Ajax cleaning products is a medium-sized firm operating in, Ask an Expert

Economics

Q. Ajax Cleaning Products is a medium-sized firm operating in an industry dominated by one very large firm Tile King. Production of a Ajax is multi-headed tunnel wall scrubber that is very similar to a model produced by Tile King. Ajax has decided to charge the same price as Tile King to avoid the possibility of a price war. The price charged by tile King is $20,000.

Ajax has the following short-run cost curve:

TC=800,000 - 5,000 Q + 100Q 2

a. Calculate the marginal cost curve for Ajax

b. Given Ajax's pricing strategy, illustrate what is the marginal revenue function for Ajax?

c. Calculate the profit-maximizing level of output for Ajax

d. Calculate Ajax's total dollar profits.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M9162129

Have any Question?Write your Review or question?

Related Questions in Business Economics

Elenas income is 600 she spends all of it on tickets to

Elena's income is $600. She spends all of it on tickets to concerts and films. A concert ticket costs $30 and a film ticket costs $10. How many tickets of each type will be in Elena's optimal consumptionbundle? Her MRSCF ...

In a survey of 400 adults that say traffic is a problem

In a survey of 400 adults that say traffic is a problem: East reported 36% is a problem, South 33% problem, Midwest 26% problem and West 55% problem. (a) The 95% confidence interval for the proportion from the West say ...

If the market for a good is operating in the inelastic

If the market for a good is operating in the inelastic range of market demand. Which of the two policy that follow is more effective when handling (technical) externalities: Cap-and-trade or emissions fee?

151 153 152 146 148 152 15 152 15 154157 148 154 155 149

15.1 15.3 15.2 14.6 14.8 15.2 15 15.2 15 15.4 15.7 14.8 15.4 15.5 14.9 14.9 14.9 15.3 15.5 15.4 15.1 14.7 15.1 14.6 14.7 15.2 15.4 15.4 14.5 15.5 15.1 14.8 14.9 14.6 14.6 15.4 15 15.3 15.5 14.9 15.2 15.2 15 15.1 14.7 14. ...

Each of 30 teams in a league has a demand for generic

Each of 30 teams in a league has a demand for generic advertising of Q = 260 - 4P. Price is measured in thousands of dollars. Ads cost $510,000 each. How many ads will the teams want to purchase as a group?

How does a high-tech industry differ from most other

How does a high-tech industry differ from most other industries? Provide two examples.

Explain huffman coding to me ie how it works with examples

Explain Huffman Coding to me: i.e. how it works, with examples, in a clean, precise manner.

A package contains 9 resistors 2 of which are defective if

A package contains 9 resistors, 2 of which are defective. If 5 are selected, find the probability of getting the following results. Please round the answer to six decimal places. 0 defective resistors P(0 defective)=

Identify a recent mergeracquisition that does not include

Identify a recent merger/acquisition that does not include Amazon and use it to and explain: was the merger/acquisition predominately about gaining economies of scale or economies scope?

Is implementing tqm can be difficult amp expensive1 what do

Is Implementing TQM can be difficult & expensive. 1) What do you think are the top 3 or 4 causes of implementation failure? 2) Why are these issues are such a problem.

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 Business Economics Expert