Calculate the firm-s optimal output and profits, Microeconomics

+44 141 628 6080
[email protected]

Calculate the firm-s optimal output and profits

Competitive Market Equilibrium: The firm provides recycled toner cartridges for printers. The market is perfectly competitive.

TC=$4000+5Q+0.1Q2; MC=ΔTC/ΔQ=$5+$0.2Q, where Q is the number of recycled toner cartridges.

Calculate the firm's optimal output and profits if prices are stable at $55 per toner cartridge.
Calculate the firm's optimal output and profits if prices rise to $65 per unit.
Calculate equilibrium output, price and profit levels if the firm is typical in its industry.

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Calculate the firm-s optimal output and profits

Reference No:- TGS042864

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : Determine current account balance-capital account balance

Organize the above data into the appropriate categories for the current and capital accounts; determine the current account balance, the capital account balance, and the official settlements account balance.

Q : What are the tax rates of each grouping

If he has a net long-term capital gain, what is its makeup in terms of the groupings? What are the tax rates of each grouping?

Q : How many units must be sold next year

In the current year, the company sold 43,000 units. due to competition, management must lower the selling price by 10% next year? how many units must be sold next year to earn the same operating income as was earned in the previous year?

Q : Determine by ability develop-talented workforce

Determine by the ability to find, attract, keep, develop, and tap into the most talented workforce that can be assembled.

Q : Calculate the firm-s optimal output and profits

Calculate the firm's optimal output and profits if prices are stable at $55 per toner cartridge. Calculate the firm's optimal output and profits if prices rise to $65 per unit.

Q : Amount increase its demand deposits

Carlton Bank has an increase in reserves of $1,000,000. If the reserve ratio is 10%, by what amount may Carlton increase its demand deposits?

Q : Explain price floors and price ceilings in our economy

Do they do more harm than good? Do you feel there is an excessive amount of regulation in our economy in general? Why or why not?

Q : Resources available within an economy

Which of the following statements is correct if there is an increase in the resources available within an economy?

Q : What is the long-run effect

If the federal government regulates a product or service in a competitive market by setting a maximum price below the equilibrium price, what is the long-run effect?

1956473

Questions
Asked

3,689

Active Tutors

1428350

Questions
Answered

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

ask Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Calculate the firm-s optimal output and profits

Reference No:- TGS042864

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Determine current account balance-capital account balance

Q : What are the tax rates of each grouping

Q : How many units must be sold next year

Q : Determine by ability develop-talented workforce

Q : Calculate the firm-s optimal output and profits

Q : Amount increase its demand deposits

Q : Explain price floors and price ceilings in our economy

Q : Resources available within an economy

Q : What is the long-run effect

Identify ego psychology limitations

Which source type would be an example of a secondary source

How do social media affect the development of self-esteem

Review video being mortal- medicine and what matters in end

Determining whether male college students

Discussion about natural philosophy

Competence and confidence when imagining or engaging

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Calculate the firm-s optimal output and profits

Reference No:- TGS042864

Recent Questions Asked Microeconomics

Q : Determine current account balance-capital account balance

Q : What are the tax rates of each grouping

Q : How many units must be sold next year

Q : Determine by ability develop-talented workforce

Q : Calculate the firm-s optimal output and profits

Q : Amount increase its demand deposits

Q : Explain price floors and price ceilings in our economy

Q : Resources available within an economy

Q : What is the long-run effect

Asked Questions