4 years ago

A student is trying to solve the set of two equations given below:

1 answer:

8 0

Multiply equation A by -5.

Once this is done you can add equation A to equation B and see that we are adding -5z to 5z, resulting in the value 0.

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If a monopolist supplies goods at a price; P = 170 - Q, with marginal cost; MC = 52. Find the quantity and price

Arada [10]

Answer:

Quantity = 59 units

Price = $111

Step-by-step explanation:

The Demand function is given by

$P = 170 - Q$

The Marginal cost is given by

$MC = 52$

We are asked to find the quantity and price of goods.

Firstly, obtain the Marginal revenue function from the demand function

The Total revenue is given by

$TR = P \times Q \\\\TR = (170 - Q) \times Q \\\\TR = 170Q - Q^2$

The Marginal revenue is the derivative of the Total revenue,

$MR = \frac{d}{dQ} (TR) = 170Q - Q^2 \\\\MR = \frac{d}{dQ} (TR) = 170 - 2Q \\\\$

Assuming that the monopolist maximizes profits,

$MR = MC \\\\170 - 2Q = 52\\\\2Q = 170 - 52\\\\2Q = 118\\\\Q = 118/2\\\\Q = 59$

Therefore, the quantity is 59 units.

The price of each good is

$P = 170 - Q \\\\P = 170 - 59 \\\\P = 111$

Therefore, the price is $111.

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4 years ago

If it is not warm,then it is not hot

AnnZ [28]

Answer:

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The volume of a box 4 in.wide,2 in.high and 5 in long is

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Answer:

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Step-by-step explanation:

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The cafeteria sold 15 more turkey sandwiches than ham sandwiches. They sold 63 sandwiches in all. How many ham sandwiches did th

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Answer:

Step-by-step explanation:

63-15 = 48

48+15= 63

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HELP ASAP!! I know the answer, but I need work to go along with the problem!

algol13

This is what it shows for the solution. Hope this helps.

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