total revenue maximization

Related BrainMass Solutions

• Profit maximization

  222346 Profit maximization analysis Profit Maximization Profit Maximization 1) Fill in the missing data for price (P), total revenue (TR), Marginal Revenue (MR), total cost (TC), Marginal

• Profit-maximizing output

  Total Revenue and Total Cost: Second, profit maximization can be identified by a comparison of total revenue and total cost. The quantity of output that achieves the greatest difference of total revenue over total cost is profit maximization.

• Calculating output, price, total revenue and total profit

  Let us calculate Total Cost at Q=520000 Total Cost=600000+63Q=600000+63*520000=33,360,000 Total Revenue=P*Q=65*520000=33,800,000 Profit=Total Revenue-Total Cost=33800000-33360000=$440,000 At Revenue maximization, Output=520000 units Price

• Firms with Market Power Pricing Strategies

  So the profit maximization quantity would be: 12-2Q = 3 => Q= 4.5 Under Strategy 1, Total Revenue with Q=5 Total Revenue = PxQ = 12x5 - 5^2 = 35 Total Cost = 5 + 5*2 = 15 Total Profit = 35 - 15 = 20 Under Strategy 2, Total Revenue with Q =

• Calculating the revenue maximizing price

  as found in part b) Total Revenue=P*Q=400*2500=$1,000,000 This solution determines the revenue maximization price in the given case.

• total profit functions

  Total Revenue from Retail outlets=Price*Quantity=(60-2Q1)*Q1 TR1=60Q1-2Q1^2 Total Revenue from Superior Company=Price*Quantity=(40-Q2)*Q2 TR2=40Q2-Q2^2 Total Cost, TC=10+8(Q1+Q2) Profit=Total Revenue-Total Cost =TR1+TR2-TC =

• Profit Maximization in short run under perfect competition

  That is, if the firm raised its level of production and sales by one unit, the additional revenue (MR1) would exceed the additional costs (MC1). Profit, which equals total revenue minus the total cost, would increase.

• Analyising Monopolist's demand and cost functions

  A monopolist will produce output to maximize profits in such a way that MC=MR Total cost =C=sq Marginal cost = MC=dC/dq=s Total Revenue = price*output Given q=p^-a Total revenue = p*q= For profit maximization

• Revenue and Profit Maximization Under Oligopoly

  P = 500 - 20Q = 250 total revenue = 250 X 12.5 = 3125. Revenue and Profit Maximization Under Oligopoly

• Statistics and Quantitative Analysis

  Given the following revenue and cost function for a business firm, calculate the break-even quantity, total revenue, total cost and total profit at break-even level of production.