The demand curve for a monopolist is qd

Reference no: EM13820772

Suppose the demand curve for a monopolist is QD = 500 - P, and the marginal revenue function is 500 - 2Q. The monopolist has a constant marginal and average total cost of $50 unit. a. Find the monopolist's profit maximizing output and price. b. Calculate the monopolistic profit. c. What is the Lerner Index for this industry?

Reference no: EM13820772

Questions Cloud

Explain how bovine spongiform encephalopathy occurs : Explain the four forces (i.e., bonds or interactions) that stabilize a protein's structure at the tertiary level. Explain how bovine spongiform encephalopathy (BSE) occurs at a molecular level

Key points of a relevant economic article : Identify at least four (4) key points of a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts covered in Weeks 1-8 (supply, demand, market structures, elasticity, costs of producti..

Discuss how you can apply a strategy in the classroom : Discuss how you can apply a strategy in the classroom or in a professional setting that incorporates and utilizes these three developmental skills.

Organizational theory in action-what kind of crisis : You are the top managers of a rapidly growing company that has been having great success in developing websites for large Fortune 500 companies. Currently, you employ over 150 highly skilled and qualified programmers, and to date you have operated wi..

The demand curve for a monopolist is qd : Suppose the demand curve for a monopolist is QD = 500 - P, and the marginal revenue function is 500 - 2Q. The monopolist has a constant marginal and average total cost of $50 unit. a. Find the monopolist's profit maximizing output and price. b. Calcu..

Producer of felt-tip pens has received a forecast of demand : A producer of felt-tip pens has received a forecast of demand of 31,000 pens for the coming month from its marketing department. Fixed costs of $25,000 per month are allocated to the felt-tip operation, and variable costs are 40 cents per pen.

Which activities have been most enjoyable to you and why : Which activities have been most enjoyable to you and why? Which knowledge or skills have you acquired that have been the most meaningful to you and why?

Determine the range of annual volume : A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the appliance from a vendor at $10 each or to produce them in-house. Either of two processes could be used for in-house production;

What was the result of the kenedy tax cut of 1964 : What was the result of the Kenedy tax cut of 1964? I believe it is that the unemployment rate decreased and the economic growth rate increased, yet I see sometimes where it states that unemployment increased

User Account

All Pages