Find the monopolists profit maximizing price

Assignment Help Business Economics

Reference no: EM13798024

1) A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/10,000, making the marginal revenue MR=1.70-Q/5,000. The marginal cost is constant at equal to 0.80. The fixed cost is 2,000. Variable cost is 0.80Q. Find the monopolist's profit maximizing price.

2) A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/10,000, making the marginal revenue MR=1.70-Q/5,000. The marginal cost is constant at equal to 0.80. The fixed cost is 2,000. Variable cost is 0.80Q. Find the monopolist's maximum profit.

Reference no: EM13798024

Questions Cloud

Moles of solid copper used in reaction : D. moles of solid copper used in reaction [Convert from grams to moles by dividing the grams of copper by the atomic mass (Cu = 63.55 g/mol)] (mol):E. moles of solid silver produced in reaction [Convert from grams to moles by dividing the grams of si..

When is predatory pricing a most effective entry barrier : When is predatory pricing a most effective entry barrier?

Make predatory pricing by incumbents rational : Which of the following conditions may make predatory pricing by incumbents rational?

Fix for the problem rather than government intervention : Using a minimum of 3 approved sources (articles from major news outlets, academic journal articles, textbooks), post an original 4-5 well-developed paragraph response to the questions below by June 5th at 11:00pm and respond to at least two classmate..

Find the monopolists profit maximizing price : A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/10,000, making the marginal revenue MR=1.70-Q/5,000. The marginal cost is constant at equal to 0.80. The fixed cost is 2,000. Variable cost is 0.80Q..

What value questions do you see raised : What value questions do you see raised? How do you respond to them? Can you articulate an arguable claim about these questions?

Got a lot of consumer surplus from her purchases : If your neighbour returns from a shopping trip saying that she got a lot of consumer surplus from her purchases

Products has a dangerous side effect : If a pharmaceutical company knows that one of its products has a dangerous side effect, but does not disclose that to its customers, then the market for that product is likely to fail due to:

If one person consumes a public good : If one person consumes a public good:

User Account

All Pages