Are there two output levels at which mc equals to mr

Reference no: EM131482201

Question: 1. A monopoly faces the total revenue schedule TR = 300q - 2q2 and the total cost schedule TC = 12q3 - 44q2 + 60q + 30

Are there two output levels at which MC = MR? Which is the profit-maximizing output?

2. If a firm faces the demand schedule p = 120 - 3q and the total cost schedule TC = 120 + 36q + 1.2q2 what output levels, if any, will

(a) maximize profit, and

(b) minimize profit?

Reference no: EM131482201

Questions Cloud

Calculate the tc : Using your knowledge of economics to apply appropriate restrictions on their domain, say whether or not the following functions have maximum or minimum points.

Watch the following 2013 bloomberg video : Based on the video, fast forward to current day and give your opinion on whether or not Apple's product strategy should change given its current rate of success

Research a legal system of a foreign country : Research a legal system of a foreign country and explain how it addresses the requirements of Hart's 3-part legal system

Proper formulation of strategy : What information is needed for the proper formulation of strategy? Why?

Are there two output levels at which mc equals to mr : A monopoly faces the total revenue schedule TR = 300q - 2q2 and the total cost schedule TC = 12q3 - 44q2 + 60q + 30.

What does this teaching reveal about jesus : What was Jesus point in the teaching? What sort of relevance does this teaching have for other worldviews? What does this teaching reveal about Jesus?

Acquired aneurysmal subarachnoid hemorrhage : Acquired aneurysmal subarachnoid hemorrhage is a condition that is characterized by bleeding into the subarachnoid space surrounding the brain.

Qualitative and quantitative data in decision making : Problem solving and critical thinking by analyzing qualitative and quantitative data in decision making.

What is the maximum profit a firm can make : Explain why a firm which is a monopoly seller in a market with the demand schedule p = 66.8 - 0.4q and which faces the total cost schedule.

User Account

All Pages