Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Economics Expert

Equation for MR curve

The kinked demand curve in an oligopolistic market is defined by the equations: P = 140 - 0.5Q, and
P = 200 - 2Q.

a) Derive equations for the marginal revenue curves.

b) Determine the price and quantity at the "kink" of the demand curve.

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M927236

Have any Question? 


Related Questions in Business Economics

Suppose that the supply curve for the labour to a firm is

Suppose that the supply curve for the labour to a firm is given by L = 100w and the marginal expense of labour curve is given by MEL =L/50 where w is the market wage. Suppose also that the firms demand for labour (margin ...

There are linkages between the microeconomic decisions made

There are linkages between the microeconomic decisions made by managers and the macroeconomic environment. There are numerous examples from the current recession of company layoffs at the micro level, directly influenced ...

Java a billing program that adds up the items a user enters

Java a billing program that adds up the items a user enters. A simple loop and nested if statement program that should use a loop and prompt the user for the item number for each item in inventory to add to the bill. (On ...

How would a keynesian monetarist and neoclassical theorist

How would a Keynesian, Monetarist, and Neoclassical Theorist would each propose promoting economic growth to our economy based on it's current state? Discuss the cause and effect variables that each theory uses to explai ...

Write an algorithm that adds up a sequence of twenty

Write an algorithm that adds up a sequence of twenty numbers and outputs the sum of the numbers as well as the average of the numbers.

Economics for business assignment-topics for group

Economics for Business Assignment- Topics for Group Assignment - GDP - Compare Australia with any other economy and discuss their GDP last 2 to 5 years and factors affecting their GDP. Unemployment - Discuss the unemploy ...

Refer to the above diagram which shows demand and supply

Refer to the above diagram, which shows demand and supply conditions in the competitive market for product X. Other things equal, a shift of the supply curve from S 0 to S 1 might be caused by a(n): government subsidy pe ...

1 what is the purpose of constructing a brand bulls eye2

1) What is the purpose of constructing a brand bull's eye? 2) Define value proposition. Pick one of these examples and discuss the difference in value proposition between the two alternatives i) Between a Porsche 911 and ...

Quarterly deposits of 1000 are made at t123456 and 7 then

Quarterly deposits of $1,000 are made at t=1,2,3,4,5,6, and 7. Then, withdrawls of size A are made at t=12,13,14, and 15. If the fund pays interest at a quarterly compunding rate of 4%, what value of A will deplete the f ...

With big boost from sugar cane brazil is satisfying its

With big boost from sugar? cane, Brazil is satisfying its fuel needs Brazil is almost? self-sufficient in ethanol. Brazilian ethanol is made from sugar and costs 83cents per gallon whereas U.S.? ethanol, made from? corn, ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate