Elucidate the price also quantity

Assignment Help Business Economics
Reference no: EM138583

Q. Based on market research, a recording
company obtains the following information about the demand and production costs
profits new CD:
Price = 1,000 - 10Q
Total Revenue = 1,000Q - 10Q2
Marginal Revenue = 1,000-20Q
Marginal Cost = 100 + 10Q

where Q indicates the number of copies sold and P is the price in cents.

(a) Elucidate the price also quantity that maximizes the company's profit.

(b) Elucidate the price also quantity that would maximize social welfare/total surplus.

(c) Compute the deadweight loss from monopoly.

Reference no: EM138583

Questions Cloud

What would be the breakdown voltage : A 2.47 kg steel ball strikes a massive wall at 11.7 m/s at an angle of alpha = 67.2° with the plane of the wall. It bounces off with the same speed and angle. If the ball is in contact with the wall for 0.218 s, what is the magnitude of average force..
What would be the long term : Assume the price falls to $ 7.50. What think would be a short-run impact on the production of the company. What would be the long term.
Follow a no-haggling policy : Can you offer another reason why the New Jersey dealer might not have wished to follow a no-haggling policy.
How what hp moted would be necessary : A beam of 6 MeV electrons passes through a 400 micro-meter thick silicon detector. Estimate the energy lost by the electrons when crossing 200 micro-meters, 300 micro-meters and the full thickness of the detector.
Elucidate the price also quantity : Elucidate the price also quantity that maximizes the company's profit.
What potential difference must it be charged : A certain car battery with a 14.0 V emf has an initial charge of 195 A•h. Assuming that the potential across the terminals stays constant until the battery is completely discharged, for how long in hours can it deliver energy at the rate of 184 W.
Presumptuous the demand curves : Presumptuous the demand curves were linear or graphically demonstrate your reasoning.
Each rope can support a maximum sustained tension : An infinite non conducting sheet has a surface charge density σ = +5.80 pC/m2. (a) How much work is completed by electric field because of the sheet if a particle of charge q = +1.60 × 10-19 C is moved from the sheet to a point P at distance d = 3.56..
What is the tension in the rope : A certain car battery with a 12.0 V emf has an initial charge of 178 A•h. assume that the potential across the terminals stays constant until the battery is totally discharged, for how long in hours can it deliver energy at the rate of 115 W.

Reviews

Write a Review

Business Economics Questions & Answers

  Accomplish this change in the money

If it wants to accomplish this change in the money supply using open-market operations, what should it do.

  Variables that affected by proposed steps

Explain how each of the following variables will be affected by proposed steps that you have identified in the first part of the discussion: money supply, interest rates, inflation rate, aggregate demand, and output. Provide support for your respo..

  Tourism economics relating to passengers load factors

How an airline executive might use tourism economics relating to passengers load factors, ticket prices discounts, frequent flyers programs, joint fares, flight frequencies.

  Democratic republic of the congo

Democratic Republic of the Congo grows at a healthy 3% per capita, how long will it take Democratic Republic of the Congo to catch up with Luxembourg.

  Accounts receivable payments

A company's cash sales for the month are $200,000 and its accounts receivable payments for the month are $100,000. What is its total incoming cash flow.

  Active policy recommend government intervention

Why do proponents of active policy recommend government intervention to close an expansionary gap. Some economists argue that only unanticipated increases in the money.

  Firm pollutes a stream

Suppose a firm pollutes a stream that has a recreational value only when pollution is below a certain level. If transaction costs are low.

  Claims for unemployment

Suppose that only data on in action were published but not on claims for unemployment. What would be a reaction of the USD/EUR in that case.

  Electric power industry

The electric power industry is held up in the article as an example of a natural monopoly. Brainstorm other examples that can be readily identified in the present market economy.

  Neither borrows nor lends

If she neither borrows nor lends, which project has the higher present value at the interest rate 50%. Which has the higher present value at an interest rate of 5%.

  Describes the essential functions of banks

Brenda Johnson has used a preprinted form that she got from the internet to create her will.

  Gas-fired plants would minimize construction costs

what combination of coal-fired plants and gas-fired plants would minimize construction costs.

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!

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