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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