Can you please show the steps? Thank you. Questions 3-5 rely on the following information: Firm...
Can you please show the steps? Thank you.
Questions 3-5 rely on the following information: Firm B is a monopolist that faces market demand of Q=200-2P. Firm B’s total cost is given by TC(Q)=2Q^2+20Q=200.
3. What is Firm B’s profit maximizing output level (Q*)?
4. What is Firm B’s profit maximizing price (P*)?
5. How much profit is Firm B earning given this price and output level (from problems 3 and 4)?
Homework Answers
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Can you please show the steps? Thank you.
Questions 3-5 rely on the following information: Firm...
esions -3 Pely on the following information: Firm B is a monopolist that faces market demand...
esions -3 Pely on the following information: Firm B is a monopolist that faces market demand Q 200 -2P. Firm B's tota 3. What is Firm B's profit maximizing output level (2)? l cost is given by TC() 20 200 + 200. (Hint: Inverse demand is given by P 100-,so total revenue is TR marginal revenue is MR = 100-Q) 1000-9,sa 4. What is Firm B's profit maximizing price (P')? 5. How much profit is Firm B earning given this...
Please answer parts F, G, H, I. Thank you in advance MC=5 4. (51 points) The...
Please answer parts F, G, H, I.
Thank you in advance
MC=5 4. (51 points) The inverse demand function a monopoly faces is P = 100 – Q. The firm's cost curve is TC(Q) = 10 +5Q (a) (3 points) What is the monopolist's marginal revenue curve? TR=(P)(Q) TR=(100-Q)(Q) MR=100-2Q (b) (3 points) What is the monopolist’s marginal cost curve? (c) (3 points) What level of output maximizes the monopolist's profits? MR=MC -> 100-2Q=5 –> Q=47.5 Units (d) (4 points)...
Questions 7 - 9 use the following information: A monopolist faces inverse market demand of P...
Questions 7 - 9 use the following information: A monopolist faces inverse market demand of P = 230 – , and has Total Cost given by TC(Q) = 5Q2 + 10Q + 1000. 7. (20 points) Find this monopolist's profit maximizing output level. 8. Find this monopolist's profit maximizing price. 9. How much profit is this monopolist earning?
A monopolist faces inverse market demand of P = 140- TC(Q) = 20° + 10Q +...
A monopolist faces inverse market demand of P = 140- TC(Q) = 20° + 10Q + 200. and has Total Cost given by (20 points) Find this monopolist's profit maximizing output level. Find this monopolist's profit maximizing price How much profit is this monopolist earning?
Please help me break down the equation to get to the right solution. Thank you! 1....
Please help me break down the equation to get to the right solution. Thank you! 1. The total revenue and total cost function that faces firm A are: TR=10Q TC=100+5Q+0.02Q^2 (Note: Q^2 is q-suared) What is Firm's A marginal revenue (MR)? Select one: a. 20Q b. 10 c. 200Q d. 2Q 2. The total revenue and total cost function that faces firm A are: TR=10Q TC=100+5Q+0.02Q^2 (Note: Q^2 is q-suared) What is firm's A marginal cost (MC)? Select one: a....
Hello, could you solve Question3 - Part 3 (the third question) please, Thank you very much!...
Hello, could you solve
Question3 - Part 3 (the third question) please, Thank you very
much!
Question 3 A monopolist can produce at a constant average and marginal cost of ATC- MC demand demand curve given by Q-53-P. $5. It faces a market 1. Calculate the profit maximizing price and quantity for this monopolist. Also calculte its profits. 2. Suppose a secod firm enters the market. Let Q1 be the output of the first firm and Q2 be the output...
Questions 10-12 rely on the following prompt: Firm 1 and Firm 2 compete as Cournot duopolists,...
Questions 10-12 rely on the following prompt: Firm 1 and Firm 2 compete as Cournot duopolists, producing q1 and q2 units of output respectively, such that market output Q=q1+q2. They face market inverse demand of P = 400 − 2Q. Firm 1’s Total cost is given by TC1=2q1^2. Firm 2’s by TC2=2q2^2. 10. What is Firm 1’s equilibrium profit maximizing output level, q1*? 11. What is market output in the Cournot equilibrium for this market (so, what is the value...
A perfectly competitive firm can sell it's product for $240. The cost of producing the product...
