I'm not very good with these at all..
1. Suppose that the demand function for a monopolist's product is of the form q=Ae^-Bp for positive constants A and B. In terms of A and B, find the value of p for which maximum revenue is obtained. Can you explain why your answer does not depend on A?
This one i have no idea how to start. Im guessing it doesnt depend on A because its a constant and it doesnt change when derivative is taken
2. For a monopolist, the cost per unit of producing a product is $3, and the demand equation is p=10/sqrt(q). What price will give the greatest profit?
i have: P=r-c
P(q)=10q/sqrt(q) - 3q but it doesnt work out properly so i need help
3. For a monopolist's product, the demand function is p=40/sqrt(q) and the average-cost function is c=1/3+2000/q. Find the profit maximizing price and outpute. At this level, showt hat marginal revenue is equal to marginal cost.
4. For a manufacturer, the cost of making a part is $30 per unit for labor and $10 per unit for materials; overhead is fixed at $20000 per week. If more than 5000 units are made each week, labor is $45 per unit for those units in excess of 5000. At what level of production will average cost per unit be a minumum?
my guess is c=40x+20000 then idk what to do with the second part of this question
1. Suppose that the demand function for a monopolist's product is of the form q=Ae^-Bp for positive constants A and B. In terms of A and B, find the value of p for which maximum revenue is obtained. Can you explain why your answer does not depend on A?
This one i have no idea how to start. Im guessing it doesnt depend on A because its a constant and it doesnt change when derivative is taken
2. For a monopolist, the cost per unit of producing a product is $3, and the demand equation is p=10/sqrt(q). What price will give the greatest profit?
i have: P=r-c
P(q)=10q/sqrt(q) - 3q but it doesnt work out properly so i need help
3. For a monopolist's product, the demand function is p=40/sqrt(q) and the average-cost function is c=1/3+2000/q. Find the profit maximizing price and outpute. At this level, showt hat marginal revenue is equal to marginal cost.
4. For a manufacturer, the cost of making a part is $30 per unit for labor and $10 per unit for materials; overhead is fixed at $20000 per week. If more than 5000 units are made each week, labor is $45 per unit for those units in excess of 5000. At what level of production will average cost per unit be a minumum?
my guess is c=40x+20000 then idk what to do with the second part of this question