How much advertise cost

Assignment Help Econometrics
Reference no: EM13187987

A monopolist has two types of customers.There are 100 of type A, who will each pay up to $10 for a single unit of the good, and 50 of type B, who will each pay up to $8 Neither is willing to purchase additional units at any price. If it must charge a uniform price, find that price. a Assume that spending $80 on advertising will attract 100 more type B customers. should the monopolist advertise? if so, what will happen to price?

Reference no: EM13187987

Questions Cloud

What are the potential effects of exposure to nitric acid : What are the potential effects of exposure to nitric acid? Consider all different modes of exposure listed on the MSDS.
Find the absolute maximum and absolute minimum values : Find the absolute maximum and absolute minimum values of the function f(x)= ((x^3)/3)-5x^(2)+24x on the interval[-3,10]
Determine which of the congruences has a solution and why : Determine which of the congruences has a solution and why? (Give explanation).
Explain two common polymorphs of zinc sulfide : There are two common polymorphs of zinc sulfide: cubic and hexagonal. Based on the analysis of Madelung constants alone, predict which polymorph should be more stable.
How much advertise cost : A monopolist has two types of customers.There are 100 of type A, who will each pay up to $10 for a single unit of the good, and 50 of type B, who will each pay up to $8 Neither is willing to purchase additional units at any price. If it must charg..
State potassium chloride and kcl and sodium sulfate : Potassium chloride, KCl, sodium sulfate, Na2SO4, glucose, C6H12O6, carbon dioxide, CO2, and ammonium phosphate, (NH4)3PO4, are soluble in water
State and explain 5pieces of information of living standard : A. Ireland is a very small open economy. Trace the likely economic consequences if the government used an expansionary fiscal policy to stimulate the economy. B. GNP at Current Market Prices for 2007 was 60% higher than the figure for 2000. State a..
The development of self-gender identity, parenting styles : As you read, you need to "dialogue" with the text by identifying main ideas and supporting details, making connections, marking confusing areas, identifying unfamiliar words, and examining graphics.
Developing the network design : The Fiction CEO has informed you that the capital budget cannot exceed $500,000 and must not interrupt business operations. What follows is a brief overview that will serve as your foundation in developing the network design.

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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