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
Maurice has the following utility function: U (X; Y ) = 20X + 80Y ?? X2 ?? 2Y 2 where X is his consumption of CDs, with a price of $1, and Y is his consumption of movie videos, wit

explain the relationship between scarcity,choice and opportunity cost

Suppose Dlamini has R5 000 to spend on trousers and shirts. The price of trousers is R500 each and that of shirts is R312.50 each. 6.1 Use the information and calculate consumer eq

to what extent are interest rates determined by the economic theory

Problem: (a) Why is an error term added to a regression and explain its importance in the OLS procedure? (b) Suppose we have a linear equation with a constant term, one expl

if a commodity has limited demand , should economist say that we still have a scarcity ?

Think about the demand for the three popular game consoles: XBox, PS3, and Wii. What is the effect on the demand for XBox games and the quantity of XBox games demanded if, other th

The demand curve for oranges is given by the equation P = 5 - Q/200. The supply curve is given by P = Q/800. Q is measured in oranges per day and price is measured in dollars per o

cartels model of collusive oligopoly

Government Budget Deficits Governments have been traditionally spending more what they could earn by way of taxes and sale of economic goods and services produced by them. The