A single firm has a monopoly in the market for doodads and can produce at constant average and marginal costs of C dollars per doodad. The firm faces the market demand curve given by Q = A - Bp, where A, B, and C are positive parameters such that A > BC. 3 (a) Find the profit-maximizing quantity, price, and profit as functions of A, B, and C. (b) Use your part-(a) results to complete the following table: Q P (A, B, C) (60, 1,10) (25, 0.5, 10) (80, 2, 10) (c) Use your part-(b) results to explain why a monopoly has no supply curve in the sense that perfectly competitive firms or industries do. (d) Plot the demand and cost curves given in the part-(b) table along with the associated profit-maximizing quantity-price pairs in the following graph after labelling appropriately the two axes
Answers
a) The profit-maximizing quantity (Q*) is (A - C) / 2B, the price (P*) is (A + BC) / 2B, and the profit (π*) is [(A - C)²] / (4B).
b) Using the part-(a) results: (Image attached)
c) A monopoly has no supply curve because it is the sole producer in the market and can set the quantity and price at its discretion based on maximizing profits.
d) The graph will have the demand curve (Q = A - Bp) and the cost curve (C) plotted.
a) The profit-maximizing quantity (Q*) is found by equating marginal revenue (MR) to marginal cost (MC) and solving for Q. The price (P*) is then obtained by substituting Q* into the demand function. The profit (π*) is calculated as the difference between total revenue and total cost at Q*.
b) Using the parameters given in the table, we substitute the values of A, B, and C into the formulas obtained in part (a) to calculate the specific values of Q, P, and π for each case.
c) A monopoly has no supply curve because it has the ability to set the quantity and price to maximize its profits. Unlike perfectly competitive firms, a monopoly faces a downward-sloping demand curve and can choose a price that maximizes its profits. The quantity supplied by a monopoly is determined by the demand curve and its profit-maximizing strategy, rather than by the intersection of supply and demand as in perfect competition.
d) The graph will show the demand curve, which is a downward-sloping line, representing the relationship between price and quantity demanded. The cost curve is a horizontal line at the level of C dollars per doodad, representing constant average and marginal costs. The profit-maximizing quantity-price pairs obtained in part (b) will be plotted as points on the graph, showing the specific quantities and prices chosen by the monopoly to maximize its profits.
To know more about the Demand curve, here
https://brainly.com/question/32607999
#SPJ4
Related Questions
The return on the Rush Corporation in the state of recession is estimated to be -22% and the return on Rush in the state of boom is estimated to be 31%. The return on the Oberman Corporation in the state of recession is estimated to be 42% and the return on Oberman in the state of boom is estimated to be -15%. Given this information, what is the covariance between Rush and Oberman if there is a 0. 60 probability that the economy will be in the state of boom and an 0. 40 probability that the economy will be in the state of recession. Place your answer in decimal form and not as a percentage
Answers
Based on the return on Rush Corporation at different phases of the economy, and that of the Oberman Corporation, the covariance between both companies is -0.079.
What is the covariance between Rush and Oberman Corporation?First find the returns on both companies:
Rush Corporation:
= (0.60 x -22%) + (0.4 x 31%)
= 0.4%
Oberman Corporation:
= (0.60 x 42%) + (0.4 x -15%)
= 19.2%
The Covariance is:
= 0.6 x (-0.22 - 0.004) x (0.42 x 0.192) + 0.4 x (0.31 - 0.004) x (-0.22 – 0.1780)
= -0.079
Find out more on Covariance at https://brainly.com/question/13073632.
How Microsoft's HoloLens can change your business
Answers
Microsoft's HoloLens, which enables multiple users to share the same view and allows for real-time communication and cooperation with employees around the world, is one of the most significant technological advancements.
The mixed reality/augmented reality headgear known as Microsoft HoloLens was designed and manufactured by Microsoft. The HoloLens, which uses the Windows Mixed Reality technology, is powered by the Windows os. Some of the positional tracking technology used in the HoloLens can be traced back to the Microsoft Kinect, a 2010 add-on for the X box game console. A head-mounted display called the HoloLens can be moved forward and backward as well as up and down. It is fastened to a padded and adjustable inner headband.
