This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The market demand for MP3 players is p = 50 - 0.5Q, and the marginal cost for an MP3 player is 10. ... (Read 68 times)

dalyningkenk

  • Hero Member
  • *****
  • Posts: 598
on: Jul 1, 2018
The market demand for MP3 players is p = 50 - 0.5Q, and the marginal cost for an MP3 player is 10. If Nick receives 60 of the total profit, then
 
  A) Nick will produce 50 MP3 players.
  B) Nick receives 500 as profit.
  C) total profit is 800.
  D) the efficiency in production is not achieved.

Question 2

The market demand for MP3 players is p = 50 - 0.5Q, and the marginal cost for Nick to obtain and sell an MP3 player is 12. If he receives 60 of the MP3 sales revenue, then
 
  A) Nick will sell 38 MP3 players.
  B) Nick will sell 50 MP3 players.
  C) Nick will receive 270 as profit.
  D) total profit is 342.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jevvish

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


dalyningkenk

  • Member
  • Posts: 598
Reply 2 on: Jul 1, 2018
Excellent

robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Many types of edible fungi are grown for the market. Many types of edible fungi are grown for the market.
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
School aged chess player School aged chess player
Cost of Laptops Cost of Laptops
The original Supply and Demand graph The original Supply and Demand graph
Video: Activation Energy - Valence Electrons

For a complete list of videos, visit our video library