User Account

All Pages

At what output and price will the firm maximize total

Assignment Help Macroeconomics
Reference no: EM13338342

Suppose a monopoly has the following demand and cost curves:

Q = 750 - 5P

TC = 2000 + 70Q

(a) At what output and price will the firm maximize total revenue?

(b) At what output and price will the firm maximize total profit?

Reference no: EM13338342

Questions Cloud

Planning to make modifications to an existing application : You are planning to make modifications to an existing application.
What is the profit maximizing price and level of output : The Kinked demand curve in an oligoolistic market is represented by the following:P = 100- Q and P = 120-2*Q
Explain why trade liberalisation has the same effect on an : Explain why trade liberalisation has the same effect on an economy as an increase in the aggregate productivity of an economy (i.e. that the average output per worker increases).
What do monetarists think are the short-term effects and the : What do monetarists think are the short-term effects and the long-term effects of using discretionary monetary policy to smooth out economic fluctuations caused by the business cycle? What is their advice for controlling the money supply?
At what output and price will the firm maximize total : At what output and price will the firm maximize total revenue?
How do business markets differ from consumer markets : How do business markets differ from consumer markets?
What are the evidence of the phillips curve : What is the policy credibility and how is it relevant to the problem of reducing high inflation? How is credibility related to the time inconsistency problem?
What is offshoring of white-collar service jobs : What is offshoring of white-collar service jobs, and how does it relate to international trade? Why has it recently increased? Why do you think more than half of all of the offshored jobs have gone to India?
Why do economist include only final goods : When measuring the GDP for a particular year, why do economist include only final goods? Why don't they include the value of stocks and bonds sold?

Reviews

Write a Review

Macroeconomics Questions & Answers

  What happens to the quanity of net exports

Suppose the French suddenly develop a strong taste for California wines. Answer the Following with words and a Diagram: a. What happens to the demand for dollars in the market for foreign-currency exchange

  What would be the future worth of st michaels

In the early 1980's, planners were examining alternate sites for a new London airport.The economic analysis included the value of structures that would need to be removed from various airport sites. At one potential site, the twelfth-century Norma..

  Question based on tax effects

Gus cab driver rents a cab and pays for gas. In each of following circumstances, describe the short-run effects & long-run effects on the price and quantity of rides Gus offers.

  Illustrate what factors led to the mortgage default crisis

Illustrate what factors led to the mortgage default crisis. How did mortgage defaults affect banks involved in mortgage lending and mortgage investing.

  Paying higher salary so people will be more motivated

What are the needs of big companies presently. Do you think it is paying higher salary so people will be more motivated.

  Fiscal policy and monetary policy

This is for the courseMacroeconomics using the book by Arnold, 8th edition. The problemis to fix inflaiton using:Fiscal policy and,Monetary policy with graphs. There are 5 graphs for each policy. Iwill rate anyone as lifesaver.

  Explain what type of market structure is the auto industry

Compare the automotive manufacturing industry today to the automotive manufacturing industry of the 1950's. Applying the economics of price and output, what is the difference between the industry of today and that of the 1950's.

  Capital structure decisions in perfect capital markets

In a perfect capital market, advices for  a corporate financial manager on making capital structure decisions.

  Unemployment is on the rise

The Federal Reserve may buy government securities in open market operations in order to increase the money supply and encourage economic growth?

  Impulse response function

An increase in TFP leads to an outwards shift in labor demand (recall this from our firm analysis unit), which, as long as the upward-sloping labor supply function does not shift, leads to an increase in the real wage.

  How could the price elasticity of demand for health care

The text argues that the greater the importance of an item in consumer budgets, the greater its elasticity. Health-care costs account for a relatively large share of household budgets. How could the price elasticity of demand for health care be suc..

  Suppose you tested svereral firestone tires also recorded

Suppose you tested svereral Firestone tires also recorded their failure times. Decided taht failures are normally distributed.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd