User Account

All Pages

What is the quantity that maximizes profit

Assignment Help Business Economics
Reference no: EM132445081

A monopolist has demand and cost curves given by: Q = 1000 - 2P TC = 5,000 + 10*Q Find average cost (AC), average variable cost (AVC), marginal cost (MC), marginal revenue (MR).

a. What is the quantity that maximizes profit? What is the revenue and profit at that point?

b. What is the quantity that maximizes revenue? What is the revenue and profit at that point?

Reference no: EM132445081

Questions Cloud

How can you use what you have learned in future applications : How can you use what you have learned in future applications? Do you feel that Python provides a reasonable platform for learning computer science? Engineering?
What languages are used most often for web applications : There are many programming (and scripting) languages that are used to develop device operating systems and applications. (Note: Charts might be useful).
Differences between tax financing and bond financing : Summarize the differences between tax financing and bond financing, and, thinking like an economist and not a politician, explain the circumstances
Investigate the potential security issues : For this assignment, you will identify a computer system you have recently had experience with and prepare and attach a PowerPoint presentation (8-10 slides).
What is the quantity that maximizes profit : What is the quantity that maximizes profit? What is the revenue and profit at that point?
Describe the various security related components : Cyber-attacks have risen to unparalleled extremes. The impending threat and the way we create secure environments will change, or businesses will go under.
Disagree about the price to be charged for the book : Consider the preferred prices of the author and the publisher of an electronic book, whose marginal cost of production is close to zero.
What is the difference between compiletime and runtime : What is the difference between compiletime and runtime? Should these differences and definitions have an impact on what language you choose to write in? Why?
Computing the average variable cost : Should it stay in business in the short run? Should it stay in business in the long run? Show your work and explain your answers.

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