What price to charge in the short-run, Microeconomics

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What price to charge in the short-run

1. You are the manager of a monopoly that faces a demand curve described by P = 63 - 5Q. Your costs are C = 10 + 3Q. The Lerner index is ____.

2. You are a manager in a perfectly competitive market. The price in your market is $14. Your total cost curve is C(Q) = 10 + 4Q2. What price should you charge in the short-run?

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Microeconomics: What price to charge in the short-run

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Microeconomics: What price to charge in the short-run

Reference No:- TGS041063

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Partnership deduction in initial year of operations

Q : Prepare a make-or-buy analysis showing the annual advantage

Q : Behavioral implications of management accounting information

Q : How to spend in order to maximize utility

Q : What price to charge in the short-run

Q : Determining the payback for project

Q : Cash receipts journal-cash payments journal

Q : Determining the company pretax cost of debt

Q : Interpreting the statement of cash flow

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What price to charge in the short-run

Reference No:- TGS041063

Recent Questions Asked Microeconomics

Q : Partnership deduction in initial year of operations

Q : Prepare a make-or-buy analysis showing the annual advantage

Q : Behavioral implications of management accounting information

Q : How to spend in order to maximize utility

Q : What price to charge in the short-run

Q : Determining the payback for project

Q : Cash receipts journal-cash payments journal

Q : Determining the company pretax cost of debt

Q : Interpreting the statement of cash flow

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