Determine the Output and Price

Related BrainMass Solutions

• Managerial Economics: Calculating Maximum Profit and Revenue

  Using algebra determine the optimal output, price, profit and revenue for the firm. (i) Using algebra determine the profit maximizing output, price and optimal profit for the firm.

• Total cost

  If the above monopolist were to behave like a perfectly competitive firm (operating in the long run), determine its price and output Please see the following solutions.

• Price/Output Determination

  You can use output to determine price (as in part b) or price to determine output (as in part c). Thank you for using BraimMass.

• Determining Optimal Output level

  Solution describes the steps to find out price, output, profit per unit and ATC at optimal level of output for a monopolistically competitive firm. It also determines the price for a competitive firm in the long run.

• Identify some input and output measures to determine progress

  The expert identifies some input and output measures to determine progress.

• Determining Optimal Output Level - Problem

  =ATC=OB at this point The solution describes the steps to calculate profit maximizing output level and corresponding price for a monopolist.

• Breakeven analysis

  variable costs = 20.00 Project selling price = 30.00 (a) Determine the breakeven output and total sales revenues.

• Firm should produce in the short run or shut down

  53561 Short run costs/variable and total revenue 7) Each of the following situations could exist for a firm in the short run.

• degree of operating leverage

  Selling price per barrel of oil is $18 and variable costs per barrel are $10. (a) Determine the breakeven output (in dollars).

• Determining supply curves

  Calculate the quantity supplied by each firm at prices of $1, $1.50, and $2. What is the minimum price necessary for each individual firm to supply output? C. Determine the industry supply curve when P < $1.50. D.