How many units would dex sell

Assignment Help Microeconomics

Reference no: EM13936249

DEX0 Enterprises, a monopoly, faces the following demand curve. DEX is owned by three sisters, Alice, Mary and Claire. At this time the firm faces a constant MC and ATC of $4.00 per unit of their product.

Price	Quantity Demanded	Total Revenue	Marginal Revenue
10	0
8	1
6	3
4	6
2	10
0	15

1. Complete the table by calculating Total Revenue and Marginal Revenue for this firm.

2. Alice is would like to see DEX's product used by as many people as possible. Which price would she choose? How many units would DEX need to produce and distribute if Alice was in charge?

3. Mary wants to maximize total revenue. What price would she choose? How many units would DEX sell?

4. Claire wants to maximize profits. What price would she choose? How many units would DEX sell?

Reference no: EM13936249

Questions Cloud

Case study-high ranking team from fuji heavy industries : A high ranking team from Fuji Heavy Industries, owners of the Subaru brand, recently said that Oman will remain a top priority market for the company in the coming years. The market share for Subaru in Oman is around two per cent which is double i..

Characteristic phases of development of historical humanity : Characteristic phases of development of historical humanity - Question on Characteristic phases of development of historical humanity

Programming in three different languages for dijkstra : Write a program that will compute the shortest-path tree rooted at nodes as noted in the networks (Figure 1, 2, and 3) provided below by using the Dijsktra algorithm, as explained in the class and in the book. You can use any programming language ..

How has the balance of trade changed over the past ten years : Use this website to assess recent trends in exporting and importing by UK firms. How has the balance of trade changed over the past ten years?

How many units would dex sell : Alice is would like to see DEX's product used by as many people as possible. Which price would she choose? How many units would DEX need to produce and distribute if Alice was in charge?

Implement a scheduler of srt : The program will take three arguments, a random seed, the name of the algorithm to use, and the length of time to run (in milliseconds). You will simulate the clock interrupt with an alarm signal handler and setitimer(). See the example in the code ..

Case study - choicepoint : ChoicePoint is not a household name, nor do we aspire to be. What we do seek is to help create a safer, more secure world through the responsible use of information.

How many product lines should the organization identify : What are the advantages and disadvantages of a matrix model for GHE in terms of direct and indirect costs as well as benefits, such as improved coordination? How many product lines should the organization identify

Political and legal trends affecting fast food consumption : Discuss the demographic, sociocultural, economic, technological, natural, political and legal trends affecting fast food consumption

User Account

All Pages