Determining Profit Maximizing Price

Related BrainMass Solutions

• profit-maximizing output rule

  56306 profit-maximizing output rule Need help in determining the following microeconomics problem. (See attached file for full problem description) --- Profit-Maximizing Output Level Consider a firm under Perfect Competition.

• Lerner Index: Finding Monopolist's Profit Maximizing Output

  Lerner Index=(Price-Marginal Cost)/Price=(275-50)/275=0.82 This solution describes the steps for determining monopolist's profit maximizing output and price with calculations. It also explains the steps for calculating Lerner Index for the industry.

• Determining Optimal Output level

  Solution: Assuming that the firm in the attachment is a profit maximizing operating in the short run, determine its optimal price Determine the firm's profit per unit in the attachment A profit maximizing firm sets its output such that MR=MC

• Profit maximizing level of output

  75890 Profit maximizing level of output... Illustrate and explain how the profit maximizing level of output is determined when markets are characterized by imperfect competition.

• What is the inverse demand function and profit maximizing price and level of production for a monopolistically competitive firm?

  maximizing price is 6 and production is 8.

• Profit maximizing pricing

  The price at which he can sell this level of output is the profit maximizing price. 2.

• 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.

• Determining Profit Maximizing Quantity

  583516 Determining Profit Maximizing Quantity Your family operates a car wash. There are many other car washes around.

• Analyising Monopolist's demand and cost functions

  So, keep MR at the same level, q has to increase i.e. profit maximization output will increase. Solution describes the steps for determining profit maximizing output and elasticity of demand.

• Determining Profit Maximizing output level

  At a stage, market price will be equal to minimum of average total cost and economic profits will be zero. Solution describes the steps for determining profit maximizing output level for a given firm.