What would be its equilibrium profit

Assignment Help Business Economics

Reference no: EM131097657

A monopolistic firm faces the following demand curve. Q = 8000 -10 P This monopoly's cost function has been estimated as follows: TC = 480,000 + 40 Q a. What price should this monopoly charge to maximize its profit? b. What would be its equilibrium profit? c. What price should it charge if it were to maximize its revenue? d. What would be its profit if it maximized its revenue? e. If this monopoly were to behave like a competitive firm, what price should it charge and what quantity should it produce? f. Would this monopolist still make an economic profit if it were to behave like a competitive firm? g. What is the break-even quantity of this monopoly?

Reference no: EM131097657

Questions Cloud

Provide a written summary of the swot results : You have now received information from several vendors. You have selected the two top vendors, and a summary of their information is provided at the end of these instructions. First, create a matrix to compare the vendors aligned with your organiz..

Evaluate for strength according to criteria for that type : Put the following arguments into standard form for their type and evaluate for strength according to the criteria for that type. Some reconstructions might involve adding premises. One third of the 4,800 species of frog are threatened with extinction..

Create own loop application : Create your own unique While-End or (For End) repetition C code. You decide the theme. Be sure to provide an overview of what your repetition structure is doing. Please keep the design simple for this exercise. Just a few lines of code is all that..

Remember to include a quote from the readings : This is just a prompt to help guide you with your writing; you do not need to answer all of these questions. If you want to write about a different aspect of the readings and the film, you can do so, but make sure that it pertains to the film and ..

What would be its equilibrium profit : A monopolistic firm faces the following demand curve. Q = 8000 -10 P This monopoly's cost function has been estimated as follows: TC = 480,000 + 40 Q. What price should this monopoly charge to maximize its profit?. What would be its equilibrium profi..

Relevant information on the university alumni : She wants the database to capture all relevant information on the university's alumni, including qualifications and work experience, and any donations they have made to the university.

Advice and consent to treaty negotiated : Assume you are a U.S. Senator. The Senate has been asked for its "advice and consent" to a treaty negotiated by the Executive Branch. The treaty would require every nation of the world to reduce its carbon emissions by 20% by the year 2035. Exactly h..

Give the response in false or true : 4. Which of the following statements about theme is false?

Write virtually any message on blank slate of human nature : A nativist would claim that the chief determining factor of behavior and other psychological traits - experience can write virtually any message on the blank slate of human nature.

User Account

All Pages