User Account

All Pages

What is optimal price and quantity

Assignment Help Managerial Economics
Reference no: EM13976868

1.War Game, Inc., produces games that simulate historical battles. The market is small but loyal and War Game is the largest manufacturer. It is thinking about introducing a new game. War Game forecasts demand for this game to be P=50-.002Q, where Q is unit sales per year and P is price in dollars. The cost of manufacturing is C=140,000+10Q.

A. If War Game wants to maximize profit, calculate optimal output and price.

B. If their goal is to maximize revenue, what is optimal price and quantity?

Reference no: EM13976868

Questions Cloud

What is the difference between these two concepts : Shelly accepts Corelli's offer, assuming that the contract has met all of the requirements for a valid contract. The question is Corelli was a minor when he purchased the painting. Is the contract void? Is it voidable?
Discussing action research approaches to treatment : Ccountability and Action Research Paper - Discussing action research approaches to treatment and program evaluation
What is the difference between these two concepts : Shelly accepts Corelli's offer, assuming that the contract has met all of the requirements for a valid contract. The question is Corelli was a minor when he purchased the painting. Is the contract void? Is it voidable?
New rate by intervening in the foreign exchange market : Suppose that the U.S. government devalues the dollar by 10% and maintains the new rate by intervening in the foreign exchange market. The ________ of ________ will ________, ceteris paribus.
What is optimal price and quantity : If War Game wants to maximize profit, calculate optimal output and price. If their goal is to maximize revenue, what is optimal price and quantity?
An increase in government expenditures : An increase in government expenditures that ________ the budget deficit in an example of ________.
Historical data suggests that a trend toward : Historical data suggests that a trend toward ________ natural employment ________.
Which causes monetary policy to be particularly : With a vertical LM curve, an increase in the money supply can be matched by an equal increase in money demand only through ________, which causes monetary policy to be particularly ________.
What type of expenditures was initially crowded out : During the fiscal expansion associated with the Vietnam war, what type of expenditures was initially "crowded out?"

Reviews

Write a Review

Managerial Economics Questions & Answers

  1would auctioning broadcast licenses be more efficient than

1.would auctioning broadcast licenses be more efficient than having the federal communications commission fcc assign

  How the argument relates to concepts presented

They argue that free trade will increase total world output and make people of trading nations better off. Discuss how this argument relates to concepts presented in the chapter.

  Find profit-maximizing sales quantity and price

Assume the Kalamazoo Competition free Concrete's demand function is D=5,000-50P, its marginal cost is 40 dollar per cubic yard,

  Calculate expected profit and calculate expected utility

Calculate the expected profit and calculate the expected utility of profit and comparing the utility of $3,200 with the expected utility of the risky project, what should the manager do if the manager wishes maximize expected utility of profit? Exp..

  Context of competitive market what are the impacts on price

In the context of a competitive market, what are the impacts on price, quantity, and the outcomes for producers and consumers, of a shock to the marginal cost of production that hits one sector of suppliers?

  What is the probability that the net present value

What is the probability that the net present value of the project is negative? Find the standard deviation of the net present value of the project.

  .if the industry under perfect competition faces

1.If the industry under perfect competition faces a downward sloping demand curve, why does an individual firm face a horizontal demand curve?

  What lasting consequences did this decision hold

Outline the events that led to Marbury v. Madison. What lasting consequences did this decision hold? Was it a win for Federalists or Democratic-Republicans and why?

  Explain the implications for monetary policy

Explain why the Governor might be concerned about a slowdown in productivity growth and explain the implications for monetary policy due to this slowdown

  Number of managerial issues

You were recently hired as a MANAGER of a company that is facing a number of managerial issues and subsequently finding it difficult to make economic profit.

  Benefit to multiscreen theater of locating at shopping mall

A case study states that the concession stand accounts for well over half the profits at most theaters. Determine, what are the benefits of staggered movie times allowed through multiple screens?

  Increasing government expenditure

Criticism the use of increasing government expenditure as a means of reducing unemployment.

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