Demand is given with the following formula p=20-q

Reference no: EM131031365

If demand is given with the following formula P=20-Q, and MR is given with this formula MR=20-2Q, and we also know that MC is equal 4, What is the Consumer surplass, a. 8, b. 12, c. 32, d. 64.

Reference no: EM131031365

Questions Cloud

Assignment of probabilities to the six faces : If a die is loaded so that 6 comes up with probability 0.2 and the probabilities of the 2, 3, 4, and 5 faces are not affected, what is the assignment of probabilities to the six faces?

Different pieces of information in a structured manner : Overview - Linking different pieces of information in a structured manner is important. The simplest way to ensure that your work is structured in such a way is to prepare an essay plan before you start

1 seed is 120$, and farmer may earn 2 bushels of wheat : If 1 seed is 120$, and farmer may earn 2 bushels of wheat from 1 seed, then 5 bushels of wheat from 2 seed and 8 bushels of wheat from 3 seeds then the total cost is increasing in which of the following ways if there are no any fixed cost, a. increas..

Problem regarding the land in canada : Problem: Land in Canada. Canada's national statistics agency, Statistics Canada, says that the land area of Canada is 9,094,000 square kilometers. Of this land, 4,176,000 square kilometers are forested. Choose a square kilometer of land in Canada ..

Demand is given with the following formula p=20-q : If demand is given with the following formula P=20-Q, and MR is given with this formula MR=20-2Q, and we also know that MC is equal 4, What is the Consumer surplass, a. 8, b. 12, c. 32, d. 64.

The law of diminishing returns is a production principle : The law of diminishing returns is a production principle; hence it has nothing to do with the cost curves. Is this statement true? Why?

Education beyond high school : What must be the probability that a randomly chosen young adult has some education beyond high school but does not have a bachelor's degree? What is the probability that a randomly chosen young adult has at least a high school education?

Problem regarding the sequence of hits and misses : Problem: Sample space. In each of the following situations, describe a sample space S for the random phenomenon. (a) A basketball player shoots four free throws. You record the sequence of hits and misses.

Unnecessarily lavish airline flights : Please sort the following statements into whether they occur as a result of a price floor or ceiling being implemented. Assume that all scenarios have some form of price control on them.

User Account

All Pages