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!
Problem 1: Assume that the long run total cost function for each firm in a perfectly competitive industry is LRTC = q3 - 4q2 + 8q and the market demand function is Q = 2000 - 100p. Calculate:
(a) Each firm's individual output
(b) Equilibrium market price and quantity
(c) Number of firms in the industry
(d) Profit per firm
Problem 2: If a monopolistic charges the same price for all of its output (i.e., it does not price discriminate), total revenue for the firm will be TR = P(Q)Q.
Show that:
(a) Total revenue is maximized when prices and quantities are set so that demand elasticity is -1.
(b) Explain why a monopolistic would ever never produce at an output level at which demand elasticity is -1 (part I). Or why a monopolist will always produce an output lower than that which would maximize its total revenue? (Part II). (Hint: What is the objective of a monopolist?)
Explain which technology would you advise the CEO of Defendo to adopt given the threat of possible entry. Also what will be the Defendo's profit given his choice.
In the argument for why perfect competition is allocatively efficient, the price that people are willing to pay represents the gains to society and the marginal cost to the firm represents the costs to society. Can you think of some social costs or i..
I. Introduction: The purpose of this brief discussion assignment is to help you further develop your understanding of your employer's current or potential strengths. Because this course is interested in how human behavior can be understood and levera..
Consider s market where there are many firms with different cost structures. If demand shift to the left (decreases), the last firm that entered____.
Further you know that there is a 35% chance for a strong economy and a 50% chance for average growth. What is the expected return on this investment?
what quantity would they choose? If the oligopolists do not act together but instead make production decisions individually.
q1. assume the supply of money graph. if reserve prerequisite before the shift was 10 as well as the fed adjusted the
In "In Praise of Big Brother" (pp. 203-215), James Stacey Taylor argues for the optimistic conclusion that, with the right legal and procedural safeguards, large-scale governance surveillance would have many positive consequences. What are Taylor's b..
Given the demand and cost conditions, what price, output and profits result in the short run? What will happen as the firm moves from the short to the long run
What number of workers appears to minimize the marginal cost of pizza production assuming that each pizza worker is paid $500 per week?
Explain what negative externalities are, and why there may be a case for government intervention to address them. Describe some of the ways to correct the negative externalities and the pros and cons of each method. Provide real life examples.
The first cash flow of a 25-year series of quarterly cash flows is equal to $35,000. Each cash flow in the series increases by $800. Find the amount of each cash flow in an equal quarterly cash flow series that is equivalent to the increasing cash fl..
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