### At what value of mc will there be no exports

Assignment Help Basic Computer Science
##### Reference no: EM131356479

Open Word and answer the following questions. Save the document and print it when you are done. Suppose the inverse demand curve is P = 1000 - 0.5Q, marginal cost is constant at \$100 per unit, and the world price is \$50. Enter these parameter values in the Compare sheet and answer the questions below. Enter the demand slope as a positive number, 0.5, and click one of the market structure options to refresh the chart. The math theory prep section showed two surprising results. First, consumers' and producers' surplus under the cement cartel do not depend on the marginal cost of capacity. Second, as the number of firms in the cartel rises, the likelihood a merger to monopoly will be welfare enhancing rises. To answer the questions that follow, taking pictures is helpful. You can select cells (e.g., A1:M25) and copy as a picture, then paste.

1. Increase MC from 100 to 200 and determine the impact on the cartel's Q, P, CS, PS, DWL, and export loss. What happens to each of these variables as MC rises? Be sure to click the Perfect Competition and then Cartel option button to refresh the data below the buttons.

2. Which changes, if any, in the variables are surprising? Why?

3. At what value of MC will there be no exports? Take a picture of this situation and paste it in your Word document.

4. Increase the number of firms from 3 to 5 (with MC at the no export loss value). What effect does this have on the cartel's Q, P, CS, PS, DWL, and export loss?

5. What can you conclude about the effect of the number of firms on PS from a merger to monopoly (from the cartel)?

#### What is the first-order partial correlation coefficient

Consider a sample of elementary school children. Given that r(strength, weight) = .6, r(strength, age) = .7, and r(weight, age) = .8, what is the first-order partial correla

#### Write a program to scan

Write a program to scan 2 integer numbers from user, then check for below conditions: a). If both the numbers are equal, print a message "Both numbers are equal". b). If first

#### Designing a solution for a programming problem

In your opinion, what are the three biggest challenges in planning and designing a solution for a programming problem? What can you do to overcome these challenges? How woul

Scenario: Owen has just turned on his computer. He goes to get a glass of water while it is booting. Upon returning, he sees the screen message, Hard Drive Not Found. What s

#### Hidden implementations are often said

Hidden implementations are often said to exist in a black box. Do you agree with this statement? Why or why not? Identify the advantages and disadvantages of using this approa

#### Consider a memory system with a level

Consider a memory system with a level 1 cache of 32 KB and DRAM of 512 MB with the processor operating at 1 GHz. The latency to L1 cache is one cycle and the latency to DRAM

#### Institutional challenges to equality in the workplace

Race, class, and gender still create many institutional challenges to equality in the workplace. In this assignment you are to describe at least two typical manifestations o

#### Software development tools

Describe the software development tool proposed to build this application. Identify a minimum of two tools and provide details on what they are and how they are used in sepa