Solved: Assume that the price of silk ties in a perfectly, Microeconomics

+44 141 628 6080
[email protected]

Assume that the price of silk ties in a perfectly

Assume that the price of silk ties in a perfectly competitive market is $17 and that the typical firm confronts the following costs: Quantity (ties per day) 0 1 2 3 4 5 6 7 8 9 10 Total Cost 17 24 33 44 57 72 89 108 129 152 177

a) What is the profit-maximizing rate of output for the firm?

b) How much profit does the firm earn at that rate of output?

c) If the price of ties fell to $11, how many ties should the firm produce? ties/day

d) At what price should the firm shut down?

View Complete Question

Solution Preview :

Prepared by a verified Expert

Microeconomics: Assume that the price of silk ties in a perfectly

Reference No:- TGS0657863

Now Priced at $20 (50% Discount)

Recommended (91%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : According to the rule of 70 how long will it take for your

According to the rule of 70, how long will it take for your income to double if you get a 5 percent raise every year? If you start work at the age of 23 earning $40,000 per year and get a 5 percent raise every year, how much will you be earning if yo

Q : If an automobile air bag has a volume of 122 l what mass of

If an automobile air bag has a volume of 12.2 L, what mass of NaN3 (in g) is required to fully inflate the air bag upon impact. Assume STP conditions. 2NaN3(s) --> 2Na(s) + 3N2 (g)

Q : The electric potential on the surface of a conductor in

The electric potential on the surface of a conductor (in static equilibrium) is 5V. find electric potential in the interior of the conductor

Q : A steady-state incompressible two-dimensional velocity

A steady-state, incompressible two-dimensional velocity field (u,v) is given by the following components in the xy-plane u = 0.2 + 1.3x + 0.85y v = -0.5 + 0.95x - 1.3y

Q : Assume that the price of silk ties in a perfectly

Q : A spherical conductor is charged so that its surface

A spherical conductor is charged so that its surface potential is Vo=1000V. If the radius of the sphere is R=10m, what is the potential in the center of the sphere

Q : For each reaction identify the substance being oxidized and

For each reaction, identify the substance being oxidized and the substance being reduced. Express answers as chemical formulas for oxidized and reduced answers. 1. 2Sr(s)+O2(g)----->2SrO(s) 2. Ca(s)+Cl2(g)---->CaCl2(s) 3. Ni^2+(aq)+Mg^2+(aq)

Q : How does analysis of demand contribute to business decision

How does analysis of demand contribute to business decision making give your answer with reference to the responsibilities of a sales manager?

Q : Imagine holding the above plastic block under water when

Imagine holding the above plastic block under water. When released, what is the upward acceleration of the block

1932585

Questions
Asked

3,689

Active Tutors

1443300

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Solution Preview :

Prepared by a verified Expert

Microeconomics: Assume that the price of silk ties in a perfectly

Reference No:- TGS0657863

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : According to the rule of 70 how long will it take for your

Q : If an automobile air bag has a volume of 122 l what mass of

Q : The electric potential on the surface of a conductor in

Q : A steady-state incompressible two-dimensional velocity

Q : Assume that the price of silk ties in a perfectly

Q : A spherical conductor is charged so that its surface

Q : For each reaction identify the substance being oxidized and

Q : How does analysis of demand contribute to business decision

Q : Imagine holding the above plastic block under water when

What helps to be more professional

Patient tokala insists that he never dreams

How children have an innate resilience

How you ensure that other team members understand roles

How social determinants of health affect the physiological

Reviewing your cliftonstrengths themes

How level of parental involvement impact middle school

Solution Preview :

Prepared by a verified Expert

Microeconomics: Assume that the price of silk ties in a perfectly

Reference No:- TGS0657863

Recent Questions Asked Microeconomics

Q : According to the rule of 70 how long will it take for your

Q : If an automobile air bag has a volume of 122 l what mass of

Q : The electric potential on the surface of a conductor in

Q : A steady-state incompressible two-dimensional velocity

Q : Assume that the price of silk ties in a perfectly

Q : A spherical conductor is charged so that its surface

Q : For each reaction identify the substance being oxidized and

Q : How does analysis of demand contribute to business decision

Q : Imagine holding the above plastic block under water when

Asked Questions