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Arada [10]
2 years ago
11

Earlier we mentioned the special case of a monopoly where MC = 0. Let’s find the firm’s best choice when more goods can be produ

ced at no extra cost. Since so much e-commerce is close to this model—where the fixed cost of inventing the product and satisfying government regulators is the only cost that matters—the MC = 0 case will be more important in the future than it was in the past. For each demand curve, calculate the profit-maximizing level of output and price as well as the monopolist's profit.
a. P=200−????, fixed cost = 1,000.

Profit-maximizing output Q =

Profit-maximizing price P = $

Monopolist's profit: $
Business
2 answers:
stiv31 [10]2 years ago
6 0

Answer:

Given data is

Fixec cost=$1000

P=200

Mc=0

So profit=1000-200

Profit=$800

alexandr402 [8]2 years ago
5 0

Answer:

a. Q=90

b. P =100

C. Profit $9.000

Explanation:

A profit maximizing monopolist produces at the point MR = MC

Given: P = 200-Q

TR = PQ = 200Q – Q2

MR = dTR/dQ = 200-2Q

Now set MR = MC

200-2Q = 0

200 = 2Q

Q* = 100

P* = 200-Q = 200-100

P* = $100

Profit = PQ – FC

Profit = (100x100) – 1000

Profit = $9000

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The answer to the above question is:

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On January 12, JumpStart purchased $870 in office supplies. (a) Journalize the transaction as if JumpStart paid cash. Jan. 12 (b
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Answer:

Part a : If JumpStart paid cash

Office Supplies $870 (debit)

Cash $870 (credit)

Part b : If JumpStart placed it on account

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Account Payable $870 (credit)

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Part a : If JumpStart paid cash

Recognise an expense for Office Supplies and reduce the assets of cash to reflect outflow of economic benefits in form of cash

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6 0
2 years ago
Jenna works at the grocery store and earns $9 an hour. She is busy with extracurricular activities and only works 20 hours durin
german

Answer:

earnings/per year - cost/per year - taxes = profits

Explanation:

20 h /week a  year has  4 weeks  20*52=1040 h/month

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7724*(1-0.20)=6179.20 total profits

7 0
2 years ago
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