The locust corporation is composed of a marketing division and a production division. The marginal cost of producing a unit of the firm's product is $10 per unit, and the marginal cost of marketing it is $4 per unit. The demand curve for the firm's product is

P=100-0.01Q

Where P is the price per unit (in dollars) and Q is output (in Units). There is no external market for the good made by the production division.

a. What is the firm's optimal output?
b. What price should the firm charge?
c. How much should the production division charge the marketing division for each unit of the product?

A monopolist's demand function is given by
P = 80-3Q
(with MR = 80-6Q).
Its total cost function is
TC = 20Q + 200
(with MC = 20).
(i) Using algebra determine the profit maximizing output, priceandoptimal profit for the firm.
(ii) Suppose that instead of maximizing profit, the firm wants to maximize total revenue

Let a firm's demand be given by: Q=100-P. Let the firm's marginal cost be $2 per unit of production. Solve for the firm's marginal revenue equation andoptimaloutput/price combination. If the firm sets prices using Cost-Plus pricing what is the % markup over cost at the optimalprice you found above?

Need help with the problems in the attached document.
Book: ManagerialEconomics: Theory, Applications, and Cases, 7th edition. By Allen, Doherty, Weigelt, and Mansfield.

As manager of Citywide Racquet Club, you must determine the best price to charge for locker rentals. Assume that the (marginal) cost of providing lockers is 0.
The monthly demand for lockers is estimated to be: Q= 100-2P where P is the monthly rental priceand Q is the number of lockers rented per month.
a. What price wou

Supposing the demand for a gas station is given as PD = 2.06 - .00025QD. The marginal cost is $1.31 per gallon. At his current $1.69 price, he sells 1,500 gallons per week. Is this price-output combination optimal?

1. Use the "graph attached" What is the firm's Total Revenue at the profit maximizing level of output
32
0
16
8
14
Not enough information
2. Use the "graph attached" What is the firm"s Total Profits at the profit maximizing level of output?
0
32
16

You are the manager of a firm that produces products X and Y at zero cost. You know that different types of consumers value your two products differently, but you are unable to identify these consumers individually at the time of the sale. In particular, you know there are three types of consumers (1,000 of each type) with the f

Making dresses is a labor-intensive process. Indeed, the production function of a dressmaking firm is well described by the equation Q=L-L^2/800, where Q denotes the number of dresses per week and L is the number of labor hours per week. The firm's additional cost of hiring an extra hour of labor is about $20 per hour (wage plus