Assume a competitive firm faces a market price of $70,
and a cost curve of: C = 0.004q^3+ 050q + 750.
The firm's profit maximizing output level is ____units
(enter your response rounded to two decimal places),
Assume a competitive firm faces a market price of $70, and a cost curve of: C...
Assume a competitive firm faces a market price of $70, and a cost curve of: C -0.0034 +509 + 1000 The firm's profit maximizing output level is units (enter your response rounded to two decimal places),
Assume a competitive firm faces a market price of $70, a cost curve of: C = 0.0049% + 259 + 750, and marginal cost curve of: MC = 0.012q2 + 25. units, and the profit (to the nearest penny) at this The firm's profit maximizing output level (to the nearest tenth) is output level is $ . In this case, firms will . This will cause the market supply to V. This will continue until the price is equal to...
Assume a competitive firm faces a market price of $100, a cost curve of C 1.00q2 30q 1,600 and a marginal cost curve of MC 2.00q 30 The firm's profit maximizing output level is 35.00 units, the profit per unit is S-10.71, and total profit is: S-374.85. However, if the firm wanted to maximize the profit per unit, how much would it produce? It would produce units. (round your answer to two decimal places) If the firm produced this output...
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)
Assume a compettve fm faces a market price of $70, and a cost ourve of C-0003 50g 1000 (Enter your reaponse rounded to fwo decimal places-holude the minus sign The firm's proft maximizing output level is 47.17 units (onter your response rounded to two decimal places), and the per unit proft at this output level is necessary)
Consider the following cost curve for a firm in a competitive industry where the market price equals $200 C = 1/3q3+4q+750 What is the firm's marginal cost (MC)? MC = At what level of output does the firm maximize profits (minimize losses)? Profit is maximized at __units of output. (Round your answer to two decimal places.) What is the firm's profit maximizing price? The profit-maximizing price is $___ In the short-run, this firm should 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)
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...
the firm faces a constant price (P) of $60 A firm in a perfectly competitive market sells all its product (Q) at a constant price (P) of $60. Suppose the total cost function (TC) for this firm is described by the following equation: 2 3 TC(Q) = 128 + 69Q - 140 + Q (a)Form the profit function and determine the output that maximizes the firm's profit. Evaluate the second order condition to assure that profit is maximized at this...
The inverse demand curve a monopoly faces is p=20Q^−1/2. The firm's cost curve is C(Q)=4Q. What is the profit-maximizing solution? (Round all numeric to two decimal places.) The profit-maximizing quantity is 6.25. The profit-maximizing price is $8. What is the firm's economic profit? The firm earns a profit of $_________ (Round your response to two decimal places.)