Question: NOTE: PLEASE SEND ME ANSWER IN TYPED FORM STRICTLY PROHIBITED HAND WRITTEN SOLUTION AND SEND ME FINALLY ANSWER SEPRATELY 1. Jim operates a donut shop

NOTE: PLEASE SEND ME ANSWER IN TYPED FORM STRICTLY PROHIBITED HAND WRITTEN SOLUTION AND SEND ME FINALLY ANSWER SEPRATELY

1. Jim operates a donut shop in a market where he takes the price of $2 per donut as given. His total cost of production is given by TC(q) = 50+0.01q' and his marginal cost of production is given by MC(q) = 0.02q. At his profit maximizing output level of q* = Jim earns profit. a. 50 donuts; $5 b. 100 donuts; $50 c. 50 donuts; $15 d. 2,000 donuts; $1,580 e. Jim should shut down

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!

Note:- please send me answer in typed form strictly prohibited hand written solution please send me answer seprately please don't use chatgpt otherwise I will report coursehero

Ansel, Brooke, and Claire take turns shooting arrows at a target. Ansel has probability 0.19 of hitting the bullseye on any shot, Brooke has probability 0.31, and Claire has probability 0.39. Since...

Note:- please send me answer in typed form strictly prohibited hand written solution please send me answer seprately please don't use chatgpt otherwise I report coursehero

A random sample of 300 Status cheque accounts at Capital Bank showed that 48 were overdrawn. When 250 Elite cheque accounts at the same bank were randomly checked, it was found that 55 were...

"A bottle of water can be 50 cents at a supermarket. $2 at the gym, $3 at the movies and $6 on a plane. Same water only thing that changed its value was the place. Please explain it to me like an...

The rates in table one are the amount of each currency that is in an SDR. Calculate the value that an SDR(in terms of US$) had if the exchange rates were as follows (you must show your work for max...

Both Rachel and Monica are from the US. Rachel sells 1 pound of flour to Monica for $2 to produce cookies in her restaurant. Monica makes 100 cookies and sells half of them to Joey in the US and half...

Note:- please send me answer in typed form strictly prohibited hand written solution please send me answer seprately please don't use chatgpt otherwise I report coursehero

If you put $7550 in the ATM each day, what percent of the days in a month should you expect to run out of cash? 16.7% (Round to the nearest tenth as needed.) (c) If you are willing to run out of cash...

What is the formula used to calculate degrees of freedom? What are the degrees of freedom for a sample size of 25? Note: please send me answer in typed form strictly prohibited hand written solution...

Two pink slime producers, XL and IPSP, are located in an otherwise pastoral mountain town. Each producer emits 30 tons of ammonium hydroxide into the atmosphere each year. City planners wish to cut...

Thoroughly describe the four subsystems of the budget execution phase. What are the principle objectives of each? How has each helped achieve greater efficiencies in government?

A manufacturer's production budget shows 3 , 4 8 0 units to produce in April, and 3 , 6 8 0 units to produce in Msy . Each finished unit requires 6 pounds of direct materials and 2 direct labor...

Please provide literature review studies/journal/articles stated on how training programs would enhance worker productivity manufacturing sector.

5. What is meant by the statement, when we attribute a different meaning to a situation, the situation will consequentially change for us?

10. Using a conflict in your local community as your starting point, discuss how conflicts can be resolved using the following strategies: a) Making the cake bigger b) Providing compensation that is...

9. What is meant by the statement, the context is only relevant to us if we understand what it is trying to say?