Question

The demand function is Q = 260 - 0,5P. MC = 20 + 0,5Q. What profit...

The demand function is Q = 260 - 0,5P. MC = 20 + 0,5Q. What profit you can earn using perfect price discrimination? Round ALL numbers to integers (e.g. 21,2 = 21).
Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A monopoly firm have marginal cost MC=2. The demand is P=20-Q (a) If price discrimination is...
A monopoly firm have marginal cost MC=2. The demand is P=20-Q (a) If price discrimination is not allowed, how large is the PS? (b) If firm engages in first-degree price discrimination, how large is PS?
suppose that the demand for a monopolist's product is estimated to be q=50-P. This monopolist's total...
suppose that the demand for a monopolist's product is estimated to be q=50-P. This monopolist's total cost function is C=20Q and the marginal cost function is MC=20. Under the first price degree price discrimination the number of total units sold (Q), profit and consumer surplus are Solve for Q, profit and consumer surplus
Suppose the market demand function is Q = 120 – 2P, and the marginal cost (in...
Suppose the market demand function is Q = 120 – 2P, and the marginal cost (in dollars) of producing the product is MC = Q, where P is the price of the product and Q is the quantity demanded and/or supplied. How much would be supplied by a competitive market? (Hint: In a perfect competition, the profit maximization condition is MR=P=MC) Compute the consumer surplus and producer surplus. Show that the economic surplus is maximized.
Suppose a monopoly firm has the following Cost and Demand functions: TC=Q2 P=20-Q MC=2Q MR=20-2Q Carefully...
Suppose a monopoly firm has the following Cost and Demand functions: TC=Q2 P=20-Q MC=2Q MR=20-2Q Carefully explain what the firm is doing and why. Find the firm’s Profit maximizing Q Find the firm’s Profit maximizing P. Find the firm’s Profit. 2. Suppose because of an advertising campaign, which costs $150, the monopoly’s demand curve is: P=32-Q so its MR= 32-2Q Looking closely at the TC function and the demand curve, explain the effects of the advertising campaign on the equations...
Consider a total cost function of TC = 0.5Q^2 +10Q + 20 and the market demand...
Consider a total cost function of TC = 0.5Q^2 +10Q + 20 and the market demand function Q=70-p. a What is the profit-maximizing output and price for the perfect competition? Calculate its profit. b What is the profit-maximizing output and price for the monopolist? Calculate its profit. c What is the profit-maximizing output and price for the monopolist in the second market? Calculate its profit.
Hattori Hanzo, a monopolist with MC(Q) = 2Q, faces a demand curve of Q = 240...
Hattori Hanzo, a monopolist with MC(Q) = 2Q, faces a demand curve of Q = 240 - P. By how many whole units will he restrict production relative to the competitive outcome? Would price discrimination reduce or increase this gap in production? For full credit, briefly explain your answer.
The demand for product Q is given by Q = 136 -.4P and the total cost...
The demand for product Q is given by Q = 136 -.4P and the total cost of Q by: STC = 3000 + 40Q - 5Q^2 + 1/3Q^3 A. Find the price function and then the TR function. See Assignment 3 or 4 for an example. B. Write the MR and MC functions below. Remember: MR = dTR/dQ and MC = dSTC/dQ. See Assignment 5 for a review of derivatives. C.What positive value of Q will maximize total profit?  Remember, letting...
Demand function - Qd = 200-5(own price)+2(Alpha price)+2(Beta price). Cost Function = 200-20Q MC = $20...
Demand function - Qd = 200-5(own price)+2(Alpha price)+2(Beta price). Cost Function = 200-20Q MC = $20 What is the inverse demand function? Solve for MR = MC as well.
In a monopolistic market, given the demand function Q=120-5P, and the cost function is C=14Q. Find...
In a monopolistic market, given the demand function Q=120-5P, and the cost function is C=14Q. Find the monopolistic price, quantity and profit and MC=14, MR=24-2/5Q.
2. Suppose the demand function for a monopolist’s product is given by: Q = 80 –...
2. Suppose the demand function for a monopolist’s product is given by: Q = 80 – 5P (Total marks = 5) and the cost function is given by C = 30 + 2Q + 0.5Q2 A) What is the inverse demand function for this monopoly? B) Calculate the MC. C) Calculate the MR. D) Determine the profit-maximizing price. E) Determine the profit-maximizing quantity. F) How much profit will the monopolist make? G) What is the value of the consumer surplus...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT