What is the firms revenue function? graph this function., Ask an Expert

Economics

A firm faces the following demand function:

Q=. 12-P. For 0

20-2P. For 8

0. For 0>10

A. Graph this demand function. For what value of Q Does this function have a kink?

B. What is the firms revenue function? Graph this function.

C. Give a plausible reason why a firms demand might look like this.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M9446816

Have any Question?Write your Review or question?

Related Questions in Business Economics

Consider a banking model with delegated monitoring markets

Consider a banking model with delegated monitoring. Markets are perfectly competitive. There is a large number of borrowers who lack the funds and a large number of lenders who have the funds. Each lender has 10 goods to ...

In simple termswhat does it mean for two probabilities to

In simple terms,What does it mean for two probabilities to be mutually exclusive? Provide an example of probabilities that are mutually exclusive

A sample of 1000 crop-eating beetles are collected and

A sample of 1,000 crop-eating beetles are collected and closed and dosed with a new pesticide. Researchers count dead beetles to measure toxicity of the pesticide, finding that 639 beetles die after being dosed. the samp ...

First two questionsdemand qdnbsp 175-5psupplyqsnbsp 1923p -

First two questions, Demand: Q d = 175-.5*P Supply:Q S = 1.923*P - 163.462 There is a $50 unit tax on the supplier side. what is the new equilibrium price? I know the new price is 179, looking for the formula explainin ...

Why are farmers paid so littlenbspthe price of agricultural

Why are farmers paid so little? The price of agricultural goods like chickens and coffee has been falling for decades and the share going to farmers has also been falling. What is the "Global division of labor" in food ...

Explain and discuss the following quotepoliticians can be

Explain and discuss the following quote: "Politicians can be strange. They have been calling for the breakup of firms as diverse as energy companies and tech giants like Microsoft and Google because they believe these co ...

Use the following table to find thenbspsteady-state values

Use the following table to find the? steady-state values of the? capital-labor ratio and output if the? per-worker production function is y t = 2k t 0.3 . Saving rate (s) = 0.37 Depreciation rate = 0.04 population growt ...

British environmentalist kate humble recently made the

British environmentalist Kate Humble recently made the following statement: "Everyone's going to hate me and call me a middle-class bitch but I'm past caring because I'm so incensed. Food waste is endemic but we don't va ...

The police lieutenant in charge of the traffic division

The police lieutenant in charge of the traffic division reviews the number of traffic citations issued by each of the police officers in his division. He finds that the mean number of citations written by each officer is ...

What is the putting out system what does it illustratea an

What is the "putting out" system? What does it illustrate? a. An experimental system in which white slave owners assigned slave families a plot of land, and let the slaves market X% of the resulting harvest. This illustr ...

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