Calculate values at the profit-maximizing activity level, Microeconomics

+44 141 628 6080
[email protected]

Calculate values at the profit-maximizing activity level

Average Cost Minimization: Giant Screen TV, Inc., is a Miami-based importer and distributor of 60-inch screen HDTV's for residentual and commerical customers. Revenue and cost relations are as follows:

TR=$1,800Q-$0.006Q^2
MR=$1,800-$0.012Q
TC=$12,100,000 + $800Q + $0.008Q

A. Calculate output, marginal cost, average cost, price, and profit at the average cost-minimizing activity level.

B. Calculate these values at the profit-maximizing activity level.

C. Compare and discuss your answers to parts A and B.

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Calculate values at the profit-maximizing activity level

Reference No:- TGS064112

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : Determining the violation of the law of demand

In 2001, Bob's Burgers charged $1.50 for a quarter-pound hamburger with all the fixin's, and sold 7,500 of them. In 2002, although Bob raised the price to $1.75, sales of quarter-pound burgers rose to 8,200. Explain why this does not represent a v

Q : Compute the equivalent units of production for each input

The ending inventory of 6,000 chairs was 100% complete as to materials and 40% complete as to labor. Bisson uses first-in, first-out (FIFO) costing.Compute the equivalent units of production for each input.

Q : Evaluate market system is profit-and-loss system

Evaluate and explain the following statements: "The market system is a profit-and-loss system." "Competition is the disciplinarian of the market system."

Q : Material used during the period amounted

The standards for direct materials in making a certain product are 20 pounds at $0.75 per pound. During the past period, 56,000 units of product were made and the material quantity variance was $30,000 U. The number of pounds of direct material us

Q : Calculate values at the profit-maximizing activity level

Calculate output, marginal cost, average cost, price, and profit at the average cost-minimizing activity level. Calculate these values at the profit-maximizing activity level.

Q : What is the value of the bond

A bond maturing in 7 years pays 8% on a $1,000 face value. However interest is paid semi-annually. If your required rate of return is 10%, what is the value of the bond? What is the value if the interest rate were paid annually?

Q : Explain whether events increase long-run aggregate supply

Explain whether each of the following events will increase, decrease, or have no effect on long-run aggregate supply. 1. The United States experiences a wave of immigration.

Q : Fixed manufacturing overhead costs

An outside supplier has offered to sell Hanson, Inc. all of the prositrons it requires. If Hanson, Inc. decided to discontinue making the prositrons, 10% of the above fixed manufacturing overhead costs could be avoided.

Q : Ordinary demand and compensated demand functions

What is the theoretical differences between ordinary demand functions and compensated demand functions?

1958994

Questions
Asked

3,689

Active Tutors

1424378

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 values at the profit-maximizing activity level

Reference No:- TGS064112

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Determining the violation of the law of demand

Q : Compute the equivalent units of production for each input

Q : Evaluate market system is profit-and-loss system

Q : Material used during the period amounted

Q : Calculate values at the profit-maximizing activity level

Q : What is the value of the bond

Q : Explain whether events increase long-run aggregate supply

Q : Fixed manufacturing overhead costs

Q : Ordinary demand and compensated demand functions

How you ensure that other team members understand roles

Searching for articles relating to young people

Reviewing your cliftonstrengths themes

What helps to be more professional

What when a counselor asks a client to pretend to interview

How social determinants of health affect the physiological

Comment on parenthetical style

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Calculate values at the profit-maximizing activity level

Reference No:- TGS064112

Recent Questions Asked Microeconomics

Q : Determining the violation of the law of demand

Q : Compute the equivalent units of production for each input

Q : Evaluate market system is profit-and-loss system

Q : Material used during the period amounted

Q : Calculate values at the profit-maximizing activity level

Q : What is the value of the bond

Q : Explain whether events increase long-run aggregate supply

Q : Fixed manufacturing overhead costs

Q : Ordinary demand and compensated demand functions

Asked Questions