Compute the price output and profit contribution

Assignment Help Business Economics

Reference no: EM1344467

A product you produce has the following annual demand function:
P=90-0.003Q
The marginal cost of producing the product is $30. If the firm pays a fee of $50000 to the General Drug Research Council, it can have its product's effectiveness certified. The demand function for a certified product is expected to be P=100-0.003Q
a. Compute the price, output, and profit contribution if the product is not certified.

Reference no: EM1344467

Questions Cloud

Elucidate proponets of free market systems argue : Elucidate proponets of free market systems argue that free enterprise leads to more efficient production and better responses to changing consumers preferences.

Us about the current tax system : Instructor of a one-day tax seminar to inform international students studying business in the United States about the current tax system.

Evaluating the var in a historical simulation : National Bank Asia desire to employee fresh young graduates to work in their Market Risk Management department. As you are preparing your interview,

How numerous times greater is the diameter of wire : You're carrying a 4 m long, 23 poles to a construction site when you decide to stop for a rest. You place one end of the pole on a fence post and hold other end of the pole 35 from its tip. How much force should you exert to keep the pole motionle..

Compute the price output and profit contribution : Compute the price, output, and profit contribution if the product is not certified.

Recursive method to search a string for a byrd : Write a recursive method that searches a string for a Byrd. A Byrd has the following properties. Its first character is an 'A'. If it is a two character Byrd then its second and last character is an 'H'.

Accounting business taxes-equities-fair value : Please describe the accounting treatment when a company purchases less than 20% of another company's stock. Please describe how revenue and dividends are treated when the equity method is used.

Find out the magnitude and the x component of force vector : A generator uses a coil that has 140 turns and a 0.50-T magnetic field. The frequency of this generator is 60.0 Hz, and its emf has an rms value of 120 V. assume that each turn of the coil is a square (an approximation), find out the length of the..

Importance of operational risk : Explain briefly why operational risk is important. Though the cost of implementing a new operational risk management system is expensive, determine why it could also improve the efficiency.

User Account

All Pages