itsmsjojobabyy3089 itsmsjojobabyy3089

15-11-2019
Business

contestada

Firms in a competitive market can sell as much as they like at a market price of $16. The cost function for each firm is TC = 50 + 4Q + 2Q^2. The associated marginal cost function is MC = 4 + 4Q and the point of minimum average cost is Q = 5. Using the profit maximizing rule, find the short-run profit at the profit maximizing quantity.

Respuesta :

cancinodavidq cancinodavidq

18-11-2019

Answer:

Q=3

P=16

Profit=-32

Explanation:

in perfect competition p=mc

16=4+4q

q=12/4

q=3

Profit = total revenue - total cost

Profit = (16*3) - (50 + 4(3) + 2(3*3)

Profit = 48 - (50+12+18)

Profit=-32

Answer Link

Otras preguntas

Discriminated avoidance involves responding in the absence of a signal. A) True B) False

the fish must be no more than 21 inches to keep

When two memories overlap in content, and the strength of either or both memories may be reduced, this is known as: a. Source amnesia b. Interference c. Consoli

Which of the following is a single-replacement reaction?A. CaCl₂ + Na₂CO₃CaCO₃ + 2NaClB. H₂ + Cl₂2HClC. 2AgNO₃ + Cu 2Ag + Cu(NO₃)₂D. CH₄ + 2O₂CO₂ + 2H₂O

Myra is in the process of replenishing the petty cash fund for her company. As part of the process, she needs to total up the voucher amounts. There are three v

The United States sent troops to South Vietnam because: they were anti-Communist. of the domino theory. Eisenhower considered North Vietnam to be a Communist th

There is seldom any risk of bid disqualification for a bidding contractor who chooses to insert qualifications into his bid for a design-bid-build project. Ther

How might contextual influences, especially at the exosystem and macrosystem levels of Bronfenbrenner's bioecological theory, influence parent-adolescent relati

Describe what a balance sheet tells about a business in your own words. Find a current annual report of a public company you would like to work for. Review the

Illuminate how you can integrate, deontological ethics, utilitarian ethics and virtue ethics in relation to environmental ethics and sustainability