The marginal cost function of a firm is defined by MC=25+30Q-9Q², if it's fixed cost is 55. Find the total cost of the firm

Q: Why do unions that have few or no minimum wage workers work to raise the minimum wage? O To drive as…

A: Workers are the people who work in the organisation.

Q: ELASTICITY -What type of elasticity occurs and what is the financial result if: • The elasticity is…

A: When the value of elasticity is less than 1, elasticity is said to be inelastic.

Q: la. An asset is purchased for $90,000. It is expected to have a useful life of six years and a…

A: Given: The cost of an asset is = $90,000 Useful life = 6 years Salvage value = $18,000 To Find: The…

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A: We show that monopoly is a type of màrket characterized by a single seller selling different…

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A: the difference in between the matters Menger theory versus the Jevons that is subjective in the…

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A: Revenue is the amount of money that firm receives when it sells goods and services to consumers.

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A: Aggregate supply curve shows relationship between price and quantity of output supplied.

Q: Inputs of labor Total Product Average Product Marginal Product 1 15 34 51 4 65 74 6 80 7 83 8. 82…

A: Total Product refers to the sum total of all the goods that are produced by a firm using the…

Q: 6. Suppose we have a sample average X = 0.75 with standard error o, = 0.33. What is the 95%…

A: Sample mean = 0.75 standard error of sample mean is 0.33  For 95%, Z = 1.96

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A: In monopolistic market, there is a single seller in the market and in perfectly competitive market,…

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A: Unions have the market power to influence the wage rate, they can bargain to change the wage rate.…

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A: Equilibrium in the IS-LM is reached at the intersection of IS and LM curves. IS shows equilibrium in…

Q: CPI Table: Year 2015 2016 2017 2018 CPI 92 100 109 135 A a pair of jeans costs $90 in 2015. What is…

A: CPI (2015) = [cost of basket (2015)/cost of basket at base]*100

Q: Suppose market demand and supply are given by Qd=100-2P and Qs=5+3P. If a price ceiling of $15 is…

A: Given: Qd=100-2P Qs=5+3P

Q: Direction: Solve the elasticity of demand. Then determine the degree of its elasticity. Q2= 10; P2=…

A: 1) Given; Q2=10P2=50Q1=7P1=100Elasticity of demand:-Ed=∆Q∆P×PQ    =Q2-Q1P2-P1×P1Q1…

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A: Hi! Thank you for the question. As per the honor code, We’ll answer the first question since the…

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A: We have given that Return  probability  4000 0.4 -1500 0.6

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A: [a] New salary = $35,000 + 4.5%(increase in salary) = $36575 As inflation reduces the purchasing…

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A: Consumer is a person or an individual who buys goods and services at a common price. It is the price…

Q: A monopolist with constant marginal costs equal to 0.04 faces a market with the inverse demand…

A: Given the MC = 0.04 Inverse demand, p(q) = 100 / (100 + q)

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A: To produce goods and services various factors of production are required and they need to be…

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A: We have Q(L, K)=2L+30K            ... (1) w=$20 and r=$2 Desired output=1000

Q: A bag of fertilizer has a marginal revenue product of $100. The current price in the store is $150.…

A: Here, marginal revenue product of a bag of fertilizer is given as $100, and the current price in the…

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A: A strong economic growth in China implies a rise in the total production capacity of a nation. This…

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A: A consumer purchases a product when the price he pays is equal to or less than the willingness to…

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A:

Q: The production cost benchmarks reported on p. 6 of each issue of the Footwear Industry Report…

A: * ANSWER :-   From the above information the answer is provided below

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A: Industrial organization is an economics topic concerned with corporate strategy, regulatory policy,…

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A: In the short run atleast one input is fixed and in the long run all inputs are variable.

Q: question part c should contain a graph

A: Part c

Q: Suppose that the monopolist can produce with total cost: TC = 20Q. Assume that the monopolist sells…

A: MONOPOLIST is a firm or market that control all of the market for a particular good or services.

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A: Population basically refers to the total number of people living in a nation, city, or territory.A…

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A: Utility maximization was first developed by utilitarian philosophers Jeremy Bentham and John Stewart…

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A: Given: C=400+8/9 DI I=300 G=800 T=1/2 Y X=300 Note: Due to multiple subparts being posted, the first…

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A: Given Data Given random sample data

Q: A housing bubble has burst, causing a negative wealth effect. Use the IS-LM model to answer the…

A:

Q: Determine the present value equivalent of a geometric sequence of annual cash flows starting at P…

A: We have given  Cash flow at end of 3rd year =1000 g=5% i=12% We have to find the present value.

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A: Introduction Here revenue and cost of a firm has given. Kuhn tucker method has some condition which…

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A: Given: A street would cost = $10,000 Years = 5 At the end of each 5 years = $1,000 would be spent…

Q: Capitalized cost of a piece of eqpt was found to be P1.5M. The rate of interest was 12% with salvage…

A: Capitalised cost = Annual Worth/i

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A: Nash equilibrium occurs at the point where the preferences of all the players of a game converge,…

Q: Maximize the following equation: w (x, y) = -3x2 + 30x – 6y² + 48y | Subject to x + y = 5 O x=2.33;…

A: For maximization we set the lagrangian as..