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2 years ago

Suppose the inverse demand function is:p = 12 - 4q, and cost is given by c(q) = 4q.the profit-maximizing price equals $_________

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Suppose the inverse demand function is:p = 12 - 4q, and cost is given by c(q) = 4q.the profit-maximizing price equals $ Given, c(Q) = 4Q MC (Marginal Cost) = c(Q) / Q => MC = 4 P = 12 - 4Q TR.

<h3>Is price the inverse of demand?</h3>

The price is a function of the quantity required when the demand curve is inverse. In other words, the inverse of a demand curve, changes in the quantity required cause variations in price levels.

<h3>In each nation, at what price does the monopoly sell its product if resale is not possible?</h3>

By operating where its marginal income for each country equals the company's marginal cost, the price-discriminating monopoly maximizes its profit. Therefore, MRUS = MC = MRJ, which means that the marginal revenues for the two nations are equal.

<h3>How are QD and Qs calculated?</h3>

The quantity demanded and the quantity delivered are equal (Qs = Qd). The market is open. If the market price (P) is greater than $6, for instance, P=8, Qs=30, and Qd=10 (where Qd = Qs). The market is unclear since there are extra supplies because Qs exceeds Qd.

<h3>Describe the demand function with an example?</h3>

As an illustration, consider the demand equation Qd = f(P; Prg, Y), where Qd denotes the quantity of a good wanted, P denotes the good's price, Prg denotes the price of a related good, and Y denotes income. The function on the right side of the equation is referred to as the demand function.

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4 years ago

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