What is the maximum profit

Assignment Help Econometrics
Reference no: EM13188290

(Y) Dollars per unit 3.00, 4.50, 5.00, 6.00, 8.00
(X) Units per Period 5,000 - 8,000,

- WHAT IS THE MONOPOLIST'S PROFIT-MAXIMIZING OUTPUT?
- At the profit-maximizing output rate, what are the monopolist's average total cost and axerage revenue?
- at the profit maximizing output rate, what are the monopolist's total cost and total revenue?
- What is the maximum profit?

Reference no: EM13188290

Questions Cloud

What is the radius of the silo : nsists of a cylindrical main section and a hemispherical roof. If the total volume of the silo (including the part inside the roof section) is 16,000 ft3 and the cylindrical part is 30 ft tall, what is the radius of the silo?
Draw a graph showing the enrollment of the college : A community college had an enrollment of 3500 students in 2004. It is projected that the enrollment will increase by 250 students per year.
What is the book cost of the stainless steel pump : A pump has faild in a facility that will be completely replaced in 3 years. A brass pump costing $6000 installed will last 3 years. However, a used staniless steel pump that should last 3 more years has been sitting in the maintenance shope for a ..
Calculate the elasticity of supply for salt : Suppose that the price of salt rises from 15 cents to 17 cents a kilogram. The quantity demanded decreases from 525 kilograms to 475 kilograms per month, and the quantity supplied increases from 525 kilograms to 600 kilograms per month.
What is the maximum profit : (Y) Dollars per unit 3.00, 4.50, 5.00, 6.00, 8.00 (X) Units per Period 5,000 - 8,000, - WHAT IS THE MONOPOLIST'S PROFIT-MAXIMIZING OUTPUT - At the profit-maximizing output rate, what are the monopolist's average total cost and axerage revenue
Explain the grubbs test : Using the Grubbs test, decide wheter the value 216 would be rejected from the set of results 192, 216, 202, 195 and 204. G ( 95% confidence) : 1.463, 1.672, 1.822, 1.938, 2.032
What is evas marginal benefit : Eva runs a small bakery in the village of Roggerli. She is debating whether she should extend her hours of operation. Eva figures that her sales revenue will depend on the number of hours the bakery is open as shown in the table.
How can we solve an ordinary second-order : how can we solve an ordinary second-order non-homogeneous euler equation by laplace tansfomation?
Explain a blood urea nitrogen analysis : A trainee in a medical lab will be released to work on her own results agree with those of an experienced worker at the 95% confidence level

Reviews

Write a Review

Econometrics Questions & Answers

  Determine the marginal utility per dollar

Assume that an individual consumes two goods, X and Y. The total utility of each good is independent of the rate of consumption of the other good. The price of X and Y are $40 and $60 respectively. Use the following table of total u..

  Price that consumers pay and the quantity of cakes

The demand in the cake market is Qd =500 - 10p and unrestricted supply is Qs = 100 + 10p. Suppose the government imposes a baker's license that reduces cake supply to Q¢s =10p. Calculate the numerical values of the following:a. Price that cons..

  Will the future production possibilities curve for nation

Like Physical capital, human capital produced in the present can be applied to the production of future goods and services. consider the table in Problem, 2-11, and suppose that the nation's residents are trying to choose between combination C and..

  How the analyst could use the data to predict gross benefits

Predict gross benefits if admission is set at $1.00 and Dryville has marginal excess tax burden of 0.25. In answering this question, assume that the fees are used to reduce taxes that would otherwise have to be collected from the citizens of Dryvi..

  Determine how much the consumption of the good

Suppose the own rice elasticity of demand for good X is -2, its income elasticity is 3, its advertising elasticity is 4, and the cross-price elasticity of demand between it and good Y is -6. Determine how much the consumption of this good will cha..

  Calculate nominal gdp using the expenditure approach

Consider an economy that produces only two goods: fresh apricots and dried apricots. In this economy, the technology of producing dried apricots is to place fresh apricots on special racks and allow them to dry in the sun. Fannie's Farms is the on..

  Plot the levels and first differences of lnrgdp

Plot the levels and first differences of lnrgdp and lnrstockval and briefly comment on the graphs and obtain and comment on the variance decompositions for 24 periods ahead based on the original ordering of the variables.

  What is the highest rate the student can accept

A student wants to buy a car. The car's sticker price is $24,000. The student cannot afford the dealer's terms - 12% interest for 60 months, because the student only has a $500 monthly disposable income. What is the highest rate the studen..

  Calculate the price elasticity of demand?

The initial price of a cup of coffee at a local gas station on is $1, and at that price, 400 cups are demanded each day. If the price falls to $0.90 a cup, the quantity demanded will increase to 500 cups a day.

  Compute the geometric mean rate of return

The prices of five computer stocks increased by 37.2 percent, 1,140.0 percent, 2.7 percent, 842.0 percent and 0.95 percent, respectively since 1990.

  What is the fixed cost of production per month

Suppose a pizza parlor has the following production costs: $3.00 in labor per pizza, $1.oo in ingredients per pizza, $0.20 in electricity per pizza, $2000 in restaurant rent per month, and $450 in insurance per month. Assume the pizza parlor produ..

  Estimate the regression model

A security analyst specializing in stocks of motion picture industry the relation in number of movie theater tickets sold in December and the annual level of earnings in motion picture industry.

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!

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