User Account

All Pages

Developing demand and cost schedules

Assignment Help Business Economics
Reference no: EM132092566

The Bramwell Corporation has estimated its demand function and total cost function to be as follows:

Q= 25 - 0.05P TC = 700 + 200Q

Answer the following questions either by developing demand and cost schedules. (hint: Use quantities from 1 to 14) or by solving the equations.

What will be the price and quantity if Bramwell wants to

Maximize profits?

Maximize revenue?

Maximize revenue but require the profit to be a minimum of $300?

I know that to solve I can change the equations to

= 25-Q/ .05       P= 500-20Q

TR= P X Q      TR= (500-20Q)Q    TR= 500Q- 20Q2 TR = 500-40Q

Reference no: EM132092566

Questions Cloud

Explain the basic features of adversarial system : Specify the basic features of adversarial system. Next, support or critique the value of the adversarial system within the criminal law system in the United.
Which market structures are most prominent : What proportions of the firms reported rising, falling, or constant prices? What does this say about which market structures are most prominent?
Research the pros and cons of this system : Research the pros and cons of this system and identify possible vulnerabilities. Present your findings.
Determine amount of cash inflow from operating activities : Required - Based on this information alone, determine the amount of cash inflow from operating activities during the accounting period
Developing demand and cost schedules : Answer the following questions either by developing demand and cost schedules. (hint: Use quantities from 1 to 14) or by solving the equations.
Resolution methods of mediation and neutral evaluation : Compare and contract the Alternative Dispute Resolution methods of Mediation and Neutral Evaluation.
Determine the goal of a preliminary death investigation : Determine the goal and the main procedure of a preliminary death investigation. Include one (1) example of a successful preliminary death investigation.
Write a brief description of a company of your choice : Write a brief description of a company of your choice (existing or new) and its product or service. Include the company's mission statement.
How does the application of biblical worldview affect : How does the application of a Biblical worldview affect how you may look at the idea of misbehavior?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd