What price does the firm charge its customers by what

Assignment Help Microeconomics
Reference no: EM13394166

A firm has $2,000,000 in sales, a Lerner index of 0.56, and a marginal cost of $35, and competes against 900 other firms in its relevant market.

Instruction: Round your answers to 2 decimal places.

a. What price does this firm charge its customers?

b. By what factor does this firm mark up its price over marginal cost?

Reference no: EM13394166

Questions Cloud

E-commerce creates its own risks and therefore special : e-commerce creates its own risks and therefore special internal controls. 1 identify and explain one pitfall and one
Wich of the following is a strategy that uses the : 1.nbspnbspnbspnbspnbspnbsp what can enhance the value of web-based shopping experiences to serve as personal shopping
The task is expected to take 20 hours of labor at 25 per : a task is expected to take 20 hours of labor at 25 per hour direct cost. the required material cost is 500. the
What is the statistical test for examining the significant : multiple choice questions1. what is the correct order of steps in testing a hypothesis?a. statement of null hypothesis
What price does the firm charge its customers by what : a firm has 2000000 in sales a lerner index of 0.56 and a marginal cost of 35 and competes against 900 other firms in
Determine t-value for the coefficient of price how do you : a soft-drink bottler collected the following monthly data on its sales of 12-ounce cans at different prices.month 1 2 3
In your opinion can you justify the contractor officers : requirements apa format 7 paragraphs 1 page your supervisor came into the office in the late afternoon very upset. he
Would the answer change if firms a and b had somewhat : assume that four mineral water producers compete in prices in a bertrand setting. the firms differ with respect to
Identify any considerations you will need to employ to : select a current product with which you are familiar and pitch a new integratedmarketing communication plan imc to your

Reviews

Write a Review

Microeconomics Questions & Answers

  Which account has the greatest long-term implication.

Discuss the problems associated with having a persistent vs. temporary current account deficit and determine which one has the greatest long-term implication.

  For what values of ? and y will signaling occur

For what values of λ and y will signaling occur (a separating equilibrium)? For what values of λ and y will signaling not occur (a pooling equilibrium)? Briefly explain.

  Suppose you have a limited money income

Suppose you have a limited money income and you are purchasing products A and B whose prices happen to be the same. To maximize your utility you should purchase A and B in shuch amounts that?

  What should bob do in the short run

Suppose instead that the price of DVDs is $20. Now what is the profit-maximizing quantity of DVDs that Bob should produce? What will his total profit be now? Will he produce or shut down in the short run? Will he stay in the industry or exit in the l..

  Compute the coefficient of determination carry out the

1. consider the sherwin-williams company example discussed in this chapter seetable 4.1. suppose one is interested in

  Why are real wages in the united states higher than in other

Why are real wages in the United States higher than in other countries? Is the labor force itself responsible for the higher wages of American workers? Explain.

  How the egg breaking rampage affects egg prices

Would you consider the demand for eggs to be elastic or inelastic and illustrate and explain with a diagram how can the Government intervene and correct this situation

  Does mr smith fit typical profile for uninsured person in

joe smith is a 27- year-old caucasian male who works two part-time jobs for two different construction companies. joe

  Show that the two utility functions given below generate

Which of the following utility functions are consistent with convex indifference curves and which are not?

  In 2003 to 2004 the canadian dollar appreciated

in 2003 to 2004 the canadian dollar appreciated against the us dollar. explain the effects of this

  How to change any aspects of decision making

Sidney Featherstone of TIP, Inc. is owner and CEO of the company. He has made the company successful through his decision making over the years. This year he decided to retire to Costa Rica. He does not intend to change any aspects of decision mak..

  In order to answer the questions you will have to analyse

in order to answer the questions you will have to analyse the datasetattached via usinggretl or other statistic

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