Illustrate what is the profit maximising output

Assignment Help Business Economics

Reference no: EM1351453

Suppose a monopolist's demand is given by the function P=25-3Q. Let the total cost of production be 7Q+28 for positive levels of output, and zero otherwise. What is the profit maximising output?

a. 1

b. 0

c. 2

d. 3

Reference no: EM1351453

Questions Cloud

How far away is the corresponding image : A 80 g, 37 cm long rod hangs vertically on a frictionless, horizontal axle passing by its center. A 15 g ball of clay traveling horizontally at 2.7 hits and sticks to the very bottom tip of rod.

Responsibilities of each department in a lodging facility : What are the roles and responsibilities of each department in a lodging facility as it applies to guest services and should a lodging facilites Back of House (BOH) operations be concerned with guest service?

Classical and operant conditioning : Compare and contrast classical conditioning and operant conditioning. Use the Psychism Operant Conditioning information and your text to support your discussion.

Writing and execuinge sql command : The table name will be METALS and will be used to store description of various metals. Following offers some additional direction on how table must be created.

Illustrate what is the profit maximising output : Suppose a monopolist's demand is given by the function P=25-3Q. Let the total cost of production be 7Q+28 for positive levels of output, and zero otherwise. Illustrate what is the profit maximising output.

Determine the required rate of return on stock : Assume you are the money manager of a four million investment fund. The fund consists of four stocks with the following investments and betas:

Underlie employee resistance to change : Research has shown that organizations are more likely to succeed when they have an adaptive culture and what can an organization do to foster an adaptive culture?

What happens to an angular velocity : A gymnast with mass m1 = 47 kg is on a balance beam that sits on (but is not attached to) two supports. The beam has a mass m2 = 118 kg and length L = 5 m. Each support is 1/3 of the way from each end. Initially the gymnast stands at the left end ..

Lifespan development and psychosocial development : Select one of the following areas of lifespan development for review:

User Account

All Pages