Questions LLC
Login
or
Sign Up
Ask a New Question
Economics
Monopolies
Profit Maximization
Suppose that a monopolist faces a demand curve of D (p) =10-P and has fixed supply of 7 units output to sell. What is the profit maximum price and what is its maximum profit?
1 answer
The maximum price is 3 and the maximum profit is 21.
You can
ask a new question
or
answer this question
.
Related Questions
Define the following term using graphs and mathematical expression
a)utility b)util c)iso cost d)indiffernce curve e)budget line
A monopoly firm faces a demand curve given by the following equation: P = $500 − 10Q, where Q equals quantity sold per day.
Can you please exlain to me if I'm wrong not just correct me.
ps. Ceteris paribusor the following markets, show whether change
A monopolist is operating at an output level where (€) = 3. The government imposes a quantity tax of $6 per unit of output. If
Define the following term using graphs and mathematical expression a)utility b)util c)iso cost d)indiffernce curve e)budget line
Suppose the market for alcohol can be described by the following equations: Demand: P = 10 - Q, Supply : P = Q + 2, where P is
Suppose that a monopolist faces a demand curve of and
has a fixed supply of 7 units of output to sell. a) What is its
disposal.)
3. Suppose that a monopolist faces a demand curve of and has a fixed supply of 7 units of output to sell. i. What is
Suppose that a monopolist faces two markets with demand curve given and
Assume that the monopolist’s marginal cost is constant
Suppose a monopolist faces an inverse demand function P=100-1/2Q, and the monopolist has a fixed marginal cost of $20. How much