Consider a monopoly whose total cost function is tc = 10 + 5q + 2.5q2 and whose marginal cost function is mc = 5 + 5q. the demand function for the firms good is p = 115 - 0.25q. the firm optimizes by producing the level of output that maximizes profit or minimizes loss. if the firm uses a uniform pricing strategy, then the firm will

Answers

Answer 1

 Uniform pricing offer the same charge to all clients. Assistances of this strategy contain the comfort of administration and the client goodwill created by such a rule. The main difficulty is that an inflexible uniform pricing policy can effortlessly be matched or weaken by opponents.

But if the company will still use this kind of pricing strategy then it will produce 20 units of output, charge a price of $110, and earn a profit of $1090.

P = 115 - 0.25(20)

= 110

 

MC = 5 + 5q

= 5 + 5(20)

= 105

 

TC = 10 + 5q + 2.5q2

= 10 + 5(20) + 2.5(20)

= 160

 

= 160 – 105

= 55

 

Profit = 55 X 20

= 1200 – 110

= 1090


Related Questions

Vivian owns an art supply store and traffic for her "painting" product group is increasing. to optimize the performance of her painting products, vivian should:

Answers

To optimize the performance of her painting products, Vivian should subdivide the product group and move budget allocation to the best performing products. Product group can be organized for all products. The groups can be categorized by brand or product category.

What are some of the barriers to good communication?

Answers

The use of jargon. ...
Emotional barriers and taboos. ...
Lack of attention, interest, distractions, or irrelevance to the receiver. ...
Differences in perception and viewpoint.
Physical disabilities such as hearing problems or speech difficulties.

Which action by the federal reserve would help to slow down rising inflation?

Answers

the action that the federal reserve would do is Sell Bonds.
By selling the bonds, the money will circulate from the hands of the people to the bank in exchange for interest revenue.  Since now there is less money circulated in the market, it will become rare and the currency power will start to increase again over time.

Policies that can be taken to overcome the problem of inflation are:

Fiscal policy Save Government Expenditures Increase Tax Rates Monetary policy Determination of Cash Inventory Policy Discount Policy Open Market Operations Policy Other Policies Increase Production & Increase Number of Goods in the Market Setting a Maximum Price for Several Types of Goods

Further Explanation

Inflation is a state of the economy in a country where there is a tendency to increase prices of goods and services in general in a long time (continuous) due to the imbalance in the flow of money and goods. Inflation is an economic phenomenon that cannot be completely eliminated.

There are several factors that influence inflation. In general, the cause of inflation is due to an increase in demand and production costs. In detail, here are some of the causes of inflation:

Rising Demand (Demand-Pull Inflation)

This can be caused by several factors, including:

Increased government spending Increased demand for goods to be exported Increased demand for goods for the private sector Increased Production Costs (Cost Pull Inflation)

As for the increase in production costs caused by rising prices of raw materials, for example:

Fuel prices go up Labor costs are rising High Circulation of Money

The types of inflation can be divided based on 3 things, namely the severity, causes, and sources. Next, we look at the division in detail:

Based on the severity, inflation is divided into 4 namely: Mild Inflation Moderate Inflation Heavy inflation Very Heavy Inflation (Hyperinflation) Based on the cause, inflation can be divided into 3, namely: Demand-pull inflation, namely inflation that occurs because the demand for goods/services is higher than can be met by producers. Cost-push inflation, namely inflation that occurs due to an increase in production costs so that the price of goods supply rises. Bottleneck inflation, which is mixed inflation caused by supply or demand factors. Based on the source, inflation can be divided into 2, namely: Domestic inflation, namely inflation sourced from within the country. Imported inflation, namely inflation sourced from abroad.

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Class: High School

Subject: Business

Keywords: Inflation, economic, policy

The invention and rapid diffusion of more productive agricultural techniques is called ________, that involves introduction of ________ and the expanded use of ________.

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The invention and rapid diffusion of more productive agricultural techniques during the 1970s and 1980s is called the Green Revolution. The Green Revolution involves introduction of new higher-yield seeds and the expanded use of fertilizers. These are the two main practices of the Green revolution.

Leon’s goal was to save $100 in a year, but he saved $120. What percent of his goal did he reach?

Answers

He reached his goall by 120%

Answer:

120$

Explanation:

Honeybees perform a waggle dance to indicate the direction of

Answers

They perform a " waggle dance" to indicate the direction of the hive and also to tell them how to get to flowers- it's sort of like a map for them

They perform a " waggle dance" to indicate the direction of the hive and also to tell them how to get to flowers- it's sort of like a map for them.....

Which piece of information always appears on third party cards?

Answers

Final answer:

The question deals with information on the magnetic strip of third-party cards, where the cardholder's account number always appears. Additional data such as the cardholder's name and expiration date may also be present, and minimal necessary information sharing is urged for security.

