.A fim has marginal cost of 2q and no fixed cost. Market demand is D(p) = 24-2p. Assuming the fim has market power, what is the maximal amount of profits the firm can achiavs? a. 41.25 b. 48 c.16 d. 24

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A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

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A: Given an avocado farm: C = 0.002q3 + 22q + 750 .... (1) Marginal cost: MC=0.006q2+22        ... (1)…

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A: We have, Total cost = TC = 500+ 10 q + 5 q^2 Marginal cost = MC = 10 +10q Demand equation = QD = 105…

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A:

Q: A local microbrewery has total costs of production given by the equation TC=500+10q+5q^2. This…

A: Total cost equation,TC=500+10q+5q2Marginal cost equation, MC=10+10qDemand function, Qd=105-12P

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A: Profit maximization refers to the level of output and price where a firm, industry or household…

Q: 2. Suppose a firm faces demand of Y = 300 – 2P and has a total cost curve of TC = 75Q + Q². a. What…

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Q: PART 2. Are existence of profits / higher rates of return a sure sign of market power and DW…

A: Industry A  C=50+10q+2q2 Industry B  Few firms cost function 50+10q+2q2 only 2 firms cost 10+10q+q2…

Q: 2. Suppose that a market consists of 650 identical fims, all with the same cost curve: TC(q) = 325q²…

A: given   Suppose that a market consists of 650 identical firms, all with the same cost curve: TC(q) =…

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Q: Problem 1 (a) Teddy is a manufacturer of dish washing liquid. If his monthly demand function for…

A: Teddy's profit(π) function is: Profit=Total Revenue-Total cost=16q-q2250-500-0.2q=15.8q-500-q2250

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A: Marginal revenue is a change in total revenue when an additional unit is sold.

Q: 1.2 An industry with many stores offer laminating as a service to their customers. Suppose that each…

A: Given; Total Cost function; C(q)=50+0.5q+0.08q2 Marginal Cost function; MC=0.5+0.16q Current…

Q: (a) Teddy Jis a manufacturer of dish washing liquid. If his monthly demand function for 750ml size…

A: Demand function is given by q =4000 - 250p  Cost function is given by C(q) = 500 + 0.2q

Q: a. Write down the equation for PharmaCo's marginal revenue curve: MR =  b. Solve for PharmaCo's…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three subparts…

Q: 1.2 An industry with many stores offer laminating as a service to their customers. Suppose that each…

A: Given; Total cost function; C(q)=50+0.5q+0.08q2 Marginal Cost; MC=0.5+0.16q Current price of…

Q: (3) The demand curve of a firm is p=1200-21g and its total cost is C(@)= 2g-66q +600g +1000 where q…

A: find below the answer.

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Q: Next, consider a case that the integrated firm produce the product and sell directly to consumers.…

A: We have demand for integrated firm is p=70-q and MC= 10.

Q: 8. Two firms competing a la Hotelling with fixed locations and symmetric constant marginal costs.…

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Q: Suppose a firm has two plants.  The costs are: TC = 30 + TC1 + TC2.. TC1 = 10Q1 + Q12 . TC2 = 10Q2 +…

A: * SOLUTION :-  * Given that, Pm = 80 - 0.5Qm TRm = Pm x Qm       = 80Qm - 0.5Qm2 MRm = dTRm/dQm…

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A: we have QD=85,543 - 3P,  or 3P=85543-qor P=28514.33-q3 AVC=4q2  and fixed cost =1024(avoidable) so,…

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A: We are going to solve for profit maximization method to answer this question.

Q: A local microbrewery has total costs of production given by the equation TC=500+10q+5q2. This…

A: Below are the following given data in the question. TC=500+10q+5q2. MC=10 +10q Qd =105 + (1/2)P

Q: Suppose that a firm's profit function is 7 = must be that qı = 2q2. Solve for q, q, T*. Solve for…

A: