Your firms research department has estimated your totoal revenues to be R(Q)=3,000-8Q^2 and your total costs to be C(Q)=100+2Q^2 a. What level of Q maximizes the net benefits? b. What is marginal benefits at this level of Q? c. What is marginal cost at this level of Q? d. What is the maximum level of net benefits? e. W
(See attached file for full problem description with diagram) --- 11. (MPC and MPS) If consumption increases by $12 billion when real disposable income increases by $15 billion, what is the value of the MPC? What is the relationship between the MPC and the MPS? If the MPC rises, what must happen to the MPS? How is the MPC r
A firm is considering building a bridge. The cost to build the bridge is $2 million with no maintenance costs. The following table shows demand for bridge: Price per crossing # of crossings $8 0 7 100 6 200 5 300 4 400 3 500 2 600 1 700 0 800 a. What is the profit maximizing price? b. What is the efficient
Use the following data to answer questions 1-3(be sure to provide all caculations). Quantities produced Prices Cds Tennis Racquets Cds Tennis Racquets 2004 100 200 20 110 2005 120
Please provide reason for answer. == A perfectly competitive market firm realizes an average of $11.00 and an average total cost of $10.00. Its marginal cost curve crosses the marginal revenue curve at an output level of 100 units. The current profit is $100.00. What is likely to occur in this market? (A) Price will go dow
Explain why the prices and price-cost margins (i.e., Lerner indexes) are different in each market; in particular, explain how the price sensitivity in each market relates to the price level.
Explain why the prices and price-cost margins (i.e., Lerner indexes) are different in each market; in particular, explain how the price sensitivity in each market relates to the price level. Please see attached files, and my working model, may be helpful.
"What value added means is not a higher price for certain goods. Value added means adding value to a raw product at its present stage of production and possibly taking that product to the next stage of production. It is basically the difference between the income received from the sale of the various products or services of a bu
A monopolist faces a market demand curve given by Demand: Q = 70 - P such that the marginal revenue curve is MR = 70 - 2Q The monopolist faces the following cost structure: C = .25Q^2 - 5Q + 300 such that the marginal cost curve is MC = .5Q - 5 What output level will the monopolist choose in order to maximize p
I have outlined three products, I was given an income statement ( labeled before), next I created a revised Economic P&L. I did two interviews one with Michael Espinosa, the other with Rachael Dixon. I am interested in an assessment of each VP's recommendation regarding sound-card production levels, including an analysis of eac
Please study these, you will see them again. 1. Question 1 - 4 using the information presented in question 1. A monopoly faces the following demand curve and total cost curve: Q = 2400 -100P TC = 150,000 + 6Q. Find the profit maximizing level of price a. P = $15 b. P = $16 c. P = $17 d. P = 19 2. Fin
Please help with the analysis in the attached and also the formulas/theories behind the concepts user.
How does a firm choose the optimal combination of factors of production when it wants to minimise costs for a given output, and when it wants to maximise output for given cost?
When prices in monopolistically competitive markets exceed those in a perfectly competitive equilibrium, this difference is the cost of: a. information b. market power c. inefficiency d. product differentiation
QPL offers mail-order storage containers for fine china. The co is the low cost provider of these quilted boxes with fixed costs of $480000per year, plus variable costs of $30per box. Annual demand and marginal revenue relations for the co. are: P=$70 - $0.0005; MR=dTR/dQ = $70-$0.001Q A. Calculate the profit maximizing aac
A.What is the profit maximizing output for this company? b.What is the profit (loss) this firm will make at the profit maximizing level of output? c.How many firms will compete in this market at the profit maximizing price and quantity? d.In the long run, what will be the profit-maximizing price and quantity in this market? What is the profit maximizing quantity in the long run and what will the level of economic profit be for each of these N identical firms?
1. A profit-maximizing firm operating in a perfectly competitive market can sell products for $100 per unit. The firm has a cost function represented by: C(Q) = 1000- 160Q + 10QSqr(10 q squared) . The market demand function for this product is Qd = 500 - 3P. a.What is the profit maximizing output for this company? b.Wh
P = $130 - $0.000125Q MR - $130 - 0.00025 Fixed development cost = $600,000 Marginal costs are $63 per unit. Calculate output, price, total revenue and total profit at the revenue maximizing activity level and then at the profit maximizing level (present each with relevant diagrams).
Complete the following table, assuming that each unit of labor below costs $75 per day. L Q TFC TVC STC MC 0 0 $300 $ $ $ 1 5 75 15 2 11 150 450 12.5 3 15 525 4 18
PLEASE REPLY IN TABLE FORMAT FOR THE FIRST SECTION AND EXPLAIN A,B,C,& D. Complete the following table, where L is units of labor, Q is units of output and MP is the marginal product of labor. L Q MP TVC STC MC ATC 0 0 $0 $12 1 6 3 15 2 15 6 3 2