Homework Answers
P1=18 Q1=0
P2=16 Q2=8
Equation of demand
P-P1=(P2-P1)/(Q2-1)(Q-Q1)
P-18=(16-18)/(8-0)(Q-0)
P=(-2/8)Q+18
P=18-0.25Q
TR=PQ
=(18-0.25Q)Q
=18Q-0.25Q2
dTR/dQ=18*1+0.5Q
MR=18-0.5Q
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The following table shows the demand curve facing a monopolist who produces at a constant marginal...
The following table shows the demand curve facing a monopolist who produces at a constant marginal...
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The following table shows the demand curve facing a monopolist who produces at a constant marginal...
The following table shows the demand curve facing a monopolist
who produces at a constant marginal cost of $8.00. Show all
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The following table shows the demand curve facing a monopolist who produces at a constant marginal...
The following table shows the demand curve facing a monopolist
who produces at a constant marginal cost of $8.00. Show all
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The following table shows the demand curve facing a monopolist
who produces at a constant marginal cost of $8.00. Show all
work.
What is the firm's profit? Profit equals $____________ What
would the equilibrium price and quantity be in a competitive
industry?
TR MR Price Quantity 180 16 14 8 12 12 10 16 20 6 24 4 28 2 32 0 36 8
The following table shows the demand curve facing a monopolist
who produces at a constant marginal cost of $8.00. Show all
work.
The firm's profit-maximizing output is ___________ & The
corresponding price is $___________________
TR MR Price Quantity 180 16 14 8 12 12 10 16 20 6 24 4 28 2 32 0 36 8
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who produces at a constant marginal cost of $8.00. Show all
work.
The competitive price would be $ _____________ & The
competitive quantity would be _____________
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