The supply and demand equations for a hypothetical perfectly competitive market are given by QS = -100 + 3P and QD = 500 - 2P.
a. Determine the firm's optimal (i.e. profit maximizing) level of output and its profit or loss.
b. Graph the MR and MC curves and use the graph to find the output at which the two curves intersect.
(**The graph must be used to provide the answer to the question).

(see attached for full problem description)
1
Global Corp. sells its output at the market price of $9 per unit. Each plant has the costs shown below:
What is the profit at each plant when operating at its optimaloutputlevel?
2
Suppose that you can sell as much of a product (in integer units) as you like at

Please can someone give some ideas, even if they don't know the final solution?
A firm receives a price of 120 for its output. Its total cost function is C=.02Q^3 +.4Q^2 - 5Q - 15.
a) Assuming the utility operates to maximize profits, what is this firm's profit maximizing outputlevel?
I know we have to use the qu

Tyvex LLC produces professional quality color laser printers. The market for professional color laser printers is monopolistically competitive. Assume that the inverse demand curve faced by Tyvex (given its competitors' prices) can be expressed as
P = 5,000 - .2Q
and Tyvex's total costs can be expressed as
TC = 20,000,000

1. Locate and explain how the optimaloutput maximizes the per unit profit (II).
2. What happens to profit if outputs are below or above the optimaloutputlevel?
3. Summarize the short run profit. Use numbers.
Refer to the attached image for more information on the numbers to include in the calculations and how to present

Suppose that a firm comes to you with the following information:
P=1.5
TC=(1/70)q^2-(25/35)q+100
MC=(1/35)q-(25/35)
i.What is the total profit/loss if the firm stays in business?
ii.What is the total profit/loss if the firm shuts down?
iii.Would you recommend that the firm stay in business or shutdown? Why?
iv.Please

Problem: "Optimal Input Level."
Ticket Services, Inc., promotes concerts and sporting events. The college uses a team of ten students to hand deliver flyers at the mall, where every hour increment of flyer advertising costs $130. Over the past year, the following relation between advertising and ticket sales per event has bee

As manager of Citywide Racquet Club, you must determine the best price to charge for locker rentals. Assume that the (marginal) cost of providing lockers is 0.
The monthly demand for lockers is estimated to be: Q= 100-2P where P is the monthly rental price and Q is the number of lockers rented per month.
a. What price wou

Answer the next question on the basis of the following information for a firm operating in an imperfectly competitive market:
Output------------Price------------Total Cost
----0--------------$500---------------$250
----1--------------$300---------------$260
----2--------------$250---------------$290
----3--------------$

Making dresses is a labor-intensive process. Indeed, the production function of a dressmaking firm is well described by the equation Q=L-L^2/800, where Q denotes the number of dresses per week and L is the number of labor hours per week. The firm's additional cost of hiring an extra hour of labor is about $20 per hour (wage plus