Question: how should this firm change ( increase , decrease,or keep the same ) its profit maximizing quantity compared to your finding in part c if

how should this firm change(increase,decrease,or keep the same) its profit maximizing quantity compared to your finding in part c if the firms fixed cost changes from 3,200 to 3,800 so TC=3,800+50Q+2Q^2

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

1 . Use the graph below to answer the questions: a . State the equation for the demand curve ( inverse demand function ) shown in the graph above using the format Px = a bQx: 1 point b . State the...

Q:

Name: include all your work to earn points. 2 . Suppose that you have been hired as a consultant to a firm that has estimated its demand curve to be P = 6 0 0 - 3 Q , where P denotes price in dollars...

Q:

be P = 6 0 0 - 3 Q , where P denotes price in dollars and Q denotes total unit sales. The firm's cost equation is T C = 3 , 2 0 0 + 5 0 Q + 2 Q 2 . a . Derive the equations for marginal revenue and...

Q:

c . Provide a recommendation to this firm if they should increase, decrease, or keep the quantity at Q = 7 5 to maximize its profit ( you must motivate your answer ) ? 1 point d . How should this...

Q:

Suppose that you have been hired as a consultant to a firm that has estimated its demand curve to be P = 6 0 0 - 3 Q , where P denotes price in dollars and Q denotes total unit sales. The firm's cost...

Q:

Suppose that you have been hired as a consultant to a firm that has estimated its demand curve to be P = 6 0 0 - 3 Q , where P denotes price in dollars and Q denotes total unit sales. The firm's cost...

Q:

d . How should this firm change ( increase , decrease, or keep the same ) its profit maximizing quantity compared to your finding in part c if the firm's fixed cost changes from 3 , 2 0 0 to 3 , 8 0...

Q:

Homework Assignment 1 ECON 3 1 2 5 SP 2 4 You must include all your work to earn points. Suppose that you have been hired as a consultant to a firm that has estimated its demand curve to be P = 6 0 0...

Q:

d . How should this firm change ( increase , decrease, or keep the same ) its profit maximizing quantity compared to your finding in part c if the firm s fixed cost changes from 3 , 2 0 0 to 3 , 8 0...

Q:

How should this firm change ( increase , decrease, or keep the same ) its profit maximizing quantity compared to your finding in part c if the firm s fixed cost changes from 3 , 2 0 0 to 3 , 8 0 0 so...

Q:

Using the data in Example 8.2.1: (a) Compute r, the coefficient of correlation. (b) Would you say that the variables X and Y are independent? Use = 0.05. (c) State any assumptions you have made in...

Q:

The trial balance of Carver, Inc., at September 30, 2010, does not balance: The accounting records hold the following errors: a. Recorded a $400 cash revenue transaction by debiting Accounts...

Q:

A U . S . - based company has transferred its information technology processes to suppliers in Canada. What is this an example of ?

Q:

Coffee and cream are complements. If the price of coffee increases, this will cause: a decrease in demand -- a leftward shift of the demand curve -- for coffee an increase in demand -- a rightward...