Suppose a monopolist has TC = 100 + 10Q + 2Q2, and the demand curve it faces is p = 90 - 2Q. What will be the price, quantity, and profit for this firm?
What will be an ideal response?
First, determine MR = 90 - 4Q. Second, MC = 10 + 4Q. Setting MR = MC yields 90 - 4Q = 10 + 4Q. Rearranging yields 80 = 8Q or Q = 10. Price equals 90 - 2(10 ) = 70. Total revenue = 70 ? 10 = 700. Total cost equals 100 + 10(10 ) + 2(102 ) = 400. Profit equals 700 - 400 = 300.
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A) The dividend is $12 per share, the dividend growth rate is 5 percent, and the interest rate is 2 percent. B) The dividend is $12 per share, the dividend growth rate is 2 percent, and the interest rate is 5 percent. C) The stock price is $12, the dividend growth rate is 5 percent, and the interest rate is 3 percent. D) The stock price is $12, the dividend growth rate is 2 percent, and the interest rate is 5 percent.
People who failed to look for a job are classified as
a. unemployed. b. underemployed. c. out of the labor force. d. part time employed.
Of the following high-income countries, which has the highest life expectancy at birth?
A) Canada B) Japan C) the United Kingdom D) the United States