suppose that Irma's production function is f(x1, x2)=(min{x1, 3x2})1/2.If the price of factor 1 is w1 = $2 and the price of factor 2 is w2 = $6, then her supply function is given by the equation

A) S(p)=p(max{w1, 3w2})2. B) S(p)= 4p. C) S(p)=p(min{w1, 3w2})2. D) S(p)= p/8. E) S(p)= min{2p, 18p}. A) S(p)=p(max{w1, 3w2})2. B) S(p)= 4p. C) S(p)=p(min{w1, 3w2})2. D) S(p)= p/8. E) S(p)= min{2p, 18p}. D

Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s)= 3s2 + 108.If the price he receives for repairing a car is $24, then in the long run, how many cars will he fix per week if he maximize profits?

A) 0 B) 8 C) 4 D) 6 E) 12 A) 0 B) 8 C) 4 D) 6 E) 12 A

Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s)= 3s2+ 108.If the price he receives for repairing a car is $24, then in the long run, how many cars will he fix per week if he maximize profits?

A) 0 B) 4 C) 6 D) 8 E) 12 A) 0 B) 4 C) 6 D) 8 E) 12

Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s)= 2s2 + 18.If the price he receives for repairing a car is $8, then in the long run, how many cars will he fix per week if he maximize profits?

A) 4 B) 0 C) 3 D) 2 E) 6 A) 4 B) 0 C) 3 D) 2 E) 6

suppose that Irma's production function is f(x1, x2)=(min{x1, 3x2})1/2.If the price of factor 1 is w1 = $5 and the price of factor 2 is w2 = $15, then her supply function is given by the equation

A) S(p)= p(max{w1, 3w2})2. B) S(p)=p(min{w1, 3w2})2. C) S(p)=10p. D) S(p)= p/20. E) S(p)= min{5p, 45p}. A) S(p)= p(max{w1, 3w2})2. B) S(p)=p(min{w1, 3w2})2. C) S(p)=10p. D) S(p)= p/20. E) S(p)= min{5p, 45p}.

Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s)=2s2 + 50.If the price he receives for repairing a car is $8, then in the long run, how many cars will he fix per week if he maximize profits?

A) 2 B) 0 C) 4 D) 3 E) 6 A) 2 B) 0 C) 4 D) 3 E) 6

suppose that Irma's production function is f(x1, x2)= (min{x1, 2x2})1/2.If the price of factor 1 is w1 = $3 and the price of factor 2 is w2 = $6, then her supply function is given by the equation

A) S(p)= 6p. B) S(p)= p/12. C) S(p)= p(min{w1, 2w2})2. D) S(p)=p(max{w1, 2w2})2. E) S(p)= min{3p, 12p}. A) S(p)= 6p. B) S(p)= p/12. C) S(p)= p(min{w1, 2w2})2. D) S(p)=p(max{w1, 2w2})2. E) S(p)= min{3p, 12p}.

suppose that Irma's production function is f(x1, x2)= (min{x1, 3x2})1/2.If the price of factor 1 is w1 = $3 and the price of factor 2 is w2 = $9, then her supply function is given by the equation

A) S(p)=p(min{w1, 3w2})2. B) S(p)= 6p. C) S(p)= p/12. D) S(p)= p(max{w1, 3w2})2. E) S(p)= min{3p, 27p}. A) S(p)=p(min{w1, 3w2})2. B) S(p)= 6p. C) S(p)= p/12. D) S(p)= p(max{w1, 3w2})2. E) S(p)= min{3p, 27p}.

Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s)= 3s2 + 75.If the price he receives for repairing a car is $36, then in the long run, how many cars will he fix per week if he maximize profits?

A) 0 B) 12 C) 9 D) 6 E) 18 A) 0 B) 12 C) 9 D) 6 E) 18

suppose that Irma's production function is f(x1, x2)= (min{x1, 3x2})1/2.If the price of factor 1 is w1 = $2 and the price of factor 2 is w2 = $15, then her supply function is given by the equation

A) S(p)= p/14. B) S(p)= p(max{w1, 3w2})2. C) S(p)= p(min{w1, 3w2})2. D) S(p)= 7p. E) S(p)= min{2p, 45p}. A) S(p)= p/14. B) S(p)= p(max{w1, 3w2})2. C) S(p)= p(min{w1, 3w2})2. D) S(p)= 7p. E) S(p)= min{2p, 45p}.

