You are the manager of a monopoly that faces a demand curve described by

profiletutor4helpyou
 (Not rated)
 (Not rated)
Chat
  1. You are the manager of a monopoly that faces a demand curve described by P = 63 - 5Q. Your costs are C = 10 + 3Q. The Lerner index is ____. 
  2. You are a manager in a perfectly competitive market. The price in your market is $14. Your total cost curve is C(Q) = 10 + 4Q2. What price should you charge in the short-run? 

 

  1. You are the manager of a firm that sells its product in a competitive market at a price of $60. Your firm's cost function is C = 50 + 3Q2. The Lerner index is? 
  • 9 years ago
You are the manager of a monopoly that faces a demand curve described by
NOT RATED

Purchase the answer to view it

blurred-text
  • attachment
    answer.docx