Solved: Derive an expression for the firms marginal revenue curve b, Econometrics

+44 141 628 6080
[email protected]

Derive an expression for the firms marginal revenue curve b

The Coolidge Corporation is the only producer of a particular type of laser.
The demand curve for its product is
QD= 8,300 - 2.1P

and its total cost function is
TC = 2,200 + 480Q + 20Q2

where P is price (in dollars), TC is total cost (in dollars), and Q is monthly output.

a. Derive an expression for the firm's marginal revenue curve.

b. To maximize profit, how many lasers should the firm produce and sell per month?

c. If this number were produced and sold, what would be the firm's monthly profit?

View Complete Question

Solution Preview :

Prepared by a verified Expert

Econometrics: Derive an expression for the firms marginal revenue curve b

Reference No:- TGS0573153

Now Priced at $15 (50% Discount)

Recommended (91%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Econometrics

Q : The initial velocity of a 228 kg block sliding down a

The initial velocity of a 2.28 kg block sliding down a frictionless inclined plane is found to be 1.11 m/s, What is the angle of the plane with respect to the horizontal

Q : The new york times nov 30 1993 reported that the inability

The New York Times (Nov 30, 1993) reported that 'the inability of OPEC to agree last week to cut production has sent the oil market into turmoil. the lowest price for domestic crude oil since June 1990.

Q : What are some of the significant problems that transgender

What are some of the significant problems that transgender suspects face in the criminal justice system and how have the courts responded to this issue? Research current case law on how courts have categorized and placed transgendered inmates in co

Q : Consider the reaction of 250 ml of 020 m agno 3aq with 250

Consider the reaction of 25.0 mL of 0.20 M AgNO 3(aq) with 25.0 mL of 0.20 M NaBr(aq) to form AgBr(s) at 25 °C. What is ?G for this reaction? The K sp of AgBr is 5.0 x 10 -13 at 25 °C.

Q : Derive an expression for the firms marginal revenue curve b

Derive an expression for the firm's marginal revenue curve. b. To maximize profit, how many lasers should the firm produce and sell per month c. If this number were produced and sold, what would be the firm's monthly profit

Q : Is the market for quotes should support your discussion

Is the market for Quotes should support your discussion instead of answering question an oligopoly market or a monopolistic ally competitive market

Q : Three equal point charges each with charge 145c are placed

Three equal point charges, each with charge 1.45?C, are placed at the vertices of an equilateral triangle whose sides are of length 0.650m

Q : Is strategic behavior important in this market

Is strategic behavior important in this market pharmaceutical drugs. Avoid answering any of the questions with a quote.

Q : How much profitloss would you have since january 1 2012 if

How much profit/loss would you have since January 1, 2012 if you traded using long only trades beginning with the first signal after January 1, 2012 assuming you close out your position on the last date?

1928598

Questions
Asked

3,689

Active Tutors

1420325

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Solution Preview :

Prepared by a verified Expert

Econometrics: Derive an expression for the firms marginal revenue curve b

Reference No:- TGS0573153

Have a Question? (oR Write a Review)

Recent Questions Asked Econometrics

Q : The initial velocity of a 228 kg block sliding down a

Q : The new york times nov 30 1993 reported that the inability

Q : What are some of the significant problems that transgender

Q : Consider the reaction of 250 ml of 020 m agno 3aq with 250

Q : Derive an expression for the firms marginal revenue curve b

Q : Is the market for quotes should support your discussion

Q : Three equal point charges each with charge 145c are placed

Q : Is strategic behavior important in this market

Q : How much profitloss would you have since january 1 2012 if

Surgery to remove a kidney and has received chemotherapy

Initiate an investigation upon receiving the report

Design a press kit for a sport event

Dns should incorporate into what conversation

Prepare a cash budget for january and february

Problem based on practical food safety tips and procedures

Survey for not providing adequate incontinent care

Solution Preview :

Prepared by a verified Expert

Econometrics: Derive an expression for the firms marginal revenue curve b

Reference No:- TGS0573153

Recent Questions Asked Econometrics

Q : The initial velocity of a 228 kg block sliding down a

Q : The new york times nov 30 1993 reported that the inability

Q : What are some of the significant problems that transgender

Q : Consider the reaction of 250 ml of 020 m agno 3aq with 250

Q : Derive an expression for the firms marginal revenue curve b

Q : Is the market for quotes should support your discussion

Q : Three equal point charges each with charge 145c are placed

Q : Is strategic behavior important in this market

Q : How much profitloss would you have since january 1 2012 if

Asked Questions