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.)
Homework Answers
Ans) The profit-maximizing quantity is 23.5
The profit-maximizing price is $ 53
TR= PQ = 100Q - 2Q^2
MR = dTR /dQ = 100 - 4Q
MC = dTC /dQ = 6
At Profit maximization, MR = MC
100 - 4Q = 6 implies Q = 23.5
P = 100 - 2*23.5 = 53
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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= 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 = 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.)
% 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.)
HUULUHTETU The inverse demand curve a monopoly faces is p = 110 -20. The firm's cost...
HUULUHTETU The inverse demand curve a monopoly faces is p = 110 -20. The firm's cost curve is C(Q) = 50 + 60. What is the profit-maximizing solution? The profit-maximizing quantity is 26 (Round your answer to two decimal places.) The profit-maximizing price is $ 58 . (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 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.)
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.)
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.)
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.)
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...
24.If the inverse demand curve a monopoly faces is p = 100 - 2Q, and MC is constant at 16, then profit maximization...
24.If the inverse demand curve a monopoly faces is p = 100 - 2Q, and MC is constant at 16, then profit maximization is achieved when the monopoly sets price equal to A) 16. B) 21. C) 25. D) 58. 25. If the inverse demand curve a monopoly faces is p = 100 - 2Q, and MC is constant at 16, then maximum profit A) equals $336. B) equals $882. C) equals $1,218. D) cannot be determined solely from the...
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 = 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.)
% 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.)
HUULUHTETU The inverse demand curve a monopoly faces is p = 110 -20. The firm's cost curve is C(Q) = 50 + 60. What is the profit-maximizing solution? The profit-maximizing quantity is 26 (Round your answer to two decimal places.) The profit-maximizing price is $ 58 . (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.
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. 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...
24.If the inverse demand curve a monopoly faces is p = 100 - 2Q, and MC is constant at 16, then profit maximization is achieved when the monopoly sets price equal to A) 16. B) 21. C) 25. D) 58. 25. If the inverse demand curve a monopoly faces is p = 100 - 2Q, and MC is constant at 16, then maximum profit A) equals $336. B) equals $882. C) equals $1,218. D) cannot be determined solely from the...
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