User Account

All Pages

What is the profit maximising level of output

Assignment Help Business Management
Reference no: EM133093380

Subject: Managerial Economics

A. The total cost function for a monopolist is given by TC = 44,000 + 180Q + 0.03Q2 and the demand function is P = 420 - 0.06Q per unit of output.

i. What is the profit maximising level of output?

ii. Calculate the profit maximizing price.

iii. Calculate total profit at the profit maximising level of output.

B. If in question A it were a perfectly competitive firm instead of a monopolist, what would be the equilibrium price and quantity?

C. The total cost function for a perfectly competitive firm is estimated to be TC = 96 + 18Q - 8Q2 + 0.125Q3. The price of each device is $25.

i. Should the owner close the outlet? Explain!

D. Given the information in the table about the demand for a certain product estimate:

Quantity Price

221 19

302 10

i. the demand function

ii. the demand curve

iii. the revenue maximizing quantity

iv. the revenue maximizing price

Reference no: EM133093380

Questions Cloud

Explain concept of sustainable competitive advantage : Identify the ways in which the corporate center may facilitate synergy among its SBUs. Explain the concept of "sustainable competitive advantage."
Active and reactive indicators and safety audits : How can an organisation measure health and safety performance taking into account active and reactive indicators and safety audits?
Positive influence on board dynamics : Firms need to cultivate engaged and committed boards of directors. And there are several actions that can have a positive influence on board dynamics as the boa
Statements affect the strategic management process : How do vision and mission statements affect the strategic management process? Select an example of strong vision and mission statements and include them here.
What is the profit maximising level of output : A. The total cost function for a monopolist is given by TC = 44,000 + 180Q + 0.03Q2 and the demand function is P = 420 - 0.06Q per unit of output.
What makes tik tok popular : What Makes Tik Tok popular? Analyze the popularity of trending Tik Tok tracks? How many data sets do tik Tok have?
Analyze the role of geography and firm performance : 1. Analyze the role of geography and firm performance: physical features of the region, transportation networks, climate, demographics, development indicators a
Practice negative social skills : 1. Situation One: You order a coffee at Starbucks, or a drink and shop of your choice. You place your order in a demanding way.
Project funding requirements and project cost baseline : Discuss a few project management tools you may use for estimating project funding requirements and the project cost baseline.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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