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The demand function is 2Q=200-P
This is the graph http://img156.imageshack.us/img156/8899/untitledrw6.jpg
The info is: The cost of dina’s coiffeur is that it has 2 perm machines each has a cost of $100 and a unit cost of a perm is $20
I dont know how to begin with the info given.
I need to find the maximizing profit in a perfectly competitve industry and monopoly.
The formula for profit is
Profit = (p x q) – (atc x q ) or (p x q) – (w x l) – (r x k) – FC
But i dont know what numbers to plug in.
Also, how do i find the marginal cost, so i can draw the graph.
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I am recording a music CD for a local not-for-profit Violin Performance group. I have a HP Computer running Windows XP, and have Sony ACID XMC, and other recording software. Can anyone recommend a good Mic (less than $100) that will either plug into my sound card or USB? It needs at least be able to record in CD quality (44.1khz, 16 bit, stereo).
Thanks in advance for your help.