Follow-Up Question Regarding Solving for Price and Quantity
For monopoly set the price when MC=MR
For calculating MR first write the equation for total revenue (TR)
TR=P*Q = (800-5Q)*Q --------(1)
Differentiate (1) w.r.t. Q to get MR
MR=dTR/dQ = 800 - 10Q----------(2)
MC = 15Q
Equate MC and MR, we get Q = 32
Put this in equation for P to calculate P, P=640
The above response was very helpful, however I am still having trouble figuring out the precise method used for solving for Q. What is the formula used to equate MC and MR?
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Solution Summary
The solution assists with solving the price and quantity.
Hewlett-Packard Case Study
2. Case Study Analysis
Based on the attached PDF file see the Hewlett-Packard-Supplying the DeskJet Printer in Europe case study located at the end of the attached file,Prepare a 1,050- to 1,400-word analysis pertaining to the selected (HP)company in which you address the following:
a. Summarize the case.
b. Determine which of the four primary forecasting techniques is the best choice for the company, and justify your selection.
c. Explain the impact of aggregate planning on workforce size inventory quantity and production levels for the company.
d. Weigh the various cost factors associated with carrying inventory.
e. Explain how the concepts discussed in the case can be applied to your workplace.
f. Make recommendations for the organization based on your experience and reading
I would like to ask for your help in this case study in order for me to write my own paper perfectly.
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