Given
Q=100-0.20p
0.20p=100-Q
p=500-5Q
TR=p×Q=(500-5Q)Q=500Q-5Q^2
MR=d/dQ=500-10Q
TC=10+50Q
MC=d/dQ=50
In monpoly
at maximizing MR=MC
500-10Q=50
500-50=10Q
10Q=450
Q=45
Profit Maximizing price P=500-10(45)=500-450=$50
Question 14 1 pts Monopoly Demand: Q 100 - 0.20P Cost: TC 10+ 50Q Solve for...
For a monopoly, the demand and cost functions are: Demand: Q = 100 - 0.20P Cost: TC = 10 + 60Q Solve for the profit-maximizing quantity (Q).
Demand: P= 120 - 0.5 Q Total Cost: TC= 1 Q 2 Part 1: Find the profit-Maximizing Q of the Monopoly Part 2: Find The profit-Maximizing price of the Monopoly Part 3: Find the Total Profit at the profit maximizing quantity Part 4: Find the amount of consumer surplus at the profit maximizing quantity Part 5: Find the deadweight loss at the profit maximizing quantity
Fill in the Table for a monopoly. Q P TR TC Profit MR MC 10 $20 $150 11 19 155 12 18 161 13 17 170 14 16 185 39 15 15 210 What is the highest profit possible? What is the profit maximizing level of output? What is the profit maximizing price? Draw the graph for a monopoly below, find the profit maximizing level of output Q*, the profit maximizing price P*, the average total cost ATC*, the profit...
Two duopoly firms each have a cost function: TC (Q) 600 Market Inverse Demand is: Po (Q)-824 0.6Q After the duopolists meet secretly and agree to evenly split the profit-maximizing output, Firm 1 decides to break the monopoly-splitting agreement and change its output to maximize its own profit. What will be the reduction in price for both firms to the nearest dollar? (Subtract the new price from the monopoly price] Two duopoly firms each have a cost function: TC (Q)...
Suppose that a firm's demand curve is given by P 14 0.5 Q What is the profit-maximizing price if total cost is TC 3.Q?
Question 15 1 pts In a monopoly market, where demand is described by the equation P = 100 – 2Q and marginal cost is represented by MC = Q,what is the profit-maximizing quantity for the monopolist? 33 44 20 None of the above.
Question 1 0.5 pts Is a monopoly with the following cost curve facing the following demand curve a natural monopoly? P(Q)=100-50 C(Q) = 8,000 + 10 Q2 Yes No Cannot be determined from the information provided Question 2 0.5 pts Is a monopoly with cost curve C(Q)=100+100 facing demand curve P(Q)=300-10Q a natural monopoly? Yes O No Cannot be determined from the information provided
Hi, Can anyone solve this question ? Exercise 2: Monopoly Assume a monopoly market with a demand curve of Q(p) = 10 – p and marginal cost, which are constant at 4. a) What is the profit-maximizing monopoly price and output? Illustrate your answer in a graph! b) What is the price elasticity at the monopoly price and output? What are the effects if a social planer regulates the price?
15. Assume TRO) 150+50Q 502 and TC(Q) 100 6Q Create a table in Excel showing TR(Q), MR(Q) , TC(Q), MC(Q), π(Q), and marginal profit, as Q goes from 0 to 10 in increments of1 b. Identify the level of Q that maximizes profit. c. At the level of Q that maximizes profit, what is the relation between MR and MC? d. At the level of Q that maximizes profit, what is marginal profit? e. Check your answer in part b...
(10 pts) A firm has the following relationship between output (Q) and total cost (TC): Q TC 0 $100 1 110 2 130 3 160 4 200 5 250 6 310 7 380 8 460 9 550 10 650 Say the firm is a perfect competitor. If the market price for its product is $ 80, at what output level will this firm produce at (as a profit maximizer)? At the output level in (a), are firms in this industry...