microeconomics

If a monopolist is producing a quqnity that generates MC=Mr,then profit:
a) is maximized
b) is maximized only if MC=p
c) can be increased by increasing production
d) can be increased by decreasing production

  1. 👍 0
  2. 👎 0
  3. 👁 298

Respond to this Question

First Name

Your Response

Similar Questions

  1. calculus help

    If C(x) = 12000 + 600x − 0.6x^2 + 0.004x^3 is the cost function and p(x) = 1800 − 6x is the demand function, find the production level that will maximize profit. (Hint: If the profit is maximized, then the marginal revenue

    asked by vinton on April 15, 2014
  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

    asked by Lorie on December 6, 2009
  3. Algebra

    The CarryItAll​ mini-van, a popular vehicle among soccer​ moms, obeys the demand equation ppequals=negative StartFraction 1 Over 40 EndFraction x plus 19 comma 000−140x+19,000. The cost of producing xx vans is given by the

    asked by Janice on June 22, 2015
  4. maths

    A clothing firm determines that in order to sell x suits, the price per suit must be p = 150 - 0.5x. It also determines that the total cost of producing x suits is given by C(x) = 4000 + 0.25x^2. a. Find the total revenue R(x). b.

    asked by shila on October 23, 2007
  5. Math

    A manufacturer estimates that the profit P from producing x units of a commodity is P=-x^2+40x-100 dollars per week. What is the maximium profit he can realize in one week? I was going to take the derivative of the equation and

    asked by Hannah on February 26, 2011
  1. Economics/Algebra

    A monopolist has a constant marginal and average cost of $10 and faces a demand curve of QD = 100 - 10P. Marginal revenue is given by MR=100-.20P. a. Calculate the monopolist's profit maximizing quantity, price, and profit. b. Now

    asked by too old on November 8, 2009
  2. Math

    The profit in dollars in producing x- items of some commodity is given by the equation P = - 37 x^2 + 1073 x - 7548 . How many items should be produced to break even? (If there are two break-even points, then enter the smaller

    asked by Irina on September 16, 2014
  3. Economics

    50. In both monopolistic competition and non-price-discriminating monopoly, isn't the marginal revenue curve lies below the demand curve? 51. A monopolistically competitive firm is producing an output level where marginal revenue

    asked by Sammy on December 5, 2006
  4. economics

    Given demand curve of the monopolist :Q=30-0.3P,& given the cost function C=2Q2+20Q+10, a)find the profit maximizing level of output &price b)determine the max possible profit. c)check for the 2nd order condition.

    asked by jara on March 29, 2017
  5. To: Economyst - Can you please help me?

    The demand curve for a monopolist is Qd = 500 - P and the marginal revenue function is MR = 500 - 2P. The monopoloist has a constant marginal and average total cost of $50 per unit. a. Find the monopolist's profit maximizing

    asked by too old on November 11, 2009
  6. calculus1

    If C(x) = 13000 + 500x − 3.2x2 + 0.004x3 is the cost function and p(x) = 2900 − 8x is the demand function, find the production level that will maximize profit. (Hint: If the profit is maximized, then the marginal revenue

    asked by john on November 6, 2017

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