To learn more about HoloLens refer here:
https://brainly.com/question/26168606
#SPJ4
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
Read more on jobs here: https://brainly.com/question/26355886
#SPJ1
the procedure for project crashing consists of the following five steps. place them in the correct order.
Answers
The proce-dure for project crashing consists of the follow-ing five steps : -Prepare a CPM-type net-work diagram, -Deter-mine the cost per unit of time (assume days) to expedite each act-ivity, -Com-pute the critical path and -Short-en the critical path at the least cost.
What is project crashing?Project crashing in project manage-ment is a method used to speed up a project's time-line by adding add-itional resources with-out changing the scope of the project.
Project crashing is a schedule com-pression technique. It's most often used when a project man-ager wants to speed up the process to ensure the comp-letion of a project on time or ahead of its original sche-dule with-out changing its scope.
To know more about project crashing click below:
brainly.com/question/13998062
#SPJ4
in a manufacturing company, the budget is used to determine the budgets for manufacturing costs, including the direct materials budget, the direct labor budget, and the manufacturing overhead budget.
Answers
Answer:Production
Explanation:
Which statements apply to a certificate of deposit (CD)? Check all that apply. It is always purchased as a short-term investment. It can be purchased from a banking institution. It is always purchased as a long-term investment. It can be purchased for almost any amount. It is purchased through an individual's employer.
Answers
The statements that apply to a certificate of deposit include;
It can be purchased from a banking institution. It can be purchased for almost any amount.A certificate of deposit is a low-risk investment where the depositor fixes a sum of money in an account for a period of time after which he can collect the investment along with interest accrued. Banks and credit unions are the main financial institutions known for issuing certificates of deposits. It is quite similar to opening a bank account.
The flexibility obtainable from this investment plan allows depositors to fix amounts that are commensurate to their budgets. However, some financial institutions have minimum amounts that are required for certificates of deposit. Different institutions have varying interest rates, therefore, it is necessary to make proper research before opting for an institution.
Summarily, the statements that apply to a certificate of deposit are;
It can be purchased from a banking institution. It can be purchased for almost any amount.Learn more about certificates of deposits here:
https://brainly.com/question/13995118
Answer:
-It can be purchased from a banking institution.
- It can be purchased for almost any amount.
Explanation: just took the test
When trying to work efficiently, how should you prioritize your tasks?
Answers
Answer:
Have a list that contains all tasks in one Identify what's important: Understanding your true goals Highlight what's urgent Prioritize based on importance and urgency Avoid competing priorities Consider effort Review constantly and be realisticOr
Make your to-do list Rank your to-do list Post your to-do list Note your responsibilities Avoid unnecessary tasks Set realistic deadlines Set your break time Put away distractionsan increase in holding cost will increase the economic order quantity, holding all other factors constant.
Answers
An increase in holding cost leads to an increase in economic order quantity (EOQ).
Economic order quantity (EOQ) is a key inventory management technique used to determine the optimal order quantity that minimizes total inventory costs. Holding cost, which includes expenses related to storing and maintaining inventory, is one of the factors that influences the EOQ. When holding cost increases while other factors remain constant, it leads to an increase in the EOQ.
The calculation of EOQ takes into consideration holding cost, ordering cost, and demand rate. Holding cost represents the expenses associated with storing inventory, such as rent, insurance, and staff salaries. When holding cost rises, the cost of holding additional inventory also increases. Consequently, it becomes more cost-effective to order larger quantities of inventory less frequently. This approach reduces the frequency of ordering, minimizing the associated ordering and receiving costs.
By holding other factors constant, such as the ordering cost and demand rate, the impact of an increase in holding cost on the EOQ can be isolated. Holding cost is directly proportional to the EOQ, meaning that as holding cost rises, the EOQ will also increase. This is because higher holding costs necessitate larger order quantities to balance the increased expenses of maintaining inventory.
Ultimately, the objective of EOQ is to strike a balance between holding costs and ordering costs, optimizing inventory management to minimize overall costs. An increase in holding cost prompts an adjustment in the order quantity to ensure efficient inventory control and cost savings.
