subject
Business, 07.10.2021 09:40 aahneise02

Suppose the demand and Total Cost for a monopolist’s product is given by P = 100 – 7Q; TC = 20 + 20Q + 2Q2 a. Find the monopolist’s profit maximizing P and Q, and profit. b. Show that the second order condition is satisfied. Show that at equilibrium the slope of the MR curve is less than the slope of the MC curve c. Compute the elasticity of demand at the equilibrium. Briefly explain why demand is elastic? d. Compute the Revenue maximizing Q. What is the P at this Quantity? e. What is the elasticity of demand? Briefly explain why?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 02:30
Ds unlimited has the following transactions during august. august 6 purchases 58 handheld game devices on account from gamegirl, inc., for $140 each, terms 2/10, n/60. august 7 pays $340 to sure shipping for freight charges associated with the august 6 purchase. august 10 returns to gamegirl three game devices that were defective. august 14 pays the full amount due to gamegirl. august 23 sells 38 game devices purchased on august 6 for $160 each to customers on account. the total cost of the 38 game devices sold is $5,448.51. required: record the transactions of ds unlimited, assuming the company uses a perpetual inventory system. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your answers to 2 decimal places.)
Answers: 2
question
Business, 22.06.2019 04:50
Neveready flashlights inc. needs $317,000 to take a cash discount of 3/15, net 70. a banker will loan the money for 55 days at an interest cost of $13,200. a. what is the effective rate on the bank loan? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. how much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 70 days instead of 15 days? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) c. should the firm borrow the money to take the discount? no yes d. if the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $317,000? e-1. what would be the effective interest rate in part d if the interest charge for 55 days were $7,200?
Answers: 3
question
Business, 22.06.2019 06:00
List three careers that require knowledge of science. list three careers that require the use of of math. list three careers that require the use of foreign language. list three careers that require the use of good writing skills. list three careers that require the use of good computer skills.
Answers: 3
question
Business, 22.06.2019 09:30
The 39 percent and 38 percent tax rates both represent what is called a tax "bubble." suppose the government wanted to lower the upper threshold of the 39 percent marginal tax bracket from $335,000 to $208,000. what would the new 39 percent bubble rate have to be? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places,e.g., 32.16.)
Answers: 3
You know the right answer?
Suppose the demand and Total Cost for a monopolist’s product is given by P = 100 – 7Q; TC = 20 + 20Q...
Questions
question
Mathematics, 25.11.2021 05:20
question
Physics, 25.11.2021 05:20
Questions on the website: 13722367