User Account

All Pages

Problem regarding the monopolistic market

Assignment Help Business Management
Reference no: EM131423687

Consider the market for scooters. Suppose it is a (single-price)monopolistic market. The market demand for scooters is given by the equation PD(Q) = 100-8Q.  The firm faces costs given by the total cost function TC(Q)=3Q² + 34Q +10 and marginal cost function MC(Q)=6Q+34.

(a) Draw the firm's problem. Your graph should include (ATC, MC, MR, D). 

(b) Calculate the profit maximizing quantity of this firm. Show it on your graph. 

(c) What profit does the firm earn? 

(d) Calculate the deadweight loss generated by this monopoly.

Reference no: EM131423687

Questions Cloud

How do you account for the appeal and spread of christianity : How do you account for the appeal and spread of Christianity and Islam?
What is the goal for collaborating with the leader : What is the goal for collaborating with the leader to interpret his or her learning needs? How will you help the leader evaluate his or her learning needs (or performance gaps) by applying the "use of self" framework
Comment on appropriateness of t procedures for given data : Given the coarseness of the rating, the owner of the Sir Beef-a-lot chain considers only a difference in the means of at least 0.25 units as meaningful.
Issues in the natural human world based on articulating : How does this reference for a journal article need to be changed to be properly formatted according to APA style - issues in the natural human world based on articulating one's identity in a global context.
Problem regarding the monopolistic market : Consider the market for scooters. Suppose it is a (single-price)monopolistic market. The market demand for scooters is given by the equation PD(Q) = 100-8Q.  The firm faces costs given by the total cost function TC(Q)=3Q² + 34Q +10 and marginal co..
Describe the checks and balances in the design process : What is included in the establishment of a "functional" baseline? "allocated" baseline? "product" baseline? Why is baseline management important?
Marginal revenue and marginal cost curves : Suppose that a monopoly faces a demand curve P=30-2Q and its marginal cost curve is MC=Q. (a) Plot the average revenue, marginal revenue and marginal cost curves for this monopoly.
Describe what is meant by artificial intelligence : Select a system of your choice (describing the tasks in design), and develop a flowchart showing the application of CAD (or equivalent) as it should be implemented.
Describe an important challenge facing management : Describe an important challenge facing management of health care organizations today. How would you go about addressing it

Reviews

Write a Review

Business Management Questions & Answers

  Good leadership in bioethics

Good Leadership in Bioethics - Bioethical issues involve many factors that go beyond normal business issues such as religion, morality, and personal views on life and death.

  Executive summary

The topic is employees These are the requirement steps that my teacher wants me to write a paragraph 1- Executive summary 2- Introduction

  What you have assimilated from material presented

Grading will reflect your reasoning and critical thinking skills, your ability to integrate what you have assimilated from material presented in the textbook and other learning materials, the clarity of your response and its appearance.

  Find the profit maximizing a two part tariff for verizon

Find the profit maximizing a two-part tariff for Verizon. How much does the best two-part tariff increase the profit over the profit maximizing the single price?

  Obstacles or barriers to implementing ebp in nursing

What are some of the obstacles or barriers to implementing EBP in nursing? Provide your rationale for your answer.

  Explain how can a governance system interfere

Explain How can a governance system interfere or diminish the ability to align managerial and shareholder strategic outcomes in the short term and in the long term?

  Explain the impact of culture on business practices

BUS 311 Cross Cultural Management Assignment. Explain the impact of culture on business practices in an international organization and evaluate the challenges of doing business in another culture

  Managerial position and seeks your advice

She has recently been promoted to a managerial position and seeks your advice. What would you tell her?

  Production planning and execution

How SAP system support the production planning and execution (PP) process and what is the role of each team in production planning and execution (PP) case study , explain how is it work?

  Organizational strategy - ge capitaldetermine the current

organizational strategy - ge capitaldetermine the current strategy of ge capital organization and apply theory to

  Linear optimization model used in industry

Find a current example of a linear optimization model used in your industry. Describe the industry's needs, including any unique factors, how the linear optimization model was used, and the problem or challenge it addressed. Would you suggest a di..

  Custom vs pre canned motivation program

Prepare a custom motivation program or purchase one offered by a consulting firm. What are the dilemmas the manager faces in selecting either of theses alternatives?

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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