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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?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M923709

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