The demand function is given as:
P = 100 - Q
The total revenue is equal to the product of price and quantity. So,
Total Revenue = PQ = 100Q - Q²
The marginal revenue is calculated by differentiating the total revenue function with respect to quantity:
Marginal Revenue = 100 - 2Q
The marginal revenue when Q = 10 is 100 - (2)(10) = 100 - 20 = 80.
So, the marginal revenue equals 80 when the quantity is 10.
Suppose that a firm's demand curve is given by P = 14 - 0.5Q What is the profit-maximizing quantity if total cost is TC = 3.Q?
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.)
Demand is given by Q(p) = 530-2p. What is the price elasticity of demand when p=100? p=200? Please show work
Suppose that the market demand curve for mineral water is given as Q=100−10P and marginal cost is fixed at $4. Find the equilibrium price and quantity in each type of different market structure. Show your calculation. A) Bertrand duopoly (MR is fixed at the level of MC). B) Perfect competitive market (MR is fixed at the level of MC).
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?
Suppose a monopolisti has a demand curve that can be expressed as P -19 minus Q. Turn on the police marginal revenue curve can be expressed as MR-90-2Q. The monopolist has constant marginal cost and average total cost of $10. Find the deadweight loss of a profit maximizing monopolist
Suppose that the market demand curve for mineral water is given as Q=100−10P and marginal cost is fixed at $4. Find the equilibrium price and quantity in each type of different market structure. Show your calculation. a) Monopoly b) Cournot duopoly c) Stackelberg duopoly d) Bertrand duopoly (MR is fixed at the level of MC). e) Perfect competitive market (MR is fixed at the level of MC).
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.)
Suppose the demand curve for a firm is Q=50 - 0.125P, where Q measures units of output and P is the price per unit. Complete the following: a.Derive the firm's marginal revenue curve. b. What is the value of marginal revenue at 10 units of output? c. Graph the firm's demand and marginal revenue curve.
Suppose that the market demand curve for mineral water is given as Q-100-10P and marginal cost is fixed at $4. Find the equilibrium price and quantity in each type of different market structure. Show your calculation (2 points for each subquestion). a) Monopoly b) Coumot duopoly c) Stackelberg duopoly d) Bertrand duopoly (MR is fixed at the level of MC). e) Perfect competitive market (MR is fixed at the level of MC)