Q Q = Q = = 8+ 3PA 100-PA-2Pc 4+2PB QB == - 120 2PB + Pc +PC QE = ?? Q = 80 The supply curve for good C is currently missing. Suppose there are currently 8 firms producing good C with each firm having the following short run cost function: C(ac) = 40+2(gc)²
Q: Find B 1-03 A = B1-(1+0.12) Given -5 (1+0.-12) 2] + [-CI +1 0.12 A = by 8 [1-0 1-CI+ 1-(1+0.12) 0.12…
A:
Q: A car rental company has collected data on demand for luxury cars over the past 25 days. Because…
A: Available cars=9
Q: Fill in the following table with the quantity sold, the price buyers pay, and the price sellers…
A: Quantity Price buyers pay Price sellers receive Before Tax 250 $ 25 $25 After…
Q: Ben's swim coach estimates that his time, t, in the 100-yard butterfly at a big upcoming meet as a…
A: Given: t= 50 + 8e-0.00005yt : timey : yards per week
Q: Consider an economy in which the consumption, investment and production functions are as follows.…
A: Given the production function: F(K,L)=AK1/2L1/2 In equilibrium, wages (labor income) is equal to the…
Q: 3. Consider the following production function: q = 2L +3/K Assume K = 16, derive the marginal…
A: production-function gives us the maximum output that can be achieved with various…
Q: The following annual costs are associated with three new machines for use in a Styrofoam cup plant.…
A: at an interest rate (i) of 10% To find the present worth, PVAF is calculated for each year. PVAF =…
Q: AVC=10-0.03Q + 0.00005Q2 TFC=60 What is the TC function? What is the minimum AVC?
A: Total cost is the sum of total fixed cost and the total variable cost. Average variable cost is the…
Q: What is the quantity supplied and demanded at P = 220? Excess supply or excess demand, which one…
A: Excess supply refers to a situation where the quantity supplied of a particular commodity is greater…
Q: Consider the price-supply function p= S(x) = 5+ 0.1x. (a) Find the equilibrium quantity a if the…
A: Given Information Price supply funcation P = S(x) = 5 +0.1x Let Equilibrium Quantity x¯ and Price…
Q: What are the function for MC and AC if TC = 100q + 100q2
A: Total Cost: TC = 100q + 100q2
Q: Instead, suppose the government taxes smartphones. The following graph shows the annual supply and…
A: Deadweight loss is caused due to the inefficiency in the market. It occurs when the equilibrium for…
Q: 0
A: a) To determine the probability that at most 2 out of the 15 randomly selected students took French,…
Q: Suppose that the U.S. government decides to charge cola consumers a tax. Before the tax, 40,000…
A: An excise tax is a tax on each unit of a commodity. If this tax is collected from sellers the demand…
Q: Complete the following table by deriving the marginal tax rates in the income ranges of $20,000 to…
A: Marginal tax rate and average tax rate formula can be written as follows:
Q: Suppose that EUR/USD is 1.6. Assume that CPI in Europe is expected to increase by 30% and CPI in the…
A: The rate at which one currency is exchanged with other is called the exchange rate. One of the…
Q: Now calculate the government's tax revenue if it sets a tax of $0, $20, $40, $50, $60, $80, or $100…
A: tax Q TR 0 60 0 20 48 960 40 36 1440 60 24 1440 80 12…
Q: 24 22 Supply 20 Demand 18 16 Supply 14 12 10 Demand 6 QUANTITY (Millions of units of clothes per…
A: As this figure shows, the initial equilibrium price is $12 and the quantity is 30 million. When, the…
Q: find AC using TC = 4Q+Q2
A: Given: TC = 4Q+Q2
Q: Technology B uses 4 workers and 2 tonnes of coal to produce 100 meters of cloth. The worker's wages…
A: As the cost of production is $50, and the technology uses labor and coal. Labor is priced at $10 and…
Q: Qs = 89830 -40PS +20PX +15PY +2I +.001A +10W Are X’s sailboats a substitute for or complementary…
A: In a market, two or more goods can be related to each other either directly or indirectly such that…
Q: AVC=10-0.03Q + 0.00005Q2 TFC=60 What is the MC Function?
A: The marginal cost refers to the change in total cost when the firm produces one more unit of output.…
Q: Examine the balance sheet for a bank below: Assets Liabilities Reserves 600 000 Demand Deposits 5…
A:
Q: The value of the rice grows according to the function,V=ke2√t, how long should the dealer store the…
A: Given that, V= ke2√t. Rice can be stored in a way it maximized the present value of rice, if the…
Q: What does it mean for U”<0?
