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Derive the marginal revenue curve

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Reference no: EM131255376

Suppose you are a monopolist in the market for a specific video game. Your demand curve is given by P=80-Q/2, and your marginal cost curve is MC=Q. Your fixed cost is $400.

i) Derive the marginal revenue curve

ii) Calculate the equilibrium price and quantity

iii) What is the profit?

Suppose a cinema is a local monopoly whose demand curve for adult tickets on Saturnday night P=12-2Q, where P is the price of a ticket in dollars and Q is the number of ticket sold in hundreds. The marginal cost for adult is $2

i) What is the marginal revenue cost in the market?

ii) What price should the cinema charge in the markets if its goal is to maximize profits?

Reference no: EM131255376

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