« previous next »

Author Question: The market demand for MP3 player is p = 50 - 0.5Q, and the marginal cost for Nick to obtain and sell ... (Read 9 times)

mp14

  • Hero Member
  • *****
  • Posts: 534
on: Jul 1, 2018
The market demand for MP3 player is p = 50 - 0.5Q, and the marginal cost for Nick to obtain and sell a MP3 player is 10.
 
  If he receives 12 for each MP3 player he sells from the store owner and the store owner controls the quantity of MP3's available for sale, then A) 40 MP3 players will be sold.
  B) joint profit is 798.
  C) joint profit will be maximized.
  D) Nick will sell as many as he can.

Question 2

The market demand for MP3 player is p = 50 - 0.5Q, and the marginal cost for Nick to obtain and sell a MP3 player is 10. If he signed a fixed-fee rental contract with the store owner and pays 1000 as the rent,
 
  A) Nick will sell 20 MP3 players.
  B) Nick will sell 40 MP3 players.
  C) Nick will sell 50 MP3 players.
  D) Nick will not sign the contract.


qytan

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes. Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes.
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
Janine Antoni and Stephen Petronio, Honey Baby Performer: Nick Sciscione. Janine Antoni and Stephen Petronio, Honey Baby Performer: Nick Sciscione.
The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: ribosome

For a complete list of videos, visit our video library