A car manufacturer builds both left-hand and right-hand drive cars. It estimates that its costs and the demand faced in each of these respective markets can be modelled by the functions below P = 520 – 3Q1 P2 720 – 4Q2 - TC = 100Q, + 120Q2 + 4Q,Q2 What is the maximum profit the firm could make? O 24300 O 24800 O 25300 O 25800 O 26500

7. A car manufacturer builds both left-hand and right-hand drive cars. It estimates that its costs and the demand faced in each of these respective markets can be modelled by the functions below Р 3D 520 — 30, P, = 720 – 4Q2 100Q1 + 120Q2 + 4Q1Q2 - - TC =

7. You are the manager of a firm that produces products X and Y. You know the following reservation prices: Consumer 1 2 3 Product X 90 70 40 Product Y 60 140 160 a. What are your profits if you charge 40 for product X and 60 for product Y? b. What are your profits if you charge 150 for a bundle containing one unit of product X and one unit of product Y? c. What are your profits if you charge 210 for a bundle containing one unit of X and one unit of Y, but also sell the products individually at a price of 90 for X and 160 for Y?

✓ Question Completion Status: A non- competitive firm's demand curve is P = 10-4Q. So its MR is O 5-2Q O 10-40 10-8Q 05-Q QUESTION 3 For a non-competitive firm with a demand curve P = 1800-2Q and marginal costs of MC = $200, how much is the equilibrium quantity (Q)? 360 400 560 620 QUESTION 4 For a non-competitive firm with a demand curve P = 1800-2Q and marginal costs of MC = $200, how much is the equilibrium price (P*)? O $500 (4750 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Ar

Q 0 1 2 3 4 5 $164 O $100 $104 $93 P 65 59 53 47 41 35 Previous TR MR The chart below summarizes the demand curve and total cost function faced by a firm with market power. Profit at the profit maximizing level is. wwww TC 30 33 39 48 60 75 MC Profit Next >

QUESTION 1 There is free entry and exit in O only perfect competition O only in monopolistic competition both perfect competition and monopolistic competition O neither perfect competition nor in monopolistic competition QUESTION 2 The equality of marginal revenue and marginal cost to reach a profit maximization level applies to O perfectly competitive markets O monopoly markets O monopolistically competitive markets all kind of markets QUESTION 3 The correct formula to calculate marginal cost is O total cost/Quantity O change in total cost/change in quantity O total cost x quantity O average total cost/quantity O O

1. The following company is in a price taking situation. Price (=marginal revenue) on the market for its products is equal to $3 per unit. Fixed cost is $1000 Fill in the table for all the columns. ( ) At which point should the company stop producing? At this point what is the per unit profit (mark- up or margin) for the company? Qty 0 100 200 300 400 500 600 VC $100 $300 $500 $700 $800 $1200 FC TC AVC ATC MC per unit MR per unit

O 10-Q O 10-20 QUESTION 2 A non-competitive firm's demand curve is P = 10- 4Q. So its MR is O 5-20 O10-4Q N 10-8Q 05-Q OC QUESTION 3 For a non-competitive firm with a demand curve P = 1800-2Q and marginal costs of (Q)? 360 (400

If this firm is producing.... please solve

q 0 1 2 3 4 5 6 TFC $5 5 5 5 5 5 5 TVC $0 3 LO 5 9 16 25 36 MC - $3 2 4 7 9 11 P = MR $5 5 5 5 LO 5 5 5 A profit-maximizing firm should produce a quantity of TR $0 5 10 15 20 25 30 TC $5 8 10 14 21 30 41 Profit $-5 - 3 0 1 - 5 11 units. (Enter your response as a whole number.)