Thursday
July 31, 2014

Homework Help: Economics/Math

Posted by too old on Sunday, November 8, 2009 at 9:16pm.

The demand curve for a monopolist is Qd = 500 - P and the marginal revenue function is MR = 500 - 2P. The monoploist has a constant marginal and average total cost of $50 per unit.
a. Find the monopolist's profit maximizing output and price
b.Calculate the monopolist's profit.
c.What is the Lerner Index for this industry?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Economics - Suppose the demand curve for a monopolist is Qd = 500 P, and the ...
Economics - . Suppose the demand curve for a monopolist is QD =500 - P, and the ...
Economics/Algebra - The demand curve for a monopolist is Qd = 500 - P and the ...
economics - Suppose the demand curve for a monopolist is QD=500 − P, and...
Economics - Suppose the demand curve for a monopolist is Qd = 500 P, and the ...
To: Economyst - Can you please help me? - The demand curve for a monopolist is ...
economics - Suppose a monopolist faces an inverse demand function P=100-1/2Q, ...
Econ - If a pure monopolist can price discriminate by separating buyers into two...
Economics/Algebra - A monopolist has a constant marginal and average cost of $10...
economics - A monopolist faces an upward-sloping marginal cost curve. Its ...

Search
Members