A perfectly competitive firm can sell it's product for $240. The cost of producing the product is $1500 for fixed costs and 30 + 35q2 for variable costs. What is the profit maximizing quantity? What will be the profit for this product? 5. A monopolist faces the following demand and cost functions: Q = 900 - 3P TC = 250 + 100Q + 2Q? The nrofit maximizing price and quantity. What is the profit?
Please explain in details with step by step solution, Thank you very much ) Assume a...
Please explain in details with step by step solution, Thank you
very much
) Assume a monopolist faces a market demand curve P 100 - 2Q and has the short-run total cost function C 640+20Q. i) What is the profit-maximizing level of output? What is the profits? Graph the marginal revenue, marginal cost, and demand curves, and show the area that (7 Marks) In Question f (i), what would price and output be if the firm priced at socially represents...
4. (a) If a competitive industry faces an increase in demand, what are the steps by...
4. (a) If a competitive industry faces an increase in demand, what are the steps by which a competitive market ensures increased output? (b) Assume that a competitive firm's Total Cost of producing output q is given by TC(Q)-3 + 3q + q2 . Assume that the market price of the firm's product is e. What level of output will the firm produce? What is the firm's profit? Will the firm be earning a positive, negative, or zero profit in...
esions -3 Pely on the following information: Firm B is a monopolist that faces market demand Q 200 -2P. Firm B's tota 3. What is Firm B's profit maximizing output level (2)? l cost is given by TC() 20 200 + 200. (Hint: Inverse demand is given by P 100-,so total revenue is TR marginal revenue is MR = 100-Q) 1000-9,sa 4. What is Firm B's profit maximizing price (P')? 5. How much profit is Firm B earning given this...
Please answer parts F, G, H, I.
Thank you in advance
MC=5 4. (51 points) The inverse demand function a monopoly faces is P = 100 – Q. The firm's cost curve is TC(Q) = 10 +5Q (a) (3 points) What is the monopolist's marginal revenue curve? TR=(P)(Q) TR=(100-Q)(Q) MR=100-2Q (b) (3 points) What is the monopolist’s marginal cost curve? (c) (3 points) What level of output maximizes the monopolist's profits? MR=MC -> 100-2Q=5 –> Q=47.5 Units (d) (4 points)...
Questions 7 - 9 use the following information: A monopolist faces inverse market demand of P = 230 – , and has Total Cost given by TC(Q) = 5Q2 + 10Q + 1000. 7. (20 points) Find this monopolist's profit maximizing output level. 8. Find this monopolist's profit maximizing price. 9. How much profit is this monopolist earning?
A monopolist faces inverse market demand of P = 140- TC(Q) = 20° + 10Q + 200. and has Total Cost given by (20 points) Find this monopolist's profit maximizing output level. Find this monopolist's profit maximizing price How much profit is this monopolist earning?
Hello, could you solve
Question3 - Part 3 (the third question) please, Thank you very
much!
Question 3 A monopolist can produce at a constant average and marginal cost of ATC- MC demand demand curve given by Q-53-P. $5. It faces a market 1. Calculate the profit maximizing price and quantity for this monopolist. Also calculte its profits. 2. Suppose a secod firm enters the market. Let Q1 be the output of the first firm and Q2 be the output...
A perfectly competitive firm can sell it's product for $240. The cost of producing the product is $1500 for fixed costs and 30 + 35q2 for variable costs. What is the profit maximizing quantity? What will be the profit for this product? 5. A monopolist faces the following demand and cost functions: Q = 900 - 3P TC = 250 + 100Q + 2Q? The nrofit maximizing price and quantity. What is the profit?
Please explain in details with step by step solution, Thank you
very much
) Assume a monopolist faces a market demand curve P 100 - 2Q and has the short-run total cost function C 640+20Q. i) What is the profit-maximizing level of output? What is the profits? Graph the marginal revenue, marginal cost, and demand curves, and show the area that (7 Marks) In Question f (i), what would price and output be if the firm priced at socially represents...
4. (a) If a competitive industry faces an increase in demand, what are the steps by which a competitive market ensures increased output? (b) Assume that a competitive firm's Total Cost of producing output q is given by TC(Q)-3 + 3q + q2 . Assume that the market price of the firm's product is e. What level of output will the firm produce? What is the firm's profit? Will the firm be earning a positive, negative, or zero profit in...
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