Solved: A find the inverse demand function for your firms product b, Business Management

+44 141 628 6080
[email protected]

A find the inverse demand function for your firms product b

1. Suppose, a perfectly competitive firm is trying to determine its profit-maximizing level of output. The product sells for $260 per unit. The total cost function is given by C = 1000 + 80Q - 6Q² + .2Q³. Find the equilibrium price and maximum profits. Also, find the shutdown point for this firm.

2. You are the manager of a monopolistically competitive firm, and your demand and Cost functions are given by Q = 20 - 2P and C = 104 - 14Q + Q².

a) Find the inverse demand function for your firm's product.

b) Determine the profit-maximizing level of output and price.

c) Calculate the firm's maximum profits.

d) What long-run adjustments should you expect?

View Complete Question

Solution Preview :

Prepared by a verified Expert

Business Management: A find the inverse demand function for your firms product b

Reference No:- TGS01676805

Now Priced at $20 (50% Discount)

Recommended (93%)

Rated (4.5/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Discussion about research on memory and aging

Question: Which of the following has been found in much of the research on memory and aging? Question options:

Concerns regarding his aggressive behavior

A 17-year-old boy with no significant past medical history presents with his parents for concerns regarding his aggressive behavior.

Provide a brief overview of the client demographics

Students will provide a brief overview of the client demographics (fictional name, age, gender identity, marital status, ethnicity, and/or race),

What results of a research study would be confounded

The results of a research study would be confounded if Question options: the experimenter's interpretation of the data was not supported

Review the documentary series - the baby human

Watch the following clip from the documentary series "The Baby Human: To FeelLinks to an external site."

Illustrate the difference in cognitive performance

Question: Which difference in cognitive performance is supported by scientific evidence?

Describe the origins or history of the mental disorders

1. Describe the origins or history of the mental disorders. 2. Describe the psychological theory or theories that relate to the mental disorders especially in

Solution Preview :

Prepared by a verified Expert

Business Management: A find the inverse demand function for your firms product b

Reference No:- TGS01676805

Have a Question? (oR Write a Review)

Recent Questions Asked Business Management

Q : Create a perceptual map of the product space youre dealing

Q : Derive the domestic price the quantity processed by

Q : A 500000 initial investment annual savings of 92500 for a

Q : Conduct a critical and thorough internal analysis of the

Q : A find the inverse demand function for your firms product b

Q : Aalysis of risk risk analysis business financial leverage

Q : Let the marginal benefits and marginal costs of gasoline

Q : Write a speech on the topic benefits of social media

Q : Where does the worker choose to work suppose the government