Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Nov 17, 2022

Consider a monopolist firm in a market with demand curve P= 1797-3Q. Suppose the firm has marginal cost curve MC = 4Q. What is

Consider a monopolist firm in a market with demand curve P= 1797-3Q. Suppose the firm has marginal cost curve MC = 4Q. What is the firm's total revenue at the profit maximizing quantity? Give your answer to the nearest whole number.

Step by Step Solution

★★★★★

3.39 Rating (149 Votes )

There are 3 Steps involved in it

Step: 1

Given P 1797 3g Totul revenue TR 94 TR PS and Marginal Total mon ... blur-text-image

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

Intermediate Accounting

Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones

11th edition

978-0538467087, 9781111781262, 538467088, 1111781265, 978-0324659139

More Books

Students also viewed these Economics questions

Question

★★★★★

Benet Company has budgeted the following unit sales: 2017 2016 Quarter Units Quarter Units 1 105,000 1 90,000 2 60,000 3 75,000 4 120,000 The finished goods inventory on hand on December 31, 2015 was...

Answered: 1 week ago

Question

★★★★★

1. Use the following information to discuss some of the most likely issues to face the Venezuelan economy in light of in-class content. (a) Since 2002, Venezuela has embarked on a process of...

Answered: 1 week ago

Question

★★★★★

Alpaca Corporation had revenues of $200,000 in its first year of operations. They have not collected on $20,000 of their sales, and still, owe $25,000 on $70,000 of merchandise they purchased. The...

Answered: 1 week ago

Question

★★★★★

At December 31, 2018, Landy Products has cash of $24,000, receivables of $18,000, and inventory of $80,000. The companys equipment totals $182,000. Landy owes accounts payable of $22,000 and...

Answered: 1 week ago

Question

★★★★★

Set up an integral for the volume of the solid obtained by rotating the region bounded by the given curves about the specified line. Then use your calculator to evaluate the integral correct to five...

Answered: 1 week ago

Question

★★★★★

As products are made, capacity is used up. Managers must allocate the constrained resource to products so as to maximize the company's contribution margin . Required: a. List three limited resources...

Answered: 1 week ago

Question

★★★★★

=+36. HDI, model comparison. In Exercise 35 you identified several countries that had potentially large influence on the model in Chapter 17, Exercise 36 predicting HDI. Set those countries aside and...

Answered: 1 week ago

Question

★★★★★

Engles Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $130,000 and will increase annual expenses by $80,000 including...

Answered: 1 week ago

Question

★★★★★

a U.S.-based MNC, will need 10 million Thai baht on August 1. It is now May 1. the firm has negotiated a non-deliverable forward contract with its bank. The reference rate is the baht's closing...

Answered: 1 week ago

Question

★★★★★

Determine the force in members GF, CF, and CD of the roof truss and indicate if the members are in tension or compression. 1.5 kN 1.70 m 2 kN 1.5 m 0,8 m G. -1 m- 2 m 2 m

Answered: 1 week ago

Question

★★★★★

Discuss the key elements from the chapter reading assignment that should be included in your budget planning process. Put the key elements of a budget planning process in order of how you would...

Answered: 1 week ago

Question

★★★★★

SECTION B-Answer any THREE of these four questions [203=60 marks] QUESTION #3 3D Rigid Body Equilibrium 2 m x 6 m 3 m 3 m D 4 m F2 (350j) N B [20 marks] F = (-800k) N Figure 2 (Courtesy of Prentice...

Answered: 1 week ago

Question

★★★★★

Please Provide your analysis and arguments Case A HaplessHospital employs Dr. Frank Aterror, a surgeon who in the past has sexually assaulted female patients. Suppose that he sees a thousand patients...

Answered: 1 week ago

Question

★★★★★

What is Sales Enablement and how it works ? How to Scale Your Sales Team Quickly? How to do t-test in Excel Simplest way of explaining please

Answered: 1 week ago

Question

★★★★★

Explain the goal of a denial-of-service (DoS) attack. How are these attacks initiated? How can they be prevented?

Answered: 1 week ago

Question

★★★★★

Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total...

Answered: 1 week ago

Question

★★★★★

*** PLEASE PROVIDE DETAILED ANSWER *** Determine the residency status for each of the following individuals and state the income tax implications of each situation: (Do not worry about the...

Answered: 1 week ago

Question

★★★★★

Solve each problem. Find the coordinates of the points of intersection of the line y = 2 and the circle with center at (4, 5) and radius 4.

Answered: 1 week ago

Question

★★★★★

On April 30, 2010, Hackman Corporation issued $1 million face value 12% bonds dated January 1, 2010, for $1,023,000 plus accrued interest. The bonds pay interest semiannually on June 30 and December...

Answered: 1 week ago

Question

★★★★★

On January 1 of Year 1, Dorso Company adopted the dollar-value LIFO method of inventory costing. Dorsos December 31 ending inventory records are as follows: Year 1: Current cost, $20,000; Index, 100...

Answered: 1 week ago

Question

★★★★★

It is February 16, 2011 and you are auditing the Davenport Corporations financial statements for 2010 (which will be issued in March 2011). You read in the newspaper that Travis Corporation, a major...

Answered: 1 week ago

Question

★★★★★

How might the growth in use of the Internet affect consumer response to traditional marketing communication activities?

Answered: 1 week ago

Question

★★★★★

What communication tools are used close to the buyer decision point?

Answered: 1 week ago

Question

★★★★★

Review your working situation. Tabulate some examples of activities and actions than can be explained by the transmission model and others that require a cultural model of communication. What...

Answered: 1 week ago

Previous Question Next Question