A pure monopolist sells output for 400 per unit at the

Assignment Help Microeconomics
Reference no: EM13375531

A pure monopolist sells output for $4.00 per unit at the current level of production. At this level of output, the marginal cost is $3.00, average variable costs are $3.75, and average total costs are $4.25. The marginal revenue is $3.00. What is the short-run and long-run condition for the monopolist and what output changes would you recommend?

Reference no: EM13375531

Questions Cloud

Present your solution to the following problem in an excel : present your solution to the following problem in an excel document.problem 1cool beans company has 30000 shares of 2
Kellys boutique nbspcash budgetsee the attachment for full : kellys boutique nbspcash budgetsee the attachment for full information about nbspkellys boutiquenbspattachment- unit 7
Explain how the us government managed to accumulate a debt : explain how the us government managed to accumulate a debt of over 14 trillion. to whom does it owe this debt? is the
Explain how the us government managed to accumulate a debt : explain how the us government managed to accumulate a debt of over 14 trillion. to whom does it owe this debt? is the
A pure monopolist sells output for 400 per unit at the : a pure monopolist sells output for 4.00 per unit at the current level of production. at this level of output the
Assume an open mixed economy that is foreign trade is part : assume an open mixed economy. that is foreign trade is part of the economy and the economy includes both a public
A manager hires labor and rents capital equipment in a very : a manager hires labor and rents capital equipment in a very competitive market. currently the wage rate is 6 per hour
Discuss the importance of the command process and the : discuss the importance of the command process and the traditional process in the making of management decisions.
Question 11nbspfact pattern for questions 11 and 12 sandra : question 11nbspfact pattern for questions 11 and 12 sandra owned a rental apartment building in her sole name for four

Reviews

Write a Review

 

Microeconomics Questions & Answers

  What is the optimal price for the entrant to charge

A crucial assumption in this example is that the incumbent must charge the same price to all consumers and the entrant can target a subset of the customers. Is this example useful for thinking about markets where prices are negotiated? Why or why not..

  How does a current budget deficit affect future workers

1. How does a current budget deficit affect future workers How could a policy by the current government to reduce the national debt hurt these future workers 2. Monetary and fiscal policies are said to have "lags." What are lags and why do they exi..

  Discuss whether a monopoly can provide any benefit

1 -List one industry that is an example of a perfectly competitve industry and one that is an example of a monopoly. 2-Explain and discuss why these industries are examples of perfect competition and a monopoly using the characterstics of these ind..

  Why testers were told to take at least three bites of sample

Wendy's narrowed the vanillas to two varieties and brought more than 100 consumer testers into stark white tasting booths at its head headquarters. The testers were told to take at least three bites of each sample before deciding which they prefer..

  Determine factors that influence price elasticity of demand

Select a product you have purchased in the past month from a clothing or shoe store. Explain how each of the four factors contributed to the elasticity of the good.

  Consider a production setting with two factors of production

Consider a production setting with two factors of production,one fixed in the short run.Show how isocost/isoquant analysis can be used to derive a short run average total cost curves.Label your diagramms carefully.

  Determine the possible relative market shares

Determine to the extent possible the relative market shares of these firms. Discuss the degree of concentration in the industry using CR4, other n-firm concentration ratios, H-H indices, etc.

  Analysis of a proposed soda tax

What does the market for sugary sodas look like?  Provide a supply-demand graph with realistic prices.

  What are the possible reasons for the price rise

What are the possible reasons for the price rise mentioned in the news article? Use demand and supply models to illustrate what has happened in the egg market. Make sure that you clearly state any underlying assumptions in your analysis.

  How do these two programs affect cigarette consumption

The U.S. government administers two programs that affect the market for cigarettes. Media campaigns and labeling requirements are aimed at making the public aware of the dangers of cigarette smoking

  Compute the sizes of the consumer

Compute the sizes of the consumer and the producer surpluses at the equilibrium price and quantity derived in (1).

  Demonstrate competence of economic principles

Frederic Bastiat (1801 - 1850) was a French political economist famous for exploding popular economic misconceptions

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd