Profit maximizing quantity and price

Assignment Help Business Management
Reference no: EM131287514

Consider a monopoly that faces a market demand curve given as Q = 100 - P. The marginal cost of production for the monopolist is MC = $10. The monopolist faces total costs given by the following equation: TC=10 +10Q .

1. Write the demand equation in term of Q.

2. Suppose the monopolist charges a single-price for its product. What is the profit maximizing quantity and price for this single-price monopolist?

3. Calculate the monopolist's total revenue (TR), total costs (TC) and total profits at this price

4. Suppose the monopolist charges two different prices: $80 and $55. How many units will the monopolist sell at P = $80? At P = $55?

5. What are the total revenue (TR), total costs (TC) and total profits when the monopolist practices price discrimination? Compare these profits with b.

6. In words, explain what happens to consumer surplus when a monopolist charges different prices to different consumers?

Reference no: EM131287514

Should companies automatically grant adjustments

Should companies automatically grant adjustments? For example, some consumers buy a video camera or a dress for a special event also returns the product afterwards. Illustra

Barra is appearing before the house energy

Barra is appearing before the House Energy and Commerce Committee. She apologized for the 13 deaths that GM says were caused by a faulty ignition switch, as well as for the 10

Find economies of scope

Find economies of scope. Provide examples of specific actions Harley-Davidson's managers could take to reduce expenses or share activities through horizontal relationship

How to assess country potential

How to assess country potential through an analysis of risks and opportunities. How to identify the best market entry strategy based on the business type and host country busi

Explain a brief summary of the project

Explain a brief summary of the project -If already completed, discuss whether or not the selected project has improved accounting standards.

Describe the debt policies wacc and valuation of traded firm

Describe the debt policies, WACC, and valuation of your chosen publicly traded firm. Use Rasmussen's Library to find related articles and include them in your reference sectio

What are their most critical inputs in each category

What are some ways Whole Foods identifies groups? For example, are there geographic groups (or divisions), functional groups, etc? What are the outputs of these groups? How

Adjoining state overview for comparison

If you were sitting on the President's council for probation and parole reform, what four (4) recommendations would you make to increase the success of probation and parole

Reviews

Write a Review

 
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