Demand curve affect the firm’s price?

Reference no: EM13196183

A monopolist faces a demand curve given by the following equation: P = $500 − 10Q, where Q equals quantity sold per day. Its marginal cost curve is MC = $100 per day. Assume that the firm faces no fixed cost.

and have the answers for most, but can someone give me a bump in the right direction for the follow up -

Now suppose a tax of $100 per unit is imposed. How will this affect the firm’s price?

Reference no: EM13196183

Questions Cloud

Domestic case of environmental pollution : Given a domestic case of environmental pollution or a global problem such as acid rain or global warming, propose a strategy and a specific set of basic steps that could help address the problem.

Consider deep cultural roots of attitudes about environment : Consider ways people differ on what the land should be used for or whether it should be used at all and how those attitudes affect attitudes about pollution and environmentalism. Consider deep cultural roots of attitudes about the environment.

Define gas formation and ppt for precipitation : For each reaction, use the solubility rules as well the equations in the background information to predict if there is a reaction, If there is no reaction indicate so by writting NR under predictions, write gas for gas formation and PPT for precip..

Use of somber tones and pessimistic moods : What genre of film is identified by its use of somber tones and pessimistic moods, characteristic visual elemetns such as exaggerated camera setups and lighting, and characters who tend to be cynical, disillusioned, and often insecure or impotent lon..

Demand curve affect the firm’s price? : A monopolist faces a demand curve given by the following equation: P = $500 − 10Q, where Q equals quantity sold per day.Assume that the firm faces no fixed cost.

What is the largest possible volume of the box : if 1500 square centimeters of material is used to make a box with square base and an open top, what is the largest possible volume of the box?

Paramedic training at ivy tech : Starting the parm 102 basic paramedic training at ivy tech fall 2011. I'm trying to find out about the textbooks & course materials. the summer sessions are still on the campus connect. It won't let me look it up. Any idea what it might be?

Draw a picture of every tree : Draw a picture of every tree with 1, 2, 3, 4, 5, or 6 vertices. Just include one copy of each tree - that is to say you should eliminate any trees that are isomorphic to others on your list.

State what is the concentration of acetate : What is the concentration of acetate when 500mL of 0.47M acetic acid is added to 500mL of a pH 5.7 solution

User Account

All Pages