Solved: Firm in oligopolistic industry-demand-total cost equations, Microeconomics

+44 141 628 6080
[email protected]

Firm in oligopolistic industry-demand-total cost equations

Question:

A firm in an oligopolistic industry has the following demand and total cost equations

P = 600 - 20Q

TC = 700 + 160Q + 15Q squared

Calculate:

A. Quantity at which profit is maximized

B. Maximum profit

C. Quantity at which revenue is maximized

D. Maximum revenue

E. Maximum quantity at which profit will be at least $850

F. Maximum revenue at which profit will be at least $580

View Complete Question

Solution Preview :

Prepared by a verified Expert

Microeconomics: Firm in oligopolistic industry-demand-total cost equations

Reference No:- TGS02088809

Now Priced at $20 (50% Discount)

Recommended (97%)

Rated (4.9/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : How would you respond to your partner

How would you respond to your partner? Does it make a difference that he is a much more experienced officer?

Q : Legislation prohibiting mandatory retirement for workers

Show whether this firm opposes legislation prohibiting mandatory retirement for workers under 65.

Q : How does de verbum address the relationship

How does De Verbum address the relationship between modern methods of biblical interpretations and the traditional belief in the relationship of the Bible?

Q : Components of the system to achieve the .99 reliability

Explain what you can do, if the best technology was used to produce the components of the system to achieve the .99 reliability?

Q : Firm in oligopolistic industry-demand-total cost equations

A firm in an oligopolistic industry has the following demand and total cost equations

Q : Depict the wage-schooling locus on a graph

(a) Depict the wage-schooling locus on a graph. (b) Derive the marginal rate of return to schooling curve. Depict on a graph as completely as possible.

Q : Which has provided unprecedented great-power peace

Which has provided unprecedented great-power peace and prosperity for past 70 years. Provide consideration of Waldron's counter-arguments to Allison in paper.

Q : Why do you think some countries have successfully maintained

Why do you think some countries have either successfully maintained authoritarian rule (think Cuba, China) or had experienced a slide back to authoritarianism?

Q : Trip for non-business use-lost wages was not tax-deductible

f an owner of a company wanted to make a trip for non-business use and their lost wages was not tax-deductible, how could they justify making their decision

1940761

Questions
Asked

3,689

Active Tutors

1457749

Questions
Answered

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

ask Question

Asked Questions

Explain a significant event or series of events

''Writing'' for an audience of your campus classmates, many of whom have just met you, you will describe and explain a "significant"

What specifically about the cartoon

: Post a copy of the cartoon to this assignment. Then give an explanation of the cartoon. Give the context of the cartoon:

Discuss limited government role in speculative assets

Would a limited government role in speculative assets be an improvement on the status quo? For instance, are you aware that it is illegal

What information surprised you and why

GEORGE WASHINGTON Select one (1) of the following articles and respond to all of the following Thoughts | Questions | Epiphanies (TQEs) for it

What occurred during porfirio diaz reign

Question: Which of the following occurred during Porfirio Diaz's reign as Mexico's President?

What is your purpose in applying for graduate study

What is your purpose in applying for graduate study in your specified degree program? Describe your area(s) of interest, including any subfield

Knowledge of the differences between themes and motifs

Question: Themes and Motifs! This quiz will test your knowledge of the differences between Themes and Motifs.