User Account

All Pages

Profit maximizing level of output

Assignment Help Macroeconomics
Reference no: EM131086724

A monopolist produces a single good from the utilization of two plants, plant 1 and plant2. It faces an inverse demand curve of: P = 1100 -2Q, where Q is total quantityproduced, thus Q = q1+ q2. q1= quantity produced in plant 1 and q2= quantity producedin plant two. Plant 1 is an older plant and has a marginal cost of production equal to10q1. Plant 2 is newer and its marginal cost of production is 5q2. How much should thismonopolist produce in total and how much will each plant be producing at the profit maximizing level of output?

Reference no: EM131086724

Questions Cloud

Business for expansion or new ventures : There are two types of capital that can be discussed, financial and investment. Investment capital would include such things as equipment and machinery that allows for production of goods and services. We will focus on the financial part for this ..
Impact on the organizations budget : Average length of stay and its impact on the organizations budget - Outline to the discussion area so that other students are able to review your plan.
Message evaluation techniques-online evaluation : Evaluation of any process is the analysis of ongoing activity to determine the effectiveness and efficiency. The Integrated Marketing communication (IMC) can be evaluated through:
Find, in scientific notation with appropriate rounding : Suppose your hair grows at the rate of 1/32 inch per day. Find the rate at which it grows in nanometers per second. Since the distance between atoms in a molecule is on the order of 0.1 nm, your answer suggests how rapidly atoms are assembled in t..
Profit maximizing level of output : How much should thismonopolist produce in total and how much will each plant be producing at the profit maximizing level of output?
Process of selling businesses or services : What is the process of selling businesses or services operated by the government to individual investors, and then allowing them to compete in the marketplace?
Describe the organization and comment on the hr : Describe the organization and comment on the HR change that the organization should make. Utilize effective diagnostic tools to assess the organizations ability to change. Support assertions with theoretical evidence
Marginal revenue and marginal cost : However, after the cost of the acts, he still loses money on the weekends. What is his marginal revenue and marginal cost of a patron on weekends and how should he attempt to fix his unprofitability problem?
Profit-maximizing output for bartech : Bartech, Inc. is a firm operating in a competitive market. The manager of Bartech forecasts product price to be $28 in 2015. Bartech's average variable cost function is estimated to be

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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