Suppose a manager is faced with the following demand curve for a new software application in a monopoly market, Q = 200 - 50P and the short run total cost function is TC = 2Q + Q2 / 30 If the manager is able to maximize the firms' profit in this monopoly market, what is the total profit value?

Q: to Scale and Economies of Scale uahon in whien output doubles when all inputs ae lovlored. > Can a p...

A: Return to scale show the long-run production function where it can be increasing, decreasing, and co...

Q: A price floor isfitis set the manke pice O binding above O inding below 0 eficient; above O eficient...

A: Price floor is the minimum price that must be paid to sellers. Price cannot fall below this level.

Q: Using the supply and demand functions below, derIve the demand and supply curves if Y = $55,000 and ...

A: Given:- Demand, Q=8.5-P+0.01Y Supply, Q=9.6+0.5P-0.2Pc Y=$55,000(thousand) Pc=$13 Please find the im...

Q: Which of the following laws suggests that attempts by a central bank to regulate the level of lendin...

A: Answer: The correct option is: C: Goodhart's  law

Q: 60 MC 40 АТС AVC 20 50 100 150 Quantity efer to the graph shown above. Assume the price is $30 What ...

A: Profit maximization is the process through which a business determines the pricing, input, and outpu...

Q: In the graph, what is the sum of consumer and producer sumpkoal 18 140 12 5 10 15 20 Quartity O $30 ...

A: Equilibrium occurs at the intersection of demand and supply curves where quantity demanded is equal ...

Q: Is this possible that the Monopolists necessarily make the profit?

A: Answer: As we know that the general concept or impression is that the monopolist has complete contro...

Q: prding to the gh, the marimum va Watet far H Dss ASS 3.00 免25 2.00 1.50- 1.00 0.50 10 20 30 Quarity ...

A: Equilibrium in the market occurs where quantity demanded  equals quantity supplied.

Q: Is there hope for a country to grow in economy

A: Growth Rate: The magnitude of the growth rate can be determined by dividing the absolute change by t...

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A: We have, Car price = P150,000 Down payment = P40,000 Loan amount = P150,000 − P40,000 = P110,000 Mon...

Q: Refer to the following graph to answer the next six questions. Interest rate 6% Line 1 4% Line 2 $20...

A: Equilibrium refers to that state in the economy when the quantity demanded of goods and services is ...

Q: The demand curve facing a competitive firm The following graph shows the daily market for extra-lar...

A: Equilibrium price is at the intersection of demand and supply curves. Equilibrium price is the marke...

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A: Globalization basically refers to an concept which basically highlights the trade between tge two or...

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A: Infant mortality rate refers to the probability of children dying under the age of one.

Q: 24. Suppose that some country had an adult population of about 50 million, a labor- participation ra...

A: Labor force is the sum of unemployed and employed people. Unemployment rate refers to the percentage...

Q: How does equilibrium occur in the market?

A:   Meaning of Market: The term market refers to the situation under which the producers or the seller...

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A: Cost Minimization refers to the condition where a firm or producer tries to minimize the cost incurr...

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A: Financial intermediaries refers to organisations that channel from savers to borrowers.

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A: When talking about steady-state, it is the concept developed for Solow growth model to explain the l...

Q: "Costs do not affect the market price" is this statement right or wrong? Show your work

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A: Economic theory is a theory that simplifies the reality of an economy to make predictions about the ...

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A: Marginal analysis is used as a decision-making tool for the maximization of potential benefits. It i...

Q: QUESTION 2 A firm is considering changing its plant size. It calculates the amount of output it woul...

A: Answer: Diseconomies of scale: diseconomies of scale occur when due to an increase in the quantity p...

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A: Monopoly refers to the market in which a firm charges the higher price above the marginal cost such ...

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A: The correct answer is given in the second step.

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A: Haworth will maximize its profits at the level where the employment level of inputs is such that the...

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A: A mutual fund is a skillfully handled investment option that collects funds from a number of individ...

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A: The Venn diagram was invented by the English logician and philosopher John Venn (1834–1923) as a gra...

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A: Answer: (a). SRAS is shown by an upward sloping line whereas the LRAS is a vertical line that shows ...

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A: "The catch-up effect in development economics indicates convergence i.e. over time poorer nations te...

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Q: Suppose Sky would like to spend Php 1000 to rent the badminton court (C) and study area (S) on a wee...

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Q: An example of physical capital is a) an educated worker. O b) fertile farmland. Oc) international tr...

A: Physical capital  is the stock of equipment and structures that are used to produce goods and servic...

Q: A firm has a production function of Q = KL + L, where MPL = K + 1 and MPK = L. The wage rate (W) is ...

A: A production function shows the relationship between the factors of production and the quantity prod...

Q: A chemical plant worth P 110M has an estimated life of 6 years and a projected scrap value of P 10M....

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A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new que...

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A: Aggregate demand function : P = 6a - q1  - q2  In a simultaneous profit maximizing  game both firms ...

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A: Given that the tax rate is 0.25, we will have the following table:

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A: International financial capital flows into the United States is the money invested into the United S...

Q: The economy is currently at the potential level of GDP when the Bank of Canada announces that they w...

A: Disclaimer: Since you have posted a multi-part question, I am providing you with the answer to the f...

Q: nd the monthly house payments for a loan of P188,000 at 6.74% for 15 years

A: The monthly payment will depend on the loan tenure and rate of interest on home loan.

Q: Consumer has utility function In(c1)+beta*In(c2), where beta=1. Interest rate i=0%. (NOTE!) Income y...

A: Utility function : ln(c1) + ln(c2)      (As Beta = 1 ) y1 = 10 ,  y2 = 50  Budget Constraint in peri...

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Q: Price 300 275 250 225 200 - 175 150 125 100 75- 50 - 25 25 30 75 100 125 150 175 200 Ority Refer to ...

A: Equilibrium in the market occurs where quantity demanded equals quantity supplied.

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A: The model that depicts processes of the economy through a set of variables and a set of logical rela...