Exam 21: Firm Supply-Part B

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suppose that Irma's production function is f(x₁, x₂)=(min{x₁, 3x₂})^1/2.If the price of factor 1 is w₁ = $2 and the price of factor 2 is w₂ = $6, then her supply function is given by the equation

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Question 1

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A firm has a long-run cost function, C(q)= 4q² + 4.In the long run, this firm will supply a positive amount of output, as long as the price is greater than

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Question 2

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Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s)= 3s² + 108.If the price he receives for repairing a car is $24, then in the long run, how many cars will he fix per week if he maximize profits?

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Question 3

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Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s)= 3s²+ 108.If the price he receives for repairing a car is $24, then in the long run, how many cars will he fix per week if he maximize profits?

(Multiple Choice)

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Question 4

Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s)= 2s² + 18.If the price he receives for repairing a car is $8, then in the long run, how many cars will he fix per week if he maximize profits?

(Multiple Choice)

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Question 5

suppose that Irma's production function is f(x₁, x₂)=(min{x₁, 3x₂})^1/2.If the price of factor 1 is w₁ = $5 and the price of factor 2 is w₂ = $15, then her supply function is given by the equation

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Question 6

A firm has a long-run cost function, C(q)= 8q² + 72.In the long run, this firm will supply a positive amount of output, as long as the price is greater than

(Multiple Choice)

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Question 7

Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s)=2s² + 50.If the price he receives for repairing a car is $8, then in the long run, how many cars will he fix per week if he maximize profits?

(Multiple Choice)

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Question 8

A firm has a long-run cost function, C(q)= 9q² + 9.In the long run, this firm will supply a positive amount of output, as long as the price is greater than

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Question 9

suppose that Irma's production function is f(x₁, x₂)= (min{x₁, 2x₂})^1/2.If the price of factor 1 is w₁ = $3 and the price of factor 2 is w₂ = $6, then her supply function is given by the equation

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Question 10

A firm has a long-run cost function, C(q)= 8q² + 288.In the long run, this firm will supply a positive amount of output, as long as the price is greater than

(Multiple Choice)

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Question 11

suppose that Irma's production function is f(x₁, x₂)= (min{x₁, 3x₂})^1/2.If the price of factor 1 is w₁ = $3 and the price of factor 2 is w₂ = $9, then her supply function is given by the equation

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Question 12

Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s)= 3s² + 75.If the price he receives for repairing a car is $36, then in the long run, how many cars will he fix per week if he maximize profits?

(Multiple Choice)

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Question 13

suppose that Irma's production function is f(x₁, x₂)= (min{x₁, 3x₂})^1/2.If the price of factor 1 is w₁ = $2 and the price of factor 2 is w₂ = $15, then her supply function is given by the equation

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Question 14

A firm has a long-run cost function, C(q)= 3q² + 108.In the long run, this firm will supply a positive amount of output, as long as the price is greater than

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Question 15

Showing 1 - 15 of 15

Exam 21: Firm Supply-Part B

suppose that Irma's production function is f(x1, x2)=(min{x1, 3x2})1/2.If the price of factor 1 is w1 = $2 and the price of factor 2 is w2 = $6, then her supply function is given by the equation

A firm has a long-run cost function, C(q)= 4q2 + 4.In the long run, this firm will supply a positive amount of output, as long as the price is greater than

Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s)= 3s2 + 108.If the price he receives for repairing a car is $24, then in the long run, how many cars will he fix per week if he maximize profits?

Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s)= 3s2+ 108.If the price he receives for repairing a car is $24, then in the long run, how many cars will he fix per week if he maximize profits?

Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s)= 2s2 + 18.If the price he receives for repairing a car is $8, then in the long run, how many cars will he fix per week if he maximize profits?

suppose that Irma's production function is f(x1, x2)=(min{x1, 3x2})1/2.If the price of factor 1 is w1 = $5 and the price of factor 2 is w2 = $15, then her supply function is given by the equation

A firm has a long-run cost function, C(q)= 8q2 + 72.In the long run, this firm will supply a positive amount of output, as long as the price is greater than

Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s)=2s2 + 50.If the price he receives for repairing a car is $8, then in the long run, how many cars will he fix per week if he maximize profits?

