User Account

All Pages

Madrigal electromotive gmbh buy advertising

Assignment Help Business Economics
Reference no: EM132170703

Madrigal Electromotive GmbH sells a unique chemical product. It has estimated its daily demand to be

P(Q) = 600 - 25Q

where P is the price charged per unit of the product, and Q is the number of units of the product demanded per day.

The company has estimated its total cost function to be:

TC(Q) = 1200 + 100Q

where Q is the number of units of the product produced per day. 

a) Determine the profit maximizing volume of production for Madrigal Electromotive GmbH. Answers may be expressed in either integer or non-integer values.

b) Using your solution above, compute the price that Madrigal Electromotive GmbH should charge for each unit of the product in order to maximize profit. 

c) Google Adwords will sell Madrigal Electromotive GmbH advertising at a daily cost of $3000 that will increase the demand for Madrigal Electromotive GmbH to P(Q) = 600 - 15Q. Should Madrigal Electromotive GmbH buy this advertising? Why or Why not?

Reference no: EM132170703

Questions Cloud

Contingent on the health conditions of citizens : Should healthcare insurance be available to all U.S. citizens on an equal basis (at the same rate) or should providers have the ability to offer different
Determining the investment spending : Explain how this change in taxes affects consumption, aggregate demand, and investment spending. With this in mind, should this be enacted?
Write a program with a data array that has data for company : Using JAVA: Write a program with a data array that has data for one company, one International Company, and one TerritoryCompany.
Write the code for a singly-linked list : Write the code for a singly-linked list that supports the following: (Please note which examples would be more/less efficient with an array implementation)
Madrigal electromotive gmbh buy advertising : Should Madrigal Electromotive GmbH buy this advertising? Why or Why not?
Write a program for the game towers of hanoi : Write a program for the game "Towers of Hanoi", using four pegs, which uses most minimum amount of comparisons to win.
Create and prompt the user for the name of should be : Create and prompt the user for the name of - should be called 'data.txt', and it should be created according to the instructions below.
Issue of contention among foreign : The value of the U.S. dollar relative to the value of other major currencies has always been an issue of contention among foreign exchange experts
Calculate the daily average distance walked by the user : Using Java, how can I use a loop that runs 7 times (using the final variable) to ask and get how many steps the user walks each day of the seven days.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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