subject
Business, 20.11.2020 03:50 EBeast9741

The following equations describes a monopolist's (who sells soccer balls in Durham arca) demand marginal revenue, total cost, and marginal cost: Demand : P = 10 - Q Marginal Revenue: MR = 10 - 20 Total Cost : TC = 3 + Q + 0.5Q ^ 2 Marginal Cost = 1 + Q Where Q is the quantity and P is the price measured in dollars Find out the profit- maximizing output of soccer balls. At what price they are sold? What is the monopolist's profit? (Hint: to figure out the profit you need to calculate the ATC, divided both sides of the given TC equation by Q to find the equation for ATC. Then plug in the Q and values you have calculated ).

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 01:30
Juwana was turned down for a car loan by a local credit union she thought her credit was good what should her first step be
Answers: 1
question
Business, 22.06.2019 16:20
Stosch company's balance sheet reported assets of $112,000, liabilities of $29,000 and common stock of $26,000 as of december 31, year 1. if retained earnings on the balance sheet as of december 31, year 2, amount to $74,000 and stosch paid a $28,000 dividend during year 2, then the amount of net income for year 2 was which of the following? a)$23,000 b) $35,000 c) $12,000 d)$42,000
Answers: 1
question
Business, 22.06.2019 19:00
For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?
Answers: 1
question
Business, 22.06.2019 19:10
Robin hood has hired you as his new strategic consultant to him successfully transform his social change enterprise. robin has told you that he counting on your strategic management knowledge to him and his merrymen achieve their goals. discuss in detail what you think should be robin’s two primary strategic goals and continue by also explaining your analytical reasons that support your recommendations.
Answers: 3
You know the right answer?
The following equations describes a monopolist's (who sells soccer balls in Durham arca) demand marg...
Questions
question
Chemistry, 11.03.2021 05:20
question
English, 11.03.2021 05:20
question
Mathematics, 11.03.2021 05:20
question
Mathematics, 11.03.2021 05:20
Questions on the website: 13722367