Know more about the Economic order quantity click here:
https://brainly.com/question/28347878
#SPJ11
John and Jean are married and decide to open three separate accounts for their money. What is the most likely reason for their decision? A. They have too much money and can’t keep it in a single account. B. John and Jean are part of a dual-income family. C. The bank does not allow more than one person to open an account. D. They want someone else to handle their finances.
Answers
Answer:
B. John and Jean are part of a dual-income family
Answer:
B. John and Jean are part of a dual-income family.
Explanation:
TRUE/FALSE. Multipreneurs are businesspeople who have tried a succession of entrepreneurial start-ups without finding an area in which they could be successful.
Answers
False. Multipreneurs are businesspeople who have tried a succession of entrepreneurial start-ups without finding an area in which they could be successful.
Multipreneurs are entrepreneurs who run multiple businesses simultaneously, often in different industries or sectors. They differ from serial entrepreneurs who start and run multiple businesses sequentially, and from portfolio entrepreneurs who invest in multiple businesses but do not necessarily run them. The term "multipreneur" emphasizes the active involvement of the entrepreneur in each of their multiple ventures.
Learn more about Multipreneurs here:
https://brainly.com/question/28740179
#SPJ11
As a project manager, part of your communication plan is to perform backlog clean-up every month. What additional details should the communication plan include? Select all that apply.
Answers
The additional details that should be included in the communication plan for performing backlog clean-up every month are: Location, Type of communication, Recipients, and Duration.
What additional details should be included in the communication plan?The communication plan for performing backlog clean-up every month should include details such as the Location where the clean-up will take place, the Type of communication that will be used (e.g., in-person meeting, email, video conference), the Recipients who need to be informed or involved in the clean-up process.
The Duration of the clean-up session (e.g., how long it is expected to take). Including these additional details in the communication plan helps ensure that everyone is aware of when and how the backlog clean-up will be conducted, facilitating effective coordination and productivity improvement in the organization.
Full:
As a project manager, part of your communication plan is to perform backlog clean-up every month. What additional details should the communication plan include? Select all that apply. Location Type of communication Recipients Duration
Read more about communication plan
brainly.com/question/20563123
#SPJ1
How could a mixed economy incorporate aspects of both market and command
economic strategies to maintain their associated benefits?
Answers
Answer:
It's a magnificent combination of capitalism and socialism.
Explanation:
A mixed economic structure safeguards private property and enables for a degree of economic independence in the usages of resources and also requires governments to intervene in economic initiatives to achieve social objectives. Although the market forces make a decision on costs, demand, supply, etc., there is some government involvement to avoid monopolistic practices and institutional discrimination. There is the independence of economic operation and government involvement with social security under this scheme.
Visit the Web site for a different well-known company, and find the section that lists the company's values. What are the company's values? How do they relate to the products the company sells? Did anything surprise you about the company's values? Why or why not? TIP: If the company's Web site doesn't describe its values, choose a different company. (1-5 sentences
Answers
Visit the Web site for a different well-known company, and find the section that lists the company's values.
I looked through the Microsoft.com company website.
Innovation, diversity and inclusion, CSR, AI, reliable computing, respect, integrity, and accountability are among the core principles highlighted.
Microsoft provides a wide range of goods and services, and all of its values are consistent with the work the business does.
This is not surprising to me because the corporation makes this point in its advertising and other materials.
What are their core values about?Among the mentioned core values are;
Technology can and should be a force for good, and we believe that significant innovation can and will make the world a better place in both large and little ways.
Diversity and inclusiveness are important to our success. To enlighten, challenge, and push our thinking, we draw on the strengths, experiences, and many points of view of our customers and staff.
AI - Our belief is that AI can enhance your talents, free you up to engage in more creative and strategic activities, and assist you or your organization in achieving more when it is created with humans at the heart.
They acknowledge full accountability for all choices, deeds, and outcomes. Therefore, Microsoft provides a wide range of goods and services, and all of its values are consistent with the work the business does.
Learn more about company's values from
https://brainly.com/question/13732928
#SPJ1
Jus de Fruit Co. has set up for automated production of its new bottled Triple Berry Colada. Six samples were taken during the first week of production. The OM team wants to monitor the central tendency of the process. What chart should they use? Is the process in control?
