Determining marginal revenue and profits

Assignment Help Microeconomics

Reference no: EM1370080

A- A firm with market power produces widgets at marginal cost of $10 per unit and zero fixed costs. It faces demand function given by P = 50 - Q. Find out the marginal revenue for the firm?

b- A firm with market power produces a chip at a marginal cost of $10 per unit and zero fixed costs. It faces a demand function given by P = 50 - Q. What are the profits of the firm at the optimal price and output combination?

Reference no: EM1370080

Questions Cloud

Caluclating monopoly price and profit maximizing output : Suppose you are the manager of a firm that sells its product in a competitive market at a price of 50. Your firms cost structure is c=40 + 5Q2. The profit maximizing output for your company is;

Determining profit-maximizing price and quantity : The demand function for product sold by an oligopolist operating in the short run is given below: Compute the profit-maximizing price and quantity, if the firm operates in short run.

Explain what new or emergent strategies will be pursued : Explain What new or emergent strategies will be pursued and What products or services will we offer our customers in the future?

Program to take input five numbers-display mean average : Write the program which takes as input five numbers and outputs mean average and standard deviation of numbers. If numbers are x1, x2 ,x3, x4, and x5, then mean is?

Determining marginal revenue and profits : A firm with market power produces widgets at marginal cost of $10 per unit and zero fixed costs. It faces demand function given by P = 50 - Q. Find out the marginal revenue for the firm?

Explain what are some barriers the employees change plan : Explain What are some barriers the employees will bring to this change plan and Along with management, employees also erect barriers

How do businesses and it strategies seem to match : How do their business and IT strategies seem to match and does it look like their product and service offerings are well supported by IT?

Computing optimal output and price levels : Tyvex LLC produces professional quality color laser printers. The market for professional color laser printers is monopolistically competitive. Suppoe that the inverse demand curve faced by Tyvex

Question based on public relations : Overview of the importance of the organizational and societal functions of PR and explanation of the organizational functions of PR

User Account

All Pages