Question: this is all the information that was given. Please help! Sunnyvale Orchards is one of many small, perfectly competitive firms growing plums for the U.S.

this is all the information that was given. Please help! Sunnyvale

this is all the information that was given. Please help!

Sunnyvale Orchards is one of many small, perfectly competitive firms growing plums for the U.S. market. The forecasted price of plums in 2016 is $22 a crate. The management of Sunnyvale Orchards estimates its short run cost function to be: TC = 2000 + 22q - 0.045q^2 + 0.00005q^3, where q is output per week Find the profit maximizing output. How much profits will Sunnyvale make? Output = . Profits = $ . Market conditions deteriorate. Sunnyvale should shut down if the price of blueberries falls below $ . Then they make losses of $

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 Finance Questions!

3. Sunnyvale Orchards is one of many small, perfectly competitive firms growing plums for the U.S. market. The forecasted price of plums in 2018 is $24 a crate. The management of Sunnyvale Orchards...

Sunnyvale Orchards is one of many small, perfectly competitive firms growing apples for the U . S . market. The forecasted price of apples in 2 0 2 5 is $ 2 3 . 6 0 per crate. The management of...

This is International Business and Trade subject. Please help me answer the following (briefly and concisely): 1. Differentiate Vertical and Horizontal Foreign Direct Exchange Decisions. 2. What do...

To answer these questions, you will need to read Chapter 9, Market Equilibrium & Product Price - Imperfect Competition and please good Good format. #. Explain the 3 types of "Imperfect" market...

All answers must be supported by arguments and reasoning. Simply providing your opinion without providing substantive supporting arguments is unacceptable and will adversely impact your grade. In...

Exercise one. Kindly answer with clear explanations. 1. Compared with a perfectively competitive market a monopoly is inefficient because a. it raises the market price above marginal cost and...

HI PLEASE ANSWER ALL 1. Assume the market for apples is initially in equilibrium. Which of the following will result in a higher equilibrium price of apples? a. An increase in both the demand for and...

I do not understand anything I am reading. Which of the three valuation techniques (IV b,c,d) is most convincing to you and why? What are AHOLD?s strengths and weaknesses Evaluate the growth...

I need an ultimate study guide for micro economics with all the terms, formulas example problems etc, i have an open book final and am stressing. similar to this I Chrome File Edit View History...

Maggie has preferences that are 'well behaved'. A utility function that represents her preferences is u(x, x) = + x3. Her income is m, the price of is P1 and the price of X2 is P2. (a) (10 marks)...

The magnetic poles of a small cyclotron produce a magnetic field with magnitude 0.85 T. The poles have a radius of 0.40 m, which is the maximum radius of the orbits of the accelerated particles. (a)...

You bought a 1 0 year aero - coupon treasury bond at a premium 5 years ago. Looking as all the recent economic and political indicators, you expect the Fed mity have an interest rate hibe in the near...

last two options for the multiple choice are : performance management development A construction equipment manufacturer, Roswell Corporation, is focusing on becoming a leader in sustainability in...

Technology. Use the spell-check feature of your word processing program to check for errors in the following paragraph. Compare the results with errors you find as you proofread the text. (Objective...

In conjunction with the launch of a new program of study, your school will host an open house on the second Tuesday of next month. You have been asked to announce the event to the students in your...

Teamwork. Technology. Form a four-person group consisting of two subgroups. Each subgroup will find an appropriate substitute for the words in the following list. One subgroup will use a traditional...