A manufacturer faces the demand function, 20Q + 5P = 120 (where Q is quantity and P is price), and has the marginal cost function, MC = 1+0.8Q. If the manufacturer maximises revenue instead of profit, how will this affect consumer surplus?

A toy manufacturing from has demand for the product is given by the demand function Q= 500 - 3p. Where P   is the price in dollars and q is the quantity sold per year. To sell 200 units, what price should the firm charge.

Feedback Imagine that the flat-screen TV market is made up of one large firm that leads the industry and sets its own price first, and another firm that follows the leader when deciding its own profit-maximizing strategy. The leader has a cost function of c₁ (91) = 5q1, and the follower has a cost function of CF (ar) = 4, where Q =q₁ + qr. Total market demand for flat-screen TVs is given by the function Q = 250.00-2p. Calculate the following values: Leading firm's production: q = Follower firm's production: qp = Equilibrium price: p= $49.37 9 OF 16 QUESTIONS COMPLETED 118.33 32.92 (Round to two decimals if necessary.) (Round to two decimals if necessary.) (Round to two decimals if necessary.) See Hint 4 VIEW SOLUTION SUBMIT ANSWER

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 ?

The widget market is competitive and includes no transaction costs. Five suppliers are willing to sell one widget at the following prices: $26, $14, $10, $5, and $3 (one seller at each price). Five buyers are willing to buy one widget at the following prices: $10, $14, $26, $34, and $42 (one buyer at each price). For each price shown in the following table, use the given information to enter the quantity demanded and quantity supplied. Price Quantity Demanded Quantity Supplied ($ per widget) (widgets) (widgets) $3 $5 $10 $14 $26 $34 $42 In this market, the equilibrium price will be per widget, and the equilibrium quantity will be widgets.

A firm's demand function for a certain good is given by P= 100e-010. Its total cost function is TC = 100e-01e +50. What output level maximizes the firm's profit?

Producer surplus is the difference between the price the firm would be willing to sell its food for and the price the firm actually receives. True or false

The demand and supply equations for product A are given by the following equations: P = 40 – 5Q P = 10 + 2.5Q A. Compute the price elasticity of demand at equilibrium B. Compute the price elasticity of supply at equilibrium C. What is the marginal revenue at equilibrium

Solve step by step please If ? = −0.5? + 450 is a demand equation, where ? is the price of the good and ? is the quantity of product demanded, find the marginal revenue function and interpret.