Microeconomics Answers

Answer the same questions as in the above problem if:

TC = 120 + 50Q – 10Q² + Q³

Suppose that the production function of the firm is:

Q = 100L^1/2.K^1/2

 K= 100, P = $1, w =$50. and r = $40. Determine the quantity of labor that the firm should hire in order to maximize the profits. What is the maximum profit of this firm?

Given the cost function is

TC = 6L + 3K

Find out the optimal quantities of the two factor using Lagrangian method, if it is given that output is equal to 13.46 = L^3/4 . K^1/4.

Suppose the following demand and supply function:

Q^d = 750 – 25P

Q^s = -300 + 20 P

       i.           Find equilibrium price and quantity

     ii.           Find consumer and producer surplus

If the demand function faced by a firm is:

Q = 90 – 2P

TC = 2 + 57Q – 8Q² + Q³

Determine the level of output at which the firm maximizes the profit.

Determine the best level of output for the above question by the MR and MC approach.

Find the optimum level of output and profit from the cost function

TC = 50 + 6Q²

 and price

P = 100 – 4Q

Also derive marginal cost and marginal revenue

Suppose demand function are                                                                                                                        

P₁ = 80 – 2.5Q₁

P₂ = 180 – 10Q₂

The Total Cost function is

TC = 50 + 40Q

find the price of two markets and amount of output to be sold in each market so that profit is maximized. Also find the total profit to be made from the strategy of price discrimination.

price =10 birr and tc=120+4Q2...then find profit maximizing level of price and quantity

how supply , demand and price affect the consumer how wants to buy a car and how the compitition among the seller affect the price. how a consumer buy the car at resonable price

marginal lands meaning