Find the equation of dominant firm total revenue

Reference no: EM1369754

A market's total demand is given by P = 80-(z/2). This market is supplied by a "dominant firm" and by other, relatively "small firms". The small firms' total supply is given by P=4y. The dominant firm's total cost function is TC = (x^2)/20 + (17x/9) + 10, marginal cost function is MC = (x/10) + 17/9, marginal revenue curve is MR = (640-8x)/9

(a) Find the equation of the dominant firm's derived-demand function(p as a function of x)
(b) find the equation of the dominant firm's total revenue(TR)

Reference no: EM1369754

Questions Cloud

Comparative static analysis : Mr. Capon is a butcher who recently increased price of steak at his market from $1:50 pound to $2 a pound. Correspondingly his sales dropped from 200 pounds a day to 100 pounds a day.

Forecasting problem for tracking signals : Forecasting Problem for Tracking Signals - Discuss tracking signals for each and what the implications

Explain what are the most important factors a successful : Explain what are the most important factors to be taken into account for a successful M and A

Determine the forecasting problems : Predict average yearly speaker sales for Speakers and Company based on the regression results if the price was $300 per unit and the amount spent on advertising (in thousands) was $900.

Find the equation of dominant firm total revenue : A market total demand is given through P = 80-(z/2). This market is supplied by a dominant firm & by other, relatively "small firms". The small company total supply is given by P=4y.

Training and development case study : Write a minimum paper in which you develop a training program for this client and include the type of analysis that you may need to conduct to develop the program, the major components of the program, and how you might evaluate the program's effect..

Explain after six months she was unable to make payment : Explain After six months she was unable to make those payment and RBC filed suit against her under the original promissory note

Negative effects of politics on governmental leadership : Public Administration - What are the positive and negative effects of politics on governmental leadership? What is the effect of media on leaders in government?

Explain the promissory note she signed set out the interest : Explain The promissory note she signed set out the interest rates and terms of payment and Ellen was unable to make those payments a year later and re-negotiated the terms with RBC

User Account

All Pages