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Use the graph below to answer the following questions:
a. Calculate the firm's profit if it is a single-price monopoly:
b. Calculate the firm's profit if it is a perfect price discrimination monopolist:
c. Calculate the firm's profit if it price discriminates as follows: Sell the first 200 units at a high price and the rest of the units at a low price: (hint, what is the maximum number of units they are willing to sell? Price is determined from the demand curve). Profit = 90
d. Calculate the firm's profit if it price discriminates as follows: Sell the first 100 units at a high price, the next 100 units at a medium price, and the rest of the units at a low price: (hint, what is the maximum number of units they are willing to sell? Price is determined from the demand curve)
Determine which of the following is most likely to indicate statistically significant regression coefficient? Assume the price elasticity of the supply of cheese is 0.80. If the price of cheese rises by .20 percent,
Write a letter advising a hypothetical sole proprietor to choose another form of business ownership. By definition, a sole proprietorship is an unincorporated business owned by one person known as the sole proprietor.
1 in the spring schoolnbsp is sponsoring a concert featuring the band.nbsp the university has determined that the
An old covered bridge can be strengthened at a cost of $9000, or can be replaced for $40,000. The present salvage value of the old bridge is $13,000. With reinforcements, it will last for an additional 20 years with $500 annual maintenance and have a..
The seller considers selling these objects through second-price auctions. In particular, he considers two kinds of sales. First, he may auction off these objects with three different second-price auctions, one for each object. Call this the "single-o..
you are in charge of development for your housing nonprofit and two new grant opportunities have come to your
Innovation lagged in the centrally planned economies because: there was too much domestic business competition. there was too much competition from foreign firms. A positive statement is one which is:
The applicants are scheduled at quarter-hour intervals, beginning at 8:00 A.M., and the applicants arrive exactly on time. When the applicant with an 8:15 A.M. appointment arrives at the manager's office, what is the probability that he will have ..
Suppose the economy is in a deflationary gap. Which of the following public policies would help bring the economy towards potential GDP?
assume that country a has a population of 500000 and only produces one good-cars. country a produces 100000 cars per
What, from your point of view, is the optimal contract to offer him? Will salesman give high or low effort under this contract? What will be your profits?
in order to answer the questions you will have to analyse the datasetattached via usinggretl or other statistic
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