What is the condition for profit maximization, Microeconomics

+44 141 628 6080
[email protected]

What is the condition for profit maximization

A monopoly has 2 production plants with cost functions C 1 =50 +0.1Q1(squared) and C 2 =30+0.05Q The demand it faces is Q=500-10P. What is the condition for profit maximization?

A. MC 1 (Q1 ) = MC 2 (Q2 ) = P (Q 1 + Q 2 )

B. MC 1 (Q1 ) = MC 2 (Q2) =MR (Q 1 + Q 2)

C. MC 1 (Q1 + Q 2) = MC 2 (Q1 + Q2) = P ( Q1+ Q 2)

D. MC 1 (Q 1+ Q 2) = MC 2 (Q 1+Q 2) = MR (Q1 + Q 2)

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What is the condition for profit maximization

Reference No:- TGS066525

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : Minimum required rate of return

During the life of the investment, annual net income and cash inflows are expected to be $25,000 and $75,000, respectively. Mimi's minimum required rate of return is 10%.

Q : Describe the discretionary and automatic fiscal policy

The economy of Kenya is in recession, and the recessionary gap is large. The World Bank hires you as its economist and asks you to describe the discretionary and automatic fiscal policy actions that might occur.

Q : Compute expected annual sales-standard deviation of annual

MICHTEC's economists estimate the chances that the economy will be either expanding, normal, or in a recession next year at 0.3, 0.5, and 0.3 respectively. Compute expected annual sales. Compute the standard deviation of annual sales.

Q : Should taxpayers support professional sports

Should taxpayers support professional sports teams with new stadiums and tax breaks?

Q : What is the condition for profit maximization

A monopoly has 2 production plants with cost functions C 1 =50 +0.1Q1(squared) and C 2 =30+0.05Q The demand it faces is Q=500-10P. What is the condition for profit maximization?

Q : Amount of cost in ending work in process inventory

The beginning work in process inventory had a balance of $2,000. There were $42,000 of product costs added to work in process during the period. The amount of cost in ending work in process inventory is:

Q : What amount of overhead will be applied

As a first step, they are attempting to allocate overhead by defining three activity cost pools and three corresponding cost drivers. They believe that the cost drivers of each of these pools correlate with the costs of that activity pool.

Q : Possible types of arrangements for regional economic

Disscus the possible types of arrangements for regional economic integrated? Imagine that the United States was composed of many separate countries with individual trade barriers . what marketing effect might be visualized?

Q : Find tax revenue if government has imposed per unit tax

The inverse demand in a Cournot duopoly is P = a - b (Q 1 + Q 2), and costs are C1 (Q1 ) = c 1 Q 1, and C 2 (Q2) = c 2 Q 2 . The Government has imposed a per unit tax of $t on each unit sold by each firm. The tax revenue is?

1941907

Questions
Asked

3,689

Active Tutors

1412025

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!!

Microeconomics: What is the condition for profit maximization

Reference No:- TGS066525

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Minimum required rate of return

Q : Describe the discretionary and automatic fiscal policy

Q : Compute expected annual sales-standard deviation of annual

Q : Should taxpayers support professional sports

Q : What is the condition for profit maximization

Q : Amount of cost in ending work in process inventory

Q : What amount of overhead will be applied

Q : Possible types of arrangements for regional economic

Q : Find tax revenue if government has imposed per unit tax

Discuss children diagnosed with developmental disabilities

Problem regarding the america youth and social media

Is lifespan psychologists are unlikely to investigate

How teenagers in an impoverished urban area spend their time

What is a behavioral indicator related to family

Outline a social issue that is important to you

Identify one antecedent, one behaviour, and one consequence

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What is the condition for profit maximization

Reference No:- TGS066525

Recent Questions Asked Microeconomics

Q : Minimum required rate of return

Q : Describe the discretionary and automatic fiscal policy

Q : Compute expected annual sales-standard deviation of annual

Q : Should taxpayers support professional sports

Q : What is the condition for profit maximization

Q : Amount of cost in ending work in process inventory

Q : What amount of overhead will be applied

Q : Possible types of arrangements for regional economic

Q : Find tax revenue if government has imposed per unit tax

Asked Questions