Acme is a monopolist for a good with inverse demand 3060 .pdf
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Acme is a monopolist for a good with inverse demand = 3060 6, where is the price in dollars and is the amount sold. Acmes variable costs are () = 32. With these functions, the marginal revenue is () = 3060 12 and marginal cost is () = 6. a) If Acme has no fixed costs, what is its profit maximizing price? b) If Acme has non-sunk fixed costs of $300,000, is it worth operating or should they shut down?.
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import java.awt.event.ActionEvent;
import java.awt.event.ActionListener;
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import java.lang.Math.*;
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import java.awt.color.*;
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// **************button*************************
jb1 = new JButton("+");
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jb1.setBackground(new Color(0, 191, 255));
getContentPane().add(jb1);
jb1.addActionListener(this);
getContentPane().setLayout(null);
setSize(400, 400);
setVisible(true);
};
public void actionPerformed(ActionEvent e) {
int a = Integer.parseInt(jt1.getText());
int b = Integer.parseInt(jt2.getText());
double c = 0;
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