Question

For a monopolist, the unit cost of manufacturing a product is $3 and the demand equation is p= Va. What price will give the greatest profits?

299

likes
1494 views

Answer to a math question For a monopolist, the unit cost of manufacturing a product is $3 and the demand equation is p= Va. What price will give the greatest profits?

Expert avatar
Hester
4.8
117 Answers
Así es como se puede determinar el precio que generará la mayor ganancia para el monopolista: **1. Comprender los conceptos** * **Beneficio:** Ingresos totales menos costo total (Beneficio = TR - TC) * **Ecuación de demanda:** En este caso, la ecuación de demanda muestra una relación inversa entre el precio (p) y la cantidad demandada (implícita en 'a'). A medida que aumenta el precio, la cantidad demandada disminuye. * **Monopolista:** Un monopolista tiene el poder de fijar precios para maximizar sus ganancias. **2. Configurando las ecuaciones** * **Ingresos Totales (TR):** Precio (p) * Cantidad (q). Pero necesitamos expresar la cantidad en términos de precio usando la ecuación de la demanda. Como p = Va, podemos resolver para q: q = p/V * TR = p * (p/V) = p²/V * **Costo total (CT):** Costo unitario ($3) * Cantidad (q) * TC = 3q = 3(p/V) * **Ganancia:** * Beneficio = TR - TC = (p²/V) - (3p/V) **3. Encontrar el precio óptimo** Para maximizar las ganancias, un monopolista producirá donde el ingreso marginal (MR) sea igual al costo marginal (MC). Encontremos esos: * **Ingreso Marginal (MR):** La derivada de TR con respecto a p: MR = (2p/V) * **Costo Marginal (MC):** La derivada de TC con respecto a p: MC = (3 / V) **4. Ajuste MR = MC** * (2p/V) = (3/V) * 2p = 3 * p = 3/2 = $1.50 **5. Considerando la ecuación de la demanda** La ecuación de la demanda (p = Va) implica que 'V' es una constante que representa la pendiente de la curva de demanda. Necesitaremos el valor de 'V' para calcular un precio específico. Si V es muy pequeño, incluso el precio óptimo de 1,50 dólares puede no dar como resultado una ganancia positiva. **En resumen** * El precio de 1,50 dólares dará las mayores ganancias al monopolista, pero sólo si la curva de demanda permite una ganancia positiva dada la estructura de costos. Necesitará un valor para 'V' en la ecuación de demanda para obtener una respuesta más definitiva.

Frequently asked questions (FAQs)
Math Question: What is the limit of (3x^2 + 2x - 1) / (x^2 - 1) as x approaches 1?
+
What is the equation for an ellipse with a major axis of 8 units and a minor axis of 6 units?
+
What is the rule for determining if two triangles are congruent?
+
New questions in Mathematics
CASE 6-1: PREPARE A PRODUCTION PLAN: WHAT PROBLEMS ARRIVE? Midwest Plastics Company has conducted profit planning for several years. The president stated (with justification) that inventory control and planning had not been satisfactory, which was mainly due to poor planning of production and inventory budgets. Please analyze and provide recommendations, in detail, on the issue regarding the 20B profit plan, which is now being prepared. Their analysis and recommendations will be presented to the executive committee. Despite the seasonality factor, the sales department has been successful in developing a sales plan, on a monthly basis, for each year. The following sales data is available for 20B. 1. Sales plan summary for 20B: 2. Finished goods inventory, as of January 1, 20B, is 96,000 units. 3. Work-in-process inventory will remain constant. 4. Actual annual sales in 20A, including the estimate for December, were 350,000 units. 5. The average finished goods inventory during 20A was 70,000 units. IT IS REQUESTED. 1. Prepare the annual production budget, assuming that management policy is to budget ending finished goods inventory at a standard quantity, based on the ratio of historical sales of 20A to inventory turnover. 2. Prepare a schedule showing sales, production, and inventory levels for each month, assuming: 1) stable inventory, 2) stable production, and 3) recommended inventory-production levels. In developing your recommendations, assume that the following policies have been established: a) The president has set the policy that a maximum inventory of 85,000 units and a minimum inventory of 75,000 units should be used, except in abnormal circumstances. b) A stable level of production is definitely preferred, except that during the holiday season in July and August, production may be reduced by 25 percent. Likewise, a variation in production of 7.5 percent above and below the average level is acceptable. 3. What are the main problems faced by the company in production planning? Make your general recommendations.
The sum of an infinite geometric series is 13,5 The sum of the same series, calculated from the third term is 1,5. Q. Calculate r if r>0.
Karina has a plot of 5000 square meters in which she has decided that 60% of it will be used to plant vegetables. Of this part, 12% will be dedicated to planting lettuce. How much surface area of the plot will be used to grow lettuce?
A client did not advance L 10,000 for the rental of a parking area and it corresponds to 4 months, of which 2 months were consumed
In a store there are packets of chocolate, strawberry, tutti-frutti, lemon, grape and banana sweets. If a person needs to choose 4 flavors of candy from those available, how many ways can they make that choice?
7273736363-8
Suppose the horses in a large stable, have a mean weight of a 807 pounds and a variance of 5776. What is the probability that the mean weight of the sample of horses with differ from the population mean by greater than 18 pounds is 41 horses are sampled at random from the stable round your answer to four decimal places.
show step by step simplification: (¬𝑑∨((¬b∧c)∨(b∧¬c)))∧((𝑎 ∧ 𝑏) ∨ (¬𝑎 ∧ ¬𝑏))∧(¬𝑐∨((¬𝑑∧𝑎)∨(𝑑∧¬𝑎)))
The maximum gauge pressure of a hydraulic ramp is 16 atm, with a support area whose diameter is 20 cm. What is the mass of the heaviest vehicle that can be lifted?
7=-4/3y -1
X~N(2.6,1.44). find the P(X<3.1)
(6²-14)÷11•(-3)
A company dedicated to the manufacture of shirts sells the units at a price of $40, the cost of each shirt is $24, a commission is paid for the sale of a unit of shirt of $2 and its fixed costs are $3500 Determine the marginal contribution
Find the set of points formed by the expression 𝜋<|𝑧−4+2𝑖|<3𝜋.
calculate the product of 4 and 1/8
Today a father deposits $12,500 in a bank that pays 8% annual interest. Additionally, make annual contributions due of $2,000 annually for 3 years. The fund is for your son to receive an annuity and pay for his studies for 5 years. If the child starts college after 4 years, how much is the value of the annuity? solve how well it is for an exam
answer this math question The scale on a map is drawn so that 5.5 inches corresponds to an actual distance of 225 miles. If two cities are 12.75 inches apart on the map, how many miles apart are they? (Round to the nearest tenth) miles apart. The two cities are how many miles apart
y’’ -4y’ +4y = (12x^2 -6x)e^2x Y(0)= 1 Y’(0)=0 Y(x)=c1y1+c2y2+yp
Two trains leave stations 294 miles apart at the same time and travel toward each other. One train travels at 95 miles per hour while the other travels at 115 miles per hourHow long will it take for the two trains to meet?
Suppose a car license plate consists of 2 letters and two digits of which the first cannot be zero. How many different plates can be engraved? consider only 26 letters and 10 digits draw an example of this.