(Answered) Qdnbsp 603 - 01pcreating the software cost me about 2000 in

Engineering

Q_D = 60.3 - 0.1P.

Creating the software cost me about $2,000 in development and coding. I can produce a copy of the software for $3.00 per unit (constant cost).

a. How many copies of the software should I attempt to sell? At what price should I sell it? How much profit would I make?

b. My patent expires in a year, and I know other economic consultants will produce competing software. What quantity and price will result once competing software emerges? How much consumer surplus will my clients (lawyers) gain once the competitors enter? (For measuring consumer surplus, recall that area of a triangle = ½ * base * height.)

c. How much deadweight loss is created by my patent and monopoly in this software?

View complete question

Computer Engineering, Engineering

Category:- Computer Engineering
Reference No.:- M92566069
Price:- $15

Verified Expert

Priced at $30 Now at $15, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Computer Engineering

At a college 66 of courses have final exams and 56nbsp of

At a college, 66 % of courses have final exams and 56 % of courses require research papers. Suppose that 45 % of courses have a research paper and a final exam. Find the probability that a course has NONE of these two r ...

What are the critical issues we must think about while

What are the Critical Issues we must think about while designing a Lexical Scanner? The results of that development, e.g., discuss both process and product.

In unix programming ordinarily the exec system call follows

In UNIX programming, ordinarily the exec() system call follows the fork() call. Explain what would happen if a programmer were to inadvertently place the call to exec() before the call to fork().

Theeyeshaveitcomnbspbook exchange is a type of e-business

TheEyesHaveIt.com Book Exchange is a type of e-business exchange that does business entirely on the Internet. The company acts as a clearing exchange for both buyers and sellers of used books. For a person to offer books ...

Systems analysis projectpersonal trainer inc owns and

Systems analysis project Personal Trainer, Inc. owns and operates fitness centers in a dozen Midwestern cities. The centers have done well, and the company is planning an international expansion by opening a new "superce ...

Pure gasoline has an energy density of 115600 btu per

Pure gasoline has an energy density of 115,600 BTU per gallon, while ethanol has an energy density of 75,670 BTU per gallon. Gasoline cost $3.70 per gallon. What would the price of E85 (85% ethanol, 15% gasoline) have to ...

Up and down a stringcreate a program called

Up and Down a string Create a program called lastnomeupAndDown take a string input from the user and print out that will substrings of increasing length next to each other until the word is fully printed, then repeat the ...

Question students will turn a basic python set of files

Question : Students will turn a basic Python set of files into one single batch file. This will demonstrate students understanding of sequential scripting. Student will developed a simple 3-6 line code script file. Using ...

Question need a discussion post of 500-700 words in apa

Question: Need a discussion post of 500-700 words in APA format with 4 references & citations. Only For Dr. Silvercoast Layout and Flows In the book Operations Research, (Nigel Slack et al. 192), layout refers to the arr ...

A sequence of natural numbers a1 a2 an is said to be a

A sequence of natural numbers (a 1 , a 2 , ..., a n ) is said to be a degree sequence if there exists an undirected graph on n vertices {v 1 , v 2 , ..., v n } such that the degree of v i is a i for each i = 1, 2, ..., ...

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 Computer Engineering Expert