Ask a New Question

Qd=15.0-0.2P where Qd is annual quantity demanded in millions of units and P is the wholesale price. Incurred cost of $60 million. Production cost is $5/unit. (1) what is wholesale price, (2) production annually, (3) annual profit?

Given this is a monopoly with an expiring patent in 30 days, what price and quantity will result once the competition emerges in this market?

Ask a New Question or answer this question.

Similar Questions

The demand function for a certain brand of blank digital camcorder tapes is given byp=−0.02x^2−0.1x+24 where p is the
1. 0 answers
The quantity demanded for a certain brand of portable CD players is 200 units when the unit price is set at $90. The quantity
1. 1 answer
The demand equation for a certain brand of GPS Navigator is x + 3p - 565 = 0, where x is the quantity demanded per week and p is
1. 1 answer
The quantity demanded x (in units of a hundred) of the Mikado miniature cameras/week is related to the unit price p (in dollars)
1. 0 answers

more similar questions