Find the profit maximization level of output and price

Assignment Help Business Economics

Reference no: EM13985959

The market demand curve for a monopolist is as follows: Q = 18000 – 400P Marginal cost of this firm is $ 20 and is constant.

a) Find the profit maximization level of output and price.

b) Find the revenue maximization price and quantity.

Reference no: EM13985959

Questions Cloud

Find the profit maximization level of output for both firms : There are only 2 firms in a market facing same demand curve as follows: The marginal cost of each firm are, respectively, Find the profit maximization level of output for both firms. Which firm is more vulnerable in case of aggressive price war betwe..

What is the speed of the muons in the laboratory : What is the speed of the muons in the laboratory? ((I know the answer to this is 2.98e8 m/s)). What is their kinetic energy?

Reason for government legislation of business : Regulations that arise to ensure that firms take responsibility for the social costs of their products or production processes stem from which reason for government legislation of business?

Long-run interests of the company : When companies make marketing decisions by considering consumers' wants and the long-run interests of the company, consumer, and the general population, they are practicing which of the following principles?

Find the profit maximization level of output and price : The market demand curve for a monopolist is as follows: Q = 18000 – 400P Marginal cost of this firm is $ 20 and is constant. Find the profit maximization level of output and price. Find the revenue maximization price and quantity.

Determine the shutdown quantity of this firm : Aramco Inc operates in a competitive market with the cost function as follows: TC = 100 + q3 – 12q2 + 60q. If the price per unit is $ 20, find equilibrium level of output. Determine the shutdown quantity of this firm.

Given the structure of the post project review : Given the structure of the post project review, what do you feel is the most important component? Explain why. What is its benefit to the overall risk process?

Case rules for producing at least cost and maximizing profit : For a given firm the MRPL = $50, and the MRPK = $100, while the PL = $10 and the PK = $20. What are the general case rules for producing at least cost and maximizing profits? Is the above firm maximizing profits? Why or why not? What (if anything) ca..

Joint venture to market a ready-to-drink : When Coca-Cola and Nestle formed a joint venture to market a ready-to-drink coffee and tea worldwide, the type of marketing system that was formed would best be described as being a(n):

User Account

All Pages