You are the manager of a monopolistically competitive firm, and your demand and cost functions are given by q = 36 – 4p and c(q) = 4 + 4q + q2.

(a) find the inverse demand function for your firm’s product. p = - q
(b) determine the profit-maximizing price and level of production.

Which external factor has enabled addition of special effects in advertisements and tracking of responses of customers over websites?

Suppose that a government that is skeptical of efforts to regulate prices charged by private companies is nevertheless concerned that an electric utility company is taking advantage of consumers with unfair pricing policies. which of the following policy options might most effectively enable the government to achieve its objectives in this situation? do nothing to all. turn the company into a public enterprise. use antitrust laws to increase competition. regulate the firm's pricing behavior.

What do students buy when they pay tuition