What is the profit maximizing price and level of output

Assignment Help Macroeconomics
Reference no: EM13338345

The Kinked demand curve in an oligoolistic market is represented by the following:

P = 100- Q and P = 120-2*Q

The oligopoly firms have constant marginal costs at MC = 40

What is the profit maximizing price and level of output?

Reference no: EM13338345

Questions Cloud

Which variables typically are negotiation points in an ldc : Which variables typically are negotiation points in an LDC multiyear restructuring agreement (MYRA)? How do changes in these variables provide benefits to the borrower and to the lender?
Porter 5 forces in the singapore port management : . Porter 5 Forces in the Singapore port management
How many years will it take the dollar purchasing power : How many years will it take the dollar's purchasing power to be one half what it is now. if the general inflation rate is expected to continue at rate of 6% for an indefinite period ?
Planning to make modifications to an existing application : You are planning to make modifications to an existing application.
What is the profit maximizing price and level of output : The Kinked demand curve in an oligoolistic market is represented by the following:P = 100- Q and P = 120-2*Q
Explain why trade liberalisation has the same effect on an : Explain why trade liberalisation has the same effect on an economy as an increase in the aggregate productivity of an economy (i.e. that the average output per worker increases).
What do monetarists think are the short-term effects and the : What do monetarists think are the short-term effects and the long-term effects of using discretionary monetary policy to smooth out economic fluctuations caused by the business cycle? What is their advice for controlling the money supply?
At what output and price will the firm maximize total : At what output and price will the firm maximize total revenue?
How do business markets differ from consumer markets : How do business markets differ from consumer markets?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Assume the rural wage employment can be obtained

Assume the rural wage is $1 per day. Urban modern sector employment can be obtained.

  Is this consumer maximizing his utility

A consumer is currently purchasing three pairs of jeans and five T-shirts per year. The price of jeans is $30, and T-shirts cost $10. At the current rate of consumption, the marginal utility of jeans is 60, and the marginal utility of T-shirts is 30...

  Compute the optimal pricing scheme of the iphone

Suppose that technophiles are willing to pay $400 now for the latest iPhone, but only $300 if they have to wait a year. Normal people are willing to pay $250, and their desire to purchase does not vary with time. Ignore the time value of money a..

  Calculate the markup percentage also target selling

Calculate the markup percentage also target selling price that will allow Bolus Computer Parts to earn its desired ROI of 25% on this new component.

  Rise in customers income will make increase in demanded

Rise in customers income will make increase in the quantity demanded.

  Regulating the taxi industry

Several cities regulate the taxi industry by licensing cabs. These licenses are often called medallions because they are issued in the form of a metal shield that must be affixed to hood of the cab,

  Assume the situations faced by the subsiquent individuals

Assume the situations faced by the subsiquent individuals. Who gains and who loses.

  Decrease in the number of stores accepting credit cards

The Federal Reserve was established in 1913 and is, therefore, a “creature of Congress.” The President of the United States nominates members of the Board of Governors of the Federal Reserve, subject to confirmation by the Senate. However, the Federa..

  Can information on number of workers employed on risk

Suppose a drop in the compensating wage differential between risky jobs and safe jobs has been observed. Two explanations have been put forward:  Engineering advances have made it less costly to create a safe working environment.

  Describe what would the benefits of each action be

As a policy maker concerned with correcting the effects of gases and particulates emitted by and local power plant, answer the following  What two policies could you use to reduce the total amount of emissions

  Elucidate assumption concerning economies of scale

Elucidate assumption concerning economies of scale will give rise to a determinant and optimal scale of the firm in Long run equilibrium in perfect competetion.

  By how much would government spending need to change

An economy is operating with output $400 billion below its natural rate, and fiscal policymakers want to close this recessionary gap. The central bank agrees to adjust the money supply to hold the interest rate constant, so there is no crowding ou..

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