Already have an account? Get multiple benefits of using own account!
Login in your account..!
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. Suppose a firm faces two customers: Larry and James. Each of se consumers has utility function u(x)+m, where x is level of consumption of good produced by firm and m is money left over for or purchases. Both consumers initially have $100 to spend. For Larry, function u is provided by u(x)=6x-x2. For James, it is u(x)=8ln(x+1). This firm has constant marginal costs equal to $2.
a. For each consumers, illustrate what is best (first-degree price discrimination, profit maximizing) offer to make to that consumer? Illustrate what is total profit dealing with se two consumers?
b. Suppose firm sets an entry fee plus per-unit price for each consume. It can tailor entry fee and per-unit price to individual consumer. Illustrate what are best (profit-maximizing) entry fees and per-unit prices for it to set? Illustrate what is total profit in this case?
c. Suppose firm must charge a single linear price for its output, in non-discriminattheory fashion. Illustrate what is best (profit-maximizing) price for it to charge? Illustrate what is total profit?
How does the AS during short run slopes? Draw AS curve in the long run. Explain the slope of the AS curve in the long run. What are the causes for the changes in AS (Shift)? W
Two identical countries, Nation A and Nation B, can each be described by a Keynesian-cross model. MPC is .9 in each nation. How much is government purchases multiplier for eac
Christine has always been weak in mathematics. Based on her performance prior to the final exam in Calculus, there is a 57% chance that she will fail the course if she does no
The price level in the economy in 2007 and 2008 rose from 100 to 105. In 2008 and 2009, the price level increase from 105 to 110.25. How does the short-run Phillips curve fore
A transit line is to be constructed so that people living in a 200-km-long, narrow corridor can be transported to a single employment location at the end of this corridor. T
A investor wants to build an apartment building of 90 apartments. The MARR is 8%. The construction of the building will last 3 years with distributed cost for a total amount o
Assume that you are considering a 7-night vacation to Fort Walton Beach, Florida, in March. You estimate the total cost of the trip to Fort Walton Beach at $1,250, including d
The normal supply and demand models take the supply and demand of a particular good and show that the equilibrium price is where the two curves intersect. How do we reconcile
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