1 compute the marginal cost curve for ajax. 2 given ajaxs, Ask an Expert

Economics

Ajax Cleaning Products is a medium-sized firm operating in an industry dominated by one big firm Tile King. Ajax generates a multi-headed tunnel wall scrubber which is similar to a model produced by Tile King. Ajax decides to charge the similar price as Tile King to ignore the possibility of a price war. The price charged by Tile King is $20,000.

Ajax has the given short-run cost curve:

,000 - 5,000Q + 100Q2.

1) Compute the marginal cost curve for Ajax.

2) Given Ajax's pricing strategy, find out the marginal revenue function for Ajax?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M923709

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question - in february 2015 wal-mart announced that it

Question - In February 2015, Wal-Mart announced that it would increase the pay rate for all its lowest paid workers. Is this wage increase a growth in fixed costs or variable costs? Would it be affected by output? If Wal ...

Assignment pay discriminationwhy do women earn less than

Assignment: Pay Discrimination Why do women earn less than men? In this assignment you will look at the data on women's and men's pay, and explore reasons for the pay differential. Respond to the 3 key questions below. W ...

Question now that you have gained a good understanding of

Question: Now that you have gained a good understanding of the theoretical basis and the pre modern evolution and application of economic systems central to the rise of Western Civilization. How did economic growth and t ...

Question - a key aspect of this study is reflection about

Question - A key aspect of this study is reflection about your understandings and positionings as a pre-service teacher in relation to Indigenous Australian education. This essay is a reflective and analytical piece that ...

Question in the early stages of recovery the sampp 500 and

Question: In the early stages of recovery, the S&P 500 and other broad-based stock market indexes generally rose at least 25%. Yet in the months of the first three quarters of 2002, these indexes dropped over 30%. Why di ...

Question 1 what motivations are assumed to underlie the

Question: 1. What motivations are assumed to underlie the "public interest" and the "economic" theories of legislation (self-interest paradigm)? 2. Must a theory be accurate 100 percent or even 80 percent of the time to ...

Question from the work it out effects of trade barriers you

Question: From the Work It Out "Effects of Trade Barriers," you can see that a tariff raises the price of imports. What is interesting is that the price rises by less than the amount of the tariff. Who pays the rest of t ...

Question consumer service at sce consists of handling

Question: Consumer service at SCE consists of handling outages, resolving bill disputes, extending service to new customers, and similar activities. Consumer service is a major functional department of the company, but t ...

Question classify the following as consumption fixed

Question: Classify the following as consumption, fixed business investment, residential construction, inventory investment, exports, imports, government purchases, intermediate goods, or none of the above. (A) Student pu ...

Question - let y be a random variable distributed as shown

Question - Let Y be a random variable distributed as shown in the accompanying table. y 0 1 2 3 p(y) 0.4 0.3 0.2 0.1 A) Find the mean of Y or, E(Y). B) Find the standard deviation of Y, or sd(Y).

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert