(Answered) Consider there are many firms with cost function cqq2-2q1a

Management Studies

Consider there are many firms with cost function C(Q)=Q2-2Q+1

a. Calculate marginal cost of these firms, MC(Q)

b. Find a competitive equilibrium â equilibrium quantity Qc and equilibrium price Pc

a) The marginal cost is 2Q-2

b) If the demand curve is P=10-Q, TR=10Q-Q^2, MR=10-2Q, MC=2Q-2' equating the MC=MR, 10-2Q=2Q-2, Q*=3, P=$7

c.) Now suppose there is a monopoly (instead of multiple firms on the market) with same C(Q) c. Write down profit (Ã) of this monopoly as a function of Q only (should not containP) d. Find derivative of profit Ã with respect to Q

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92284613
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

Are communication apps like slack replacing face to face

Are communication apps like Slack replacing face to face meetings between supervisors and employee's? If so, why?

What is the difference between a greenfield investment and

What is the difference between a greenfield investment and an acquisition? Which form of investment is a firm more likely to choose?

Generate a c program for fibonacci function using stack

Generate a C++ program for Fibonacci function using Stack Fibonacci function Fib(n) is given below. Fib(n)= Fib(n-1) + Fib(n-2) for n > 1 Fib(n)= 1 for n=1 Fib(n)= 0 for n=0 Using following initialization unsigned int *F ...

There are many channels of communication within the

There are many channels of communication within the workplace. How would you determine which channel(s) to use to disseminate all of the various types of information that need to be communicated within any given day at y ...

May an air carrier charge for such accommodation and in

May an air carrier charge for such accommodation and in what Code of Federal Regulation is that specified?

Paraphrase this answer bellowsuccessful implementation of

Paraphrase this answer bellow. Successful implementation of the TPP could have been regarded as the most important trade agreement that could have benefited members and non-members. The deal could have led to the liberal ...

1 in the united states many agricultural products such as

1. In the United States, many agricultural products (such as corn, wheat, and rice) are subsidized. What are the benefits of subsidizing these products? Instructions: You may select more than one answer. Click the box w ...

Discuss the security measures that are currently in place

Discuss the security measures that are currently in place and how these security measures effect transportation and logistics management.

Why might teams composed of millennials and baby boomers

Why might teams composed of millennial's and baby boomers benefit from having moderate levels of group cohesiveness?

What is important about claims and determining benefitswhat

What is important about claims and determining benefits? What is important about member services? How do these interact with each other?

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 Management Expert