Determine what is the marginal cost of production

Assignment Help Econometrics

Reference no: EM13197072

A monopolist faces a demand curve given by: P = 220 - 3Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $40. There are no fixed costs of production. How much output should the monopolist produce in order to maximize profit?

Reference no: EM13197072

Questions Cloud

Find both speeds : A train travels 120 km in the same time that a plane covers 420 km. If the speed of the plane is 40 km per hr less than 4 times the speed of the train, find both speeds.

What is the deadweight loss associated with the monopoly : A monopolist faces a demand curve given by: P = 70 - 2Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $6. There are no fixed costs of production.

How much profit will the monopolist make : A monopolist faces a demand curve given by: P = 220 - 3Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $40. There are no fixed costs of production.

Depict a lewis structure for acyl chloride : Draw a Lewis structure for acyl chloride R-C(=O)-Cl and state its 3D-structure around the central atom (C). R is an acyl substituent.

Determine what is the marginal cost of production : A monopolist faces a demand curve given by: P = 220 - 3Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $40. There are no fixed costs of production. How much output sho..

Define galactose is concentrated in a cell by a transporter : Galactose is concentrated in a cell by a transporter driven by ATP hydrolysis. What is the ratio of ADP to ATP required to maintain a galactose concentration gradient of 100,000:1

Prepare a statement of financial position for abc ltd : Prepare a statement of financial position for ABC ltd as at 30 June 2012 to comply with AASB 101 and prepare a statement of changes in equity for ABC ltd for the year ended 30 June 2012, according to the requirements of AASB 101.

What is the volume of grain that can be stored in the silo : A grain silo has a cylindrical shape. Its diameter is16FT , and its height is 47FT . What is the volume of grain that can be stored in the silo?

Define glucose transport in the liver cells of animal : In a healthy wild type animal the Km (KT) of the glucose transporter (GLUT2) present in liver cells is 15 mM. What would happen to glucose transport in the liver cells of animal that expressed only a mutant GLUT2 protein with a Km of 1mM

User Account

All Pages