ECON, Business Economics

Assignment Help:
1. A firm has segmented its market into the following demand functions:

P1 = 500 – 50Q P2 = 500 – 20Q with a cost function: MC=AC =20

a. Determine the profit maximizing price and quantity and corresponding economic profits if the firm charges all customers the same price.
b. Determine the profit maximizing prices and quantities and corresponding economic profits if it practices third-degree price discrimination.
c. What are the conditions necessary for price discrimination to succeed?

Related Discussions:- ECON

Analyse the monetary policy called inflation targeting, Question 1: (a)...

Question 1: (a) "Money demand is inversely related to interest rates and is stable over time." Discuss the theoretical and empirical validity of this statement. (i) Analyse

gnp rises, If nominal GNP enhances at a rate of 10 per cent per year where...

If nominal GNP enhances at a rate of 10 per cent per year whereas the GNP deflator enhances at 8 per cent per year then show how much real GNP rises. Explain?

Currency option combinations, Currency Option Combinations A currency o...

Currency Option Combinations A currency option combination uses simultaneous call and put option positions to construct a unique position to suit the hedger's or speculator's n

BUSINESS CYCLES, FOUR CAUSES OF SLOW OF SOUTH AFRICA ECONOMY

FOUR CAUSES OF SLOW OF SOUTH AFRICA ECONOMY

Elasticity, elasticity concept occupies a central place in policy formulati...

elasticity concept occupies a central place in policy formulation. Explain in details.

Homework help in explination, with a water park going in town. What kind of...

with a water park going in town. What kind of externality is this?

Statistically significantly, Suppose that historically, the proportion of p...

Suppose that historically, the proportion of people who trade in their old car to a car dealer when purchasing a new car is 48%. Over the previous 6 months, in a sample of 115 new-

Business and economics, #discuss the theory of costs in relation to busines...

#discuss the theory of costs in relation to business operations.you should identify different types of costs and explain how the supply curve is constructed for an organisation?

Write Your Message!

Captcha
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