economic

q = 5,000 - 100p
tc= 10,000 - 10q
plot the demand curve
marginal revenue curve
marginal cost curve
profit maximising price, quantity, and profits

  1. 👍
  2. 👎
  3. 👁
  1. not sure...need help

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. Economics

    An industry currently has 100 firms, all of which have fixed costs of $16 and avg. variable cost as follows: Q Avg. Variable Cost ($) 1 1 2 2 3 3 4 4 5 5 6 6 a. Compute marginal cost and avg. total cost. b. the price is $10. what

  2. Economics

    A monopoly firm faces a demand curve given by the following equation: P = $500 − 10Q, where Q equals quantity sold per day. Its marginal cost curve is MC = $100 per day. Assume that the firm faces no fixed cost. You may wish to

  3. Economics

    Read the statement. Economists note that personal income rose by 5 percent last year. What impact will the change in personal income have on-demand? A. It will cause the demand curve to shift down. B. It will cause the demand

  4. Economics

    Suppose Honda's total cost of producing 4 cars is $225,000 and its total cost of producing 5 cars is $250,000 a)What is the average total cost of producing 5 cars b)What is the marginal cost of the fifth car? c)Draw the marginal

  1. Microeconomics

    Larry, Moe, and Jo run the only saloon in town. Larry wants to sell as many drinks as possible without losing money. Jo wants the saloon to bring in as much revenue as possible. Moe wamts to make the largest possible profits.

  2. Calculus

    Assume that a demand equation is given by q=9000-100p. Find the marginal revenue for the given production levels. a. 500 Units the marginal revenue at 500 units is

  3. economics

    The hand made snuffbox industry is composed of 100 identical firms, each having short-run total costs given by STC=0.5q^2+10q+5 and short-run marginal costs by SMC=q+10 where q is the output of snuffboxes per day. a. What is the

  4. Microeconomics

    I am on the chapter for monoplies. I need to calculate the total cost for the following question. I am not quite clear if I am to use the $2 million that was paid to author to write the book to calculate the total cost, since the

  1. Econ 102

    Johnny Rockabilly has just finished recording his latest CD. The company can produce the CD with no fixed cost and a variable cost of $5 per CD. A) Find total revenue for quantity equal to 10,000, 20,000, and so on. What is the

  2. college/microeconomics

    The following table indicates the prices various buyers are willing to pay for a Miata sports car: Buyer A Maximum price $50,000 Buyer B Maximum price $40,000 Buyer C Maximum price $30,000 Buyer D Maximum price $20,000 Buyer E

  3. Economics

    5. (Ch. 17 # 5) Sparkle is one firm of many in the market for toothpaste, which is in long-run equilibrium. a. Draw a diagram showing Sparkle’s demand curve, marginal revenue curve, average cost curve, and marginal cost curve.

  4. economics

    This is going to be really long, but I want to see if my answers are correct. This is problem number 10.10 in my Intermediate Microeconomics book. A perfectly competitive painted necktie industry has a large number of potential

You can view more similar questions or ask a new question.