Question #44378

A monopoly firm is faced with the following demand function P = 26 – 0.5Q. The Marginal Cost function for the firm is given by 6 + 6Q and the total fixed cost is 4.

Determine

a) The profit maximizing output.

b) The level of supernormal profit if any.

c) The output level at the break-even point.

A firm operating in a perfectly competitive market has to sell all its output at the price of $.10 per unit. Its marginal cost function is given by Q + 4 and the total fixed cost is 1.

Determine

a) The profit maximizing output level.

b) The level of supernormal profit if any.

Determine

a) The profit maximizing output.

b) The level of supernormal profit if any.

c) The output level at the break-even point.

A firm operating in a perfectly competitive market has to sell all its output at the price of $.10 per unit. Its marginal cost function is given by Q + 4 and the total fixed cost is 1.

Determine

a) The profit maximizing output level.

b) The level of supernormal profit if any.

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