Assume a competitive firm faces a market price of $70, a cost curve of C= 0.004q^3+ 50q+750.

and the marginal cost curve of:

MC=0.12q2+50

The firm's profit-maximizing output level to the nearest tenth is 40.8 units, and the profit to the nearest penny at this output level is $ -205.67. In this case , firms will exit. This will cause the market supply to shift left. This will continue until the price is equal to the minimum average cost of $ . Round answer to the nearest penny.

The cost of labor is significantly lower in many countries than in the united states. if you move manufacturing to a facility to a country labeled as part of the axis of evil and a threat to world peace you will increase the net income of your client by $10 million per the facility is located in a country which limits personal freedom and engages in state sponsored terrorism. imagine you are a marketing consultant. (a) what would you tell the executives to do? (b) what are the alternatives? what are your recommendations? why do you recommend this course of action?

Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm

Melissa buys an iphone for $240 and gets consumer surplus of $160. a. what is her willingness to pay? b. if she had bought the iphone on sale for $180, what would her consumer surplus have been?