Question: If AVC = 50 - 0.05Q + 0.009Q 2 ; TFC = 90; TR = 1000. Determine profit maximization quantity.

If AVC = 50 - 0.05Q + 0.009Q2; TFC = 90; TR = 1000. Determine profit maximization quantity.

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:

Pick the current or a past president of the United States and evaluate his performance against the leadership characteristics discussed in the text. On the basis of this comparison, do you think that...

Q:

If AVC = 50 0.05Q + 0.009Q 2 ; TFC = 90; TR = 1000. Determine profit maximization quantity.

Q:

Please answer all the questions with blanks, boxes, and graphs with coordinates please. 1. Characteristics of competitive markets The competitive market model depends on the following three core...

Q:

1. Characteristics of competitive markets The competitive market model depends on the following three core assumptions: 1. There must be many buyers and sellers-a few players can't dominate the...

Q:

Explain why some business owners find profitable to operate a business without improving or fixing the facility.Give and example of such business, and explain the rationale behind the business...

Q:

Hello my Dear please help me too with graph it will be better if you draw it as well that going to help to not miss anything . thank you Fill in the price and the total, marginal, and average revenue...

Q:

Hello Dear , Please I beg I need a right answers please again this is my 3rd to submit and answer 0 on my work . Please I need right answers and help on graph . Can you please draw the graph as well...

Q:

1. From the scenario, cite your forecasting conclusions that support TFC?s decision to expand to the West Coast market. Speculate as to whether or not the agency conflict discussed in the scenario...

Q:

1. Characteristia of competitive markets The model of competitive markets relies on these three core assumptions: 1. There must be many buyers and sellersa few players can't dominate the market. 2....

Q:

If e P = '3 and MC = $0.44, the prot-maximizing price is: $0.99 $0.66 $1.98 8. When the product demand curve is P = $5 - $0.05Q, and Q = 6|], the point price elasticity of demand is: a. -2f3 b. -3f2...

Q:

The first two conditions imply that all consumers and firms are price takers. While the third is not necessary for price-taking behavior, assume for this problem that a market cannot maintain...

Q:

The following information is for the inventory of mini-kettles at Bramble Company Limited for the month of May. Assuming that the perpetual inventory method is used, calculate the inventory cost at...

Q:

New2U Corporation is a newly created company and noted the following cash related transaction for the first month ended April 2020: 1. According to the bank statement received for the month of April...

Q:

Evaluate the indefinite integral. ( R e m e m b e r the constant o f integration. ) 2 + 3 x 1 + x 2 d x

Q:

The management of Nabar Manufacturing prepared the following estimated balance sheet for June, 2013: To prepare a master budget for July, August, and September of 2013, management gathers the...

Q:

Kim Opim, an enthusiastic student, is on her flight over from Philadelphia (PHL) to Paris. Kim reflects upon how her educational experiences from her operations courses could help explain the long...

Q:

An important quality characteristic used by the manufacturer of Boston and Vermont asphalt shingles is the amount of moisture the shingles contain when they are packaged. Customers may feel that they...

Q:

What problem did Dropboxs founders solve with the service they developed?

Q:

The Medassist Pharmaceutical Company receives large shipments of aspirin tablets and uses this acceptance sampling plan: Randomly select and test 40 tablets, then accept the whole batch if there is...

Q:

We learned so many theories on CS , now its time to link these theories to practice. Consider yourself as a manager, what would you do in the following situation: ** An extremely dissatisfied...

Q:

4. In what way is a values system crucial to a communication process?

Q:

3. How can rumours about someone contribute to creating the behaviour we expect him / her to have? Use examples from your own everyday life.

Q:

2. How can the expectations we have of a person contribute to the image we have of him / her? Give some examples from your own everyday life.