Find the monopolists maximum profit

Assignment Help Business Economics
Reference no: EM13838893

A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/20,000, making the marginal revenue MR=1.70-Q/10,000. The marginal cost is constant at equal to 0.80. The fixed cost is 2,000. So, the total cost is TC=2,000+0.80Q. Find the monopolist's maximum profit.

Reference no: EM13838893

Questions Cloud

Developing prototype applet for web inventory management : As a lead systems developer for iDev3, you have been assigned as a consultant to work with Wrigley Inc (the gum company). Your project consists of developing a prototype applet for web-based inventory management
Annual replacement and downtime costs could be eliminated : You are the manager of a large crude-oil refinery. As part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year. The replacement and downtime cost ..
What is the p amount : An amount, P, must be invested now to allow withdrawals of $900 per year for the next 13 years and to permit $320 to be withdrawn starting at the end of year 6 and continuing over the remainder of the 13-year period as the $320 increases by 6% per ye..
Correctly identified the null and alternative hypotheses : What is your hypothesis and Is this a qualitative or quantitative design (based on type of variable collected) and why?
Find the monopolists maximum profit : A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/20,000, making the marginal revenue MR=1.70-Q/10,000. The marginal cost is constant at equal to 0.80. The fixed cost is 2,000. So, the total cost is..
About the producer surplus : Producer surplus is the...
Explain the stages involved in the preparation of budgets : Identify and explain briefly the stages involved in the preparation of budgets clearly describing the roles of the managers and budget committees. Explain how the use of spreadsheets may improve the efficiency and accuracy of the budget preparation p..
The long-run average-total-cost curve shows : Which of the following statements is false in the short run? The long-run average-total-cost curve shows.
Long-run macroeconomic equilibrium and stock market boom : Long-run Macroeconomic Equilibrium and Stock Market Boom Let us assume the economy reaches its long-run macroeconomic equilibrium in 2020. When the economy is in the long run macroeconomic equilibrium, the stock market will also reach its boom. Which..

Reviews

Write a Review

Business Economics Questions & Answers

  What you will be paying at per payment year

Assume you have 5 uneven payments to make and you want to know what you will be paying at 10% per payment (year) on this uneven payment.

  Indicate the various components of gdp when it is derived

Indicate the various components of GDP when it is derived by the resource cost-income approach. Calculate using the resource cost-income approach.

  Why this game is called a cooperative game

In recent yrs, persons also state governments have sued various tobacco companies to compensate for illness also injury allegedly cause d by cigarette smoking.

  College students living off-campus frequently consume

An average worker in Brazil can produce an ounce of soybeans in 20minutes and an ounce of coffee in 60 minutes, while an average worker in Per can produce an ounce of soybeans in 50 minutes and anounce of coffee in 75 minutes.

  What new ethical and social responsibility issues might

What new ethical and social responsibility issues might present themselves when moving from a domestic-only organization to one that now reaches a global arena?  Why are they different?  Explain.

  Trade-off between inflation and unemployment

How would Cost-of-Living Adjustments weaken the ability of the central bank to exploit the trade-off between inflation and unemployment?

  Explain your rationale and support it with specific examples

Consider the types of non-tariff trade barriers and determine which has the most detrimental effect on the U.S. economy from the standpoint of the domestic consumer. Explain your rationale and support it with specific examples.

  How the monetary tool work and how it affects money supply

Describe in details how the FED bank uses each of the three monetary policy tools, in order to decrease money supply. In your explanation describe who is responsible for setting the monetary tool and how the monetary tool work and how it affects mone..

  What is the importance of human capital

A perplexing issue, particularly for many human resource management and marketing professionals, is the absence of a valuation in the traditional financial statements relating to human capital and other internally generated intangible assets, such as..

  Production function short-run-long-run production function

The table below represents the production function for Hawg Wild, a small catering company specializing in barbecued pork. The numbers in the cells represent the number of customers that can be served with various combinations of labor and capital.

  Calculate the expected revenue-expected variable costs

Suppose the hotel in the lecture example raised its price from $30 to $30.50. With the new price, the hotel expects 96 guests to arrive 5% of the time, 97 guests 10% of the time, 98 guests 20% of the time, 99 guests 30% of the time, 100 guests 25% of..

  Individual is considering two investment projects

Project B will return a profit of $2.00 of conditions are poor, a profit of $3.00 if conditions are good and a profit of $4.00 if conditions are excellent. The probability distribution of conditions is as followed.

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