Determine the monopoly price and monopoly quantity, Business Economics

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?

Posted Date: 3/28/2013 3:46:03 AM | Location : United States







Related Discussions:- Determine the monopoly price and monopoly quantity, Assignment Help, Ask Question on Determine the monopoly price and monopoly quantity, Get Answer, Expert's Help, Determine the monopoly price and monopoly quantity Discussions

Write discussion on Determine the monopoly price and monopoly quantity
Your posts are moderated
Related Questions
Is structural change a problem? Economies are dynamic and adapt to meet evolving consumer wants needs. This means resources are moved from use to use in response to, say, chan

#question.During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in t

1.) Calculate the beta for your corporation.  First you need to calculate the monthly return for your corporation for the recent 60-month period (use April 2006 through March 2011)

What is the Marshal Plan? Marshal Plan: The Marshal Plan noticed massive aid to post war Europe that led to quick recovery. That Marshal Aid helped but the accurate social

In June, Leslie wins a cash prize of $2,000. She plans to use this money to pay her tuition bill in September. Leslie puts this money in a savings a savings account because her mai



MBA Economics Assignment Question 1: Many analysts in both developed and developing worlds have heavily criticized the cases of monopolies. Discuss using relevant examples whether

Yanni works for Woolworths Limited (WOW) and owns 5,000 Woolworths shares that he received in lieu of a bonus five years ago. Woolworths has reported an NPAT of $1.294 billion and

what is increaase libralisation?