Skip to Main Content
Managerial Economics and Strategy, 2/e
book

Managerial Economics and Strategy, 2/e

by Jeffrey M. Perloff, James A. Brander
February 2016
Beginner to intermediate content levelBeginner to intermediate
500 pages
33h 40m
English
Pearson
Content preview from Managerial Economics and Strategy, 2/e

Questions

All exercises are available on MyEconLab; =answer at the [&\*|=|answer at the&] back of this book; C =use [&~bf~|=|~normal~use~norm~&] of calculus may be necessary.

1. Monopoly Profit Maximization

  1. 1.1 If the inverse demand function is p=3003Q, [&p|=|300|-|3Q,&] what is the marginal revenue function? Draw the demand and marginal revenue curves. At what quantities do the demand and marginal revenue curves hit the quantity axis? (Hint: See Q&A 9.1.)

  2. 1.2 If the inverse demand function a monopoly faces is p=10 Q 0.5 , [&p|=|10Q^{|-|0.5},&] what is the firm’s marginal revenue function? C (Hint: See Q&A 9.1.)

  3. *1.3 If the inverse demand function is p=50010Q, [&p|=|500|-|10Q,&] what is the elasticity of demand ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Managerial Economics

Managerial Economics

Vanita Agarwal
Managerial Economics

Managerial Economics

Donald N. Stengel
Principles of Managerial Finance, 15th Edition

Principles of Managerial Finance, 15th Edition

Scott B. Smart, Chad J. Zutter, Lawrence J. Gitman

Publisher Resources

ISBN: 9780134472553