User Account

All Pages

Profit maximizing price and quantity

Assignment Help Business Management
Reference no: EM131267036

Consider a monopolist described by the following equations:

Market demand for monopolist's product: P = 100 - Q

ATC for monopolist: ATC = 20 +(3/10) Q

MC for monopolist: MC = 20 + (3/5)Q

In this question we will use the above data to compare a single price monopolist to the same monopolist that is regulated either with average cost regulation or marginal cost regulation. At the end of the question you will fill out a table to compare your results.

a. Given the above information, what is the profit maximizing price and quantity for the single price monopolist? You should round your answers to the nearest whole number.

b. Given the above information, what is the level of profit for this single price monopolist?

Reference no: EM131267036

Questions Cloud

Does the ama statement of ethics address this issue : What do you think about Wholesome's idea for opening a new distribution channel? - Does the AMA Statement of Ethics address this issue?
How the model will be used by the business : For each proposed approach, describe the predictive model that will be built, how the model will be used by the business, and how using the model will help address the original business problem
Calculate the amount the firm would need on the present date : Calculate the amount the firm would need on the present date as savings to cover the expected liability. Calculate the amount the firm would need to set aside at the end of each year for the next ten years to cover the expected liability.
Discuss the implications of dual distribution : Discuss the implications of dual/multiple distribution. - Does your company have the capabilities to handle this, or should your company invest in channel members to take over these tasks and functions?
Profit maximizing price and quantity : Given the above information, what is the profit maximizing price and quantity for the single price monopolist? You should round your answers to the nearest whole number.
Explain the context and significance of the given quotations : Explain the context and significance of the following quotations form the writings of Marx. Man is far from being considered, in the rights of man, as a species-being";
Developing new vehicles and running big auto factories : The following quotation appeared in a Wall Street Journal article on the battle for market share in the automobile industry in 2000: "The huge fixed costs involved in developing new vehicles and running big auto factories means auto makers feel co..
Describe the conflict that might arise : Describe the conflict that might arise from having both an e-marketing offering as well as a brick-and-mortar offering.
What is the channel conflict between viacom and time warner : What is the channel arrangement described between Viacom, Time Warner, and consumers? Who are the intermediaries? - What is the channel conflict between Viacom and Time Warner?

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