You are the manager of a monopoly firm with (inverse) demand given by P = 50 - 0

Question

You are the manager of a monopoly firm with (inverse) demand given by P = 50 - 0.5Q. Your firm's cost function is C = 40 + 5Q2. Your firm's marginal revenue is P = 50 - 0.5Q. P = 100 - Q. P = 50 - Q. There is insufficient information to determine the firm's marginal revenue. You are the manager of a monopoly that faces a demand curve described by P = 85 - 5Q. Your costs are C = 20 + 5Q. The revenue maximizing output is .85. 9. 10. none of the statements associated with this question are correct. You are the manager of a monopoly that faces a demand curve described by P = 63 - 5Q. Your costs are C = 10 + 3Q. The profit-maximizing output for your firm is 3. 4. 5. 6. You are the manager of a monopoly that faces a demand curve described by P = 63 - 5Q. Your costs are C = 10 + 3Q. Your firm's maximum profits are 0. 66. 120. 170. You are the manager of a monopoly that faces a demand curve described by P = 63 - 5Q. Your costs are C = 10 + 3Q. The revenue maximizing output is 10/63. 5. 6.3. none of the statements associated with this question are correct You are the manager of a monopoly that faces an inverse demand curve described by P = 200 - 15Q. Your costs are C = 15 + 20Q. The profit-maximizing price is $20. $110. $135. $290 You are the manager of a monopoly firm with (inverse) demand given by P = 50 - 0.5Q. Your firm's cost function is C = 40 + 5Q2. Your firm's marginal revenue is P = 50 - 0.5Q. P = 100 - Q. P = 50 - Q. There is insufficient information to determine the firm's marginal revenue. You are the manager of a monopoly that faces a demand curve described by P = 85 - 5Q. Your costs are C = 20 + 5Q. The revenue maximizing output is .85. 9. 10. none of the statements associated with this question are correct. .85. 9. 10. none of the statements associated with this question are correct. You are the manager of a monopoly that faces a demand curve described by P = 63 - 5Q. Your costs are C = 10 + 3Q. The profit-maximizing output for your firm is 3. 4. 5. 6. You are the manager of a monopoly that faces a demand curve described by P = 63 - 5Q. Your costs are C = 10 + 3Q. Your firm's maximum profits are 0. 66. 120. 170. You are the manager of a monopoly that faces a demand curve described by P = 63 - 5Q. Your costs are C = 10 + 3Q. The revenue maximizing output is 10/63. 5. 6.3. none of the statements associated with this question are correct You are the manager of a monopoly that faces an inverse demand curve described by P = 200 - 15Q. Your costs are C = 15 + 20Q. The profit-maximizing price is $20. $110. $135. $290 You are the manager of a monopoly that faces a demand curve described by P = 63 - 5Q. Your costs are C = 10 + 3Q. The profit-maximizing output for your firm is 3. 4. 5. 6. You are the manager of a monopoly that faces a demand curve described by P = 63 - 5Q. Your costs are C = 10 + 3Q. Your firm's maximum profits are 0. 66. 120. 170. 0. 66. 120. 170. You are the manager of a monopoly that faces a demand curve described by P = 63 - 5Q. Your costs are C = 10 + 3Q. The revenue maximizing output is 10/63. 5. 6.3. none of the statements associated with this question are correct You are the manager of a monopoly that faces an inverse demand curve described by P = 200 - 15Q. Your costs are C = 15 + 20Q. The profit-maximizing price is $20. $110. $135. $290 You are the manager of a monopoly that faces a demand curve described by P = 63 - 5Q. Your costs are C = 10 + 3Q. The revenue maximizing output is 10/63. 5. 6.3. none of the statements associated with this question are correct You are the manager of a monopoly that faces an inverse demand curve described by P = 200 - 15Q. Your costs are C = 15 + 20Q. The profit-maximizing price is $20. $110. $135. $290 $20. $110. $135. $290 P = 50 - 0.5Q. P = 100 - Q. P = 50 - Q. There is insufficient information to determine the firm's marginal revenue. You are the manager of a monopoly that faces a demand curve described by P = 85 - 5Q. Your costs are C = 20 + 5Q. The revenue maximizing output is .85. 9. 10. none of the statements associated with this question are correct. You are the manager of a monopoly that faces a demand curve described by P = 63 - 5Q. Your costs are C = 10 + 3Q. The profit-maximizing output for your firm is 3. 4. 5. 6. You are the manager of a monopoly that faces a demand curve described by P = 63 - 5Q. Your costs are C = 10 + 3Q. Your firm's maximum profits are 0. 66. 120. 170. You are the manager of a monopoly that faces a demand curve described by P = 63 - 5Q. Your costs are C = 10 + 3Q. The revenue maximizing output is 10/63. 5. 6.3. none of the statements associated with this question are correct You are the manager of a monopoly that faces an inverse demand curve described by P = 200 - 15Q. Your costs are C = 15 + 20Q. The profit-maximizing price is $20. $110. $135. $290

Explanation / Answer

First question is answered below.

Demand function: P = 50-0.5Q

TR = PQ = 50Q-0.5Q2

MR = dTR/dQ = 50-Q

Thus, correct option is (c) P = 50-Q

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