Calculate the monopolist profit

Assignment Help Macroeconomics
Reference no: EM13331477

Suppose the demand curve for a monopolist is QD=500-P and the marginal revenue function as MR=500- 2Q The monopolist has a constant marginal and average total cost of $50 per unit

a. find the monopolist's profit-maximizing output and prices.

b) calculate the monopolist's profit

Reference no: EM13331477

Questions Cloud

What was the rate of return on the investment : An investment of $5000 in Biotech common stock proved to be very profitable. At the end of 3 years the stock was sold for $25000. What was the rate of return on the investment?
Estimate the current in the resistor : The given pair of capacitors in the figure below is fully charged by a 10.0-V battery. After 1.20 ms, what is the current in the resistor
If hotel management decides to price-discriminate : If hotel management decides to price-discriminate in a manner that maximizes profit, what will be the marginal revenue in each of the market segments, A and B?
Calculate his income and substitution effects of a decrease : Lou's preference over pizza(x) and other goods(y) are given by U(x,y) = xy, with associate marginal utilities MUx=y and MUy=x. His income is $120.
Calculate the monopolist profit : Suppose the demand curve for a monopolist is QD=500-P and the marginal revenue function as MR=500- 2Q The monopolist has a constant marginal and average total cost of $50 per unit a. find the monopolist's profit-maximizing output and prices. b) calcu..
Leadership vs. management : Leadership vs. management
Explain the precipitate is then filtered from the solution : When 50.0 mL of a 0.3000 M AgNO3 solution is added to 50 mL of a solution of MgCl2, and AgCl precipitate forms immediately. The precipitate is then filtered from the solution, dried, and weighed.
Opportunity cost for attending college for 1 year : After graduating from HS, Ron plans to go to college. The college tuition is 15,000 a yr. But instead of going to college Ron can take a full time job that pays 20,000. If Ron decides to go to college, what is his opportunity cost for attending colle..
What alternatives did you consider : Give an example of how the Principle of Opportunity Cost applies to your life. Think of a recent decision you made. It could be a decision as simple as whether to eat out or cook your own dinner, or it could be a decision to quit your job and go back..

Reviews

Write a Review

 

Macroeconomics Questions & Answers

  Find out the total hours per week

The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours  Per week (Q T ) supplied to the market.

  What causes lower-productivity workers to not go to college

In the signaling model, assume high school graduates are paid a stream of income whose present value is $200,000. College graduates are paid a stream of income whose present value is X. College education costs higher-productivity wo..

  Elucidate why the mp-p relation is deficient

Elucidate why the MP/P relation is deficient as the sole mechanism for determining the optimal level of resource.

  Determining efficient level of labour

A medium sized bakery has just opened in Slovakia. A loaf of bread is currently selling for fourteen koruna over and above the cost of intermediate goods

  How much has the franc appreciated or depreciated against

Suppose the Value of the French Franc in terms of the dollar is 40 on October 12 and 45 on October 17. By how much has the Franc appreciated or depreciated against the dollar?

  Determine profit position of the firm

Arrow now sells 100,000 silk shirts at $100 each. The material per shirt expense $40 and labor costs are $50 a shirt. The company has $1.2m. In fixed costs.

  Computing aggregate demand and aggregate supply

Suppose there are 10 consumers in the industry. Each has the following demand: p = 10 - q-Calculate aggregate demand and aggregate supply in the market.

  Calculate the change in the level of real gdp demanded

Assume that government purchases decrease by $10 billion, with other factors held constant, including the price level. Calculate the change in the level of real GDP demanded for each of the following values of the MPC

  Alternative interpretation of ricardian equivalence

The consumption taxes the government collects in a given period are not restricted to be levied on consumption from only in that period.

  Now assume that an unusual shift of the gulf stream

Now assume that an unusual shift of the Gulf Stream leads to an unseasonably cold summer in Europe, destroying much of the grape harvest there.

  What is its profit maximizing condition if the market price

If the cost function for John's Shoe Repair is C(q) = 100+10q-q^2+(1/3)q^3, what is the firm's marginal cost function? What is its profit maximizing condition if the market price is p? What is its supply curve?

  Computing marginal and average product of labor

Suppose that a chair manufacturer is producing in the short run (with its existing plant and equipment). The manufacturer has observed the following levels of production corresponding to different numbers of workers:

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