Question

A firm’s total cost function is given by: TC = 10000 + 8200Q – 16Q2 +...

A firm’s total cost function is given by: TC = 10000 + 8200Q – 16Q2 + 0.008Q3 What is the minimum price the firm can accept so it does not have to shut down in the short-run?

Select one: a. 50 b. 100 c. 200 d. None of the above

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A firm’s total cost function is given by: TC = 5000 + 4100Q – 8Q2 +...
A firm’s total cost function is given by: TC = 5000 + 4100Q – 8Q2 + 0.004Q3   What is the minimum price the firm can accept so it does not have to shut down in the short-run?
Consider a firm with a short run Total Cost (TC) given by TC=200 + 30Q -...
Consider a firm with a short run Total Cost (TC) given by TC=200 + 30Q - 5Q^2 + Q^3. What is the firm’s fixed cost? What is the firm’s marginal cost? What is firm's shut down price?
A perfectly competitive firm’s total cost function is given by: TC = 400+4Q^2 . The minimum...
A perfectly competitive firm’s total cost function is given by: TC = 400+4Q^2 . The minimum point of average total cost (ATC) is reached at Q=10. You also know that the market demand function for this product is: QD=100-P. How many firms are in the market in the long-run? (Hint: first you need to find the price in the long-run) Select one: a. N=6 b. N=4 c. N=2 d. None of the above
A perfectly competitive firm’s total cost function is given by: TC = 200+2Q2 . You also...
A perfectly competitive firm’s total cost function is given by: TC = 200+2Q2 . You also know that the market demand function for this product is: QD=100-P. How many firms are in the market in the long-run? Select one: a. N=10 b. N=8 c. N=6 d. None of the above
A perfectly competitive firm’s total cost function is given by: TC = 200+2Q2 . How much...
A perfectly competitive firm’s total cost function is given by: TC = 200+2Q2 . How much output does the firm produce in the long-run? What is the price of the product in the long-run?
Suppose a firm has the following total cost function: TC = 100 + 4q2. a. What...
Suppose a firm has the following total cost function: TC = 100 + 4q2. a. What is the minimum price necessary for the firm to earn profit? You must explain your reasoning and process as to how your found the price you found. b. Below what price will the firm shut down in the short run?
A perfectly competitive firm’s total cost is TC = 25 + 0.5Q2. The firm can sell...
A perfectly competitive firm’s total cost is TC = 25 + 0.5Q2. The firm can sell as much as it wants at a market determined price of $50. What will happen if there are no barriers to entry? Firms will enter the industry. Firms will exit the industry. Firms will neither enter nor exit the industry. The firm will shut down. None of the above.
A perfectly competitive firm’s total cost function is given by: TC = 400+4Q2 . How much...
A perfectly competitive firm’s total cost function is given by: TC = 400+4Q2 . How much output does the firm produce in the long-run? What is the price of the product in the long-run?
A perfectly competitive firm’s total cost is TC = 25 + 0.5Q2. The firm can sell...
A perfectly competitive firm’s total cost is TC = 25 + 0.5Q2. The firm can sell as much as it wants at a market determined price of $50. What will happen if there are no barriers to entry? a. Firms will enter the industry. b. Firms will exit the industry. c. Firms will neither enter nor exit the industry. d. The firm will shut down. e. None of the above.
A perfectly competitive firm’s total cost is TC = 25 + 0.5Q2. The firm can sell...
A perfectly competitive firm’s total cost is TC = 25 + 0.5Q2. The firm can sell as much as it wants at a market determined price of $50. What will happen if there are no barriers to entry? a. Firms will enter the industry. b. Firms will exit the industry. c. Firms will neither enter nor exit the industry. d. The firm will shut down. e. None of the above. Which of the following is true for a monopoly? a....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT