Business, 20.11.2020 03:50, EBeast9741

The following equations describes a monopolist's (who sells soccer balls in Durham arca) demand marginal revenue, total cost, and marginal cost: Demand : P = 10 - Q Marginal Revenue: MR = 10 - 20 Total Cost : TC = 3 + Q + 0.5Q ^ 2 Marginal Cost = 1 + Q Where Q is the quantity and P is the price measured in dollars Find out the profit- maximizing output of soccer balls. At what price they are sold? What is the monopolist's profit? (Hint: to figure out the profit you need to calculate the ATC, divided both sides of the given TC equation by Q to find the equation for ATC. Then plug in the Q and values you have calculated ).

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 15:40, brashley

Acompany manufactures x units of product a and y units of product b, on two machines, i and ii. it has been determined that the company will realize a profit of $3 on each unit of product a and $4 on each unit of product b. to manufacture a unit of product a requires 7 min on machine i and 5 min on machine ii. to manufacture a unit of product b requires 8 min on mchine i and 5 min on machine ii. there are 175 min available on machine i and 125 min available on machine ii in each work shift. how many units of a product should be produced in each shift to maximize the company's profit p?

Answers: 2

continue

Business, 22.06.2019 23:00, Bmurphy17

If the reserve requirement is 10 percent, what amount of excess reserves does a bank acquire when a business deposits a $500 check drawn on another bank?

Answers: 2

continue

Business, 23.06.2019 02:30, nauticajanke03

The wall street journal reported that over a recent five-month period, a downturn in the economy has caused endowments to decline 23%. what is the estimate of the dollar amount of the decline in the total endowments held by these 10 universities (to the nearest billion)?

Answers: 3

continue

Business, 23.06.2019 10:00, yani2568

Governments sometimes erect barriers to trade other than tariffs and quotas. which of the following is not an example of this type of trade barrier? a. a requirement that the employees of domestic firms that engage in foreign trade pay income taxes b. restrictions on imports for national security reasons c. a requirement that imports meet health and safety requirements d. a requirement that the u. s. government buy military uniforms only from u. s. manufacturers

Answers: 2

continue

Do you know the correct answer?

The following equations describes a monopolist's (who sells soccer balls in Durham arca) demand marg...