Explanation:

The question relates to the type of information that is typically encoded on a magnetic strip found on the back of third-party cards like credit cards and driver's licenses. These strips contain encoded information essential for the authentication and authorization processes when the card is swiped for transactions. The piece of information that always appears on these cards is the cardholder's account number. Additionally, the strip may also contain the cardholder's name, the card's expiration date, and a country code. Security measures are implemented to protect this sensitive data, including electromagnetic induction during the swiping process that reads the encoded information without direct contact.

It's important to only provide the minimum information required by any source when using your card and to be vigilant about how this information is collected, used, and who has access to it. Regular monitoring of your credit history is recommended to check for any red flags indicating potential identity theft.

What qualifications are the officials of lilliput expected to have in order to hold high office?

Answers

Final answer:

Officials in high office historically were often expected to have a mix of qualifications, including aristocratic lineage, success in civil service examinations, local or national political influence, and sometimes merit demonstrated through academic or military achievements. Appointments could also happen through lotteries to combat corruption, and democratic processes require evidence of electoral support.

Explanation:

The qualifications of officials expected to hold high office in various historical contexts often included a mix of meritocracy and aristocratic lineage. For example, during the Tang dynasty, connections to influential families or the imperial house were crucial. Successful civil service examinations could also lead to government positions, but they did not fully challenge aristocratic power. In the Han dynasty, local political power could lead to national political power, with recommendations by magistrates favoring men from prominent clans. Similarly, in Silla, routes to office included being part of elite groups like the 'Flower Youths' or demonstrating academic or martial prowess.



Despite these varied paths to power, corruption and patronage were common concerns, and some governments instituted systems to reduce such issues. For instance, some offices required appointments by lot, rotation of positions, and, in certain democracies, the demonstration of adequate electoral support by officials. Monarchies would often require proof of proper lineage to justify holding a position of power. However, in general, the most prestigious and common route into government was through examinations, yet as certain gentry families established themselves, examinations remained important for status, but the offices were often filled by individuals from these families.

when you're attending a college fair, the best way to make use of your time is to

Answers

See which college interests you the most

"the four asian tigers were the first countries in asia, after ____, to move from a status of developing countries to newly industrialized countries."

Answers

The Four Asian Tigers were the first countries in Asia, after Japan, to move from a status of developing countries to newly industrialized countries. The four countries were inspired by Japan's evident success, and they collectively pursued the same goal by investing in the same categories

1) Benjamin has saved $40.00 for concert tickets, but decides to buy a new pair of jeans instead. In this scenario, what do the concert tickets MOST LIKELY represent?

Answers

The concert tickets are represented as an opportunity cost. 
The concert tickets would most likely represent an opportunity cost.

ECONOMIC HELP!!!!!!!!
Which of these is MOST LIKELY a result of a high unemployment rate in the United States?

A)
increased revenues

B)
increased demand for consumer goods

C)
increased production of capital goods

D)
greater government expenditures for transfer payments

Answers

D greater government expenditures for transfer payment.

Increasing W-4 allowances will ________ the net pay in your paycheck and ______ your total tax burden.

Answers

The answer is Increase and Decrease
W-4 allowance is deducted directly from the total of your salary by the employers.This means that the amount of money that you could take home will be reduced.
Since the employers now in the possession fo a certain percentage of your income, the tax burden is now no longer in your hands, which will reduce your amount of tax payment.

Which of these describes an economic incentive for entrepreneurs?

Answers

An entrepreneur does not have to share any profits with an employer would be an example of the Economic incentive.
In general, many corporations set up a regulation for its employees who want to open up a business, in which that they're allowed to do it under their employmment as long as they share a percentage of the profit for the company. If this regulations are gone, the entrepreneur would obtain more profit.

Answer:

C.)  motivates producers or consumers to take action.

Explanation:

An economic incentive is best described as something that: C. motivates producers or consumers to take action.

An economic incentive can be defined as a financial motivation, reward, or compensation that are given to either the employees working in an organization, business firms (producers), agriculturalists (farmers), or consumers, in order to motivate them to do more or take certain steps (actions) and give their best.

When a firm uses unit production, a _______ structure with a _____ managerial span of control is most appropriate?

Answers

When a firm uses unit production, a flatter structure with a low managerial span of control is most appropriate. The span of control is referenced to show how many subordinates that a supervisor has. A flat organization is where there are few if any levels of middle management.

The degree of a consumer's willingness to adopt new products and services shortly after they have been introduced is known as ________.

Answers

Consumer innovativeness I think.

The degree of a consumer's willingness to adopt new products and services shortly after they have been introduced is known as consumer innovativeness.

What is Consumer?

A consumer is referred to as an end user of any product. He is the person who utilized or consumes the goods. For example, when parents purchase baby food, they will be considered customers, not consumers the is a kid.

Consumer innovativeness describes how consumers respond to a particular product, which is the willingness to quickly adopt new goods and services after their introduction.

This describes the personality and behavioral approach an individual has toward a thing. It entails whether a consumer feels free to use new products or feels resistance to adopting a new change that has been introduced to them.

Learn more about consumer innovativeness, here:

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In order for team members to communicate effectively, they need the discipline to _______.
a. Listen to people they agree with
b. Speak only when spoken to
c. Speak to those who disagree
d. Listen first and speak second

Answers

The answer is d. Listen first and speak second.

Answer:

d. Listen first and speak second.

Explanation:

Which incentives do interest groups engage in to overcome the free rider problem?

Answers

An incentive that interest groups engage in to overcome the free rider problem is packaging a selective incentive, a private good available to members only, with public goods produced by the interest group. This type of packaging is also used by American Association of Retired Persons or ARRP and other interest groups. 

An advertiser who works for a large company wants to make frequent specific changes to bids based on criteria

Answers

The efficient tool for the advertiser to use is ADWORD EDITOR.
AdWord Editor is a software application for managing adword advertising campaigns. It is an editing tool from google which allows users to do bulk editing and offline editing of campaigns. 

Which type of currency was not used in the united states during its early years?

Answers

According to answers.com its greenbacks

The answer is: Greenbacks

Greenbacks is the slang or street name that is used to describe paper money that we currently use now. During its early years, most people in united states only acknowledge metals such as gold and silvers as a legitimate medium of payments.

What was the purpose of the national bank according to hamilton?

Answers

Hamilton believed the National Bank would help stabilize the economy. It would create a place where the government could safely deposit money, and the bank would also be able to make loans to the government and businesses. Thus businesses could be started, and when the businesses are successfully running it would increase the money earned by both the individual people and the government. People would be willing to spend more on goods, allowing others to make bigger profits and also be willing to spend more basically he thought it was constitutional

According to herzberg's theory, the first thing managers of employees who dislike their jobs should do is to

Answers

According to the theory of Herzberg’s, the first thing that managers of employees who dislike their jobs should do is to provide a reasonable explanation in terms of their job description, working conditions regarding of what they should and not do, make sure there is a presence of pay levels and there are policies to be implemented.

Which idea is explicitly stated in the article "what a bad flu season could cost the us economy"?

Answers

C. Some sources say the flu vaccine could lessen negative affects on the economy.
- Apex
Yearly flu outbreaks have a negative effect on the u.s. economy (Apex I just got it right)

Consumer reports found 68 percent of start-up financing for entrepreneurs comes from:

Answers

I think its personal resources 

Kate and tom are dating. kate's car breaks down and she calls tom to come pick her up because she is stranded. if tom chooses to go and help kate, this is likely to

Answers

Helping each other when needed increases the feeling of respect and love for that makes any relationship much stronger.
In the above question, if Tom chooses to go and help Kate, it will to build a trust between both of them. Kate will feel that she can rely on Tom and he will always help her when needed. Tom will also start liking Kate more after helping her.

The transfer price that would leave a buying division no worse off if an input is purchased from an internal division is called _____.

Answers

Minimum transfer price

Constituency service and private bills are common forms of patronage. true

Answers

That statement is true.
Patronage refers to the preferential treatment that given by the government to a certain organization. Patronage would give a competitive advantage for that organization over the one who don't receive it and usually only given to the company would give the incentive back to the government after obtaining the profit.

Which action is characteristic of voluntary simplicity?

a. learning to live with much less

b. working more to provide for more family wants

c. using products with greater environmental impact

d. adding more possessions that last longer

e. increasing adoption in underdeveloped societies?

Answers

A. Learning to live with much less

If your gross pay is $678 for the week, and you earned 11% on sales plus a salary of $345, what were your total sales?

Answers

678-345= 333

333*(100/11) =

answer is 3,027.27

Answer:

Total sales = $3,027.272727

                  = $3,027.28               (to 2 decimal places )

Explanation:

Gross Pay                = $678

Salary                       = $345

Let total sales          = x  

Earnings on sales    = 11% of sales = 11% of x

Gross pay                = Salary + 11% of Sales

                  $678     = $345 + (11% of x)

                  $678     = $345 + 11x/100

                  $678     = $345 + 0.11x

Subtract $345 from both sides

      $678 - $345    = $345 - $345+ 0.11x

                  $333    = 0.11x

Divide both sides by the coefficient of x (i.e. 0.11)

          $333/0.1`1    = 0.11x/0.11

    $3,027.272727 = x

                       x      =  $3,027.28              (to 2 decimal places )

Acme co. just completed the incorporation process and received its articles of incorporation from the state. at the first organizational meeting of the new company, the officers' most important task is to:

Answers

the officer's most important task is to adopt by-laws,
In business term, by-laws refers to set of rule that created by the company in order to control the action of its members.
The company need to do this because The action of its members could affect the whole operation of the company whether it's from operational point of view or from company's reputation within the society.
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