Solved: Suppose the demand curve for a monopolist is q d 47000 -, Business Economics

+44 141 628 6080
[email protected]

Suppose the demand curve for a monopolist is q d 47000 -

Suppose the demand curve for a monopolist is Q D = 47,000 - 50 P, and the marginal revenue function is MR = 940 - 0.04 Q . The monopolist's Marginal Cost = 40 + 0.02Q and its

Total Cost = 250,000 + 40Q + 0.01Q 2.

a. Find the monopolist's profit - maximizing output and price.

b. calculate the monopolist's profit/losses, if any.

c. What is the Lerner Index for this industry at the monopolist's profit - maximizing output and price?

View Complete Question

Solution Preview :

Prepared by a verified Expert

Business Economics: Suppose the demand curve for a monopolist is q d 47000 -

Reference No:- TGS02555390

Now Priced at $10 (50% Discount)

Recommended (98%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

What if breaches of confidentiality occur

What ethical matters should Barbara consider as she plans this group? What methods should Barbara use to ensure confidentiality in context of group counseling?

Discuss a criminal justice topic

Discuss a criminal justice topic requesting instructor approval of the topic. In your discussion post discuss what you have identified in the current peer-revie

Discuss appropriate steps in social media marketing planning

Assignment task: Choose a company or organization (Apple) and propose appropriate steps in social media marketing planning

Describe and discuss the evolution of social media

Problem: Describe and discuss the evolution of social media. The paper to be a minimum of 750 words in length

Prepare a study guide for autism spectrum disorder

Prepare a study guide for your disorder-Autism Spectrum Disorder. This should be in the form of an outline with references, and you should incorporate

Problem about professional development goals

Post an explanation of at least two strategies for including academic activities and accomplishments into your professional development goals

Discuss opportunities that exist for rns and aprns

Post an explanation of at least two opportunities that exist for RNs and APRNs to actively participate in policy-making.

Solution Preview :

Prepared by a verified Expert

Business Economics: Suppose the demand curve for a monopolist is q d 47000 -

Reference No:- TGS02555390

Have a Question? (oR Write a Review)

Recent Questions Asked Business Economics

Q : Consider a number of firms facing identical total cost

Q : Shatner inc has decided to use the high-low method to

Q : What is meant by leadership how can one gain leadership in

Q : Identify an organizational-level goal that would be

Q : Suppose the demand curve for a monopolist is q d 47000 -

Q : A graph the supply and demand for real money balances make

Q : Write an sql statement for each of the following find the

Q : Discuss if there was a time in your life when you like the

Q : Each firm is incapable of producing anything more in other