User Account

All Pages

What is the profit maximizing price and output

Assignment Help Macroeconomics
Reference no: EM131186129

Your firm, a monopolist has been given the following demand and cost functions: P = 100 - 2Q and C(Q) = 50 + Q2.

a. What is the profit maximizing price and output for this monopolist?

b. Use a graph to determine the mathematical solution shown in a).

c. Use the graph to show the monopolist profits and the deadweight loss to society.

d. Calculate the amount of deadweight loss to society.

Reference no: EM131186129

Questions Cloud

Determine which firm has the greatermarket power : Question 1: Find the equilibrium price and quantities for the case in which the two taxicompanies engage in Cournot (quantity) competition. What profits will Big Ben Taxisand Whitehall Taxis earn. Question 2: Using your answers to question 1, dete..
Analyse success or failure of applied project management : Analyse the success or failure of the applied project management framework, principles, processes and / or practices.
Against the idea of perfect competition : 1. The fast food industry is extremely competitive and in some cases close to perfect competition. Identify 2 fast food chains which you feel have almost identical products and pricing and identify the almost identical products that they both sell..
Individual unique lived experiences : How can governments effectively make choices to maximize public welfare given each individual's unique lived experiences?
What is the profit maximizing price and output : Your firm, a monopolist has been given the following demand and cost functions: P = 100 - 2Q and C(Q) = 50 + Q2. a. What is the profit maximizing price and output for this monopolist?
Draw a network security diagram to show an network : Draw a network security diagram to show an example network for Buy This Shoe. Make sure your network design has the following features, Clearly shows network zones (trusted, untrusted, DMZ) and Has both perimeter firewall and internal firewall
Create a new product that would appeal to your market : Develop at least one question for each characteristic of the target market (demographic, geographic, psychographic, and behavioral) that will be important for you as you determine the marketing strategy for this new product.
What is the firms profit-maximizing output : What is the firm's profit-maximizing output, Q∗? Mark it on the horizontal axison the graph. What price will the firm charge? Mark it on the vertical axis on the graph.
Find the acute angles between the curves at their points : (The angle between two curves is the angle between their tangent lines at the point of intersection. Give your answers in degrees, rounding to one decimal place. Enter your answers as a comma-separated list.)y = 7x2, y = 7x3

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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