Suppose the demand and marginal cost equations for a monopolist are as follows: Q = 6600 – 2P MC = 2Q.

a. Find the inverse demand equation and the marginal revenue equation.

b. Find the profit maximizing quantity and price for this monopolist (remember to set MR = MC and solve for Q).

according to the kinked demanded curve model, an oligopolistic firm will produce where:

A: average total cost is minimized

B: price equals marginal cost

C: marginal revenue equals marginal cost

D: the demand curve intersects the average total cost curve

If a common stock investment is sold at a gain, the gain

A businessman asks you to produce a profitability profile of his customers. Once you have provided it, he remarks: "So I should drop all those customers where the costs of servicing the customer exceed the revenue from that customer?" Answer him and explain

Why was the manufacturer able to increase the price so much? What type of good is an Epipen? Do you think that the price increase is fair for consumers? Was raising the price in the best interest of the manufacturer? How did they think raising the price would affect their revenue? Why?

Consider a competitive market with demand and supply curves given by Qd(p) = 100 - P & Qs(P) = P

If the government wanted to charge a constant per unit tax of T per unit, what is the maximum amount of tax revenue the government can generate?

Your marketing research department has estimated the demand for your firm's product to be Q=10,000−100P and the marginal revenue to be R=100−0.02Q. Suppose marginal cost and average total cost are constant at $60. What is the quantity that you should produce? ________ units.

The number of workers hired by a firm at a particular wage rate can be calculated if you know which of the following?