What is the marginal revenue at the price computed in part

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Ajax Cleaning Products is a medium-sized firm operating in an industry dominated by one large firm- Tile King. Ajax produces a multiheaded tunnel wall scrubber that is similar to a model produced by Tile King. Ajax decides to charge the same price as Tile King to avoid the possibility of a price war. The price charged by Tile King is $ 20,000. Ajax has the following short-run cost curve. TC = 800,000 - 5,000Q + 100Q2 a) compute the marginal cost curve for Ajax. b) Given Ajax's pricing strategy, what is the marginal revenue function for Ajax? 4- Unique Creations holds a monopoly position in the production and sale of magnometers. The cost function facing Unique is estimated to be TC = $100,000+ 20Q a) what is the marginal cost for Unique? b) If the price elasticity of demand for Unique is currently -1.5, what price should Unique charge? c) what is the marginal revenue at the price computed in part (b)? pe your homework question here, such as "Help me understand this chemistry problem..."

Reference no: EM13245670

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