Business, 30.05.2020 23:04 dee5896

Suppose that the market demand curve for scooters is given by P = 300 - 5Q, where P is the price and Q is total industry output. Suppose that the industry has four firms. Each firm has a constant marginal cost of $50 per scooter. Suppose that four firms want to maximize their total profit and divide it between them. What is the total number of scooters, Q, in this case?

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 18:30, tfhdg

Following is stanley black & decker’s income statement for 2016 (in millions): stanley black & decker, inc. income statement for the year ended december 31, 2016 ($ millions) sales $11,406.9 cost of goods sold 7,139.7 gross profit $ 4,267.2 selling, general and administrative expenses 2,602.0 other operating expenses 268.2 operating income 1,397.0 interest and other nonoperating expenses 171.3 income before income tax 1,225.7 income tax expense 261.2 net income $ 964.5 compute stanley black & decker’s gross profit margin.

Answers: 1

continue

Business, 22.06.2019 06:00, olivernolasco23

Josie just bought her first fish tank a 36 -gallon glass aquarium, which she’s been saving up for almost a year to buy. for josie, the fish tank is most likely what type of purchase

Answers: 1

continue

Business, 22.06.2019 11:30, iBrain

4. chef a says that broth should be brought to a boil. chef b says that broth should be kept at an even, gentle simmer. which chef is correct? a. neither chef is correct. b. chef a is correct. c. both chefs are correct. d. chef b is correct. student c incorrect which is right answer

Answers: 2

continue

Business, 22.06.2019 12:20, mxrvin4977

In terms of precent, beer has more alcohol than whiskey true or false

Answers: 1

continue

You know the right answer?

Suppose that the market demand curve for scooters is given by P = 300 - 5Q, where P is the price and...