How many hammers to produce to maximize short-run profits, Microeconomics

+44 141 628 6080
[email protected]

How many hammers to produce to maximize short-run profits

Assume XYZ Company produces hammers with the following total cost function =15,550+10Q+0.1Q2, where Q=quantity of hammers produced. If XYZ Company can sell as many hammers it wishes at the current market price of $20, how many hammers should it produce to maximize its short-run profits?

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: How many hammers to produce to maximize short-run profits

Reference No:- TGS039309

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : Compute the sales margin

Assume a prospective project for the Rugby Division has operating income of $10,000, average operating assets of $60,000, average current liabilities of $4,000, and has a positive net present value.

Q : Preparing an operating budget

Dunbar Company manufactures drinking glasses. One unit is a package of 8 glasses, which sells for $20. Dunbar projects sales for April will be 3,000 packages, with sales increasing by 100 packages per month for May, June, and July.

Q : Which cause an outward shift in the supply curve

Other things being equal, an increase in wages paid to workers in the steel industry will cause. Which of the following will cause an outward (rightward) shift in the supply curve?

Q : Comment on strategy of your competitors

Do not get involved in legal detail, but examine the options as it pertains to your company. Develop a recommendation for your company and comment on the strategy of your competitors.

Q : How many hammers to produce to maximize short-run profits

If XYZ Company can sell as many hammers it wishes at the current market price of $20, how many hammers should it produce to maximize its short-run profits?

Q : Stock-for-stock transactions and cash-for-stock transaction

Explain the advantages and disadvantages of stock-for-stock transactions and cash-for-stock transaction

Q : Explanation for increase in demand for college education

One cause for the increase in price has been an increase in demand for college education. In the standard model, what could be a possible explanation for the increase in the demand for college education?

Q : Prepare a schedule of cash receipts

Prepare a schedule of cash receipts for Cramer for January, February, and March. What is the balance in Accounts Receivable on March 31?

Q : The balance in accounts receivable

All sales are made on account. The company expects to collect 40% of sales on account in the month of the sale, 50% in the month following the sale, and the final 10% two months following the sale. Bad debts are immaterial to the budget. The balan

1950391

Questions
Asked

3,689

Active Tutors

1416297

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: How many hammers to produce to maximize short-run profits

Reference No:- TGS039309

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Compute the sales margin

Q : Preparing an operating budget

Q : Which cause an outward shift in the supply curve

Q : Comment on strategy of your competitors

Q : How many hammers to produce to maximize short-run profits

Q : Stock-for-stock transactions and cash-for-stock transaction

Q : Explanation for increase in demand for college education

Q : Prepare a schedule of cash receipts

Q : The balance in accounts receivable

Problem on journal articles and non-journal materials

Discuss social worker working with foster children

Examine historical literature to the most current period

Discuss three ethical guidelines that are important

What is a behavioral indicator related to family

Discussion about gender stereotyping

How teenagers in an impoverished urban area spend their time

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: How many hammers to produce to maximize short-run profits

Reference No:- TGS039309

Recent Questions Asked Microeconomics

Q : Compute the sales margin

Q : Preparing an operating budget

Q : Which cause an outward shift in the supply curve

Q : Comment on strategy of your competitors

Q : How many hammers to produce to maximize short-run profits

Q : Stock-for-stock transactions and cash-for-stock transaction

Q : Explanation for increase in demand for college education

Q : Prepare a schedule of cash receipts

Q : The balance in accounts receivable

Asked Questions