Determine the price and quantity at the kink of the demand, Business Economics

+44 141 628 6080
[email protected]

Determine the price and quantity at the kink of the demand

Equation for MR curve

The kinked demand curve in an oligopolistic market is defined by the equations: P = 140 - 0.5Q, and
P = 200 - 2Q.

a) Derive equations for the marginal revenue curves.

b) Determine the price and quantity at the "kink" of the demand curve.

Request for Solution File

Ask an Expert for Answer!!

Business Economics: Determine the price and quantity at the kink of the demand

Reference No:- TGS027236

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Recent Questions Asked Business Economics

Q : Calculate current total annual inventory cost

Novelty Gifts is experiencing some inventory control problems. The manager currently orders 10,000 units four times each year to handle annual demand of 40,000 units.

Q : What price is needed to maximize revenue

What price is needed to maximize revenue. What price is needed to maximize revenue but keep profits at a minimum of $300.

Q : Management roles-styles offered by professional organization

Discussion forum on management roles and styles offered by a professional organization you belong to. You post your ideas on the roles that a manager may need to assume that are and are not described in Mintzberg's matrix.

Q : Roe and working capital policy

Shanklin Inc. purchases merchandise on terms of 2/15, net 40, and its total gross purchases (i.e., purchases before taking off the discount) are $800,000 per year.

Q : Determine the price and quantity at the kink of the demand

Derive equations for the marginal revenue curves. Determine the price and quantity at the "kink" of the demand curve.

Q : Group of newly hired manager trainees fundamentals of polc

Explain how you could teach a small group of newly hired manager trainees the fundamentals of POLC, with appropriate examples of each stage of the model.

Q : Computing the percent return to the investment

A new tax is levied on airline profits to finance improvements in the nation's airports. The current market rate of interest is 8%. However, airline profits are subject to a 50% tax.

Q : What is wrong with the following statement

What's wrong with the following statement. The economic costs of international trade usually exceed the economic benefits in both the short-term and long-term.

Q : When is international trade an opportunity for workers

In a committee of the United Nations you are considering the following questions: (a) When is international trade an opportunity for workers.

1942734

Questions
Asked

3,689

Active Tutors

1446847

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Business Economics: Determine the price and quantity at the kink of the demand

Reference No:- TGS027236

Have a Question? (oR Write a Review)

Recent Questions Asked Business Economics

Q : Calculate current total annual inventory cost

Q : What price is needed to maximize revenue

Q : Management roles-styles offered by professional organization

Q : Roe and working capital policy

Q : Determine the price and quantity at the kink of the demand

Q : Group of newly hired manager trainees fundamentals of polc

Q : Computing the percent return to the investment

Q : What is wrong with the following statement

Q : When is international trade an opportunity for workers

What is meant by frontstage disruption

Discuss the top three areas of leadership

What elements of fairness were present

Factors leading to intense competition within an industry

Explain a legally defensible, effective job interview

Distinguish traditional projects and agile projects

How can you ensure a decision is made in time

Request for Solution File

Ask an Expert for Answer!!

Business Economics: Determine the price and quantity at the kink of the demand

Reference No:- TGS027236

Recent Questions Asked Business Economics

Q : Calculate current total annual inventory cost

Q : What price is needed to maximize revenue

Q : Management roles-styles offered by professional organization

Q : Roe and working capital policy

Q : Determine the price and quantity at the kink of the demand

Q : Group of newly hired manager trainees fundamentals of polc

Q : Computing the percent return to the investment

Q : What is wrong with the following statement

Q : When is international trade an opportunity for workers

Asked Questions