Business, 06.05.2020 21:00 GoldenToad7449
You are the manager of a monopoly. A typical consumer's inverse demand function for your firm's product is P = 250- 4Q, and your cost function is TC = 10Q. A. MC is fixed and is equal to $10 (MC=AC=S). MR=250-8Q.
(P=price, Q=quantity of output, TC=total cost, MC=marginal cost, MR=marginal revenue, S=supply)
What price the company should choose to get maximum profit if the company will use ordinary pricing strategy?
Now suppose the company is thinking about using price discrimination for lower income group of customers. If the company will offer discount of $30 in price to the lower income groups how much additional profit will the company earn? Illustrate graphically.
Explain the conditions needed to apply the price discrimination strategy?
Answers: 1
Business, 22.06.2019 01:20
Cindy recently played in a softball game in which she misplayed a ground ball for an error. later, in the same game, she made a great catch on a very difficult play. according to the self-serving bias, she would attribute her error to and her good catch to her
Answers: 1
Business, 22.06.2019 09:00
According to this excerpt, a key part of our national security strategy is
Answers: 2
Business, 22.06.2019 11:00
Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period
Answers: 1
You are the manager of a monopoly. A typical consumer's inverse demand function for your firm's prod...
Mathematics, 11.03.2021 18:30
Arts, 11.03.2021 18:30
Computers and Technology, 11.03.2021 18:30
Mathematics, 11.03.2021 18:30
Mathematics, 11.03.2021 18:30
Mathematics, 11.03.2021 18:30
Mathematics, 11.03.2021 18:30
French, 11.03.2021 18:30
English, 11.03.2021 18:30
Mathematics, 11.03.2021 18:30
Geography, 11.03.2021 18:30
Mathematics, 11.03.2021 18:30