User Account

All Pages

Demand and total cost equations

Assignment Help Business Management
Reference no: EM131415728

A firm in a oligopolistic industry has the following demand and total cost equations:

P= 600 - 20Q and TC= 700 + 160Q + 15Q2

Calculate:

Hint: Derivation is possible

a. Quantity at which profit is maximized.

b. Maximum profit.

c. Quantity at which revenue is maximized.

d. Maximum revenue.

e. Maximum quantity at which profit will be at least $580.

f. Maximum revenue at which profit will be at least $580.

Reference no: EM131415728

Questions Cloud

Multicollinearity problem with fitting a polynomial model : Show that the inherent multicollinearity problem with fitting a polynomial model is reduced when the coded values of p are used.
Describe what gross domestic product : Describe what gross domestic product is and how it is measured. There are several transactions that are excluded from measuring GDP such as financial transactions, second-hand goods, etc.
Project is routine once you have the client agreement : Closing a Project - Closing the project is routine once you have the client’s agreement that all deliverables have been met according to scope outlined in project contracts. Closing the project consist of six major steps. List and define each step. I..
Where your company should locate the center : A major hurricane has struck the area where your company ha its central data center. There are offsite backups and hardware at three other centers around the country.Assume that the area is suffering greatly from the hurricane's impact, and your c..
Demand and total cost equations : A firm in a oligopolistic industry has the following demand and total cost equations:
Describe how you observe and collect data on each behavior : Response Measurement: Describe how you will: (a) observe and collect data on each behavior, and (b) how the data will be summarized (i.e., calculated, graphed, etc.)
According to scope outlined in project contracts : Closing a Project - Closing the project is routine once you have the client’s agreement that all deliverables have been met according to scope outlined in project contracts. a. Closing the project consist of six major steps. b. List and define each s..
Critical control points in food and beverage management : What are Critical Control Points in Food and Beverage Management?
Explain the general trend and trends within two subsets : Choose, at least, three areas and explain the general trend and trends within two subsets of the area (i.e., security has subsets of physical, perimeter, monitoring) over the last three years. Use at least one figure from Google Trends showing a ..

Reviews

Write a Review

Business Management Questions & Answers

  Define who will comprise your management team

Define who will comprise your management team and what talents or skills each of the team members will bring to the organization.

  Derive the linear demand and supply equations

Suppose that the short-run world demand and supply elasticities for crude oil are -0.076 and 0.088, respectively. The current price per barrel is $30 and the short-run equilibrium quantity is 23.84 billion barrels per year. Derive the linear deman..

  Create an apa-style list of references

Using the online sources that your found for part 1, create an APA-style list of references and an MLA-style works-cited list from your collective online sources.

  Maximum profit earned by monopolist

A monopolist has a cost function C(Q) = 100 + 10Q + 2Q^2 and the inverse demand curve it faces is p= 90-2Q. this monopoly will maximize profit when it produces (?) units of output, by charging price (?) per unit. The maximum profit earned by this ..

  Examples of incremental cash flows

In doing Cost/Benefit analysis on a project, what are some examples of incremental cash flows?

  What is the purpose of having a two-tier system

What is the purpose of having a two-tier system of boards of directors in countries such as Germany?

  Process of change managementexplain the process of change

process of change managementexplain the process of change management and the importance of understanding the role that

  How to obtain a database of potential customers

Examine the methods and process of how to obtain a database of potential customers. Present an overview of the sales process from contract to closing

  Which scarce resources are allocated and distributed.

Information Politics: By "politics", we mean here the processes by which scarce resources are allocated and distributed.

  Why should feedback be an important part of any job

When might a group approach to job design be more appropriate than an individual approach? -  Why should feedback be an important part of any job enrichment program?

  How are american business letters different

How are American business letters different from those written in other countries?  - Why do you suppose this is so?

  Structure and stability of an institution

On the other hand, conflict can be seen as dysfunctional to the degree that it threatens the structure and stability of an institution and to the degree that it stifles creativity and change. Managed properly, conflict can cause people and the ins..

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