User Account

All Pages

What is the profit maximizing solution

Assignment Help Business Management
Reference no: EM131515564

1) If a monopolist's price as a function of quantity can be expressed as P= 100 - Q, and the firms' cost curve is 10 +5Q, what is the profit maximizing solution?

2) A monopoly's demand function is P = 120 - Q,; TR= 120Q - Q2 and; MR = 120 - 2Q . If MC is constant at 10 what would be the deadweight loss if the firm charges its profit maximizing price

3) Bowen is a manufacturer of golf carts in Minneapolis servicing Minnesota and several nearby states.  Over the past several years, a number of other golf cart companies have established operations in Bowen's market area, putting severe pressure on prices. Accordingly, Bowen is contemplating construction of a new production facility capable of producing up to 4000 golf carts/year.  Engineering cost estimates for the new production facility indicate that

TC = $4200 + 980Q +.003Q2  and

MC = 980 + .006Q

A) Calculate the minimum efficient scale of production for each manufacturer in this industry.

B) If market demand in Bowen's market area of operations is for 8000 carts/year,and if the market is competitive,  how many efficiently sized competitors are likely to emerge?

Reference no: EM131515564

Questions Cloud

Create a cost management plan for a helicopter production : Create a cost management plan for a helicopter production facility relocation
American consumer really getting fooled : In other words, 'is the American consumer really getting fooled in any of the market models listed above?'
How has the impact of media changed or remained the same : How has the impact of media changed or remained the same? How could these problems have been solved? No word limit.
Formulate a plan to relate the primary legal ramifications : Formulate a plan to relate the primary legal ramifications to the professional staff regarding ethical treatment of the hospital's HIV / AIDS patients.
What is the profit maximizing solution : If a monopolist's price as a function of quantity can be expressed as P= 100 - Q, and the firms' cost curve is 10 +5Q, what is the profit maximizing solution?
What is one of the greatest leadership challenges : What is one of the greatest leadership challenges you have ever faced? What did you do? What was the result? How would you describe your communication style
Tax price of educational spending : Suppose Lexington was spending $200,000 on education before the policy. What is the tax price of educational spending after the policy?
Discuss changes with regard to cost sharing : Identify trends with the level of benefits provided. Discuss changes with regard to cost sharing or increased employee premium amounts
Write a tentative thesis based on your chosen question : Write a tentative thesis based on your chosen question above. Your thesis lets the reader know what political issue you will tackle in the United States.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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