Determine the monopoly price and monopoly quantity, Business Economics

Assignment Help:

1. A monopolist faces the industry demand Q=400-0.5 p and has constant marginal costs of 8, with no fixed costs.

a) What is the monopoly price? What is the monopoly quantity?

b) Without solving mathematically, just using economic theory based on the solution in a), if price drops such that quantity increases from the one in a), by one very small amount, would total revenue be higher?


Related Discussions:- Determine the monopoly price and monopoly quantity

Importance of non profit organisations, (a) Show the importance of Non Pro...

(a) Show the importance of Non Profit Organisations in Small Island Economies. (b) Show the importance of Foreign Direct Investment in Small Island Economies. Comment on th

Informal sector, Identify the features of informal sector in African countr...

Identify the features of informal sector in African countries

Pre and post transactions valuations, Talltree is considering a $12m series...

Talltree is considering a $12m series B investment in Newco for CP with $12m FV or converting to 5m shares of common. The other investors are the founders, who have 10m shares of c

Transactions and precautionary demand, 1.Classify each of the following as ...

1.Classify each of the following as related to the transactions demand, precautionary demand, or asset (speculative) demand for money. Explain: (a) Rodrigo keeps $200 in cash in

Placing countries together in the same grouping, What is the main danger in...

What is the main danger in placing countries together in the same grouping? It is useful to classify countries by groupings for identification of common problems and policy pu

How does resource enhancement improve development, How does resource enhanc...

How does resource enhancement improve development? Enhancements in the quantity and quality of resources increases productivity hence incomes. Enhanced management raises outpu

General agreement on tariffs and trade (gatt), General Agreement on T ...

General Agreement on T arif fs and Trade (GATT) A multilateral treaty, the basic goals of which are: (1) to liberalize and promote world trade via multilatera

Establish a network of contacts in the is organisation, Why is it significa...

Why is it significant for the project manager to establish a network of contacts in the IS organisation and also in the user organisation? In what conditions can these networks be

Inflation, how does the effect of inflation affect the spending ability of ...

how does the effect of inflation affect the spending ability of fixed income earners

Write Your Message!

Captcha
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