User Account

All Pages

Determining the profit-maximizing price

Assignment Help Macroeconomics
Reference no: EM131102201

Assume the price elasticity of demand for physicians' services is -0.2. If your marginal cost per visit is $20, what is your profit-maximizing price if you control 5% of the market? What is your profit-maximizing price if you control 15% of the market? What lessons do you draw from this information?

Reference no: EM131102201

Questions Cloud

Act of buyers and sellers : What is the the act of buyers and sellers freely and willingly engaging in non-fraudulent market transactions. Both parties should benefit from the exchange.
A certain game the probability of winning : A gambler believes that a strategy called "doubling up" is an effective way to gamble. The method requires the gambler to double the stake after each loss. Thus, if the initial bet is $1, after losing he will double the bet until he wins. After a ..
Use notations ln and log interchangeably : Suppose a demand function is given by x(p). Then, elasticity of demand at p is -p d/dx logx(p). Using this, compute the elasticity of demand when x(p) = ap^-b, where a, b are positive constants. (We use notations ln and log interchangeably).
Define cash flow accounting income incremental cash flow : Define each of the following terms: a. Cash flow; accounting income b. Incremental cash flow; sunk cost; opportunity cost
Determining the profit-maximizing price : If your marginal cost per visit is $20, what is your profit-maximizing price if you control 5% of the market? What is your profit-maximizing price if you control 15% of the market? What lessons do you draw from this information?
The theory of public choice suggests : The theory of public choice suggests that
Calculate the tension t in the cord and the acceleration a : The small pulley attached to the block has negligible mass and friction. (Suggestion: First establish the kinematic relationship between the accelerations of the two bodies.)
About the political and market systems of voting : Which of the following is TRUE about the political and market systems of voting?
A committee consists of five executives : Committee Selection. A committee consists of five executives, three women and two men. Their names are Maria (M), John (J), Susan (S), Will (W), and Holly (H). The committee needs to select a chairperson and a secretary.

Reviews

Write a Review

 

Macroeconomics Questions & Answers

  Manufacturing costs for the manufacturing capacity

Kobil Co. has 2 products that use the same manufacturing facilities and cannot be subcontracted. Each product has sufficient orders to utilize the entire manufacturing capacity. For short-run profit maximization, Kobil should manufacture the produ..

  Calculate the economic cost of the time

Jim previously earned $70,000 per year, but he now pays himself $25,000 per year while he is building the new business. what is the economic cost of the time he contributes to the new business.

  What do you mean by export are exogenous

What do we mean when we say export are exogenous and import are endogeneos?

  Find the cost of equity financing for common stock

Dividend in year 1 = $8, growth = 6%, floatation costs percentage of stockprice = 11.4%, and the current stock price = $58.

  Describe what will happen to supply and demand

As baby boomers retire. What will happen to supply and demand Will we use our surplus and how shown in a graph. Show aggregate demand/supply etc. should the solow growth curve be part of the graph List all that needs to be involved.

  Explain any other differences among selling the mobility

Explain any other differences among selling the mobility product in the United States and selling it in your three targeted countries.

  Which country has higher investment in human capital

Countries A and B have the same rates of investment, population growth, and depreciation. Country A has a higher rate of growth than does Country B. According to the Solow model, which country has higher investment in human capital?

  Demand function for red gear and cost function

Determine the profit maximizing level of output and price. Is this long run equilibrium? According to the theory of monopolistic competition, do you expect entry or exit taking place in this industry?

  Calculate the level of output per period

Using the second method, fixed costs are £8,750,000 per period and variable costs are £180 per unit. Calculate the level of output per period for which the total costs are the same.

  What caused such a shock to the money multiplier

In addition to the shock to the money multiplier as in Question 15, we experience two more shocks that influence the money demand curve: The new, money demand curve is now equal to: Md = 1 X [ 2900 + .5 (5400) - 200 (i)] Explain why we would ex..

  Impact the theory of consumer choice

You have been asked to assist your organization's marketing department to better understand how consumers make economic decisions. Write a 1,050-word analysis that includes the following:

  Expected future in?ation

What does this imply about the expected future in?ation? Now graph the yield curve for AAA, AA, and A rated corporate bonds. Is the corporate yield curve the same shape as the Treasury yield curve? Why or why not

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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