0% Plagiarism Guaranteed & Custom Written

What is the value of the LAC that the firm will incur? How much profit will the firm earn?

01 / 10 / 2021 Assignment

This paper circulates around the core theme of What is the value of the LAC that the firm will incur? How much profit will the firm earn? together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

In Akron, Ohio, the movie market is monopolistically competitive. The demand function for daily attendance and the long-run average cost function at the Plaza Movie House are, respectively,

P = 9 – 0.4Q

and

AC = 10 – 0.06Q + 0.0001Q2

(a) Calculate the price that the Plaza Movie House will charge for admission to movies in the long run.

(b) What will be the number of patrons per day at that price?

(c) What is the value of the LAC that the firm will incur?

(d) How much profit will the firm earn?



International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

Company # 11483120

Benefits You Get

  • Free Turnitin Report
  • Unlimited Revisions
  • Installment Plan
  • 24/7 Customer Support
  • Plagiarism Free Guarantee
  • 100% Confidentiality
  • 100% Satisfaction Guarantee
  • 100% Money-Back Guarantee
  • On-Time Delivery Guarantee
FLAT 25% OFF ON EVERY ORDER. Use "FLAT25" as your promo code during checkout