How much output should it produce to maximize profit

Assignment Help Business Management
Reference no: EM131976381

A firm practices first-degree price discrimination. The demand for the firm's product is defined as QD = 20 - 2P. If the firm has a constant marginal cost of production equal to $7 and the product is infinitely divisible, how much output should it produce to maximize profit?

Reference no: EM131976381

Questions Cloud

Calculate the equilibrium price and quantity : Calculate the equilibrium price and quantity that will prevail under a completely free market. Calculate the price elasticity of supply and demand.
Illustrate why this new strategy would be successful : The case study outlines six specific strategies that the firm has chosen to support its strategic direction.
Describe your understanding and application of knowledge : The purpose of the Final Project Paper is for you to culminate the learning achieved in the course by describing your understanding and application of knowledge
Compute the present value of the cash flows : Compute the present value of the cash flows if the appropriate interest rate is 13 percent.
How much output should it produce to maximize profit : If the firm has a constant marginal cost of production equal to $7 and the product is infinitely divisible, how much output should it produce to maximize profit
Determine the value of the one-month european put : Using risk-free portfolios, determine the value of the one-month European put with strike price 10 and European call with strike price 9.5.
Explain the three channels economists : Explain the three channels economists have identified through which quantitative or credit easing may affect the economy.
What are the firm working capital needs : What are the firm's working capital needs? The market assigns a stock price independent of EPS and the P/E ratio.
Sleeping problem with an alternative intervention : To design a well-defined study question we need to compare two intervention. From above information we are going to compare new intervention

Reviews

Write a Review

Business Management Questions & Answers

  Joining unions in increasing numbers

Public employees are joining unions in increasing numbers. Even in the jurisdictions that prohibit public employees from striking, union membership.

  Define five essential elements of an enforceable contract

Define the five essential elements of an enforceable contract, and demonstrate how each element relates to your example.

  Provides server authentication-data confidentiality

Transport Layer Protocol, provides server authentication, data confidentiality, and data integrity with forward secrecy (i.e., if a key is compromised during one session, the knowledge does not affect the security of earlier sessions).

  Describe the term performance booster

Respond to t he following questions in one essay. At least three to four paragraphs for each question with examples is expected. Describe the term performance booster(s) and how it relates to a Virtual Teams

  Muscles and chemical potential energy

When a dolphin jumps, it moves its muscles and chemical potential energy is converted to kinetic energy. Some of this energy is lost to the dolphin. Explain why this phenomenon does not violate the Law of Conservation of Energy.

  Distorted decisions in place of employment

Cognitive biases in decision-making: share examples of biases that have distorted decisions in your place of employment.

  Unprecedented number of mega-mergers

The last decade has witnessed an unprecedented number of mega-mergers in the banking industry: Bank of America's acquisitions of Fleet Bank, MBNA, and U.S. Trust; Bank of New York's acquisition of Mellon Financial; and Wells Fargo's acquisition of..

  What other hrm activities could be impacted by the training

What other HRM activities could be impacted by the training and collaboration? In current APA format in addition to the text.

  Professional licensing group plays in creation of policy

Research one of the health profession licensing agencies in Arkansas. Analyze and comment on the role this professional licensing group plays in the creation of policy within the profession as well as the impact those policies potentially have on ..

  Discuss the strategic direction of the company

Discuss the strategic direction of the company and whether you believe the organization to be on the right track. Make recommendations that you believe would help Dish to gain market share.

  Monitors internet policies and practices

Question 1. Which of the following is NOT an advantage of client/server computing over centralized mainframe computing?

  Annuity for a comparable rate of? return

He promptly sold it for ?$99625. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of? return?

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