Answers
The X bar chart will allow the team to monitor the central tendency of the process although the process will not be in control.
What is the X bar chart?This refers to a Shewhart control chart that are used to monitor the arithmetic means of successive samples of constant size.
Hence, the X bar chart will allow the OM team to monitor the central tendency of the process although the process will not be in control.
Therefore, the Option B is correct.
Read more about X bar chart
brainly.com/question/13872681
#SPJ1
Which aspect of planning refers to documents that outline how results are to be achieved?
a objectives
b plans
c goals
d performance
Answers
b plans.
The aspect of planning that refers to documents that outline how results are to be achieved is plans. Plans are the detailed outlines or roadmaps that explain how to achieve goals or objectives. They typically include strategies, tactics, timelines, and resources needed to accomplish the desired results. Plans can be formal or informal, and they may be content loaded with supporting data, analysis, and metrics to measure progress and success.
To know more about The aspect of planning
please click:-
brainly.com/question/29781539
#SPJ11
True or false: in a market system, consumers exercise consumer sovereignty, which is crucial in determining the types and quantities of goods purchased.
Answers
In a market system, consumers exercise consumer sovereignty, which is crucial in determining the types and quantities of goods purchased. TRUE
What is a consumer sovereignty?Consumer sovereignty is the economic concept that the consumer has some controlling power over goods that are produced, and the idea that the consumer is the best judge of their own welfare.
Therefore, the correct answer is as given above
learn more about Consumer sovereignty: https://brainly.com/question/4397035
#SPJ1
Something that credit card commercials don't show you is . ...
Answers
The Credit card Commercials do not usually reveal
people making payments for month/year on the credit card purchase.
What is the usage of commercial credit card?A commercial card is a credit card provided by employers to their workers to be used for business transactions.
Commercial cards, which are frequently provided as corporate branded cards with merchants, assist businesses in managing their spending by consolidating all charges made by employees into a single location. What the credit card commercials do not reveal is people making payments on the credit card purchase.
Learn more about credit card here
https://brainly.com/question/26867415
#SPJ1
how can you solve circle geometry in a simple way
Answers
Answer: by using the formula A=pi(3.14) R(radius) squared
Explanation:
Hope that helped
The area is equal to pi multiplied by the square of the radius: a=π⋅r2.
The perimeter of a circle (called the circumference) is equal to pi times the diameter: C=π⋅d.
Do you believe that Hispanic Entrepreneurs have made progress in Business?:
Answers
Answer:
Pls rate Brainliest
Explanation:
I do because they have come up with several good business ideas
1. Give the three (3)
business resources
Answers
Answer:
Financial Resources
Human Resources
Educational Resources
Explanation:
What are Logistics careers?
Answers
The employment process is carried out by which department?
Answers
Answer:
The hiring process is the process of reviewing applications, selecting the right candidates to interview, testing candidates, choosing between candidates to make the hiring decision and performing various pre-employment tests and checks.
Explanation:
The employment process is carried out by Human Resources (HR) division manages the hiring procedure is department.
The HR department is in charge of handling the entire employee life cycle, which includes hiring, onboarding, training, terminating, and providing benefits to employees.
Reviewing applications, identifying the best applicants for interviews, testing candidates, deciding amongst candidates to hire, and carrying out different pre-employment exams and inspections are all part of the hiring process.
Learn more about the employment process, here:
https://brainly.com/question/32297345
#SPJ6
Mary Haran loaned her daughter, Dawn, $20,000 at a simple interest rate of 3.25% per year. At the end of the loan period, Dawn repaid Mary the original $20,000 plus $4875 interest. Deteine the length of the loan
Answers
The end of the loan period, Dawn repaid Mary the original $20,000 plus $4875 interest, the length of the loan is 7 years.
Let's use the simple interest formula to calculate the interest earned on the loan:
Interest = Principal * Interest Rate * Time
We know that the principal is $20,000, the interest rate is 3.25%, and the total interest earned was $4,875.
Plugging these values into the formula, we get:
$4,875 = $20,000 * 0.0325 * Time
Solving for Time, we get:
Time = $4,875 / ($20,000 * 0.0325) = 7 years
Therefore, the length of the loan was 7 years.
