Question: Answer all or none at all please. Thanks Question 1: The inverse demand for Harley Davidson motorcycles is given by P=40,00010Q, where P is the

Answer all or none at all please. Thanks

Question 1: The inverse demand for Harley Davidson motorcycles is given by P=40,00010Q, where P is the price in dollars and Q measures the number of units sold each month. Harley Davidson is currently producing motorcycles at a constant marginal and average cost of $16,000. Use negative signs where appropriate. Unless otherwise stated, round answers the the nearest one-hundredth place (0.01)

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Question 12

a. Find the marginal revenue function for Harley Davidson (leave answers as fractions).

MR= _+ _Q

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Question 2

b. Find the profit maximizing quantity for Harley Davidson.

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Question 3

c. Find the profit maximizing quantity for Harley Davidson.

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Question 4

d. Heavy tariffs on imported steel drive up Harleys marginal and average cost by $2,000. How do these tariffs affect Harleys profit-maximizing quantity?

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Question 5

e. How do these tariffs affect Harleys profit-maximizing price?

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Question 6

d. How much do Harley Davidson's profits fall as a result of the tariff? Give your answer in dollars.

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Question 7

e. How much of these tariffs are absorbed by Harley Davidson? Give your answer in dollars

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