What price should the manufacturer charge to maximize profit

Assignment Help Microeconomics
Reference no: EM13690379

A manufacturer makes a single product at a cost of $5 each. The manufacturer computes that if each product sells for d dollars, (15 - d) products will be sold. What is the manufacturer's profit function? What price should the manufacturer charge to maximize profit?

Reference no: EM13690379

Questions Cloud

What is the annual interest rate for the two years period : Assume that a $100 at February 1, 2014 will worth $110 on January 31, 2015 and was $ 90 on January 31, 2013: Compute the interest rate for past and next year. Are they the same? What is the annual interest rate for the two years period?
Profit-maximizing levels of output in competitive firm : Distinguish between total and average fixed costs, Define and graph total variable cost, maginary cost, and average variable cost, Calculate total cost and explain the relationship between average total cost and marginal cost
How much will the government receive in tax revenue : Suppose the demand curve for pizza can be represented by the equation Qd=20-2p where Qd is the Quantity demanded and P the price. The supply curve is represented by the equation Qs=P-1 where Qs is the quantity supplied and P the price...
The major promotional strategies include : The major promotional strategies include which of the following? A. The producer using advertising, personal selling, and sales promotion to convince wholesalers and retailers to stock and sell merchandise
What price should the manufacturer charge to maximize profit : A manufacturer makes a single product at a cost of $5 each. The manufacturer computes that if each product sells for d dollars, (15 - d) products will be sold. What is the manufacturer's profit function? What price should the manufacturer charge to m..
Hawaii department of transportation has planned bypass loop : The Hawaii Department of Transportation has planned a bypass loop that is expected to cost $9,000,000 and save motorists $820,000 per year in gasoline and other automobile related expenses.
Gain or lose by the policies and activities of a business : People who stand to gain or lose by the policies and activities of a business whose concerns the business needs to address include which of the following?
Months of the amortization schedule in tabular format : Normal 0 false false false EN-US X-NONE X-NONE Sheila takes out a $20,000 ..

Reviews

Write a Review

Microeconomics Questions & Answers

  Graphing the events of labor market

Describe the effect of each of the following events on the market for labor in the computer manufacturing industry. Use graphs.

  Assuming clear vision can get economies of scale by being

john gardener is the city planner in a med size company. the city is considering a proposal to award an exclusive

  Imports attractive products for domestic sales

Write an introduction that states the purpose of the document; the name of the fictitious company, its location, and its import strategy; and a summary of the subjects that will be covered in the plan.

  Apple outsources production of iphones ipads and other

apple outsources production of iphones ipads and other electronic devices to contract manufacturer foxconn with 800000

  Job characteristics only explained about one-half of

a recent study of the determinants of wages for clerical staff at a state university found that years of schooling

  Does free trade contribute to the improvement of economic

Economists also use the principle of comparative advantage to advocate free trade among countries as a better policy. Trade is not based on absolute advantages countries have but the relative (comparative) advantage. 1. Does free trade contribu..

  Presume that scatter diagram with math grades

Presume that a scatter diagram with math grades on the y-axis and science grades on the x-axis shows a strongly positive relationship. From this graph we can state that

  What do you mean by the leontief paradox and explain how

1. define the leontief paradox and discuss how raymond vernons product cycle theory might help explain this paradox.2.

  Distinction between monopoly and oligopoly

Describe the difference between monopoly and oligopoly, the welfare effects of monopoly, cost advantages that create monopolies, government actions which create monopolies.

  Calculate the monthly consumer surplus

Calculate the monthly consumer surplus for each group before and after the rate increase. Your boss wants a measure of the losses to each group from the rate increase.

  How can that change increaseincrease the countrys well-being

Normal 0 false false false EN-US X-NONE X-NONE If a country exports agricu..

  Which will be the outcomes of the bargaining process

Which will be the outcomes of the bargaining process

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