Find a uniform price what is the price

Assignment Help Microeconomics
Reference no: EM13162253

A monopolist has two types of customers. There are 100 of TYPE A, who will each pay up tp $10 for a single unit of the good, and 50 of TYPE B, who will each pay up to $8.00. Neither are willing to purchase additional units at any price. If it must find a uniform price what is the price? Assume that spending $80 on advertising will attract 100 more TYPE B customers. Should the monopolist advertise? If so what will happen to the price?

Reference no: EM13162253

Questions Cloud

Calculate the change in heat for the surroundings : The surrounding solution has a mass of 1298 and its temperature is changed by 12.7 . If the specific heat is assumed to be 4.18 , calculate the change in heat for the surroundings.
Calculate the number of calories needed to increase : Calculate the number of calories needed to increase the temperature of 50.0 g of copper metal from 21.0 degrees C to 75.0 degrees C. Given, the specific heat of copper is 0.382 cal/g x degrees C.
Determine the theoretical volume of naoh : Determine the theoretical volume of NaOH it should take to neutralize the sulfuric acid in the equilibrium reaction mixture.
Determine the number of bromine molecules present in flask : A flask contains 0.110 mol of liquid bromine, Br2. Determine the number of bromine molecules present in the flask.
Find a uniform price what is the price : A monopolist has two types of customers. There are 100 of TYPE A, who will each pay up tp $10 for a single unit of the good, and 50 of TYPE B, who will each pay up to $8.00.
What would the volume of methane at standard temperature : a bacterial culture isolated from sewage produced mL of methane,ch4 at 30C and 749 mmHg. What would the volume of methane at standard temperature and pressure 10 C 760 mmHg'
What is the final volume : a 40.0 ml volume of ethane gas is heated from 25.0 celcius to 50.0 celcius. If the pressure remains constant, what is the final volume?
Should the monopolist advertise : Should the monopolist advertise? If so what will happen to the price and who will each pay up to $8.00. Neither are willing to purchase additional units at any price
What does fu mean in stoichiometry : what does FU mean in stoichiometry?

Reviews

Write a Review

 

Microeconomics Questions & Answers

  Question about absolute and comparative advantage

Determine which country has absolute advantage in production of tanks and explain why is it this country?

  Impact of globalization on firms cost structure and markets

Choose a United States based company with global operations. Discuss and explain the impact of globalization on the company's cost structure, markets, currency risk, and overall strategy.

  Outline a microeconomic reform issue

Outline a microeconomic reform issue that is relevant to the Australian economy and how successful do you think these reform measures were and say why referring to some data or research that has been performed?

  Explain japans slow economic growth

Discuss and explain japans slow economic growth over the past few decades and the projection that this will continue.

  Calculate the values of change in consumer surplus

Draw a graph to analyse the effects of 40 per cent tariff rate in Korea on the price, domestic supply of and demand for beef, and compare the situation with no tariff case.

  Positive and negative externalities

Externalities are 3rd-party consequence of some other action. They can be positive or negative externalities and they impose a benefit or cost to a 3rd-party.

  Phases of production-law of diminishing returns

Assume each worker is paid $10 per hour and works a 40-hours week. How many workers should the firm hire if the price of the output is $ 10? Suppose the price of the output falls to $7.50.What do you think would be the short-run impact on the firm..

  Explain the effect of interest rates on money supply

In the summer of 1997, Congress and president agreed on budget package to balance the federal budget. The contract," signed into law by President Clinton in August as the Taxpayer Relief Act of 1997,

  The supply and demand for children

Discuss why the number of children that a family has may differ in an Industrial Society and a Third World Agrarian Society.

  How does heckscher-ohlin theory differ from ricardian theory

How does the Heckscher-Ohlin theory differ from Ricardian theory in explaining international trade patterns and the theory demonstrates how trade affects the distribution of income within trading partners. Explain.

  Determine the equilibrium price and quantity

Calculate the equilibrium price and quantity. Sketch the supply and demand curves on a graph indicating the equilibrium.

  Explain three basic trade-offs

If Microeconomics is considered to be study of scarce resources. In which customers must make allocation decisions. These 3-basic trade offs include which products or services are to be manufactured

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