Business, 25.12.2019 03:31 lilbit404

Suppose a perfectly competitive firm's total cost of production (tc) is tc(q)equals=q cubedq3minus−66q squaredq2plus+4040qplus+1010, and the firm's marginal cost of production (mc) is mc(q)equals=3q squaredq2minus−1212qplus+4040. the firm's short-run supply curve is given by

a. pequals=3q squaredq2minus−1212qplus+4040 for prices above $3131.

b. pequals=q squaredq2minus−66qplus+4040 for prices above $3131.

c. pequals=3q squaredq2minus−1212qplus+4040 for prices above $33.

d. pequals=q squaredq2minus−66qplus+4040 for prices above $6262.

e. pequals=q squaredq2minus−66qplus+4040plus+sta rtfraction 10 over q endfraction 10 q.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 23:00

Which of the following statements about the relationship between economic costs and accounting costs is true? multiple choice accounting costs are equal to or greater than economic costs. accounting costs must always equal economic costs. accounting costs are always greater than economic costs. accounting costs are always less than or equal to economic costs.

Answers: 2

Answer

Business, 22.06.2019 16:00

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?

Answers: 1

Answer

Business, 22.06.2019 18:20

Principals are an administration career

Answers: 2

Answer

Business, 23.06.2019 00:00

1. consider a two-firm industry. firm 1 (the incumbent) chooses a level of output qı. firm 2 (the potential entrant) observes qı and then chooses its level of output q2. the demand for the product is p 100 q, where q is the total output sold by the two firms which equals qi +q2. assume that the marginal cost of each firm is zero. a) find the subgame perfect equilibrium levels of qi and q2 keeping in mind that firm 1 chooses qi first and firm 2 observes qi and chooses its q2. find the profits of the two firms-n1 and t2- in the subgame perfect equilibrium. how do these numbers differ from the cournot equilibrium? b) for what level of qi would firm 2 be deterred from entering? would a rational firm 1 have an incentive to choose this level of qi? which entry condition does this market have: blockaded, deterred, or accommodated? now suppose that firm 2 has to incur a fixed cost of entry, f> 0. c) for what values of f will entry be blockaded? d) find out the entry deterring level of q, denoted by q1', a expression for firm l's profit, when entry is deterred, as a function of f. for what values of f would firm 1 use an entry deterring strategy?

Answers: 3

Answer

You know the right answer?

Suppose a perfectly competitive firm's total cost of production (tc) is tc(q)equals=q cubedq3minus−6...

Questions