contract with Alabama Sports Marketing to advertise the latest ping pong game an ...

One aspect of industry analysis is examining industry

One aspect of industry analysis is examining industry trends and the factors that impact them, which is the topic of this discussion. Consider the industry of your current job, or choose an industry in which you are inte ...

Need to answer all three discussion questionsalso specify

NEED TO ANSWER ALL THREE DISCUSSION QUESTIONS...also specify which answer goes to which discussion question Question 1 There are some big differences between page tagging and web server log analysis. What are some of the ...

Microft rentals supplies power tools for special projects

Microft Rentals supplies power tools for special projects. They charge $210 per day for jack hammers, $250 per day for generators, and $400 per day for tractors. The maintenance costs for the jack hammers run $25 per day ...

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 Operation Management Expert