User Account

All Pages

Calculate the profit-maximizing price and quantity

Assignment Help Macroeconomics
Reference no: EM13325992

The demand function for a product sold by an oligopolist operating in the short run is given below:

QD = 370 - P

The firm's marginal cost function is given below:

MC = 10 + 4Q

Calculate the profit-maximizing price and quantity, if the firm operates in the short run (ignoring any possibility of rivalry

Reference no: EM13325992

Questions Cloud

Which tool do you think is most commonly used : List three main tools available to the Fed to change the money supply in the economy.
List the various causes of inflation and determine if they : List the various causes of inflation and determine if they are an injection or a leakage. Justify why you selected injection or leakage.
Calculate the equilibrium price and quantity : Where do demand and MR intersect the quantity axis? Calculate the equilibrium price and quantity.
What is the difference between the real exchange rate and : What is the difference between the real exchange rate and the nominal exchange rate? If the nominal exchange rate goes from 120 to 160 pesos per dollar, what has happened to the value of a dollar
Calculate the profit-maximizing price and quantity : Calculate the profit-maximizing price and quantity, if the firm operates in the short run (ignoring any possibility of rivalry
Also determine the level of profit or loss that the firm : Use the total cost (TC) schedule that is presented in the table below to determine the optimal rate of production when the firm can sell all of the output it produces at a price of $6.50 per unit. Also determine the level of profit (or loss) that the..
With the per-unit prices of broccoli b and pork rinds r : With the per-unit prices of broccoli (B) and pork rinds (R) equal to $2 and $1, a consumer, George, with an income of $1,000 purchases 300B and 400R. At that point, the consumer’s MRSBR = 3 R/1 B.
Compare the automotive manufacturing industry today to the : Compare the automotive manufacturing industry today to the automotive manufacturing industry of the 1950’s. Applying the economics of price and output, what is the difference between the industry of today and that of the 1950’s.
Contrast this with a second case in which micro factors play : In recent business publications, find case study in which changes in the maco enviroment play a major role in influencing a firm's competitive strategy. Contrast this with a second case in which micro factors play a more important role.

Reviews

Write a Review

Macroeconomics Questions & Answers

  What do you think tax rebates would stimulate

It is proposed that Congress pass a fiscal stimulus package that includes tax rebates for individuals. Is this Keynesian or Monetarist policy. What do you think tax rebates would stimulate the economy.

  Explain how much would a buyer have to pay for one call

Ignoring transaction price explain how much would a buyer have to pay for one call option contract.

  What is the required return on the market

With a beta equal to .85 and a risk-free rate of 5%, if the required return on Navistar, Inc. is equal to 9%, what is the required return on the market, rM , assuming the market is in equilibrium?

  Identify the impact of the policy on demand or supply

Summarize an article using at least three economic terms and theories covered in class. Identify the impact of the policy on Demand or Supply of the good(s) or service(s). Discuss the change(s). Draw a supply and demand graph to explain this chan..

  Computing profit-maximizing quantity and price

A monopolist has a constant marginal and aver­age cost of $10 and faces a demand curve of Q D  = 1000 - 10P. Compute the monopolist's profit-maximizing quantity, price, and profit.

  What is the point estimate of the population proportion

What is the point estimate of the population proportion? b. What is the point estimate of the population variance? c. Write a 95% confidence interval for the population proportion (? = .05).d. Will the bond proposal be approved with a 95% confidence?..

  Emily makes cartoons whioch she sells to her classmates

Emily makes cartoons whioch she sells to her classmates. Her average product of labor is 5 cartoons every hour if she works for one hour, four per hour

  How much gross income must cheryl report as a result

The Board of Directors of CYZ Corporation votes to issue two shares of stock for each share held as a stock dividend to shareholders. Just prior to the dividend, Cheryl owns 100 shares of CYZ Corporation stock that she purchased for $10 per share. Sh..

  Does most of that tax fall on consumers

Draw a supply and demand diagram 2. In equilibrium, how many packs of cigarettes are purchased? What is the equilibrium price? What is consumer surplus and producer surplus in equilibrium?3. Suppose that a flat tax of $1.50 per unit is imposed on c..

  Explanation of indifference curve analysis

Lisa is a lawyer and there are two tasks that she hates to do, even though her job requires it. Draw a graph with hours reading on the horizontal axis and hours writing on the vertical.

  Minor league baseball is trying to predict ticket sales

A team of minor league baseball is trying to predict ticket sales for the upcoming season and is considering changing ticket prices.

  Discuss the impact of expansionary and restrictive fiscal

Discuss the impact of expansionary and restrictive fiscal policies based on the basic Keynesian model, the crowding-out model, the new classical model, and supply-side model.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd