User Account

All Pages

Determine the profit maximizing price

Assignment Help Macroeconomics
Reference no: EM131163578

A monopolist's inverse demand function is -3Q. Your company produces output at two facilities; the marginal cost of producing at facility 1 is MC1(Q1)= 6(Q1). The marginal cost of producing at facility 2 is MC2(6Q2)= 2Q2.

(a) Provide the equation for the monopolist's marginal revenue function.

(b) Determine the profit maximizing level of output for each facility.

(c) Determine the profit maximizing price

Reference no: EM131163578

Questions Cloud

Fixed factor of production : A bakery produces bread. Its variable factor of production is labor and its fixed factor of production is the rent it pays on a building. The following table gives the amount of output that the company produces with a given number of employees.
What price maximizes net income from sales of the product : The unit cost is known to be $24. What price maximizes net income from sales of the product?- Determining an Optimal Price A firm's Marketing Department.
Explain the role of information systems in an organization : Briefly explain the role of information systems in an organization. Why is MIS one of the most important courses for a business student? List and briefly explain the five-component model of an information system. How can you use them
Derive an approximate formula for the time required : what capillary diameter D will result in a transit time t of 6 seconds?
Determine the profit maximizing price : A monopolist's inverse demand function is -3Q. Your company produces output at two facilities; the marginal cost of producing at facility 1 is MC1(Q1)= 6(Q1). The marginal cost of producing at facility 2 is MC2(6Q2)= 2Q2.
What are the key estimates used in capm : What are the key estimates used in CAPM? Why is this measure so harshly criticized? Do you agree with the critics? Why or why not?
Competitive markets changed the efficiency of these markets : Adam Smith, usually referred to as the father of economics, expounded the theory of free markets and opposed any form of concentration of economic power. Has government intervention into competitive markets changed the efficiency of these markets? Wh..
How do these two events affect the current equilibrium : How do these two events affect the current equilibrium? Use three diagrams to demonstrate the three possible scenarios:
What would be its profit maximizing price : If Global were to operate exclusively in its domestic market, what would be its profit maximizing price and its annual profit?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Calculate the expected net present value

Calculate the expected net present value of the project.

  Explain the different communication mediums

Many companies are using computer mediated communication for training and updating their employees. They must choose the most effective and efficient manner of communication. Effective and efficient may be defined as achieving the communication go..

  Determining the type of returns

Define what it means when a bond is callable. Provide two measures you can review to understand what type of returns to expect if the bond is called or if it is not called.

  1 what would happen to the amount of economic investment

1. what would happen to the amount of economic investment made today if firms expected the future returns to such

  Do such duopolists produce pareto efficient level of output

Consider two firms that act as Cournot competitors and face the inverse demand function p(.), where p'(Y1 + Y2) 0 i = 1,2.

  Leading competitors in the auto test equipment company

Tests are supervised by skilled mechanics utilizing equipment produced by two leading competitors in the auto test equipment company

  Derivation of the short-run market supply curve

In this respect, the long-run market supply curve differs from the short-run market supply curve, which, in a constant-cost industry, will equal the horizontal sum of individual firms' short-run supply curves. Why does the derivation of the long-r..

  Drawing the budget set of a consumer with income

If the government imposes a quantity tax on the consumption of a good, it means that the consumer has to pay for each unit of the good its price plus the tax.

  1nbsp below are six statementsnbsp indicate whether each

1nbsp below are six statements.nbsp indicate whether each one pertains to microeconomics mic or macroeconomics

  Internet presence improve information problems

How might a company's internet presence improve information problems? Can a company's internet presence worsen information problems? Give an example of a company that has an internet presence.

  Is the cellular carriers elasticity of demand elastic

There is a stretch of I-81 in Virginia where there is a single cellular carrier that has roaming charges for any cell phone calls made in its territory. It is the only cellular carrier in that territory, and it is confident that no other cellular ..

  Describe an effluent fee

A good which if supplied to one person is supplied to all and whose consumption by one individual does not prevent its consumption by another individual is known as:  a private good. a public good. an external good. an internal good.

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