User Account

All Pages

What price and quantity maximize total revenue

Assignment Help Microeconomics
Reference no: EM13337826

Alexander Machine Tools faces the demand curve P = $70 - 0.001Q. What price and quantity maximize total revenue? What is the price elasticity at this point?

Reference no: EM13337826

Questions Cloud

Explains difference between these two measures of center : A report on the assets of American households says that themedian net worth of households headed by someone younger than age35 is $11,600. The mean net worth of these same young households is$90,700.23 What explains the difference between these two m..
What is the maximum level of sales : The manager of the of the fresco shoe company determines that t months after initiating an advertising campaign, S(t)hundred pairs of sandals will be sold, w
The ring wraiths decide to head northwest : The nine Ring Wraiths want to fly from Barad-Dur to Rivendell. Rivendell is directly north of Barad-Dur. The Dark Tower reports that the wind is coming from the west at 53 miles per hour. In order to travel in a straight line, the Ring Wraiths decide..
Ow many people in work place will be infected atmost : This is a model of what happened in a office where a certainnumber of people work. One walked in with a highly contagious virusmaking people sneeze. the input value of t is measured in hoursafter 8 am on this day.
What price and quantity maximize total revenue : Alexander Machine Tools faces the demand curve P = $70 - 0.001Q. What price and quantity maximize total revenue? What is the price elasticity at this point?
What is the size of the labor force what is the official : Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor force..
What does the wto do that differentiates it from the section : In terms of trading bloc characteristics, how does the EU (European Nation) compare with the 50 States in the U.S. ?
Beer and pizza are complements because they are often enjoy : Beer and pizza are complements because they are often enjoyed together.When the price of beer rises, what happens to the supply, demand, quantity supplied, quantity demanded, and the price in the market for pizza
How much do consumers spend with incomes : How much do consumers spend with incomes of $6.75 trillion

Reviews

Write a Review

Microeconomics Questions & Answers

  Explain factor leading to rising health care costs in the us

What is the most important factor leading to rising health care costs in the United States since 1980? a)The increased use of expensive medical technology b)Teh aging U.S. Population

  Explain how cultural affect elements in the marketing mix

The world is shrinking rapidly with the advent of faster communication, transportation, and financial flows. the terms global industry and global firm are becoming more common. Explain how cultural differences

  Estimated demand function for one-month memberships

Interpret the estimated demand function for one-month memberships and calculate the point price elasticity of demand and point income elasticity of demand in Town D at the price charged last year.

  Are there economies of scope or scale

a critical analysis of the microeconomic and macroeconomic environment and challenges that the company faces. Include the company background, industry, and industry structure. What is the industry Financial Computer What is the industry structu..

  The two primary issues in international commerce

The two primary issues in international commerce are dumping and tariffs. Dumping is the international form of predatory pricing, prohibited by the WTO. Tariffs are taxes on imported goods, effectively increasing the price on these goods.

  Provide real-world examples of each type of merger

What are the differences among horizontal, vertical, and conglomerate mergers?

  Ratio of marginal product

You were recently hired to replace the manager of the Roller Division at a major conveyor manufacturing firm, despite the manager's strong external sales record.

  Evaluate the second partners advice not to move downtown

One of the partners favors moving downtown because she believes the additional business gained by moving downtown will exceed the higher rent at the downtown location plus the cost of making the move.

  Maximizing revenue-determining demand

Shoes For Less (SFL) hires you to estimate the demand for their shoes, and you estimate this to be: Describe  the difference in the results between your results and those of original consultant.

  What are the highest and lowest payments

What are the highest and lowest payments from the writer that the beekeeper-farmer team will accept for the sixth day?

  Is energy efficiency the same thing as economic efficiency

Is energy efficiency the same thing as economic efficiency and under what circumstances would the energy-efficient automobile described here be economical efficient?

  What is driving increases in spending on health care

Nobel Laureate Robert Fogel of the University of Chicago has argued, "Expenditures on healthcare are driven by demand, which is spurred by income and by advances in biotechnology that make health interventions increasingly effective." If Fogel is ..

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