Post a New Question

managerial economics

posted by on .

Qd=15.0-0.2P where Qd is annual quantity demanded in millions of units and P is the wholesale price. Incurred cost of $60 million. Production cost is $5/unit. (1) what is wholesale price, (2) production annually, (3) annual profit?

Given this is a monopoly with an expiring patent in 30 days, what price and quantity will result once the competition emerges in this market?

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions

Post a New Question