User Account

All Pages

What is the profit-maximizing output for the monopolist

Assignment Help Macroeconomics
Reference no: EM13333092

Consider a monopolist withe total cost function

TC(Q)=Q2/2+10Q+20

facing the market demand equation Q=70-P

a)What is the profit-maximizing output for the monopolist? Calculate its profit.

b) What is the socially optimal output and price for this firm?

Reference no: EM13333092

Questions Cloud

Compare windows operating system with mac os : Compare windows Operating system with mac OS. write advantages and disadvantages of both (400 words). 2. Briefly discuss the usage of the following Microsoft office software (800 words)
Determine what is the npv if the discount rate is given : Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $2,102,895.
The calcium hydride reacts with water to form hydrogen gas : Calcium hydride (CaH_2) reacts with water to form hydrogen gas. How many grams of CaH_2 are needed to generate 55.0 L of H_2 gas at a pressure of 0.995 atm and a temperature of 32 degrees Celsius
Software and marketing are currently out selling km solutio : Watch the KM Promo videos to get an idea of what software and marketing are currently out selling KM solutions
What is the profit-maximizing output for the monopolist : What is the profit-maximizing output for the monopolist? Calculate its profit.
Determine the pressure in the narrow section of the pipe : An incompressible fluid is flowing through a pipe with a constriction. The pipe is on an incline with an angle of 30.0 degrees. What is the pressure in the narrow section of the pipe
Write a program for a calculator : Write a program for a Calculator that can do two operations, + and -. This calculator should be able to add or subtract two numbers of any size. You may use Recursion if you want.
Development of assumptions and plans : Development of assumptions and plans about the factors influencing next year's budget in advance of the budget year starting and approval of the budget before the commencement of the budget year
Calculate book and market values of firms stockholder firm : Ez toy inc. lists fixed assets of $25 million on its balance sheet. The firm's fixed assets were recently appraised at $32 million. EZ toy inc's balance sheet also lists current assests at $10 million.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Calculate optimal supply

Competitive market prices are determined through interplay of aggregate supply and demand, individual firms have no control over price. Market demand reflects an aggregation of the quantities that customers will buy at every price.

  Explain how can federal government spending crowd

Explain how can federal government spending crowd out private sector investment and consumption.

  Explain what the profit maximization condition of a business

Explain What the profit maximization condition of a business. What is normal versus supernormal profits.

  Compute the monopolists optimal price and quantity

Compute the monopolist's optimal price and quantity under the assumption that the monopolist is a quantity setter, i.e. the monopolist chooses the quantity that maximizes its profits. We refer to this as the Cournot model of the monopolist's behav..

  What is the gdp growth rate

nGDP is $5 trillion in Yr 1 and $5.4 trillion one year later. What is the GDP growth rate? B) If rGDP in Yr 1 was also $5 trillion what can you say about Yr1? C) If rGDP grew 5% between Yr. 1 and Yr. 2 what did GDP prices do?

  Determine best targets for the fed

The Federal Reserve System [Fed] has a huge measure of political independence. The Board of Governors, appointed through the United States president and confirms by the United States Senate, serve fourteen year terms.

  The production possibilities curve below sho the hypothetic

The production possibilities curve below sho the hypothetical relationship between the production of food and clothing in an economy.

  Furthermore you knowthat the marginal propensity to save

Consider our standard formula for GDP: Y=C+I+G+X. Additionally note that consumption is given by: C = a+b(Y-T) where T= -20+0.2Y. You also know that : a=150 ; I = 500 ; G = 385 ; X = -7

  Calculating marginal sales per day

Tables John Walker is a regional sales representative for Jiffy Mowers Inc. and sells lawn mowers to stores in the Tri State area. Construct a table showing Walkers marginal sales per day in each state.

  Show supply and demand in the electronic dog feeder market

You have been hired by a new firm selling electronic dog feeders. Your client has asked you to gather some data on the supply and demand for the feeder, which is given below, and address several questions regarding the supply and demand for these ..

  Explain any other differences among selling the mobility

Explain any other differences among selling the mobility product in the United States and selling it in your three targeted countries.

  Should she quit her current job to become an entrepreneur

For the internet opportunity she anticipates costs for land labor and capitol of$ 3,250,000 per year as compared to revenues of $3,275,000 per year. Should she quit her current job to become an entrepreneur? If she does not quit her current job wh..

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