A: Answer: Given, U''<0 To explain; the meaning of the negative second-order derivative of a…
Q: Find the value of K when MPS is = 0.79
A: Actually in the question K stands for Multiplier MPS = 0.79 Multiplier value to be calculated =?
Q: Yvette's Performance Pizza is a small restaurant in Miami that sells gluten-free pizzas. Yvette's…
A: Factors of production are the resources used in the production of goods and services. Factors of…
Q: Assume the following data describe the gasoline market: $3.50 $3.25 $3.00 $2.75 | S2.50 | $2.25…
A: Note:- Since we can only answer up to three subparts, we'll answer the first three. Please repost…
Q: how did you find p= 4.1 in step 2
A: Breakeven is where the total revenue equals total cost. That is where the total profit is zero.…
Q: What is the Asch phenomenon and how domarketers utilize it?
A: Asch phenomenon refers to the phenomenon in which some people change their decision due to the…
Q: Suppose you have a report due in four weeks. You can choose to write this report in either week one,…
A: Understanding the variables used in this problem:β is a discount factor that represents how much you…
Q: Discuss the difference between accuracy and precision.
A: The area of distribution, production, and trade along with consumption of various services and goods…
Q: in what is the capitalized worth when 1 = 10% per year of 3500$ per year starting one year and…
A: * SOLUTION :-
Q: How is MC calculated? 300 for the first MC is incorrect.
A: Marginal cost is the cost of producing an additional unit of output. We have the formula of MC :-…
Q: E Gmax problem where t=rpe, py,lIl> 70 x7,0 y7,0 Use lograngian ethod
A: Utility Function : u(x, y) = x2 y Budget Constraint => Pxx +PYy = I Now , Lagrange Method of…
Q: Why the answer is 4 hours?
A: From the data, we see that per hour wage rate is $18 and we need to understand the most ideal…
Can you show how Qsc is = 2Pc? Which is the answer for this.
![Q
Q
=
Q
=
= 8+ 3PA
100-PA-2Pc
4+2PB
QB
==
-
120 2PB + Pc
+PC
QE
= ??
Q
= 80
The supply curve for good C is currently missing. Suppose there are currently 8 firms
producing good C with each firm having the following short run cost function:
C(ac) = 40+2(gc)²](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd1922051-47de-4849-8b46-7d49710abc2d%2Fc52d9ba9-1de3-45e0-876c-c54e14cd964f%2F094yscp_processed.png&w=3840&q=75)
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- Could I have help. I’m not understanding how to find the mc’sA firm has a linear demand function for its product. When the price of the product isSh.220, the quantity demanded is 40 units. When the price increases to Sh.240, thequantity demanded becomes 30 units. In addition, the firm’s marginal cost function isgiven by:MC = 40q – 2q2 + 2Fixed cost = Sh.5 millionWhere q = quantity demanded, MC = marginal cost (Sh. million)Evaluate the level of output that maximizes profits.Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets,Bangladesh and Sri Lanka. Demand for Bicycles in thesetwo markets is given by the following Functions: Bangladesh Q1 = 12 – P1 Sri Lanka Q2 = 8 – P2 Where Q1 and Q2 are respective quantities sold (in thousands) andP1 and P2 are the respective prices (in Pak. Rupees per unit) in the two markets. Total cost function is C = 5 + 2 (Q1+ Q2) (i) Company is effectively able to price discriminate in the two markets. What will be the total profits? (ii) Suppose the company does not engage in price discrimination. By charging the same price in the two markets what are the profit maximizing levels of price, output, and the total profits? (iii) Analyze, with graphs, the two alternative pricing strategies available to the company.
- Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets,Bangladesh and Sri Lanka. Demand for Bicycles in thesetwo markets is given by the following Functions: Bangladesh Q1 = 12 – P1 Sri Lanka Q2 = 8 – P2 Where Q1 and Q2 are respective quantities sold (in thousands) andP1 and P2 are the respective prices (in Pak. Rupees per unit) in the two markets. Total cost function is C = 5 + 2 (Q1+ Q2) Determine the company’s total profit function. Also, (i) What are the profit maximizing levels of price and output for the two markets? (ii) Calculate the marginal revenues in each market. Now consider two cases: (i) Company is effectively able to price discriminate in thetwo markets. What will be the total profits? (ii) Suppose the company does not engage in price discrimination. By charging thesameprice in the two markets what are the profit…Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets,Bangladesh and Sri Lanka. Demand for Bicycles in thesetwo markets is given by the following Functions: Bangladesh Q1 = 12 – P1 Sri Lanka Q2 = 8 – P2 Where Q1 and Q2 are respective quantities sold (in thousands) andP1 and P2 are the respective prices (in Pak. Rupees per unit) in the two markets. Total cost function is C = 5 + 2 (Q1+ Q2) A.Determine the company’s total profit function. Also, (i) What are the profit maximizing levels of price and output for the two markets? (ii) Calculate the marginal revenues in each market. B.Now consider two cases: (i) Company is effectively able to price discriminate in thetwo markets. What will be the total profits? (ii) Suppose the company does not engage in price discrimination. By charging thesameprice in the two markets what are the profit maximizing levels of price,output, and the total profits?…The inverse demand for tea is given by P= 10 – 0.04Q, where Pis the price per a gram of tea and Qis the total number of grams of tea brought to market. There are two tea shops in the market. Shop 1's cost function is given by C = 0.01q,?, where qı is the number of grams of tea it brings to market. Shop 2's cost function is given by C2 = 0.01q2², where qp is the number of grams of tea it brings to market. Given that the two shops compete by setting output (Cournot), answer the following. a) Identify shop 1's reaction function to shop 2's output to within 2 decimal places (e.g. 0.33). 91= Number - Number 92 b) Identify shop 2's reaction function to shop 1's output to within 2 decimal places (e.g. 0.71). q2= Number Number 91 c) To within two decimal places (e.g. 0.63) what is the equilibrium output level of each shop and the equilibrium per gram price for tea. Shop 1 will produce Number grams of tea and shop 2 will produce Number grams of tea. The equilibrium market price is £ Number
- The market for smart thermostats has grown increasingly competitive. Producers of smart thermostats all rely on the same technology and face the same costs. The cost function for a smart thermostat producer is given by the following function: c(y)=-10y+2003 where y stands for the number of smart thermostats produced and sold in a month. 2nd attempt Suppose the market demand for smart thermostats in any month is given by QD = 305 - p. In the long-run equilibrium, we would expect to find firms in the industry. See Hintc) The marginal cost of two firms are given by the followingThe inverse demand for tea is given by P = 8 – 0.03Q, where Pis the price per a gram of tea and Q is the total number of grams of tea brought to market. There are two tea shops in the market. Shop 1's cost function is given by C = 0.02q,?, where q, is the number of grams of tea it brings to market. Shop 2's cost function is given by C2 = 0.02q22, where q2 is the number of grams of tea it brings to %3D %3D market. Given that the two shops compete by setting output (Cournot), answer the following. a) Identify shop 1's reaction function to shop 2's output to within 2 decimal places (e.g. 0.33). 91= Number Number 92 b) Identify shop 2's reaction function to shop 1's output to within 2 decimal places (e.g. 0.71). q2= Number Number 91 c) To within two decimal places (e.g. 0.63) what is the equilibrium output level of each shop and the equilibrium per gram price for tea. Shop 1 will produce Number grams of tea and shop 2 will produce Number grams of tea. The equilibrium market price is £…
- A particular computing company finds that its weekly profit, in dollars, from the production and sale of x laptop computers is P(x) = -0.006x³ -0.3x² +600x-800. Currently the company builds and sells 7 laptops weekly a) What is the current weekly profit? b) How much profit would be lost if production and sales dropped to 6 laptops weekly? c) What is the marginal profit when x = 7? d) Use the answer from part (a) and (c) to estimate the profit resulting from the production and sale of 8 laptops weekly a) The current weekly profit is $ (Round to the nearest cent as needed) b) The decrease in profit is $ (Round to the nearest cent as needed.) c) The marginal profit when x=7 is $ (Round to the nearest cent as needed) CLOT d) The profit resulting from the production and sale of 8 laptops weekly is approximately $ (Round to the nearest cent as needed)do this question step by stepA major software developer has estimated the demand for its new personal finance software package to be Q=1,000,000P-2 while the total cost of the package is C = 10,000+ 25Q. If this firm wishes to maximize profit, what percentage markup should it place on this product where percentage markup is defined as 100*(sale price - marginal cost)/marginal cost? 4. a. b. C. d. e. ANS: 90% 100% 20% 40% 250%
![Economics:](https://www.bartleby.com/isbn_cover_images/9781285859460/9781285859460_smallCoverImage.gif)
![Economics:](https://www.bartleby.com/isbn_cover_images/9781285859460/9781285859460_smallCoverImage.gif)