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1. A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. The total fixed costs for the implants division is 50000 and the marginal cost is given by MC=6000, so TC=50000+7000Q. Calculate the profit-maximizing quantity.
2. A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. The total fixed costs for the implants division is 50000 and the marginal cost is given by MC=7000, so TC=50000+7000Q. Calculate the profit-maximizing price.
When the iPad was introduced, Apple’s, Apples constant marginal cost of producing this iPad was about $220. We estimate that Apple’s inverse demand function for the iPad was P= 770 – 11Q, where Q is millions of iPad purchased. What were its profit ma..
consider a consumer with utility ux y radicxy . the consumer has 100 to spend and the price of x is 5 and the price of
1. suppose the interest rate for a one-period bond is 4.a what is the price of an asset paying 111whichmeans 1 after 1
Give one business example for increasing returns to scale and decreasing returns to scale respectively. How does this characteristic affect its business strategies? Justify your arguments.
sanaponic inc. will pay a dividend of 6 for each of the next 3 years 8 for each of the years 4-7 and 10 for the years
Two firms face the demand equation given by P=200,000 -6(Q1 + Q2) where Q1 and Q2 are the outputs of two firms. The total cost equations for two firms are given by: TC1 = 8000Q1 and TC2 = 8000Q2.
1 the great philosopher rogers once said that you need holding knowledge h folding knowledge f and economics knowledge
examine two 2 benefits of using planning techniques-such as writing program flowcharts pseudocode or other
1. with an economic perspective write a brief summary of the current event article- the washington postcoming soon to
Suppose there was a Bertrand duopoly. Each firm produces the product at constant average (and marginal) cost $10, and the demand for the product is given by Q = 5000 ? 100P If the Bertrand game is played in a single period, how much will each firm ch..
the second largest public utility in the nation is the sole provider of electricity in 32 counties of southern florida.
Find the Herfindahl index for the industry composed of a) three firms-one with the 70 percent of the market, and the other two with 20 and 10 percent of the market, respectively; b)one firm with a 50 percent share of the market and 10 other equalized..
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