Marginal revenue function, etc., Microeconomics

Assignment Help:
Consider a market that is served by a single-price monopolist with marginal cost given by MC = $100 + Q. The market demand is given by P = $800 – 3Q. Determine the following: the firm''s marginal revenue function, its profit-maximizing quantity, its profit-maximizing price, and its profit.

Suppose this firm decided to sell the perfectly competitive quantity at the perfectly competitive price. Calculate these two figures.

Related Discussions:- Marginal revenue function, etc.

Market structures, #question.contrast the long run equilibrium position of ...

#question.contrast the long run equilibrium position of monopolistic competition firm and oligopoly.

Price mechanism, 1.what is price mechanism? 2.how does price mechanism bene...

1.what is price mechanism? 2.how does price mechanism benefit an echonomy. 3.what are the characteristics of a centrally planned economy?

PPC, WHAT IS PPC

WHAT IS PPC

Game Theory, Three People choose whether to contribute a fixed amount towar...

Three People choose whether to contribute a fixed amount toward the provision of a public good. This good is provided if and only if at least two of them contribute. If it is not p

Analyse the strengths and weaknesses of gdp, Analyse the strengths and weak...

Analyse the strengths and weaknesses of GDP as a measurement. Answer Strengths of GDP as a measurement 1) It helps in making international comparison among different

Types of regional development financing arrangements, Types of Regional dev...

Types of Regional development financing arrangements: Regional development financing arrangements have been of three basic types.  The oldest and best-developed type is mul

Markets, under which market structure does the banking sector fall?

under which market structure does the banking sector fall?

Define Co-ordination Number, What is Co-ordination Number? A Co-ordinatio...

What is Co-ordination Number? A Co-ordination Number is the total number of ligands which are attached to the central metal atom by co-ordinate bonds or number of atoms of a liga

Shares and slavery, Shares: Financial assets that represent ownership of a ...

Shares: Financial assets that represent ownership of a small proportion of total equity (or net wealth) of a corporation. Shares can be sold and bought on a stock market. Slaver

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