Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. 1. You are a monopolist. Suppose there are two types of people who buy your product, groups 1 and 2. Their separate demand functions are given by:D1(p)= A-bpD2(p)= C-dpfor A,C,b,d>0. Total demand for your product is given by D(p) = D1(p) +D2(p).a) What is total profit if you set a single price?b) What is total profit if you use third-degree price discrimination?c) Under what condition is the optimal p1 under third-degree price discrimination greater than p2? (in terms of the parameters of the model)
2. Suppose that there is a unit mass of consumers who are uniformly distributed on the segment[0,1]. Two firms are located on the line and sell identical products. Consumers obtain K utility from consuming a product; assume that K is large enough that all consumers purchase from at least one of the firms despite the costs of transportation, which are linear in distance with a constant marginal cost of t. For each of the following cases, what is 1) the symmetric demand function, and 2) the symmetric equilibrium price? (in terms of the parameters of the model)a) maximum differentiation: firms locate at 0 and 1b) Moderate case: firms locate at 1/4 and 3/4c) No differentiation: firms both locate at 1/2
Oil and gasoline prices are a concern in the United States. Why does this economic problem exist from a supply and demand perspective, what can be done to improve resource allocations.
Use supply and demand model to explain the dramatic rise in the price of a college education.
A firm that finds it extremely expensive to monitor the output of each worker will likely pay its workers
Calculate Max's marginal utility from snorkeling at each number of hours per day. Does Max's marginal utility from snorkeling obey the principle of diminishing marginal utility.
What, how and for who apply to the following the economic decision. Should the company makes its own spare parts or buy them from an outside vendor.
Proposals for modifications of the law are formulated by committees. Under the closed rule, the legislature may either accept or reject a proposed modification, but may not propose an alternative.
A flat tax plan allows individuals to deduct a standard allowance of $10,000 from their wages. Assume that the flat tax rate is 12%. Calculate the amount of income tax and the average tax rate if you were earning.
Numerous times in the lectures labelling the vertical axis as euro per $ and the initial supply and demand curves labelled with 12/07, Label this initial point as point A.
A machine used to cereal boxes dispenses, on the average, ounces per box. What is the largest value.
The banking system is a fractional reserve banking system with a desired reserve deposit ratio. Banking system is a fractional reserve banking system.
Who has the comparative advantage in what product. Once they specialize, how much does output increase. What are the terms of trade if the United States trades 1 can of soda for 5 units of clothing.
Suppose at the current level of labor used, the MRP = $100 and the MFC = $50. Elucidate the maximize profits
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd