Reference no: EM1370028
One and only Inc is a monopolist. The demand function for its product is estimated to be Q=60-0.4P +6Y+2A
Y= 3,000
P= Price per Unit
Y= Per capita disposable personal income (thousands of dollars)
A= hundreds of dollars of advertising expenses
The Firms average variable cost function is AVC=Q²-10Q+60
Y is equal to 3(thousand) and A is equal to 3 (hundred) for the period being analyzed.
a) If fixed costs are equal to $1,000, derive the firm's total cost function and marginal cost function.
b) Derive a total revenue function and a marginal revenue function for the firm.
c) Calculate the profit maximizing level of price and output for One and Only Inc.
d) What profit and loss will One and Only earn?
e) If fixed costs were $1,200, how would your answers change for parts (a) through (d)?
|
Determine the profit maximizing price
: The Yankees have determined that there are 3-groups of purchaser for their tickets. They have determined that the price elasticity of demand for group one is -1.02,
|
|
Determine productivity of the kitchen staff
: From your knowledge of restaurants and from the case itself, identify how each of the 10 decisions of operations management is applied at Hard Rock Cafe.
|
|
Calculate company debt ratio
: Green sister has a dso of twenty days. The firm average daily sales are $20,000. What is the level of its accounts receivable? Suppose there are 365 days in a year.
|
|
Create efficient algorithm to find path in graph
: Given connected undirected graph G described by the adjacency list representation create the efficient algorithm to find the path in G which goes through exactly once in each direction.
|
|
Determining monopolist demand function
: Derive a total revenue function and a marginal revenue function for the firm. Calculate the profit maximizing level of price and output for One and Only Inc.
|
|
Methodology to find the optimal activity levels
: Appalachian Coal Mining believes that it can raise labor productivity and, therefore, net revenue by reducing air pollution in its mines. Its estimates that the marginal cost function for decreasing pollution
|
|
Write guide for the organization
: Write a 2-3 page report recommending style manual and/or technical/legal writing guide for the organization to use and describe the reasons for your recommendations.
|
|
Determining profit in pre and post merger
: The market for a standard-sized cardboard container comprises two firms: BooBox and Flimflax. As manager of BooBox you enjoy patented technology which permits your company to produce boxes faster and at lower cost than Flimflax.
|
|
Consumer demand curve and price elasticity of demand
: A monopolist currently charges $50 a unit for the 100,000 units of product it produces and sells every month. An economic analysis has shown that,
|