Here's a summary of the calculation:
Principal = $20,000
Interest Rate = 3.25%
Total Interest Earned = $4,875
Time = 7 years
Therefore, Therefore, the length of the loan is 7 years.
To learn more about interest click here; brainly.com/question/20898808
#SPJ11
The government of Islandia, a small island nation, imports heating oil at a price of $2 per gallon and makes it available to citizens at a price of $1 per gallon. If Islandians demand curve for heating oil is given by P = 6 =Q, where P is the price per gallon in dollars and Q is the quantity in millions of gallons per year, how much economic surplus is lost as a result of the government's policy?
Answers
Economic surplus is gained rather than lost.
Economic Surplus:Economic surplus is the sum of consumer surplus and producer surplus. It is also known as welfare surplus. Producer surplus occurs when the producer sells the goods for more than the lowest price they are willing to sell for. Consumer surplus occurs when the consumer pays less than the lowest price he is willing to pay for.
P = 6 = Q
It means that consumers purchase 6 million gallons of oil for a price of $ 6 per barrel. It means they are paying $1 for 1 million barrel.
Since, price = demand, thus at a price of $2 per barrel, consumers will still effectively pay $1 for each million barrel.
Quantity consumed at $1 per barrel = 1 million barrel
Quantity consumed at $2 per barrel = 2 million barrel
Economic surplus = (1/2) ($2 - $1) * (2 - 1) = $0.5 million gallon per year
Thus, economic surplus is gained rather than lost.
Learn more about Economic Surplus at:
https://brainly.com/question/14829124
#SPJ4
Select the correct answer.
Why do some critics feel that the IMF should not act to influence exchange rates under some conditions?
A.
They believe that wild swings in currency exchange rates are healthy.
B.
They believe that currencies must find their own market levels.
C.
They fear that the IMF may take over the country’s economy.
D.
They fear that politicians may be using the IMF to cover up their actions.
Answers
Answer:
Explanation:
They believe that currencies must find their own market levels.
what is the primary role of consumers in a free market economy?
Answers
Answer:
The consumer is the one who pays to consume the goods and services produced.
Explanation:
As such consumers play a vital role in the economic system of a nation. In absence of effective demand the producers would lack a key to motivation
Glenmark is an Indian-based multinational pharmaceutical company with approximately S30 billion in sales annually.In the 2021 Annual Report, the Indian company indicated S5.94 billion dedicated to research and development (R&D.Moreover,the pharmaceutical company spent S10.19 billion in marketing and sales in 2021.R&D and marketing expenses represent a large portion of their total fixed costs with more than S16 billion! With this amount injected, Glenmark creates a barrier to entry for other firms that are considering whether to enter the pharmaceutical marketornot. It is only by going global through a large distribution network will Glenmark be able to benefit from economies of scale.By going global,Glenmark will target more customers and spread their fixed costs better. This also explains why multinational company has such high marketing costs. l. Explain whether the capital expenditures by the company is justified and be able to increase market share? 2.Is there any suggestions you would like to give to make its fixed costs better?
Answers
Glenmark's capital expenditures in research and development (R&D) and marketing are justified as they support innovation, product development, and market expansion. To improve fixed costs, the company can focus on streamlining production, optimizing the supply chain, adopting technology, prioritizing R&D projects, and enhancing marketing effectiveness.
1) Whether the capital expenditures by Glenmark are justified and can increase market share would depend on various factors. Investing in research and development (R&D) is crucial for pharmaceutical companies to develop new drugs, improve existing products, and stay competitive in the market. By allocating a significant amount of funds to R&D, Glenmark shows its commitment to innovation and product development, which can lead to the introduction of new drugs and therapies that capture market share.
Similarly, investing in marketing and sales activities is essential for creating awareness, promoting products, and expanding market reach. By allocating substantial resources to marketing, Glenmark aims to attract customers, increase brand visibility, and ultimately drive sales.
However, the effectiveness of these capital expenditures in increasing market share will depend on factors such as the quality and success of the R&D projects, the competitiveness of the products, market demand, competition, and the company's marketing strategies. It is important for Glenmark to monitor and evaluate the return on investment (ROI) of these expenditures to ensure their effectiveness in achieving market share growth.
