Calculate production-prize and profit, Microeconomics

Consider a television manufacturer based in Korea. It produces TVs in Korea at a total cost of Y 2 + 2Y where Y is the number of televisions they produce in Korea. It can also produce TVs in Japan at a cost of 3Z2 where Z is the number of televisions they produce in Japan.1 The company sells TVs in Japan where it faces a demand of:

P*= 2; 000 - 2Q*:

The demand in Korea is

P* = 1; 000 - 2Q:

Transport costs are 100 per unit. The fixed cost of becoming a multinational is 2,500.

Calculate Korean production, Japanese production, exports, the Korean price, the Japanese price, and profits.

 

Posted Date: 4/6/2013 2:55:28 AM | Location : United States







Related Discussions:- Calculate production-prize and profit, Assignment Help, Ask Question on Calculate production-prize and profit, Get Answer, Expert's Help, Calculate production-prize and profit Discussions

Write discussion on Calculate production-prize and profit
Your posts are moderated
Related Questions
what is demand

Much of the supply-side, fiscally conservative economic policies of Margaret Thatcher, Ronald Reagan, and even Mike Harris in Ontario were predicated on the belief that high income

Q. What is Free Trade Agreements? Free Trade Agreements:It is an agreement between two or more countriesthat eliminates tariffs on trade between the countries, reduces non-tari

discuss the central economic problem facing survivor group

Work of Denison Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

short run equilibrium of the industry

assume you are selling a product and when your price is decreased by 29% your quantity demanded increases by 55%. What is your price elasticity of demand?

The Money Multiplier is explained below: If you see carefully, the money multiplier is nothing but an inverse of a reserve ratio. Therefore, we can write MM = 1/rr, where rr is

The distinction between supply and the quantity supplied is best made by saying that

Cardinal Theory: An Introduction In cardinal approach, utility is measured cardinally or numerically in terms of money. The consumer not only knows which one is preferred but