What is the optimal price for the monopolist

Assignment Help Microeconomics
Reference no: EM133344141

Question: A monopoly market for a good has demand function Q=100-2P. The monopolist firm uses uniform pricing and has a constant marginal cost of 10. What is the optimal price for the monopolist?

Reference no: EM133344141

Questions Cloud

What the impact of poor data quality could mean : What the impact of poor data quality could mean, how the screen design impacts data quality, characteristics of data quality, and data entry methods.
Explain the necessary operational changes : Explain the necessary operational changes that would be required to transition to national health insurance in the United States
Describe problem or the disparity affecting the population : Investigate different social justice issues that interest you surrounding oral health or dental public health. Describe the problem or the disparity affecting
Concept of abnormality from a biblical perspective : Discuss the concept of "abnormality" from a Biblical perspective. What is considered "normal" and "abnormal" types of cognitions and behaviors?
What is the optimal price for the monopolist : The monopolist firm uses uniform pricing and has a constant marginal cost of 10. What is the optimal price for the monopolist
Explain how you engaged with your sources critically : Describe how the research assisted you in extracting information from your sources which you cited in your research paper. Explain how you engaged
Differences between primary-secondary and tertiary care : How would you define and describe thec? What is an example of each of these and why do they fall in these categories?
Discuss why accuracy in vital signs is important : Discuss why accuracy in vital signs is important. How will you obtain confidence when performing vitals? Why are patients concerned about vital measurements?
What are your thoughts about pre-exposure prophylaxis : What are your thoughts about pre-exposure prophylaxis (or PrEP) for patients with high-risk sexual behavior?

Reviews

Write a Review

Microeconomics Questions & Answers

  Define marginal benefit

College education provides higher income for the individual, but also a more productive and more educated person who will contribute to society in many ways. Carbon dioxide emissions are thought to contribute to global warming, and there is concer..

  Examine the current state of the economy

Examine the current state of the economy. What are your predictions for practice staffing and patient variations over the next year?

  Find the flaws in reasoning in the following statements

Find the flaws in reasoning in the following statements, pay- ing particular attention to the distinction between shifts of and movements along the supply and demand curves. Draw a diagram to illustrate what actually happens in each situation.

  Find the marginal rate of substitution

Larry is investing in the Martian stock market of the future. Suppose Larry has the Utility function U(R, s)=R-0.3s^2. In this case R is "return".

  Deduce equation for firms short-run total cost curve as

the production function is given by q lk. with w 1 and r 1.a. derive the equation for the firms long-run total cost

  What influence do consumers have on market structures

What influence do consumers have on market structures? What influence do producers have? Why? If necessary, complete additional research to support your ideas

  What is the probability of default implied by this price

There is a corporate bond that pays a 2% coupon (once a year at the end of the year) that is currently selling for $910 per $1000 in face value. What is the probability of default implied by this price if the recovery rate is 80%?

  Identify which methodologies and strategies will implement

Identify which methodologies and strategies you will implement to meet your goals. Provide rationale for why you did not select some of the other methodologies and strategies.

  What could motivate such a choice

the passengers on both boats chose not to pull the trigger (and of course everyone was rescued by Batman). What could motivate such a choice

  How inflation has affected your buying power

How inflation has affected your buying power.

  Calculate cournot prices and quantites

Suppose only one firm faces the same cost and demand structures. What are the monopoly quantinties Pm Qm PiM.

  Average growth rate of aggregate output for the economy

If from 1980 to 2005, the average growth rate of aggregate output for the economy of Groland was 4.5 percent, while over the same time, Groland's population grew an average of 2.0 percent per year, and then aggregate output per person grew at an aver..

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