User Account

All Pages

What level of output maximizes total revenue

Assignment Help Microeconomics
Reference no: EM132282245

A monopolist faces the following demand curves -marginal revenue curve, total cost curve and marginal cost curve for its products:

QQ = 200 -2P. MR = 100 - Q. TC = 50 MC = 5

A) What level of output maximizes total revenue?

B) What is the profit maximizing level of output?

C) What is the profit maximizing price?

D) How much profit doest the monopolist earn?

E) Suppose that a tax of $5 for each unit produced is imposed by e state government, what is the profit maximizing level of output?

F) Suuppose that a tax of $5 for each unit produced is imposed by the state government, what is the profit maximizing price?

G) Suppose a tax of $5 for each unit produced is imposed by the state government, how much profit does the monopolist earn?

Reference no: EM132282245

Questions Cloud

What is the maximum total output : Sue is going to hire her friend Kristen to help, who can bottle and sell 3 cases a week. What is the maximum total output of sue hires Kristen?
Compute the budgeted direct labor cost : Each unit requires 0.5 hours of direct labor. The direct labor rate is $14 per hour. Compute the budgeted direct labor cost for the first quarter budget
Explore and expose the core assumptions of the assertions : In module two, you revie ed several arguments whose purpose is to prove God's necessary and sufficient existence.
Find an article on the internet outline a security breach : Find an article on the internet outline a security breach or cyberattack. Provide a link to the article and suggest a control that would mitigate against.
What level of output maximizes total revenue : A monopolist faces the following demand curves -marginal revenue curve, total cost curve and marginal cost curve for its products:
Increase competition in a industry : If there is concern that a market is not sufficiently competitive, what can policymakers do to increase competition in a given industry?
Compute the total amount of direct materials in ounces : Flagstaff Company has budgeted production units of 8,000 for July and 8,200 for August. Compute the total amount of direct materials in ounces
Design an interactive learning resource : Design an interactive learning resource based on accepted learning theories and learning design approaches. A statement of who the learning resource is intended
Market behaviour of the market : The choice of utility function depends on consumer preference which then determines the market behaviour of the market.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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