A price-taking firm's variable cost function is VC=2Q³, where Q is its output per week. It has a sunk fixed cost of $3,000 per week. Its marginal cost is MC=6Q² Instructions: Enter your answers as whole numbers. a. What is its profit-maximizing output when the price is P= $216? units b. What is the profit maximizing output if the fixed cost is avoidable? units

A price-taking firm's variable cost function is VC=2Q³, where Q is its output per week. It has a sunk fixed cost of $3,000 per week. Its marginal cost is MC=6Q² Instructions: Enter your answers as whole numbers. a. What is its profit-maximizing output when the price is P= $216? units b. What is the profit maximizing output if the fixed cost is avoidable? units

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Important: You have to present your solutions to the answers of all questions. The text must be readable and you should write the answer typing (on) machine do not write by hand,type answer question is not more than one page .l want a good solution to this question with good explanation and nice writing text.Write no more than 2 pages(Maximum)only legible answer will be considered.Textbook:Sørensen, P.Birch& Whitta-Jacobsen, H.J.(2010), Introducing Advanced Macroeconomics; Growth and Business Cycles, Second Edition, Berkshire: McGraw-Hill Education./BR/A Seminar :Assignment: Howwould business cycle explanations usinga stochastic AS-AD modelor real business cycles account for heterogeneity, complexity, emergence, and heuristics?
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
1
Accordingtothetextbook,whichofthefollowingstatementsis(are)correct? (x) When a taxpayer attempts to legally reduce her tax liability, she is engaging in “tax evasion” and when an individual fraudulently avoids paying taxing, she is engaging in “tax avoidance”. (y) One tax system is considered more efficient than another if it raises the same amount of tax revenue at a lower cost to taxpayers. (z) Part of the administrative burden of a tax is associated with the headache of filling out tax forms imposed on taxpayers who comply with the tax. (x), (y) and (z) (x) and (y) only (x) and (z) only (y) and (z) only (x) only
what are the numbers that go in the cost table A through L Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
The CEO of SLIM Company analyzes many indicators such as sharp and constant reduction in the number of customers, decline in profit, increase in customer complaints, increase in competitors' sales. Analyzing these indicators is part of the -- -- step in decision-making process. ' A- Assess Alternatives' B -Recognize the need for a decision' C 'Generate Alternatives' (D) 'Implement chosen Alternatives' E) 'Choose among Alternatives'
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
(J) Everyone living in Isolation, Alaska works at one of two fish canneries for their entire life. Over a career at Placid Cannery a worker is paid $1 million and the risk of death by canning machine is 1%. At Megadeath Cannery a worker is paid $1.2 million and the risk of death is 5%. What is the value of a statistical life in Isolation? Show your work.
An action is not fraud unless (a) it involves a loss of value that exceeds $100 (b) it is done to obtain property to which the perpetrators is not entitled (c) the perpetrator is apprehended (d) it involves interstate business (e) none of the above
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Illustrate one form of income included as gross income. Limit your answers to a maximum of five (5) sentences.