What price does this firm charge its customers

Assignment Help Business Economics

Reference no: EM131098495

A firm has $1,800,000 in sales, a Lerner index of 0.69, and a marginal cost of $35, and competes against 1000 other firms in its relevant market.

What price does this firm charge its customers?

By what Factor does this firm mark up its price over marginal cost?

Please show all work

Reference no: EM131098495

Questions Cloud

What caused the relation between the CEO and the stockholder : What is the R-square of the regression - Can you forecast (predict) what happens to the average price of a house if the number of bedrooms increases from 3 to 4 (keeping everything else constant)?

Total costs as function of input prices and output : Using the same production function as in question 4 {ie: q = (K^1/2 + L^1/2)^2} suppose that the firm is now operating in the long-run. Solve for the long-run cost function (i.e. total costs as a function of input prices and output).

Which of the following statements about a tariff is true : A tariff increases consumer surplus, decreases producer surplus, increases revenue to the government, and increases total surplus.

What are total costs-price revenues-profits for each firm : Two physical therapy firms want to merge. The price elasticity of demand for physical therapy is -.40. Firm A has a volume of 10,400, Fixed cost of $50,000 marginal cost of $20 and a market share of 8%. How does the merger affect markups and profits?..

What price does this firm charge its customers : A firm has $1,800,000 in sales, a Lerner index of 0.69, and a marginal cost of $35, and competes against 1000 other firms in its relevant market. What price does this firm charge its customers?

John kotter eight-step method : According to John Kotter's eight-step method for leading change, which of the following would be the next step taken by Harry?

Analyze importance of working collaboratively with diverse : In 500 words, analyze the importance of working collaboratively with diverse communities and constituencies (e.g., researchers, practitioners, agencies, and organizations) within the field of public health. Provide at least 2 examples.

Implementing a new performance analysis : Harry is a senior manager at Pine and Acorn Consultancy. He has been given the responsibility of introducing and implementing a new performance analysis system for Pine and Acorn's consultants.

Find the gdp deflator and nominal gdp : Angola economists are working on the country's figues. Find the (a) GDP deflator (b) Nominal GDP (c) Real GDP (d) what is the growth for Angolan GDP for 2013? If the 2013 price is $10, quantities = 50 million; While the year 2000, which is the base y..

User Account

All Pages