# ECON616-1003A-04 Applied Managerial Economics

posted by .

What would happen to the profit maximizing level of output if the market price suddenly rose to \$54 per case?

## Similar Questions

1. ### Economics

5. (Ch. 17 # 5) Sparkle is one firm of many in the market for toothpaste, which is in long-run equilibrium. a. Draw a diagram showing Sparkle’s demand curve, marginal revenue curve, average cost curve, and marginal cost curve. Label …
2. ### managerial economics

The total costs of a firm under perfect competition is given by the equation TC = 5, 000 + 4Q + 2Q2 and the market price is \$100 per unit. What is the profit maximizing level of output?
3. ### Managerial Economics

A monopolist faces the price equation P = 1,000 – 0.5Q, and cost is given as TC = 400 + 100Q +2.5Q^2.Determine the profit at the revenue maximizing level and the profit maximizing level. Compare the answers above and comment on the …
4. ### Economics

It is assumed that the toothpaste market is perfectly competitive and the current price of a case of toothpaste is \$42.00. CPI has estimated its marginal cost function to bas follows: MC=.006Q. The Board would like to know how many …
5. ### managerial economics

A firm uses a single plant with costs C= 160 +16Q +.1Q2 and faces the price equation P= 96 – .4Q. a) Find the firm’s profit-maximizing price and quantity. What is the profit?
6. ### Economics

Consider a profit maximizing competitive firm with the following production function: y=L^α+K^β where 0 <α< 1 and 0 <β< 1. The firm can purchase labor (L) and capital (K) it wants in competitive input …
7. ### microeconomics

You are given the following information about the costs of a perfectly competitive firm. QuantityTFC TVC 0 45 0 1 45 20 2 45 35 3 45 45 4 45 75 5 45 120 6 45 180 You are hired to determine the profit-maximizing quantity of the firm …
8. ### Economic

What would happen to the profit maximizing level of output if the market price suddenly rose to \$54 per case?
9. ### Managerial Economics

Suppose that Neptune Music has the copyright to the latest CD of the heavy Iron Band. The market demand curve for the CD is Q=800-100p, where Q represents quantity demanded in thousands and p represents the price in dollars. Production …
10. ### Microeconomics

A monopoly firm is faced with the following demand function P = 26 – 0.5Q. The Marginal Cost function for the firm is given by 6 + 6Q and the total fixed cost is 4. Determine a) The profit maximizing output. b) The level of supernormal …

More Similar Questions