Find the monopolist profit

Reference no: EM13189653

you are a manager of a monopoly firm, and your demand and cost functions are given by:

P=288-2Q and C(Q)=1000+2Q2, respectively.

A) What price quantity combination maximizes your firm's profit?
B) Find the monopolist profit?

Reference no: EM13189653

Questions Cloud

Can you check my answers? : Nearly a week before Hurricane Katrina reached New Orleans, Wal-Mart began moving trucks and supplies into position, as specified in the company's ________ plan.

How much total money will she have saved : Baby boomers can save up to $22,000 per year in a 401k account. If Eileen's starting balance at age 50 is $200,000 and she saves the full amount available to her, how much money will she have saved when she is 65 years old (after 15 years of savin..

What is the efficient amount to spend on fireworks : How much money will you choose to spend on fireworks, and how much on beer (Since more of everything is better, your budget constraint will hold with equality, or f + b = 50; one way to solve this, then, is to plug in 50 - f for b, and find the va..

What is the official unemployment rate : Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor fo..

Find the monopolist profit : you are a manager of a monopoly firm, and your demand and cost functions are given by: P=288-2Q and C(Q)=1000+2Q2, respectively. A) What price quantity combination maximizes your firm's profit B) Find the monopolist profit

The company depreciates assets using the straight-line : Assume the states between years are independent, an interest rate of 6%, and state 1 is realized in year 1. Show the balance sheet, income statement, and residual income / goodwill analysis for year 1.

Is van farms using an optimal combination of fertilizer : Alternatively, watermelon output could be increased by 500/month with an additional 2 tons of fertilizer/month. assuming the cost of water is $0.03/gallon and the fertilizer is $25/ton, is Van Farms using an optimal combination of fertilizer and w..

User dialog strategies used by a menu-driven interface : Evaluate the user dialog strategies used by a menu-driven interface and determine why menu-driven interfaces continue to be popular in the modern computing age.

Determine the size of the gdp gap in percentage : Suppose the natural rate of unemployment in 2005 is 5% and the actual rate of unemployment is 9%. Use Okun's law to determine the size of the GDP gap in percentage-point terms. If the potential GDP is $500B in that year

User Account

All Pages