Write down the total revenue function of the monopolist

Assignment Help Business Management
Reference no: EM131309518

1. The demand curve facing a monopolist is given by q(p)=10200-100p and its cost function is of the form c(q)=(q^2)/2.

(a) Write down the total revenue function of the monopolist.

(b) Write down the marginal revenue function.

(c) Calculate the equilibrium price and output of the monopolist.

(d) Calculate producer surplus in the market.

(e) Calculate consumer surplus.

(f) Calculate the deadweight loss due to monopoly.

Reference no: EM131309518

Questions Cloud

Exception to the law of demand : Explain the law of demand. Briefly discuss the exception to the law of demand.
How much kryptonite should be produced : Draw an industry supply curve that reflects the tax you determined in part (d). Show that private producers, forced to internalize their externality by the tax, produce the socially optimal amount.
Find the natural frequencies and mode shape vectors : Solve for the x,y components of displacement of each joint using one bar element for each link. Show all work involving the assembly of the load vector and characteristic matrix. Once the global characteristic matrix is assembled, you may use Matl..
Example of products or industries : Part 1: Give one example of products or industries that has external economies of scale and dynamic increasing returns. Explain why?
Write down the total revenue function of the monopolist : 1. The demand curve facing a monopolist is given by q(p)=10200-100p and its cost function is of the form c(q)=(q^2)/2. (a) Write down the total revenue function of the monopolist. (b) Write down the marginal revenue function.
Price discrimination of second degree : A monopolist has 2 sets of customers distinguished by their demand functions p1=15-p1 and p2=25-2(q2)respectively. The total cost function of the firm is of the form C(Q)=5+3Q , where Q=q1+q2
Determining the multiplant monopoly : (Multiplant Monopoly) Consider a monopoly that faces the demand curve P=120-3Q, where Q =q1+ q2 is the total output from the two plants operated by the firm. The two plants are characterized by the total cost functions TC(q1)=10q1+10(q1)^2 and TC(..
Explain the adapter pattern using the standard format : Explain the Adapter Pattern using the standard format. Explain the Scrum agile model with a diagram. Explain the four "organizational paradigms" for software engineering teams.
What is the market price : a) How much output does each firm choose in the Nash equilibrium? b) What is the market price? c) How much profit does each firm make?

Reviews

Write a Review

Business Management Questions & Answers

  Describing the essential tools and elements you would use

Prepare a paper describing the essential tools and/or elements you would use to combat resistance to organizational change. Be sure to address The role of shared diagnosis andimportance of mutual engagement.

  Motivational theories used by a health care manager

How can motivational theories be used by a health care manager to select the best potential solution for a given individual's needs?

  Create an executive summary that appears at the beginning

Create an Executive Summary that appears at the beginning of the project implementation plan

  Types of conflict management

Which one would be most likely associated with an experience you have encountered at work - Types of conflict management

  Try to focus on business examples

Research six types of misuse and abuse of statistics Study six links in "Survey misuse exercise" folder on Bb Find, criticize, and analyze a real-world misuse for each of six types Try to focus on business examples For each of the six misuses you ..

  Documents related to release of information processes

Assignment Purpose: The purpose of this assignment is to examine policies and documents related to release of information processes.

  Some companies use a performance measurement process based

some companies use a performance measurement process based on an employee reviewing their own performance. the

  Company strategies-performance and strategic direction

What corporate and global strategies does the company appear to be following? Explain in detail with examples for each choice.

  Venture capital case write-up instructionsimandatory

venture capital case write-up instructionsi.mandatory pre-case study reading1.1.venture deals2.term sheet negotiations

  Show the corporate image

How can CSR positively or negatively affect an organization's corporate image? What can organizations do through social responsibility to improve their corporate image?

  Interfaces between logistics and the core functional areas

Select a manufacturer that you are familiar with and assume that youare the logistics manager of this organization, analyse the interfaces between logistics and the core functional areas, its current order cycle

  Determine where the new resources are to be assigned

Revise the organizational chart to reflect the allocation of resources to be added. Review the organizational chart to determine where the new resources are to be assigned.

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!

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