Question 6 A demand for the book is Q = 250 - 20p. The cost function...
Question 5 A demand for the book is Q = 250 - 20p. The cost function is c(Q) = Q?15. What is the level of output that will maximize the monopolist's profit?
If the demand function is Q=110-20p and the supply function is Q 30+30p, what are the equilibrium price and quantity? The equilibrium price is S per unit. (Enter your response rounded to two decimal places.) The equilibrium quantity is units. (Enter your response rounded to one decimal place.)
2. A publisher brings a new book on the market. The demand for the book is q 1000 20p where q denotes the quantity and p the price of the book. The publisher has to pay an initial cost of 200$ to be able to print the book, and the printing of each book costs 1$. (a) What is the total revenue of the publisher depending on the number of books sold? (b) What is the total cost of the...
POLUJOL LLLLS LL. 2. A publisher brings a new book on the market. The demand for the book! is q = 1000 - 20p where q denotes the quantity and p the price of the book. The publisher has to pay an initial cost of 200$ to be able to print the book, and the printing of each book costs 1$. (a) What is the total revenue of the publisher depending on the number of books sold? (b) What is...
Question 4Suppose that a price-searcher monopolist had a total cost function given by: TC 20+ 0.5Q +0.2Q. The demand Tries remaining: 2 Points out of 8.34Calculate the monopolist's producer surplus. P Flag question (Do not include a dollar sign in your response. Round to the nearest two decimals.) for the price searcher's product is given by: Q 100 -20P. Answer: Check
3. Calculate the point income elasticity of demand for the function. Q = 5000 – 20P+42Y –.0015Y2 For what values of Y will this be a normal good? For what values of Y will this be an inferior good?
Suppose a monopolist faces the following demand curve: P=250-Q Marginal cost of production is constant and equal to $10, there are no fixed costs What is the monopolist's profit-maximizing level of output?
Consider a monopolist facing the following inverse demand function: P = 200 - Q The total cost function is given by C = 100 + 50Q + 0.5Q^2 What is the monopolist's uniform profit-maximizing price? a. 130 b. 140 c. 150 d. 160
The aggregate demand for a product is Q = 400 – 20P. The product has a marginal cost of production equal to (1/16)*Q + 2, i.e. the inverse-supply curve is P=(1/16)*Q + 2. a) Calculate the static efficient market price and quantity for this product. b) Calculate the net benefits (economic surplus) associated with this allocation and draw a graph explaining the outcome.
1. Let demand be P(Q) = 6-Q. What is the price elasticity of demand at Q = 4? a. E = - b. E= - 2 C. E = -4 d. ε = -2 2. Suppose we have 3 types of households each with private demand for a public good (like flood protection) of P1(Q) = 5, P2(Q) = 10 - Q, and P3(Q) = 20 – 2Q. What is the social demand curve for the range Q < 10?...