HUULUHTETU The inverse demand curve a monopoly faces is p = 110 -20. The firm's cost...

Question

Question

Answer 1

Answer #1

Answer

P= 110 - 20 TR= PQ TR = (110 – 2012 _dᎢ Ꭱ . MR=10 = 110 – 40 TC = 50 +6Q CD DTC MR= do = 6 Let MC = MR 6= 110 – 40 40 = 104 Q

Profit =TR-TC TR= PQ TR = 58 * 26 = 1508 TC = 50+ 6(26) = 206 Profit = 1508 – 206 = 1302

Answer 2

Similar Homework Help Questions

The inverse demand curve a monopoly faces is p = 110 -20. The firm's cost curve...

The inverse demand curve a monopoly faces is p = 110 -20. The firm's cost curve is C(Q)= 10 +6Q What is the profit-maximizing solution? The profit-maximizing quantity is (Round your answer to two decimal places) The profit-maximizing price is $ (round your answer to two decimal places.)
The inverse demand curve a monopoly faces is p=20Q^−1/2. The firm's cost curve is C(Q)=4Q. What...

The inverse demand curve a monopoly faces is p=20Q^−1/2. The firm's cost curve is C(Q)=4Q. What is the profit-maximizing solution? (Round all numeric to two decimal places.) The profit-maximizing quantity is 6.25. The profit-maximizing price is $8. What is the firm's economic profit? The firm earns a profit of $_________ (Round your response to two decimal places.)
The inverse demand curve a monopoly faces is p equals 120 minus Upper Qp=120−Q. The firm's...

The inverse demand curve a monopoly faces is p equals 120 minus Upper Qp=120−Q. The firm's cost curve is Upper C left parenthesis Upper Q right parenthesis equals 40 plus 5 Upper QC(Q)=40+5Q. What is the profit-maximizing solution? The profit-maximizing quantity is (Round your answer to two decimal places.) The profit-maximizing price is (round your answer to two decimal places.) What is the firm's economic profit? The firm earns a profit of (round your answer to two decimal places.)

The inverse demand curve a monopoly faces is p= 120-20. The firm's cost curve is C(Q)=...

The inverse demand curve a monopoly faces is p= 120-20. The firm's cost curve is C(Q)= 30 +6Q. What is the profit-maximizing solution? The profit-maximizing quantity is . (Round your answer to two decimal places.) The profit-maximizing price is $ . (round your answer to two decimal places.)
The inverse demand curve a monopoly faces is p = 100-2Q. The firm's cost curve is...

The inverse demand curve a monopoly faces is p = 100-2Q. The firm's cost curve is C(Q)=30+6Q. What is the profit-maximizing solution? The profit-maximizing quantity is _____. (Round your answer to two decimal places.) The profit-maximizing price is $_____ (round your answer to two decimal places.)
also what is the firms economic profit? The inverse demand curve a monopoly faces is p=130...

also what is the firms economic profit? The inverse demand curve a monopoly faces is p=130 - Q. The firm's cost curve is C(Q) = 40 +5Q. What is the profit-maximizing solution? The profit-maximizing quantity is (Round your answer to two decimal places.) The profit-maximizing price is $ (round your answer to two decimal places.)

show all work please de verse demand curve a monopoly faces is p = 110 - Q. The firm's cost curve is C(Q) = 30 +5Q....

show all work please de verse demand curve a monopoly faces is p = 110 - Q. The firm's cost curve is C(Q) = 30 +5Q. What is the profit-maximizing solution? ine profit-maximizing quantity is 52.50 (Round your answer to two decimal proces The profit-maximizing price is $ 57.50 (round your answer to two decimal places.) What is the firm's economic profit? The firm earns a profit of $ 2726.25 (round your answer to two decimal places.) How does your...
% Text Question 1.10 The inverse demand curve a monopoly faces is p = 120 -...

% Text Question 1.10 The inverse demand curve a monopoly faces is p = 120 - 20. The firm's cost curve is C(Q)= 10 +6Q. What is the profit-maximizing solution? The profit-maximizing quantity is (Round your answer to two decimal places) The profit-maximizing price is $|| (round your answer to two decimal places.)
The inverse demand curve a monopoly faces is p equals 100 minus Upper Qp=100−Q. The firm's...

The inverse demand curve a monopoly faces is p equals 100 minus Upper Qp=100−Q. The firm's cost curve is Upper C left parenthesis Upper Q right parenthesis equals 50 plus 5 Upper QC(Q)=50+5Q. What is the profit-maximizing solution? The profit-maximizing quantity is (Round your answer to two decimal places.) The profit-maximizing price is (round your answer to two decimal places.)

You are the manager of a monopoly that faces an inverse demand curve P = 100...

You are the manager of a monopoly that faces an inverse demand curve P = 100 - 10Q and has constant average and marginal costs of $20 per unit. The government is considering legislation that would regulate your firm's price at $20 per unit. (a) What is the profit-maximizing quantity at the regulated price? Please show your calculations. (b) What is the profit (or loss) at the regulated price or quantity? Please show your calculations. (c) Can this firm continue...