Profit maximizing price level

Reference no: EM1370041

2. Your corporation sells its product online and in stores. Your marginal cost $30 is the same in both markets. The demand and marginal revenue curves in the two markets are different however.
Qonline = 1,000-2 Ponline
MRonline = 500-Qonline

Qstores = 200-Pstores
MRstores = 200-2 Qstores

2.1 What is the profit maximizing price level in each market?
Online
Stores

2.2 At those prices, what output is sold in each market?
Online
Stores

2.3 Which market has a more elastic demand?

Reference no: EM1370041

Questions Cloud

Recognize five potential risks for new project : Recognize five potential risks for new project, being sure to write some negative and positive risks. Give a detailed description of each risk and propose strategies for addressing risk.

Objectives for starbucks : Objectives for Starbucks - What are some of the preliminary objectives that you can think of for the Starbucks ?

Calculate average fixed cost and average variable cost : Suppose your cousin Vinnie owns a painting company with fixed costs of $200 and the following schedule for variable costs;

Write program using c language to find page fault : Write program using c language to find page fault for individual processes, group of processes and system as whole using following system call int sys_pgfltstats(pid_t pid,int flag,pf_info_struct *info).

Profit maximizing price level : Your corporation sells its product online and in stores. Your marginal cost $30 is the same in both markets. The demand and marginal revenue curves in two markets are different however.

Describe the laws that may be applicable to fact pattern : Describe the laws that may be applicable to this fact pattern and Are the dates important and Is Joel's age a consideration under the law

Determine profit maximizing level of output : Which of the following situation descriptive a perfectly competitive market. Graph marginal costs from table below and answer the following questions:

Create pdm-cpm diagram for play : Given following information about staging community play on Independence day. Create the PDM / CPM diagram. Find out earliest completion time for play and the critical path.

Determine optimal output for the production division : The Xerxes Firm is composed of a marketing division and a production division. The marketing division packages and distributes a plastic product made by the production division.

User Account

All Pages