Find clear visions profit maximizing output and price

Assignment Help Business Economics

Reference no: EM13983953

In box city, Clear vision inc has a monopoly; demand is given by P=28-.0008Q; short run total cost=120,000 + .0006Q^2 and MC=.0012Q

A) find clear vision's profit maximizing output and price; also determine profit

B) suppose that box city imposes a specific tax of t=1$ per unit of service. find clear vision's new profit maximizing output, price, and resulting profit

Reference no: EM13983953

Questions Cloud

Market demand in homogeneous product stackelberg duopoly : The inverse market demand in a homogeneous product Stackelberg duopoly is. Determine the reaction function for the firm 2 follower. Calculate the equilibrium market price. Calculate the profit each firm earn in equilibrium.

Determine if the firms mix of inputs is optimal : Consider a firm using labor and capital as its only inputs. The price of capital is $40 where the price of labor (wage) is $60. Using 500 units of labor and 500 units of capital the firm is producing 1200 units of output. At this mix of input the fir..

Principal desires under conditions of asymmetric information : Inducing the worker to exert effort A worker can exert two effort levels, good or bad which induce a production error with probability 1/4 and 3/4 respectively. Calculate the optimal contract and the effort that the principal desires under conditions..

Find clear visions profit maximizing output and price : Find clear vision's profit maximizing output and price; also determine profit. suppose that box city imposes a specific tax of t=1$ per unit of service. find clear vision's new profit maximizing output, price, and resulting profit

The federal reserve chooses how much banks lend : The Federal Reserve chooses how much banks lend. The Federal Reserve serves as a lender of last resort. The federal reserve loans money to banks.

Association reports that annual sales of bakery goods : The American Baker’s Association reports that annual sales of bakery goods last year rose 15%, driven by a 50% increase in the demand for bran muffins. Most of the increase was attributed to a report that diets rich in bran help prevent certain types..

Variable rates are equally risky for lender and borrower : Compared to fixed interest rates, variable rates are riskier for the borrower but less risky for the lender. Compared to fixed interest rates, variable rates are riskier for the lender but less risky for the borrower. Variable rates are equally risky..

What you have learned about mercantilist theory : Starting with Japan in the 1970s, there are some countries whose trade policy American policy-makers have characterized as “neo-mercantilist.” Considering what you have learned about Mercantilist theory, what do you think we mean by this expression?

User Account

All Pages