Suppose the market demand data for the product are as follows:

Price Total Quantity
Demanded
$23.00 19000
28.00 17000
33.00 15000
39.00 13500
44.00 12000
48.00 10500
58.00 9500

Equilibrium price = $46
Equilibrium output = 10,500
7 units for each firm

What will profit be per unit? Per firm?

You are the manager of a firm that produces output in two plants. the demand for your firm's product is p = 20 − q, where q = q1 + q2. the marginal costs associated with producing in the two plants are mc1 = 2 and mc2 = 2q2. how much output should be produced in plant 1 in order to maximize profits?

Discuss how the resource-based view (rbv) of the firm combines the two perspectives of (1) an internal analysis of a firm and (2) an external analysis of its industry and its competitive environment. include comments on the different types of firm resources and how these resources can be used by a firm to build sustainable competitive advantages.

Explain the relationship between consumers and producers in economic growth and activity