Find the revenue maximizing level of quantity and price

Assignment Help Business Economics

Reference no: EM131166460

Suppose you are a manager of a firm. You estimate equations for the firm as follow:Fixed Cost = 600,000, Marginal Cost = Average Variable Cost = 63, Marginal Revenue = 130 - 0.00025Q, Demand: P = 130 - 0.000125Q

Find the revenue maximizing level of quantity, price, total revenue, and total profit

Find the profit maximizing level of quantity, price, total revenue and total profit.

Reference no: EM131166460

Questions Cloud

What do you think is meant by the term racial smog : What do you think is meant by the term racial smog? How do racial categories shape our identities and social status?

The home country has very elastic export supply curve : The home country has a very elastic (flat) export supply curve. The home country has a inelastic (steep) export supply curve. other things held constant, under these two situations which one will home country have a larger TOT (tariff Revenue) gain a..

What is the present worth of these cost savings : A company is considering the purchase of a new piece of equipment. The new equipment is expected to reduce manufacturing costs by $20,000 per year for 2 years, and by $15,000 per year for years 3 through 6. What is the present worth of these cost sav..

Compare and contrast economic challenges and incentives : Develop a list of similarities and differences between cost benefit analysis and cost effectiveness analysis as they pertain to specific health care service demands. Compare and contrast economic challenges and incentives as they relate specifical..

Find the revenue maximizing level of quantity and price : Suppose you are a manager of a firm. You estimate equations for the firm as follow:Fixed Cost = 600,000, Marginal Cost = Average Variable Cost = 63, Marginal Revenue = 130 - 0.00025Q, Demand: P = 130 - 0.000125Q. Find the revenue maximizing level of ..

What is the purpose of fermentation : In the absence of oxygen in your tissues, cells will switch from cell respiration to fermentation. What is the purpose of fermentation and what are the products of these reactions.

Developing and branding new offerings : Analyze the steps involved in the new product development process and determine which step presents the greatest challenge from a marketing perspective (other than the marketing strategy development step). Explain your rationale.

The federal reserve cut interest rates dramatically : The Federal Reserve cut interest rates dramatically in 2008 in response to the worsening credit crisis. Many emerging market countries were pegged to the dollar at this time. What happened during this period to the emerging economies of countries (mo..

Specify the main points of the buy american requirements : Specify the main points of the Buy American Requirements in one page or less. Determine the substantive means by which the Buy American Requirements would benefit both VectorCal and your new company. Provide a rationale for your response

User Account

All Pages