A monopolist faces an inverse demand function given by P 120 Q, and has costs of C Q 2 What is the profit maximize price under this situation

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 12, 2024

A monopolist faces an inverse demand function given by P = 120 - Q, and has costs of C = Q 2 . What is

A monopolist faces an inverse demand function given by P = 120 - Q, and has costs of C = Q². What is the profit maximize price under this situation?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

1st Edition

978-0132109994, 0132109999

More Books

Students also viewed these Economics questions

Question

★★★★★

A company is planning to purchase 90 800 units of a particular item in the year ahead. The item is purchased in boxes, each containing 10 units of the item, at a price of 200 per box. A safety stock...

Answered: 1 week ago

Question

★★★★★

On January 31, 2014, Kuhl Logistics, Inc., issued 10-year, 5% bonds payable with a face value of $8,000,000. The bonds were issued at 93 and pay interest on January 31 and July 31. Kuhl Logistics,...

Answered: 1 week ago

Question

★★★★★

Using the four scatterplots given in Figure 8.34 with correlations 0.89, 0.61, 0.49, and 0.59, determine which of the scatterplots (a) suggest a positive linear relationship. (b) suggest a negative...

Answered: 1 week ago

Question

★★★★★

Coco Investments, LLC, and other investors participated in a condominium conversion project to be managed by Zamir Manager River Terrace, LLC. The participants entered into a new LLC agreement for...

Answered: 1 week ago

Question

★★★★★

Growth Company's current share price is $20.05 and it is expected to pay a $1.30 dividend per share next year. After that, the firm's dividends are expected to grow at a rate of 4.3% per year. a....

Answered: 1 week ago

Question

★★★★★

On 3/31/19, you buy $100,000 face amount of a new issue treasury note with a 2.70% coupon at par. The notes mature on 3/31/29. Bear in mind that treasury notes, and most notes and bonds, pay a coupon...

Answered: 1 week ago

Question

★★★★★

Using the P-O-L-C Framework, answer the following questios: 600 wrds.. Take one item from each section that you could relate to you and discuss how you could use in your life right now.and write the...

Answered: 1 week ago

Question

★★★★★

Fig. H 4.39 Determine the forces bars 1, 2 and 3 of the plane truss loaded and supported (Ans. S S2 S3=-30 a/2h) as shown in Fig. I. = C aaaaaa B aga Fig. 1 Q

Answered: 1 week ago

Question

★★★★★

Neo bank(not physical, only internet banking) has a cyber threat about fake ID card issue. Q1. What is high level plan of possible options in terms of focus and investment options as part of both...

Answered: 1 week ago

Question

★★★★★

Question 1: Hypothesis: For an E-commerce company, an instant messaging mobile application is required for day-to-day communications. For a given business use case, derive the scope using concept...

Answered: 1 week ago

Question

★★★★★

(b) Figure Q2 (b) shows the composite cross-sectional area of the C-shape beam. i. Determine the centroid of the beam's cross-sectional area. ii. Determine the moment of inertia of the area about the...

Answered: 1 week ago

Question

★★★★★

inventory theory 39. Mike's Garage, a local automotive service and repair shop, uses oil filters at a fairly steady rate of 2,400 per year. Mike estimates that the cost of his time to make and...

Answered: 1 week ago

Question

★★★★★

2. What types of information are we collecting?

Answered: 1 week ago

Question

★★★★★

5. How quickly can we manage to collect the information?

Answered: 1 week ago

Question

★★★★★

3. Tactical/strategic information.

Answered: 1 week ago

Previous Question Next Question