TR = $250Q-$0.001 Qsquared
MR =? Note: Marginal cost for the process is stable at $150 per unit. Fix cost are zero.
a. As a monopoly, calculate Paradox Dental’s output, price, and profits at the profit maximizing activity level.
b. As a monopoly, calculate Paradox Dental’s output, price, and profits at the revenue maximizing activity level.
c. What price and profit levels would prevail based on the assumption that a new entry into the local market results in competitive market pricing?
Recently Asked Questions
- As the price of a student parking space increases from $2.50 to $3.50, the quantity supplied (number) of student parking spaces increases from 1050 to 1150.
- If Sean’s income increases from $10,000 to $50,000, then he buys 100 MARTA tokens rather than his previous 200 MARTA tokens per year. What’s Sean’s arc
- Please refer to the attachment to answer this question. This question was created from ECO2204_TEST2__Subang.docx.