User Account

All Pages

What is the best the manufacturer can do in the instance

Assignment Help Microeconomics
Reference no: EM13870152

We considered a large manufacturing mo­ nopolist selling to individual retailing monopolists. Recall that in one parameterization of the problem, there were ten retailers, three of whom faced demand of the form p = 12 - 9x , five of whom faced demand of the form p = 12 - 6x, and two who faced demand of the form p = 12 - 2x . Costs of production and sales were zero. The retailers are price-takers in their dealings with the manufacturing monopolist.

(a) Assume that the manufacturer can tailor a take-it-or-leave-it offer for each individual retailer, of any form desired. To maximize her profits, what should the manufacturer do?

(b) Suppose the manufacturer is compelled by law to make identical offers to all ten retailers, but she can otherwise make take-it-or-leave-it offers, offers with menus where retailers are restricted to taking only one item from the menu, and so on. What is the best the manufacturer can do in this instance?

Reference no: EM13870152

Questions Cloud

Define header files : Define Header files. Define main()function Declare local variables and assigning values to variables.
Identifying main ideas and supporting detail : Helpful Resources: Identifying Main Ideas, Supporting Evidence/Details, and Summarization. Identifying Main Ideas and Supporting Detail
Prepare the journal entry that jna will make to record : Prepare the journal entry that JNA will make to record the promissory note created on April 30, 2015. Prepare the journal entries that JNA will make to record the interest accruals at each quarter end and interest payments at each payment date. Prepa..
Preliminary drawings of a passenger railway carriage : Figure 1 (a) & (b) show some preliminary drawings of a passenger railway carriage that was supplied to a design engineer to confirm the thickness of Aluminium sheets needed to fabricate the superstructure of the carriage.
What is the best the manufacturer can do in the instance : What is the best the manufacturer can do in this instance? Assume that the manufacturer can tailor a take-it-or-leave-it offer for each individual retailer, of any form desired.
Use newton''s method with the specified initial approximation : Use Newton's method with the specified initial approximation x1 to find x3, the third approximation to the root of the given equation. (Give your answer to for decimal places.)
Prepare journal entries for items a and j : For items (a) and (j), analyze the amount and direction (1 or 2) of effects on specific financial statement accounts and the overall accounting equation. Prepare journal entries for items (a) and (j). Show how Accounts Receivable, Notes Receivable, a..
What are the highest and lowest values of its acceleration : The location (as a function of time) of a car, moving in a straight line, is given by the expression x(t)= 2t + sin(2pi t)for [0,1]. What are the highest and lowest values of its acceleration in that time interval?
Find the speed of b as seen by a : In the laboratory frame, two observers A and B are moving along the sides of an equilateral triangle with equal speeds c/2, as shown in the figure. Find the speed of B as seen by A.

Reviews

Write a Review

Microeconomics Questions & Answers

  How would retail sales affect the countrys gdp

How would retail sales affect the country's GDP and what else might you predict (that could affect GDP) to increase based on retail sales increasing?

  Gen following information answer following questions tr

given the following information answer the following questions tr 3q tc 1500 2q a. what is the break-even level of

  Which of the following is not one of the explicit functions

which of the following is not one of the explicit functions of the federal reserve granted by

  Discuss its implications and assess its importance for

Discuss its implications and assess its importance for macroeconomic policy.

  Software producer has fixed costs of 30000 per month and

a software producer has fixed costs of 30000 per month and her total variable costs tvc as a function of output q are

  Describe the conditions necessary to price discriminate

Monopolies are price makers and as such should be able to set price where they will make a profit. Is this statement true? Why or why not?

  How to improve one-time additive

A producer of synthetic motor oil for automobiles and light trucks has made the following statement: "One quart of Dynolube added to your next oil change will increase fuel mileage by one percent.

  Suppose the demand for a product is given by p 40 4q also

suppose the demand for a product is given by p 40 4q. also the supply is given by p 10 q.what is the price

  What is the keynsian multiplier?

Explain why the effective or true multiplier would be expected to be much smaller when the economy is near potential output.

  What is the size of the labor force what is the official

Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor force..

  How much value did each person add

A dairy maker sells 250$ of milk to a cheese maker. The cheese maker users the milk to make $450 of cheese and sells it to a wholesaler. The wholesaler sells it to a retailer for $600. The retailer sells it for $1200. What is the GDP from this ..

  Principles of microeconomics

Principles of Microeconomics - There are 2 brands of cell phones that are almost identical except for some minor features: the A-Phone and the Pomegranate.

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