Is the demand curve elastic-inelastic-unit elasticity

Assignment Help Other Subject
Reference no: EM13333726

Consider a monopolist, who faces the demand function Q(p)=1-p. The monopolists cost function is C(Q)= 1/128 + Q^2/2.

a) Is the demand curve elastic/inelastic/ unit elasticity?

b) Can p=1/4 be the monopolists optimal price. Explain the intuition behind your answer without solving the monopolists problem explicitly.

c) Find the marginal revenue and the marginal cost functions and show the graphically.

d)Find the monopolists price output, profit and the price-cost margin.

e) What are the consumer surplus, producer surplus and social welfare in the market

f) If the monopolists costs are given by C(Q)= F+Q/2, then what is the maximum value of the fixed costs F that keeps the monopolist in the market in the long run?

Reference no: EM13333726

Questions Cloud

Administrative powers of the internal revenue service : Summarize the administrative powers of the Internal Revenue Service (IRS), including the examination of tax records, the assessment and demand process, and collection procedures.
Solar system summary : For Mercury, Venus and Mars, Basic Properties-Mass, Diameter,Density,Rotation period. Describe any peculiarities associated with the object (example – Earth has life). These should be something for which the object ought to be known.
Determine the nonseparately computed income or loss : The profit and loss statement of Strategy, Inc., an S corporation, shows net profits of $101,000 (book income). The corporation has three equal shareholders. From supplemental data, you obtain the following information about some items that are inclu..
Explain the employee performance evaluation process : Explain the employee performance evaluation process, including its purpose, who should conduct the evaluation, and methods used. What methods of performance evaluation have you personally been exposed to? What recommendations for improvement do you h..
Is the demand curve elastic-inelastic-unit elasticity : Consider a monopolist, who faces the demand function Q(p)=1-p. The monopolists cost function is C(Q)= 1/128 + Q^2/2.
Define ethical or unethical nature of your business research : You will define the ethical or unethical nature of your Business Research. You will use the evaluation to evaluate your Business research Project
Relationship between vocal music and instrumental music : Describe how the relationship between vocal music and instrumental music changed during the Baroque period. What technological developments in music and musical instruments led to these changes?
What is the connection of melancholy and creativity : what is the connection of melancholy and creativity? what is the extended deffinition of these two words and how are they related to one another?
Maximum revenue to be generated for this configuration : Suppose product A sells for $125/unit, product B sells for $175/unit, and product C sells for $100/unit. And suppose that all products have a guaranteed buyer (i.e., no matter how many are produced it will be sold for the asking price), and that you ..

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

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