A firm has a long-run cost function, C(q)= 9q2 + 9.In the long run, this firm will supply a positive amount of output, as long as the price is greater than

suppose that Irma's production function is f(x1, x2)= (min{x1, 2x2})1/2.If the price of factor 1 is w1 = $3 and the price of factor 2 is w2 = $6, then her supply function is given by the equation

A firm has a long-run cost function, C(q)= 8q2 + 288.In the long run, this firm will supply a positive amount of output, as long as the price is greater than

suppose that Irma's production function is f(x1, x2)= (min{x1, 3x2})1/2.If the price of factor 1 is w1 = $3 and the price of factor 2 is w2 = $9, then her supply function is given by the equation

Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s)= 3s2 + 75.If the price he receives for repairing a car is $36, then in the long run, how many cars will he fix per week if he maximize profits?

suppose that Irma's production function is f(x1, x2)= (min{x1, 3x2})1/2.If the price of factor 1 is w1 = $2 and the price of factor 2 is w2 = $15, then her supply function is given by the equation

A firm has a long-run cost function, C(q)= 3q2 + 108.In the long run, this firm will supply a positive amount of output, as long as the price is greater than

Budget Constraint-Part A

Budget Constraint-Part B

Preferences-Part A

Preferences-Part B

Utility-Part A

Utility-Part B

Choice-Part A

Choice-Part B

Demand-Part A

Demand-Part B

Revealed Preference-Part A

Revealed Preference-Part B

Slutsky Equation-Part A

Slutsky Equation-Part B

Buying and Selling-Part A

Buying and Selling-Part B

Intertemporal Choice-Part A

Intertemporal Choice-Part B

Asset Markets-Part A

Asset Markets-Part B

Uncertainty-Part A

Uncertainty-Part B

Risky Assets-Part A

Risky Assets-Part B

Consumers Surplus-Part A

Consumers Surplus-Part B

Market Demand-Part A

Market Demand-Part B

Equilibrium-Part A

Equilibrium-Part B

Auctions-Part A

Auctions-Part B

Technology-Part A

Technology-Part B

Profit Maximization-Part A

Profit Maximization-Part B

Cost Minimization-Part A

Cost Minimization-Part B

Cost Curves-Part A

Cost Curves-Part B

Firm Supply-Part A

Industry Supply-Part A

Industry Supply-Part B

Monopoly-Part A

Monopoly-Part B

Monopoly Behavior-Part A

Monopoly Behavior-Part B

Factor Markets-Part A

Factor Markets-Part B

Oligopoly-Part A

Oligopoly-Part B

Game Theory-Part A

Game Theory-Part B

Game Applications-Part A

Game Applications-Part B

Behavioral Economics

Exchange-Part A

Exchange-Part B

Production-Part A

Production-Part B

Welfare-Part A

Welfare-Part B

Externalities-Part A

Externalities-Part B

suppose that Irma's production function is f(x₁, x₂)=(min{x₁, 3x₂})^1/2.If the price of factor 1 is w₁ = $2 and the price of factor 2 is w₂ = $6, then her supply function is given by the equation

A firm has a long-run cost function, C(q)= 4q² + 4.In the long run, this firm will supply a positive amount of output, as long as the price is greater than

Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s)= 3s² + 108.If the price he receives for repairing a car is $24, then in the long run, how many cars will he fix per week if he maximize profits?

Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s)= 3s²+ 108.If the price he receives for repairing a car is $24, then in the long run, how many cars will he fix per week if he maximize profits?

Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s)= 2s² + 18.If the price he receives for repairing a car is $8, then in the long run, how many cars will he fix per week if he maximize profits?

suppose that Irma's production function is f(x₁, x₂)=(min{x₁, 3x₂})^1/2.If the price of factor 1 is w₁ = $5 and the price of factor 2 is w₂ = $15, then her supply function is given by the equation

A firm has a long-run cost function, C(q)= 8q² + 72.In the long run, this firm will supply a positive amount of output, as long as the price is greater than

Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s)=2s² + 50.If the price he receives for repairing a car is $8, then in the long run, how many cars will he fix per week if he maximize profits?

A firm has a long-run cost function, C(q)= 9q² + 9.In the long run, this firm will supply a positive amount of output, as long as the price is greater than

suppose that Irma's production function is f(x₁, x₂)= (min{x₁, 2x₂})^1/2.If the price of factor 1 is w₁ = $3 and the price of factor 2 is w₂ = $6, then her supply function is given by the equation

A firm has a long-run cost function, C(q)= 8q² + 288.In the long run, this firm will supply a positive amount of output, as long as the price is greater than

suppose that Irma's production function is f(x₁, x₂)= (min{x₁, 3x₂})^1/2.If the price of factor 1 is w₁ = $3 and the price of factor 2 is w₂ = $9, then her supply function is given by the equation

Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s)= 3s² + 75.If the price he receives for repairing a car is $36, then in the long run, how many cars will he fix per week if he maximize profits?

suppose that Irma's production function is f(x₁, x₂)= (min{x₁, 3x₂})^1/2.If the price of factor 1 is w₁ = $2 and the price of factor 2 is w₂ = $15, then her supply function is given by the equation

A firm has a long-run cost function, C(q)= 3q² + 108.In the long run, this firm will supply a positive amount of output, as long as the price is greater than