A firm’s cost equation is given by TC = 200 + 10Q.  The price elasticity of demand is -2.  What is the optimal price to charge?

The cost, in dollars, to produce x designer dog leashes is C(x) R(x) 7x + 10, and the revenue function, in dollars, is - 3x? + 55x - Find the profit function. P(x) = -322 + 48x – 10 Find the number of leashes which need to be sold to maximize the profit. 8. Select an answer Find the maximum profit. 182 Select an answer > Find the price to charge per leash to maximize profit. Select an answer > V Select an answer What would be the be much for a leash? dogs too much money for a lea leashes dollars

Let's say there is demand in a market. The unit cost of production of the good is fixed and is at level 3. If you had a technology that could reduce this cost to 1, how much would you sell the pantent of the technology you have? (Hint: How much does society spend to get the technology you have?)

A typical firms supply curve is perfectly inelastic when the price is below or above the break-even price. It is infinitely elastic when the price equals the break-even price. True False

The demand function of dog breeders for electric dog polishers is qb = max{200−p, 0}, and the demand function of pet owners for electric dog polishers is qo = max{90 − 4p, 0}. (a) At price 150, what is the price elasticity of dog breeders’ demand for electric dog polishers? (it's a negative number) (b) At price 15, what is the price elasticity of pet owner’ demand for electric dog polishers? (it's a negative number) (c) Find a nonzero price at which there is positive total demand for dog polishers and at which there is a kink in the demand curve. $_____. What is the market demand function for prices below the kink. What is the market demand function for prices above the kink? ______ + P

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If the price is given as 20 per unit and the given quantity is $150 billion  Find the Total revenue

Firms in a competitive market can sell as much as they like at a market price of $16. The cost function for each firm is TC = 50 + 4Q +2Q². The associated marginal cost function is MC = 4 + 4Q and the point of minimum average cost is Q = 5. How much profit is each firm earning?

Question 1 Sal's Streaming Company streams TV shows to subscribers in the US and Canada. Demand is Qus 50 (1/3)Pus - QCA 80 (2/3)P CA = - where Q's are in thousands of subscriptions per year and P's are the subscription prices per year. The cost of providing Q units of service is given by TC = 1000 + 30Q, where Q = Qus+ QCA (a) What are the profit-maximizing prices and quantities for the US and Canadian markets? (b) As a consequence of a new VPN service that Facebook has developed, subscribers in Canada are now able to get the US streams and vice versa, so Sal can charge only a single price. What is the profit-maximizing single price that he should charge? (c) In which situation is Sal better off? In terms of consumers' surplus which situation do people in Canada prefer and which do people in the US prefer? Why?

If the inverse demand function is P=10-Q and total cost is C=2Q, what is the optimal fixed cost to be charged in a two part pricing ?