monopolistic competition, Microeconomics

Assignment Help:
Lorie teaches singing.Herr fixed cost are $1000 a month,and it costs her $50 of labor to give one class.the table shows the demand schedule for lorie''s singing lessons.

Price quantity demanded
(dollars per lesson) (lessons per month)

0 250
50 200
100 150
150 100
200 50
250 0

Calculate Lorie''s profit-maximizing output, price, and economic profit.

Related Discussions:- monopolistic competition

Total cost function, TC = Q3 – 8Q2 + 68Q + 4, get the median and mode

TC = Q3 – 8Q2 + 68Q + 4, get the median and mode

Composite goods, what is the effect on the market for dvd players if the pr...

what is the effect on the market for dvd players if the price of dvd rises

Graphical methods - trend projection methods, A trend line can be fitted th...

A trend line can be fitted through a series graphically. Old values of sales for different areas are plotted on a graph and a free hand curve is drawn passing through as many point

How can create more accurate measurements of development, Why and how are e...

Why and how are economists attempting to create more accurate measurements of development? The why part is simply because of the complexities built-in to the concept of develop

Elasticity of Demand , Assume that a shoe salesman learned the price elasti...

Assume that a shoe salesman learned the price elasticity of demand for her products is -1.5. How many percent will increase in total sales (revenue) if she cuts the price by 10%?

Due diligence, Due Diligence The investigative procedure an investor s...

Due Diligence The investigative procedure an investor should conduct into the operations and business strategy assumptions of an organization soliciting investors.

Reasons for the existence of external economies of scale, Question : (a...

Question : (a) Using a simple example, diffrence between inter - industry trade and intra - industry trade? (b) Illustrate the reasons for the existence of external economie

Industrial & labour relations essay, I need to write an essay about industr...

I need to write an essay about industrial and labour relations ( at most 5 pages ) Deadline is in a month. I would like to know if your tutor can do that and how much it costs.

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