User Account

All Pages

What will be its profit-maximising price and output

Assignment Help Business Economics
Reference no: EM132593316

A monopoly firm has the following demand curve:

Q = 2,000 - 25P

where Q is its monthly output. Assuming its monthly short-run total cost is described by the function

STC = 500 + 8Q + 0.035Q2

Answer the following questions:

i. What will be its profit-maximising price and output?

ii. How much profit will it have at the preceding output?

Reference no: EM132593316

Questions Cloud

What are the optimal l and p : Knoebels Amusement park charges a lump-sum fee, L, to enter its Crystal Pool. It also charges p per trip down the slide on the pool
What is the price if a markup of forty percent : Demand is estimated to be 100,000 units annually. What is the price if a markup of 40% on total cost is used to determine the price?
Consequences of increasing interest rates on the us economy : Please discuss the consequences of increasing interest rates on the US economy, taking into consideration the global ramifications.
Real companies and hypothetical situations : You have reviewed many areas of law and various ethical frameworks and applied them to both real companies and hypothetical situations
What will be its profit-maximising price and output : i. What will be its profit-maximising price and output? ii. How much profit will it have at the preceding output?
How solve the profitability of chester company account : Calculate the profitability of the Chester Company account.Additional costs if order must be expedited (rushed) $8.00,Order processing cost per order $7
Deregulation of the airline industry in south africa : What market structure prevailed before deregulation of the airline industry in south Africa
The external environment of organization comprises : The external environment of an organization comprises of all the entities that exist outside its boundary but have significant influence on its growth
Describe the consumer equilibrium condition : Assume consumers have become more health conscious and now prefer fruit juice to cooldrink.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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