Homework Answers
Add Answer to:
VC. ( points) 2. (5 points) At its current level of production, a profit-maximizing firm in...
At its current level of production a profit-maximizing firm in a competitive market receives $10 for...
At its current level of production a profit-maximizing firm in a competitive market receives $10 for each unit it produces and faces an average total cost of $12.5. At the market price of $10 per unit, the firm's marginal cost curve crosses the marginal revenue curve at an output level of 1,000 units. What is the firm's current profit? What is likely to occur in this market and why?
At its current level of production, a profit-maximizing firm in a competitive market receives $15 for...
At its current level of production, a profit-maximizing firm in a competitive market receives $15 for each unit it produces and faces an average total cost of $10. At the market price of S15 per unit, the firm's marginal cost curve crosses the marginal revenue curve at an output level of 1.300 units. What is the fim's current profit? What is likely to occur in this market and why?
If the firm produced at this output level, what would the profit be? (Round to two...
If the firm produced at this output level, what would
the profit be? (Round to two decimal points)
Assume a competitive firm faces a market price of $100, a cost curve of C 0.64q 25q+1,600 and a marginal cost curve of MC 1.28q 25. The firm's profit maximizing output level is 58.59 units, the profit per unit is $10.19, and total profit is: $597.03 However, if the firm wanted to maximize the profit per unit, how much would it produce?...
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)
Suppose that a perfectly competitive firm faces a market price of $ 12 12 per unit,...
Suppose that a perfectly competitive firm faces a market price of $ 12 12 per unit, and at this price the upward-sloping portion of the firm's marginal cost curve crosses its marginal revenue curve at an output level of 1 comma 800 1,800 units. If the firm produces 1 comma 800 1,800 units, its average variable costs equal $ 7.00 7.00 per unit, and its average fixed costs equal $ 1.00 1.00 per unit. What is the firm's profit-maximizing (or...
24. ته هن ف At its current output, a profit-maximizing firm finds that its price >...
24. ته هن ف At its current output, a profit-maximizing firm finds that its price > marginal cost. If we do not know whether the firm is a monopoly or if it is perfectly competitive, then we can correctly say that this firm will increase production. this firm will decrease production. new firms will enter the market over time. this firm may be maximizing profit if it is perfectly competitive. this firm may be maximizing profit if it is a...
At a firm's current level of production, marginal revenue is greater than marginal cost (MR>MC).A profit-maximizing...
At a firm's current level of production, marginal revenue is greater than marginal cost (MR>MC).A profit-maximizing firm will increase prices. increase output decrease output. O shut down.
Assume a competitive firm faces a market price of $100, a cost curve of C 0-64q2...
Assume a competitive firm faces a market price of $100, a cost curve of C 0-64q2 + 25q + 1,600 and a marginal cost curve of MC 1.28q 25. The firm's profit maximizing output level is 58.59 units, the profit per unit is $10.19, and total profit is: $597.03 However, if the firm wanted to maximize the profit per unit, how much would it produce? It would produceunits. (round your answer to two decimal places)
If P = $8 and MC = $5 + 2Q, the competitive firm's profit-maximizing level of...
If P = $8 and MC = $5 + 2Q, the competitive firm's profit-maximizing level of output is: a. 1.5 b. 0.2 c. 8 d. 15 2. If a firm faces the demand curve P = 60 – Q and the price is $30, the consumer surplus is: a. 200 b. 300 c. 450 d. 650 3. If the demand curve is P = 60 – Q and the supply curve is Q = P, the market equilibrium...
A competitive firm's cost of producing q units of output is C = 18 + 4q + q^2 Its corresponding m...
A competitive firm's cost of producing q units of output is C = 18 + 4q + q^2 Its corresponding marginal cost is MC = 4 + 2q. a. The firm faces a market price p = $24. Create a spreadsheet with q = 0, 1, 2, ..... 15, where the columns are q, R, C, VC, AVC, MC, and profit. Determine the profit-maximizing output for the firm and the corresponding profit. Should the firm produce this level of output...
At its current level of production, a profit-maximizing firm in a competitive market receives $15 for each unit it produces and faces an average total cost of $10. At the market price of S15 per unit, the firm's marginal cost curve crosses the marginal revenue curve at an output level of 1.300 units. What is the fim's current profit? What is likely to occur in this market and why?
If the firm produced at this output level, what would
the profit be? (Round to two decimal points)
Assume a competitive firm faces a market price of $100, a cost curve of C 0.64q 25q+1,600 and a marginal cost curve of MC 1.28q 25. The firm's profit maximizing output level is 58.59 units, the profit per unit is $10.19, and total profit is: $597.03 However, if the firm wanted to maximize the profit per unit, how much would it produce?...
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)
24. ته هن ف At its current output, a profit-maximizing firm finds that its price > marginal cost. If we do not know whether the firm is a monopoly or if it is perfectly competitive, then we can correctly say that this firm will increase production. this firm will decrease production. new firms will enter the market over time. this firm may be maximizing profit if it is perfectly competitive. this firm may be maximizing profit if it is a...
At a firm's current level of production, marginal revenue is greater than marginal cost (MR>MC).A profit-maximizing firm will increase prices. increase output decrease output. O shut down.
Assume a competitive firm faces a market price of $100, a cost curve of C 0-64q2 + 25q + 1,600 and a marginal cost curve of MC 1.28q 25. The firm's profit maximizing output level is 58.59 units, the profit per unit is $10.19, and total profit is: $597.03 However, if the firm wanted to maximize the profit per unit, how much would it produce? It would produceunits. (round your answer to two decimal places)
Most questions answered within 3 hours.
-
Alice has the RSA public key (n, e) = (11413, 251) and private
key d =...
asked 12 minutes ago -
QUESTION 5
A drug or medicine can reach the brain more effectively by
placing the drug...
asked 15 minutes ago -
Developmental biology
A mouse contains a mutation that results in a failure of their
long
bones...
asked 11 minutes ago -
Rammazzotti, Inc., is looking for feedback on company
performance. The company compares the budget for the...
asked 17 minutes ago -
A manufacturer of chocolate chips would like to know whether its
bag filling machine works correctly...
asked 25 minutes ago -
Consider the student registration business process at
your college:
1.)Describe the steps necessary for you to...
asked 32 minutes ago -
when released from rest at point A, an unknown ion moves to
point B. At point...
asked 24 minutes ago -
A stock is expected to pay the following dividends: $1.1
four years from now, $1.4 five...
asked 30 minutes ago -
G=yellow and g=green pea seeds. You cross a heterozygous
yellow-seeded plant with a green-seeded plant to...
asked 32 minutes ago -
Current Balance Experiment
a) When there is no current flowing through the electromagnet
coil, is there...
asked 31 minutes ago -
In Visual Basic 2017, Write a complete Main method that prints
Hello, world to the screen....
asked 47 minutes ago -
a) Find the pressure difference on an airplane wing if air flows
over the upper surface...
asked 53 minutes ago