2) To make its fixed costs better, Glenmark can consider implementing cost management strategies and optimizing its operations. Some suggestions include:
a) Streamlining production processes: Identifying areas where production processes can be improved, reducing waste, and increasing efficiency can help reduce manufacturing costs.b) Supply chain optimization: Evaluating the supply chain and exploring opportunities to reduce costs, such as negotiating better deals with suppliers or optimizing inventory management.c) Technology adoption: Investing in automation and technology solutions can help streamline operations, reduce manual labor costs, and improve overall productivity.d) R&D efficiency: Continuously assessing and prioritizing R&D projects based on their potential returns and market demand can help allocate resources more effectively.e) Marketing effectiveness: Evaluating the effectiveness of marketing campaigns and strategies to ensure the optimal allocation of marketing resources and maximize their impact.f) Cost control measures: Implementing cost control measures throughout the organization, such as regular expense reviews, budget monitoring, and cost-conscious decision-making.By implementing these strategies, Glenmark can optimize its fixed costs and improve profitability, which can contribute to its competitive advantage and market share growth.
Learn more about Product development: https://brainly.com/question/13926448
#SPJ11
Mario invests $1,500 in a savings account that earns 2% interest a year. He also plans to set aside $50 cash a month. X = number of years Savings account: f(x) = 1500(1. 02)x Cash savings: g(x) = 50(12x) Which function represents the total amount Mario will save over x years? 2100(1. 02)x 1500(1. 02)x 600x 500(1. 02)x – 600x 2100x.
Answers
The correct statement is that the function that represents the total amount Mario will save over such number of years is \([1500(1.02)^x] \rm + [600x]\). So, the correct option is B.
Savings are such amounts which are accumulated by a person by making recurring or lump sum contributions into investment instruments offering a fixed and secured rate of returns.
Calculation of savings and investmentsThe formula for calculation of savings can be done by way of calculation of interests that Mario earns over his investing of $1500 in the savings account every year at 2 percent interest.
This function of savings can be shown by the equation \([1500(1.02)^x] \rm\). The calculation of further $50 cash settlements, over which no interests are earned, is represented by \(600x\).
Now, the summation of these two equations will be the total savings of Mario for the number of years he keeps continuing to invest such amounts. This can be represented by \([1500(1.02)^x] \rm + [600x]\)
Hence, the correct option is B that the function that represents the total amount Mario will save over such number of years is \([1500(1.02)^x] \rm + [600x]\).
Learn more about savings and investments here:
https://brainly.com/question/2396701
tell me more about an relationship
Answers
Answer:
A relationship is a true bond that you form with someone. It’s not like, “oh yea, I know that person. They’re nice I guess.” A relationship is like, “We are totes besties.” lol. Or special relationships are like, “That person is so nice. I kinda like-like them. Maybe I’ll ask them to the school dance.” B-u-u-u-t, sometimes other relationships can just be a connection you have with someone. I know this is kinda funny. lol. Good luck, and I hope this helps!
it takes a barber 10 minutes to serve one customer. note: round your answers to 2 decimal places. what is the capacity of the barber expressed in customers per hour? assuming the demand for the barber is 2 customers per hour, what is the flow rate? assuming the demand for the barber is 2 customers per hour, what is the utilization? assuming the demand for the barber is 2 customers per hour, what is the cycle time?
Answers
The capacity of the barber expressed is 6 customers per hour.
The flow rate is 2 customers per hour
The utilization is 33%
The cycle time is 19.8 minutes per customer.
What is Flow rate?Flow rate is the flow that is available for a specified period of time, the flow for a production or customer is determined as per the demand of the service or product.
In the scenario the flow rate is 2 customers per hour. However the capacity of the barber is 6 customers per hour as (60 mins / 10 min per customer).
Utilization is 33% as (flow / Capacity) (2 / 6). This is the total utilized time for the customers available. This represents that only 33% of the capacity of the barber is utilized.
The cycle time is 19.80 minutes per customer if the demand is 2 per hour. (utilization / minutes in an hour) (33% / 60).
Learn more about Flow rate at https://brainly.com/question/27253636
#SPJ1