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Managerial Economics Cost and Revenue Functions

This document provides information on the market structure and production costs for Intel Microchip Production Company, which operates as a monopoly. It includes tables showing quantity, price, revenue, marginal revenue, fixed costs, variable costs, total costs, and marginal cost at different production levels. Intel faces downward sloping demand and experiences decreasing returns to scale in production.

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amatulmateennoor
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119 views

Managerial Economics Cost and Revenue Functions

This document provides information on the market structure and production costs for Intel Microchip Production Company, which operates as a monopoly. It includes tables showing quantity, price, revenue, marginal revenue, fixed costs, variable costs, total costs, and marginal cost at different production levels. Intel faces downward sloping demand and experiences decreasing returns to scale in production.

Uploaded by

amatulmateennoor
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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MARKET STRUCTURE

INTEL MICROCHIP PRODUCTION COMPANY


MONOPOLY
Quantity
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000

Price
60-0.005Q
60
55
50
45
40
35
30
25
20
15
10

Revenue
60Q-0.005Q2
0
55000
100000
135000
160000
175000
180000
175000
160000
135000
100000

MR
60-0.01Q
50
40
30
20
10
0
-10
-20
-30
-40

FC
88000
88000
88000
88000
88000
88000
88000
88000
88000
88000
88000

VC
TC
5Q+0.0005Q2 88000+5Q+0.0005Q2
0
88000
5500
93500
12000
100000
19500
107500
28000
116000
37500
125500
48000
136000
59500
147500
72000
160000
85500
173500
100000
188000

Invalid signature

P
TC
TR
MR
MC

60-0.005Q
88000+5Q+0.0005Q2
60Q-0.005Q2
60-0.01Q
5+0.001Q

UMT

Amat-ul Mateen Noor

MC
5+0.001Q
6
7
8
9
10
11
12
13
14
15

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