# Profit-Maximizing Assignment | Homework For You

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.

1. Suppose a firm’s profit is given by

the equation p = -200 + 80Q – .2Q2. Which of the following is true?

a) The firm’s marginal profit is given by the equation: Mp = 80 – .2Q.

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.

b) The firm’s profit-maximizing output is Q = 400.

c) The firm’s profit-maximizing output is Q = 200.

d) The firm’s marginal profit is given by the equation: Mp = 80 – 2Q.

e) The firm’s profit-maximizing output is Q = 800.

2. A firm’s total cost function is given by: C = 1,000 + 15Q. At an output of 200 units,

a) Total cost is \$4,000 and marginal cost is \$3,000.

b) Total cost is \$3,000 and fixed cost is \$1,000.

c) Total cost is \$4,000 and marginal cost is 15.

d) Average total cost is constant.

e) Answers c and d are both correct.

3. A small liberal arts college is trying to predict enrollment for the next academic year. The vice president for business states that enrollment has tended to follow a pattern described by E = 18,000 – .5P, where E denotes total enrollment and P is yearly tuition.

a)   If the school sets tuition at \$20,000, how many students can it expect to enroll?

b)   If the school seeks to enroll 6,000 students, what tuition should it charge?

c)    If the school wants to maximize total tuition revenue, what tuition should it charge?

d)   As the vice president for business, what tuition would you recommend? Why?

4. University of Notre Dame is a premier institution that draws students from all over the world to its campus. Although it is privately funded, it aspires to world-class quality and reputation, which are enhanced when out-of-state residents enroll. Data suggest that in-state enrollment can be described by the equation:

QI = 25,000 – PI,

where QI = in-state enrollment and PI = in-state tuition. Out-of-state enrollment is given

by:                                        Q= 13,500 – .5PN.

a.              If tuition for in-state students is \$14,000 and for out-of-state students is \$19,000, what is total enrollment and demand elasticity for each type of student?

b.              Suppose that the marginal cost to the university of an additional student is \$7,000. Is Major University maximizing profit at its current tuition charges? Explain.

c.              Because of major funding cuts, the university is expecting to reduce its total enrollment to 11,000 students next year. The university is free to set any tuition charges it wishes. If the goal is to maximize total tuition revenue, what should in-state tuition, out-of-state tuition, and respective enrollments be? Get Business Law homework help today

Calculate the price
Pages (550 words)
\$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Homework Writing Services
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
project management
thank you
Customer 462327, November 16th, 2022
Psychology
Good work.
Customer 462579, June 4th, 2022
SEO
Great work.Recommendable
Customer 463647, May 14th, 2023
WORK WELL DONE!
Customer 463463, November 1st, 2022
Good job
Customer 463245, February 6th, 2023
Psychology
This week's paper was written really well; however, I could immediately ascertain that a different writer had written this paper because there was some minor formatting errors that needed to be corrected. Also, I had to re-write a couple of sentences, but it was not anything major to request a revision for. Overall, the paper was good, but I would like to see consistency in the papers regardless of different writers.
Customer 452455, April 29th, 2023
Political science
Great job God bless you
Customer 453983, February 4th, 2020
MGMT 221 Introduction to Management Information System
Thank you!
Customer 457731, February 2nd, 2022
Education
Loved the fact that the writer took note of the corrections given and did a superb job. Good work
Customer 463679, March 3rd, 2023
ASCI 491 Operational Applications in Aeronautics
Excellent. Ensure your color selections enhance group presentations.
Customer 457731, March 29th, 2022
Customer 462795, April 3rd, 2022
im happy
Customer 453915, January 28th, 2020
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend