Economics Help! Juicy Reward!

[TokyopunK]

Hey guys it's your favorite Tennis Warehouse poster TokyopunK!!!

I am in quite a tough fix here as I have to turn in my answer for a final Economy homework question tomorrow but after reviewing the material a bajillion times I still am not confident with my answer.

Here is the problem.





a) What is the lowest price at which firm A will produce?
b) How many units of output will it produce at that price?
c) What is the lowest price at which firm B will produce?
d) How many units of output will it produce at that price?
e) How many units will firm A produce if the market price is $20?
f) How many units will firm B produce if the market price is $20?
g) If each firm's total fixed costs are $20 and the price of output is $20, which firm would earn a higher net profit or incur a smaller loss?
h) How much would that net profit or loss be?

My answers were:
a) 82
b) 5
c) 36
d) 3
e) 6
f) 6
g) ?
h) ?

If anyone is particularly strong in the field of Economics and could help me I would greatly appreciate it.

I will also send $10 via Paypal for verification or alterations to my answers. Thanks!

P.S. Please don't flame me because I am very sensitive and will cry.

[Phil]

Why bother taking the course, or even going to college, if you aren't able or willing to do the work? I think you've been here before, trying to cheat over the Internet. With the offer of a whopping $10 to those who enable you to cheat, you should do quite well in economics.

TW should really delete the posts of all lazy *** cheaters who use this site to cheat in their courses. This is not what this site is about. Which school do you currently attend, btw?

[The_Dark_Knight]

G. : Kill yourself
H. ??
I: Profit!

[TokyopunK]

Originally Posted by Phil

Why bother taking the course, or even going to college, if you aren't able or willing to do the work? I think you've been here before, trying to cheat over the Internet. With the offer of a whopping $10 to those who enable you to cheat, you should do quite well in economics.

TW should really delete the posts of all lazy *** cheaters who use this site to cheat in their courses. This is not what this site is about. Which school do you currently attend, btw?

I love you Phil.

[Lakoste]

Aren't you the same kid that was saying he was #1 in his class? Those questions are pretty simple, even for a high schooler. Why don't you show all the steps you took to get those answers, and I'll tell you if you're doing it right/wrong, but I won't just give you the answers.

What college are you going to? Please don't tell me UofI accepted someone that couldn't solve those problems...

[Phil]

Originally Posted by TokyopunK

I love you Phil.

So where do you go to school? Harvard? MIT?

[Breaker]

This is just more proof to my hypothesis that Fallout Boy rots the brain, if I have any trouble I'll be sure to contact TTW for help.

[forzainter]

i thought this punk was a rapper

[TheShaun]

i haven't taken econ for a long time but....

double check C & D
not sure how you got E & F
G & H seems as though the question may be incomplete but TC=TFC+TVC

[TokyopunK]

Originally Posted by Phil

So where do you go to school? Harvard? MIT?

Assist me and I will tell you.

I spent over an hour trying to figure it out and I am pretty sure I am right but not 100%. My instructor is Turkish and you cannot understand anything he says!

And Breaker.... This aint a scene, its the gosh darn TW forum!

[Phil]

Originally Posted by TokyopunK

Assist me and I will tell you.

I spent over an hour trying to figure it out and I am pretty sure I am right but not 100%. My instructor is Turkish and you cannot understand anything he says!

And Breaker.... This aint a scene, its the gosh darn TW forum!

No, better that you turn in what you have-and try to get over your cheating habits. Don't blame the instructor's foreign accent for you being a little punk.

[Bottle Rocket]

Originally Posted by TokyopunK

I spent over an hour trying to figure it out

If you plan on going to college and majoring in anything worthwhile, you better plan on spending a lot longer than that on questions even simpler than those poseted.

Things like that are explained pretty claerly in the text, especially econ books. Basic economics is kept very basic.

Sorry, I know that's not what you wanted to hear.

[dave333]

Does good math typically ==> good economy?

I plan on either going to the finance or medical field.

[zapvor]

Originally Posted by TokyopunK

Hey guys it's your favorite Tennis Warehouse poster TokyopunK!!!

I am in quite a tough fix here as I have to turn in my answer for a final Economy homework question tomorrow but after reviewing the material a bajillion times I still am not confident with my answer.

Here is the problem.





a) What is the lowest price at which firm A will produce?
b) How many units of output will it produce at that price?
c) What is the lowest price at which firm B will produce?
d) How many units of output will it produce at that price?
e) How many units will firm A produce if the market price is $20?
f) How many units will firm B produce if the market price is $20?
g) If each firm's total fixed costs are $20 and the price of output is $20, which firm would earn a higher net profit or incur a smaller loss?
h) How much would that net profit or loss be?

My answers were:
a) 82
b) 5
c) 36
d) 3
e) 6
f) 6
g) ?
h) ?

If anyone is particularly strong in the field of Economics and could help me I would greatly appreciate it.

I will also send $10 via Paypal for verification or alterations to my answers. Thanks!

P.S. Please don't flame me because I am very sensitive and will cry.

man i remember doing this-econ200 right? i forget how to do it though lol but i think you can graph it out and then find out what units are produced at what price,etc. check the textbook this is one of teh basic questions you encounter.

[TokyopunK]

Originally Posted by zapvor

man i remember doing this-econ200 right? i forget how to do it though lol but i think you can graph it out and then find out what units are produced at what price,etc. check the textbook this is one of teh basic questions you encounter.

Actually its only Econ 130.... I have checked the textbook believe me......... I can't find anything similar. Hopefully I can get some help before I leave for school in the morning!

[The_Dark_Knight]

Originally Posted by Breaker

This is just more proof to my hypothesis that Fallout Boy rots the brain, if I have any trouble I'll be sure to contact TTW for help.

Is that a mister Noel Gallagher in your avatar?

[zapvor]

Originally Posted by TokyopunK

Actually its only Econ 130.... I have checked the textbook believe me......... I can't find anything similar. Hopefully I can get some help before I leave for school in the morning!

well its probably the same class- intro micro right?

did you try graphing? i think thats what i had to do. i forget what the total cost and variabel stuff relations are. but its something like even though varivable cost decline as units increase, it may not be worth it because of total revenue,etc. why dont you facebook a classmate and ask them

[TokyopunK]

Originally Posted by zapvor

well its probably the same class- intro micro right?

did you try graphing? i think thats what i had to do. i forget what the total cost and variabel stuff relations are. but its something like even though varivable cost decline as units increase, it may not be worth it because of total revenue,etc. why dont you facebook a classmate and ask them

Yeah I think I am going to graph it.

I facebooked like 4 guys and they had no clue.....

[D-man]

This looks like it might help you:

http://economics.about.com/cs/studen...es/a/costs.htm

[zapvor]

Originally Posted by TokyopunK

Yeah I think I am going to graph it.

I facebooked like 4 guys and they had no clue.....

now thats shame on you-thats what facebook is for! stalking until you find who you want/need! hook up with someone in class as study buddy. or sleep with the TA