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Sagot :
Suppose the inverse demand function is:p = 12 - 4q, and cost is given by c(q) = 4q.the profit-maximizing price equals $ Given, c(Q) = 4Q MC (Marginal Cost) = c(Q) / Q => MC = 4 P = 12 - 4Q TR.
Is price the inverse of demand?
The price is a function of the quantity required when the demand curve is inverse. In other words, the inverse of a demand curve, changes in the quantity required cause variations in price levels.
In each nation, at what price does the monopoly sell its product if resale is not possible?
By operating where its marginal income for each country equals the company's marginal cost, the price-discriminating monopoly maximizes its profit. Therefore, MRUS = MC = MRJ, which means that the marginal revenues for the two nations are equal.
How are QD and Qs calculated?
The quantity demanded and the quantity delivered are equal (Qs = Qd). The market is open. If the market price (P) is greater than $6, for instance, P=8, Qs=30, and Qd=10 (where Qd = Qs). The market is unclear since there are extra supplies because Qs exceeds Qd.
Describe the demand function with an example?
As an illustration, consider the demand equation Qd = f(P; Prg, Y), where Qd denotes the quantity of a good wanted, P denotes the good's price, Prg denotes the price of a related good, and Y denotes income. The function on the right side of the equation is referred to as the demand function.
To Know more about demand curve
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