Determine the price and quantity at the kink of demand curve

Reference no: EM13231659

The kinked demand curve in an oligopolistic market is defined by the equations: P = 140 - 0.5Q, and P = 200 - 2Q.

a) Derive equations for the marginal revenue curves.
b) Determine the price and quantity at the "kink" of the demand curve.

Reference no: EM13231659

Questions Cloud

Political and economic turmoil of the 17th century : The religious, political, and economic turmoil of the 17th century forced European monarchs to try and stabilize their kingdoms. Using the examples of Holland, France and England

What will happen to output and the price level in short run : Suppose the Fed expands the money supply, but because the public expects this Fed action, it simultaneously raises its expectation of the price level. What will happen to output and the price level in the short run

What are some examples of regional products : Is there a fundamental difference between regional and global products?

Death in religious wars in medival europe : Why was there less death in religious wars in medival europe compared to the previous wars which were a lot more bloody?(16th-18thcentury)

Determine the price and quantity at the kink of demand curve : The kinked demand curve in an oligopolistic market is defined by the equations: P = 140 - 0.5Q, and P = 200 - 2Q. a) Derive equations for the marginal revenue curves. b) Determine the price and quantity at the "kink" of the demand curve.

Creat a rfp for a bpo in a ficticous organization : Creat a RFP for a BPO in a ficticous organization and explain why you would use different parts. Defend you choices to the executive team tasked with the outsourcing project.

Explain this outburst of witchcraft hysteria : Witchcraft hysteria seemed to have peaked during the 16th and 17th centuries coinciding with the Reformation and Counter-Reformation. What might explain this outburst of Witchcraft Hysteria?

How can service level agreements be monitored : How can service level agreements be monitored? Construct a short service level agreement first, then discuss how this service level agreement can be monitored.

How much will be sold and what will the price be : A monopolist's demand curve is described by Q = 50 - 0.5 P The firm's cost function is TC = 10 + 2 Q a) Find the profit-maximizing quantity and price. b) If the industry is regulated in a way that requires it to set P = AC

User Account

All Pages