« previous next »

Author Question: Refer to Table 16-2. How many tubes of toothpaste will Neem sell in West Fall and at what price? ... (Read 78 times)

danielfitts88

  • Hero Member
  • *****
  • Posts: 535
on: Jun 29, 2018
Refer to Table 16-2. How many tubes of toothpaste will Neem sell in West Fall and at what price?
 
  A) Q = 2 units; P = 4.50 B) Q = 3 units; P = 4
  C) Q = 5 units; P = 3 D) Q = 4 units; P = 3.50

Question 2

Refer to Figure 15-7. Use the figure above to answer the following questions.
 
  a. What is the profit-maximizing quantity and what price will the monopolist charge?
  b. What is the total revenue at the profit-maximizing output level?
  c. What is the total cost at the profit-maximizing output level?
  d. What is the profit?
  e. What is the profit per unit (average profit) at the profit-maximizing output level?
  f. If this industry was organized as a perfectly competitive industry, what would be the profit-maximizing price and quantity?


vish98

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

a. Quantity = 50; price = 32
b. Total revenue = 50  32 = 1,600
c. Total cost = 50  20 = 1,000
d. Profit = 1,600 - 1,000 = 600
e. Profit per unit = 32 - 20 = 12
f. If purely competitive, quantity = 80; price = 22


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

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?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

The Periodic Table (Part 2) The Periodic Table (Part 2)
Wheelchair Transfer to a Chair or Examination Table Wheelchair Transfer to a Chair or Examination Table
How to determine if a table of values represents a linear or quadratic relationship How to determine if a table of values represents a linear or quadratic relationship
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
table table
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Alzheimer's Disease

For a complete list of videos, visit our video library