Under profit-maximizing equilibrium, which of the following will not be equal to the other three?
a) the marginal revenue product of input X.
b) The price of input X.
c) the marginal cost of input X.
d) the marginal product of input X.
e) all will be equal.
A firm produces output at a cost of: C = 50 + 20 X and sells it at a price of P = 220 - 4 X
1. Determine the profit maximizing equilibrium output, price and the total profit under two conditions:
1.1 A firm is a monopolist (15)
1.2 A firm under perfect competition (15)
See attached file for full problem description.
Given the following Demand & Supply functions:
Qd = 25 – P
Qs = 10 + 2P
a – What is the equilibrium values of P and Q?
Now suppose the demand function changes to:
Qd = 10,000 – 2P
If Total Cost function is:
TC = 5000 + 50Q
b - Find the Profit – maximizing Quantity and Price.
c – Find the firm’s profit
1. A profit-maximizing firm operating in a perfectly competitive market can sell products for $100 per unit. The firm has a cost function represented by:
C(Q) = 1000- 160Q + 10QSqr(10 q squared) . The market demand function for this product is Qd = 500 - 3P.
a.What is the profit maximizing output for this company?
b.Wh
A monopolist produces a single homogeneous good, which she sells in two distinct markets
between which price discrimination is possible. Her total cost function is:
TC = 1/3 Q3 - 7.5Q2 + 370Q + 100
The demand curves in the two markets are given by:
q1 = 80 - 0.2p1 and q2= Ap2-5
The monopolist achieves a pro
In a monopoly with a 50-50 chance of a demand curve of P=20-Q or P=40-Q and MC=Q, what is the profit maximizing price. Please show the steps to find either $5, 10, 15, or 20.
Please help me with the following:
5. Suppose that inverse demand is given by
D(Q) = 56 − 2Q, Q = q1 + q2
and the cost function is
TC(qi ) = 20qi + f
Find the Stackelberg equilibrium and compare it to the Cournot equilibrium.
6. Demand and costs are as given in the preceding question.
(a) Find the limit ou
A single firm operating as a monopolist wishes to determine the level of output to produce that will maximize sales revenue.
a Provide first order conditions for revenue maximization
b show graphically and provide an economic explanation for the equilibrium position.
c How does the profit maximizing equilibrium position dif
Please see the attached. I need assistance in determine the following:
1. How can I tell what the profit maximizing level of output is?
2. The average cost per unit for producing the output identified in
part A?
3. What is the firm's profit or loss?
4. Is the firm operating in the long run or in the Short
Firm PQR produces a product 'Alpha' under perfect competition market conditions. The cost function for the firm is:
TC = 1500 + 200Q + Q^2
The market supply and demand equations for the product 'Alpha' in the perfect competition market are:
QS = 40,000 + 60 P
QD = 80,000- 40 P
Based on the information given above, calcu
