FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Company A have a new machine, assault on company B cost function is TC(Q)=1000+40Q+Q^2 Demand for assault on company B, Q=280-p a)profit maximizing monopoly quantity

Company A have a new machine, assault on company B

cost function is TC(Q)=1000+40Q+Q^2

Demand for assault on company B, Q=280-p

a)profit maximizing monopoly quantity of assault on company B is

b)monopoly price is

c)producer surplus at the monopoly price is

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Income Tax Fundamentals 2013

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these Economics questions

Question

★★★★★
You are a sales representative for a clothing manufacturer. You are paid an annual salary, plus a bonus of 3% of your sales over $500,000. Consider the two functions f(x) = x 500,000 and g(x) =...

Answered: 1 week ago

Question

★★★★★
There are two types of customers. Type 1 and 2 customers arrive in accordance with independent Poisson processes with respective rate 1 and 2. There are two servers. A type 1 arrival will enter...

Answered: 1 week ago

Question

★★★★★
In the chapter we developed a first-cut DCD, a set of CRC cards, and final DCD for the Process new order use case for RMO. Create the same three drawings for the Look up item availability use case.

Answered: 1 week ago

Question

★★★★★
An interest-only mortgage is made for $100,000 at 10 percent interest for 10 years. The lender and borrower agree that monthly payments will be constant and will require no loan amortization. What...

Answered: 1 week ago

Question

★★★★★
If you were to ask randomly selected people the following question: "Which of the following expenditures makes up the largest portion of the U.S. Federal Government budget: defense spending or...

Answered: 1 week ago

Question

★★★★★
Case Study When Jean-Pierre Remy became the CEO of Pages Jaunes in 2009, the company was in trouble. As the market leader in the fast-dying French Yellow Pages industry, the company saw its print...

Answered: 1 week ago

Question

★★★★★
The managing director of Hermes Telecommunications plc is interested in corporate strategy. Hermes has invested a great deal of money in established a network which competes with that of Telecom UK,...

Answered: 1 week ago

Question

★★★★★
You are a manager of an HIM department and you want to track how many charts each of your employees scanned and indexed. This is the data you found. On Monday, John did 10 charts, Sue did 25 charts,...

Answered: 1 week ago

Question

★★★★★
For the equation y=-7x+3 answer the following questions: What are the x-intercept(s) written as ordered pair(s)? Note: If there is more than one write them separated by a comma (i.e.: (1,2), (3,4))....

Answered: 1 week ago

Question

★★★★★
2. Christmas shoppers that had purchased a gift in the first week of December were surveyed; fifty-seven said they purchased the gift in a store. Twenty-five said they shopped both online and in...

Answered: 1 week ago

Previous Question Next Question