What is this firm's profit if price, p = $72? Profit = pq - 6q2 -...
What is this firm's profit if price, p = $72?
Profit = pq - 6q2 - 12
432
0
78
204
Homework Answers
Answer: Option d) is correct. 204
Reason:
STEP 1: First derivative of Profit
d(Profit) / dq = p -12q
Step 2: Equate it to 0 for profit maximization
p -12q = 0
p = 12q
72 = 12q
q = 6
Thus profit = pq - 6q2 - 12
= 72*12 - 6*36 - 12
= 204
Add Answer to:
What is this firm's profit if price, p = $72?
Profit = pq - 6q2 -...
a-what is the firm's maximizing output? b-what is the firm's profit? c- if the price drops...
a-what is the firm's maximizing output?
b-what is the firm's profit?
c- if the price drops below ? this firm will shut down
MC ATC AVC P=150 D=MR 120 104 1500 2400 3200 4800 6000 7400
Suppose that a firm's demand curve is given by P 14 0.5 Q What is the profit-maximizing price if total cost is TC 3.Q?
Suppose that a firm's demand curve is given by P 14 0.5 Q What is the profit-maximizing price if total cost is TC 3.Q?
What is this firm's profit? P, MC, AC MC ATC P=50 35 25 9 qº=20
What is this firm's profit? P, MC, AC MC ATC P=50 35 25 9 qº=20
What is this firm's profit? P, MC, AC MC ATC P=100 25 20-- 9 q*=30
What is this firm's profit? P, MC, AC MC ATC P=100 25 20-- 9 q*=30
Instructions Answer these 3 scenarios. Here is a handout Scenario #1 Scenario #2 Scenario #3 Suppose a price-discrimin...
Instructions
Answer these 3 scenarios. Here is a handout
Scenario #1
Scenario #2
Scenario #3
Suppose a price-discriminating monopoly has segregated its
market into two sub-markets (Market 1 and Market 2) and can prevent
resale between the two. Assume that its marginal cost
is $10 and equal to its average total
cost of $10. The firm's demand schedule for the first
group is given by the first two columns of the table.
Market 1
Market 2
Output
Price
Total Revenue...
What is the firm's profit? (Round to two decimal points) Assume a competitive firm faces a...
What is the firm's profit? (Round to two decimal
points)
Assume a competitive firm faces a market price of $120, a cost curve of C20q 500, and a marginal cost of MCqt 20 What is the firm's profit maximizing output level? 10 units. (round your answer to two decimal places) What is the firm's profit maximizing price? $ 120.(round to the nearest penny) What is the firm's profit? S(round to the nearest penny)
What is the level of profit? Profit equals $_______________ Suppose that a firm's production function is...
What is the level of profit? Profit equals $_______________
Suppose that a firm's production function is q=4x0.5 in the short run, where there are fixed costs of $2,000, and x is the variable input whose cost is $800 per unit. What is the total cost of producing a level of output q? In other words, identify the total cost function C(q). The total cost of producing a level of output q is O A. C(q) = 2,000 + O B....
How to compute the profit of each firm? The answer should be 737.50. 10.3 MARGINAL REVENUE,...
How to compute the profit of
each firm? The answer should be 737.50.
10.3 MARGINAL REVENUE, MARGINAL COST, AND PROFIT MAXIMIZATION Profit Example 1: Solve by using the slope of the profit function For P=120: Profit: re(q) = 1207-200-6q2 Find q* such that slope of profit function is zero. 209 (q) Slope of r(q) is dr(q) = 120-129 -200 da dr(Q) - 0 Solve for q* such that da 120 – 12q=0 120=129 q* =10 At q*=10, firm's profit is...
. Suppose TC 10+0.12, MC0.2q. If p 10, the firm's profit on the perfectly competitive market...
. Suppose TC 10+0.12, MC0.2q. If p 10, the firm's profit on the perfectly competitive market in the short run will be (a) 240 (b) 250 (c) 260 (d) -10 because the firm will shut down. (e) None of the above 4. Dayna's Doorstops, Inc. (DD) is a monopolist in the doorstop industry. Its cost is TC = 100-5q+q2, MC = 2q-5, and the demand function is Q = 55-p (inverse demand is p 55 Q). What price should DD...
What is the firm's current year net profit margin? What is the firm's net income for...
What is the firm's current year net profit margin?
What is the firm's net income for the current year
What is the firm's current year operating profit margin?
What is the firm's current year gross profit margin?
What is the entry for the current year's interest expense on a
common sized income statement?
??? unanswered not submitted Attempts Remaining: Infinity Category Prior Year Current Year Accounts payable ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000...
a-what is the firm's maximizing output?
b-what is the firm's profit?
c- if the price drops below ? this firm will shut down
MC ATC AVC P=150 D=MR 120 104 1500 2400 3200 4800 6000 7400
Suppose that a firm's demand curve is given by P 14 0.5 Q What is the profit-maximizing price if total cost is TC 3.Q?
What is this firm's profit? P, MC, AC MC ATC P=50 35 25 9 qº=20
What is this firm's profit? P, MC, AC MC ATC P=100 25 20-- 9 q*=30
Instructions
Answer these 3 scenarios. Here is a handout
Scenario #1
Scenario #2
Scenario #3
Suppose a price-discriminating monopoly has segregated its
market into two sub-markets (Market 1 and Market 2) and can prevent
resale between the two. Assume that its marginal cost
is $10 and equal to its average total
cost of $10. The firm's demand schedule for the first
group is given by the first two columns of the table.
Market 1
Market 2
Output
Price
Total Revenue...
What is the firm's profit? (Round to two decimal
points)
Assume a competitive firm faces a market price of $120, a cost curve of C20q 500, and a marginal cost of MCqt 20 What is the firm's profit maximizing output level? 10 units. (round your answer to two decimal places) What is the firm's profit maximizing price? $ 120.(round to the nearest penny) What is the firm's profit? S(round to the nearest penny)
What is the level of profit? Profit equals $_______________
Suppose that a firm's production function is q=4x0.5 in the short run, where there are fixed costs of $2,000, and x is the variable input whose cost is $800 per unit. What is the total cost of producing a level of output q? In other words, identify the total cost function C(q). The total cost of producing a level of output q is O A. C(q) = 2,000 + O B....
How to compute the profit of
each firm? The answer should be 737.50.
10.3 MARGINAL REVENUE, MARGINAL COST, AND PROFIT MAXIMIZATION Profit Example 1: Solve by using the slope of the profit function For P=120: Profit: re(q) = 1207-200-6q2 Find q* such that slope of profit function is zero. 209 (q) Slope of r(q) is dr(q) = 120-129 -200 da dr(Q) - 0 Solve for q* such that da 120 – 12q=0 120=129 q* =10 At q*=10, firm's profit is...
. Suppose TC 10+0.12, MC0.2q. If p 10, the firm's profit on the perfectly competitive market in the short run will be (a) 240 (b) 250 (c) 260 (d) -10 because the firm will shut down. (e) None of the above 4. Dayna's Doorstops, Inc. (DD) is a monopolist in the doorstop industry. Its cost is TC = 100-5q+q2, MC = 2q-5, and the demand function is Q = 55-p (inverse demand is p 55 Q). What price should DD...
What is the firm's current year net profit margin?
What is the firm's net income for the current year
What is the firm's current year operating profit margin?
What is the firm's current year gross profit margin?
What is the entry for the current year's interest expense on a
common sized income statement?
??? unanswered not submitted Attempts Remaining: Infinity Category Prior Year Current Year Accounts payable ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago