首页
登录
职称英语
A plastics monopolist faces the demand curve P=180 - Q, where Q is measured in
A plastics monopolist faces the demand curve P=180 - Q, where Q is measured in
游客
2025-06-21
20
管理
问题
A plastics monopolist faces the demand curve P=180 - Q, where Q is measured in thousands of pounds per year and P is measured in dollars per pound. Marginal cost is constant at MC=$60 per pound.
(a)Find the monopolist’s profit-maximizing price and quantity.
(b)What is the elasticity of demand at the profit-maximizing price?
选项
答案
(a)Set MR=MC, or 180-2Q=60 to find Q* =60 and P* =180-60=120.
(b)The point elasticity of demand at P* = 120 is Ed=-bP/Q=-1 (120/60)=-2. As is always true with linear demand, the monopolist produces in the elastic portion of the demand curve.
解析
转载请注明原文地址:http://tihaiku.com/zcyy/4128357.html
相关试题推荐
Debitinstructionsarisewhenthepartytowhompaymentistobemadedemandsth
IfthedemandforCDsismoreelasticthanthesupply,a$3-taxperCDwillincr
WhichofthefollowingwillNOTcauseashiftinthedemandforbaseballs?A、Very
Thedraweedoesnothavetopayimmediatelywhenademandbillispresentedtoh
Anexampleofamoneymarketinstrumentis______.A、ademanddepositatcommercia
Whichoneofthefollowingstatementsaboutthedemandformoneyisincorrect?__
Thetransactionsdemandformoney______.A、increasesasGNPincreasesB、isreduce
ThePhillipsCurveshowstherelationshipbetween______.A、aggregatedemandanda
Thepriceofhotdogsincreasesby22%andthequantityofhotdogsdemandedfal
Utilityrefersto______.A、ashiftinthedemandcurveforagoodB、adeclinein
随机试题
HowwasthefoodattheHappyRestaurant?[br]Whydidmoreandmorepeoplecame
TheworstrecessionsinceWorldWarIItookplaceonthehighstreet,witho
Bothscientistswarnedthatglobalwarmingcould____________(妨碍臭氧空洞的修复),whichi
Therapywillextendtofamiliesofvictimswhooftensuffertheirowntraumabec
Whatdoestheword"synaesthesia"refersto?[br]Accordingtothelastparagrap
Themid-18thcenturywaspredominatedbyanewlyrisingliteraryform—______,wh
Columbus’decisiontosail______hisbeliefthattheglobeisround.A、broughto
A.感染性休克B.失血性休克C.心源性休克D.过敏性休克E.神经源性休克大面积心
最近,一则源自Q县纪委监察委网站的通报引爆了网络。 关于张某在省脱贫攻坚巡
关于目标管理的说法,错误的是( )。A.目标管理强调,应通过群体共同参与的方式
最新回复
(
0
)