Equilibrium of such a monopolistic firm

Assignment Help Business Economics
Reference no: EM138895

Q. Given the demand function of a monopolist:

Q = 100 - P

and the cost function faces him/her:
C = 100 + 80 Q

a. Find out: equilibrium quantity (Q*), equilibrium price (P*), total revenue ©, average revenue (AR), marginal revenue (MR), total cost (C), average total cost (ATC), marginal cost (MC), total profit ( ), showing if there is a profit, break even, or loss faces this monopolistic firm.

b. Illustrate graphically the equilibrium of such a monopolistic firm.

Reference no: EM138895

Questions Cloud

Building the right organisational culture : Explore the role the organisational culture plays in achieving organisational objectives. Include a discussion on why it is important, and how to change an established culture so that it is better aligned with achieving the desire organisational outc..
Minimum annual equivalent cost : what is the expected economic life for this water pump and what is the minimum annual equivalent cost.
Intended to generate positive externalities : Which one of the following government actions is intended to generate positive externalities.
Equilibrium of such a monopolistic firm : Illustrate graphically the equilibrium of such a monopolistic firm.
Price elasticity of demand and price elasticity of supply : Price Elasticity of Demand and Price Elasticity of Supply at the equilibrium point.
Piece of commercial real estate : Then you inherited a piece of commercial real estate bringing in $12,000 in rent annually.
Equilibrium level of output in this economy : what is the short run equilibrium level of output in this economy.
Has a registered trademark : A firm has developed a new product for which it has a registered trademark.

Reviews

Write a Review

Business Economics Questions & Answers

  Monopolist faces the demand curve

If income rises from 1000 to 1800 and consumption rises from 1100 to 1700 the marginal propensity to save.

  National differences in consumer behavior

Despite being globally branded, Unilever still tweaked the Dove campaign from country to country. Elucidate why did it do this. What does this tell you about national differences in consumer behavior.

  Marginal product of capital and labour

Avoid having developed economies regress to a Smoot-Hawley type of isolationism or protectionism to avoid job losses in import-competing sectors.

  Beta corporation operates in an business

Consider that, in this case, we 1st add (marginal) costs, not quantities, since these are the costs associated with each t-shirt.

  Third largest city of a country

The third largest city of a country has a population of 12.5 million.

  Consumer surplus as well as industry profits

Analyze the equilibrium cost and quantity in this case and label it on your graph. Moreover calculate, deadweight loss, consumer surplus as well as industry profits.

  Substitute is new car if income

What will happen to price of old car taken as an inferior goods whose substitute is new car if income of the people rises.

  Impacts upon the aggregate expenditure

Explain how each change mentioned in the article impacts upon the aggregate expenditure model.

  Equilibrium business cycle

Compare these results to those predicted by the equilibrium business cycle model developed by Barro throughout the text.

  Principles of the keynesian model

Applying the principles of the Keynesian model, what specific economic policies would you propose to accomplish these goals.

  Output level and price that maximizes total revenue

Calculate the output level and price that maximizes total revenue.

  Guidelines of the federal reserve

The two smallest banks have proposed merging. Under the standard merger guidelines of the Federal Reserve and the Justice Department.

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!

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