Determine the monopoly price and monopoly quantity, Business Economics

Assignment Help:

1. A monopolist faces the industry demand Q=400-0.5 p and has constant marginal costs of 8, with no fixed costs.

a) What is the monopoly price? What is the monopoly quantity?

b) Without solving mathematically, just using economic theory based on the solution in a), if price drops such that quantity increases from the one in a), by one very small amount, would total revenue be higher?


Related Discussions:- Determine the monopoly price and monopoly quantity

Statistics, difference b/w statistics in singular and plural sense

difference b/w statistics in singular and plural sense

Demand and supply, Star Petroleum and Moonlight Petroleum are retail petrol...

Star Petroleum and Moonlight Petroleum are retail petrol stations that compete in the local market to sell petrol to consumers. Star and Moonlight are located across the street fro

How did foreign debt arise, How did foreign debt arise? Evaluation: ...

How did foreign debt arise? Evaluation: Borrowing shows an injection of new resources in the domestic economy and also an opportunity for development. • When borrowed re

PRICE ELASTICITY DEMAND OF DOVE SOAP, PRICE ED OF DOVE SOAP IS GRATER THAN ...

PRICE ED OF DOVE SOAP IS GRATER THAN BATHING SOAP IN GENERAL.. GIVE REASON. AN WHAT U ANALYIS

BIA Plan, Select an organization and discuss what type of information shoul...

Select an organization and discuss what type of information should be protected in a BIA plan. How would you ensure protection of the confidentiality of such information and preven

Assignment, law of variable propotions

law of variable propotions

Intro to business, Marketing is impacted by influences outside the business...

Marketing is impacted by influences outside the business control that constrain the organizations ability to manipulate its marketing mix. These environmental included (a) competi

Calculate expected return, QUESTION 1 (a) Explain how CAPM provides a ...

QUESTION 1 (a) Explain how CAPM provides a framework for measuring the systematic risk of an individual security in a well-diversified portfolio, using the concept of security

Managerial economics, #question the importance of managerial economics..

#question the importance of managerial economics..

Pricing practices, what is the important or usefulness of pricing practices...

what is the important or usefulness of pricing practices to management

Write Your Message!

Captcha
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