Managerial Econ

posted by .

The following schedule shows demand and total cost.
Price Quanity Total cost
$30 10 $200
29 11 208
28 12 217
27 13 227
26 14 238
25 15 250
24 16 263
To maximize profit firm should produce _____units of output and charge a price of $______

  • Bus. -

    P $26 X Q 14 = $ 364 - Cost $238 = $126 , Which is max Profit among those.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. ECON

    I am working on this but, if I have part a and b wrong, all of the following question related will be wrong. Can you help me out?
  2. Economics Review Help!

    This is for a test that I'm studying for in Economics. I never did understand this stuff. Here's what I have to figure out. I've never been good at Economics, but I'm trying to get this stuff down for my final. Any help would be appreciated. …
  3. Economics

    Suppose that Neptune Music has the copyright to the latest CD of the heavy Iron Band. The market demand schedule for the CD is: Q = 800 – 100P. Q represents quantity demanded measured in thousands of CDs and P represents the price …
  4. Economics/Math

    In a perfectly competitive industry, the market price is $25. A firm is currently producing 10,000 units of output, its average total cost is $28, its marginal cost is $20, and its average variable cost is $20. Given these facts, explain …
  5. To: Economyst

    Hi there. You helped me with a couple of questions regarding Econ. I appreciate the help but my issue is I don't understand how you calculate the minimum average variable cost or the output that maximizes profit. I do understand that …
  6. Microecon

    The following diagram shows the cost structure of a monopoly firm as well as market demand. Identify on the graph and calculate the following: a. Profit-maximizing output level b. Profit-maximizing price c. Total revenue d. Total cost …
  7. econ

    1. Consider a pure monopolist with short-run total cost function given by STC = 1000 +200 Q + 12.5 Q2. Suppose also that this firm faces an inverse market demand function given by P = 800 – 20 Q. a. How much should this firm produce …
  8. econ

    You want to determine the profit-maximizing production quantity for a monopolist. You can ask the firm's consultant to draw the firm's revenue and cost curves, but each curve would cost you $1,000. From the following list indicate …
  9. Help!Microeconomics

    Central Crude Oil is a crude oil monopoly in a market. The following table shows the liner demand schedule of this firm which cannot apply price discrimination. The firm's fixed cost is $2000 per month and its marginal cost is a constant …
  10. Microeconomics

    Macro Sound's is a monopolistic firm of producing headphones. Fixed daily cost of production is $1800. The production of each extra headphone is a constant of $28. From the experiences, it is known that if the price of its headphones …

More Similar Questions