User Account

All Pages

Problem regarding the monopolistic market

Assignment Help Business Management
Reference no: EM131423687

Consider the market for scooters. Suppose it is a (single-price)monopolistic market. The market demand for scooters is given by the equation PD(Q) = 100-8Q.  The firm faces costs given by the total cost function TC(Q)=3Q² + 34Q +10 and marginal cost function MC(Q)=6Q+34.

(a) Draw the firm's problem. Your graph should include (ATC, MC, MR, D). 

(b) Calculate the profit maximizing quantity of this firm. Show it on your graph. 

(c) What profit does the firm earn? 

(d) Calculate the deadweight loss generated by this monopoly.

Reference no: EM131423687

Questions Cloud

How do you account for the appeal and spread of christianity : How do you account for the appeal and spread of Christianity and Islam?
What is the goal for collaborating with the leader : What is the goal for collaborating with the leader to interpret his or her learning needs? How will you help the leader evaluate his or her learning needs (or performance gaps) by applying the "use of self" framework
Comment on appropriateness of t procedures for given data : Given the coarseness of the rating, the owner of the Sir Beef-a-lot chain considers only a difference in the means of at least 0.25 units as meaningful.
Issues in the natural human world based on articulating : How does this reference for a journal article need to be changed to be properly formatted according to APA style - issues in the natural human world based on articulating one's identity in a global context.
Problem regarding the monopolistic market : Consider the market for scooters. Suppose it is a (single-price)monopolistic market. The market demand for scooters is given by the equation PD(Q) = 100-8Q.  The firm faces costs given by the total cost function TC(Q)=3Q² + 34Q +10 and marginal co..
Describe the checks and balances in the design process : What is included in the establishment of a "functional" baseline? "allocated" baseline? "product" baseline? Why is baseline management important?
Marginal revenue and marginal cost curves : Suppose that a monopoly faces a demand curve P=30-2Q and its marginal cost curve is MC=Q. (a) Plot the average revenue, marginal revenue and marginal cost curves for this monopoly.
Describe what is meant by artificial intelligence : Select a system of your choice (describing the tasks in design), and develop a flowchart showing the application of CAD (or equivalent) as it should be implemented.
Describe an important challenge facing management : Describe an important challenge facing management of health care organizations today. How would you go about addressing it

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd