Calculate output-price and profit under monopoly conditions

Assignment Help Econometrics
Reference no: EM13219991

A local business in a small college town has a major portion of their business to college bookstore. On the side they also provide services to other local businesses. The local demand is Q=200-5P. The average and marginal cost is $8. a. Calculate output, price, and profit under the monopoly consditions they enjoy b. To test other markets, they contemplate opening a retail outlets in several college towns where there will be other competitors. CAlculate price and output under this condition if it is perfectly competitive

Reference no: EM13219991

Questions Cloud

Explain the differences between server-side and client : Explain the differences between server-side and client - side scripting languages. Please provide at least 3 advantages and disadvantages of each. Please cite your sources if needed.
Describe growth objectives for organization : Discuss the company's corporate strategy and explain what business the organization is in or wants and describe your growth objectives for this organization.
How oil price shock of 1980 sent gasoline prices higher : The oil price shock of 1980 sent gasoline prices sharply higher. Coal prices moved in sympathy with oil prices, with the result that coal companies earned pure economic profits. Since coal is a homogeneous good and the market is competitive.
Discuss how emergency preparedness reduces risk : Discuss how emergency preparedness reduces risk. What best practices would you recommend related to emergency preparedness and response in corrections and Do you believe that the management of crisis or emergency situations should be regulated by ..
Calculate output-price and profit under monopoly conditions : A local business in a small college town has a major portion of their business to college bookstore. On the side they also provide services to other local businesses. The local demand is Q=200-5P. The average and marginal cost is $8.
What is the density of the solution : Express the concentration of a 0.0760 M aqueous solution of fluroide, F-, in mass percentage and in parts per billion
What about firm would mitigate the concerns : Considering the intense work place at BuyCostumes.com during the two months before Halloween and the culture of "urgency," what would be the largest concern for mental and emotional health?
What is the range of addresses in the classes : What is the range of addresses in the classes of internet addresses?
Compute the standard enthalpy of formation of ethane : The molar heat capacity of ethane is represented in the temperature range 298 k to 400 k by the empirical expression C(p,m)/(J K-1 Mol-1) = 14.73 + 0.1272 (T/K). Calculate the standard enthalpy of formation of ethane at 350 K from its value at 298..

Reviews

Write a Review

 

Econometrics Questions & Answers

  Determine whether it is better to rent or own

You currently pay $10,000 per year in a rent to a landlord for a $100,000 house, which you are considering purchasing. you can wualify for a loan of $80,000 at 9% if you put $20,000 down on the house. To raise money for your own downpayment, you w..

  Determine the annual worth of the project

Determine the present worth of the project, including both costs and incomes. 3. Determine the annual worth of the project, including both costs and incomes. (using present worth and mulitply it by the appropriate A/P) 4. Is the project worth while..

  How many permits will each firm buy and sell

There are three industrial firms in Happy Valley. FIRM INITIAL COST OF REDUCING POLLUTION LEVEL POLLUTION BY 1 UNIT A 70 units $20 B 80 25 C 50 10 The government wants to reduce pollution to 120 units, so it gives each firm 40 tradable pollution p..

  Estimating demand

When testing whether each of independent variables in a multiple regression equation is statistically significant in describing variations in the dependent variable,

  Why couldnt cocacola simply raise the price of coke

1985/the cocacola comp was faced with soaring prices for sugar cane, 1-cent increase in the price of sugar cane raised its total cost by$20million.Rather than raise the price, comp looke for a cheaper input and replced cane suger with corn sugar.

  Is ximing better off-the same or worse off

During his first year at school, Ximing buys eight new college textbooks at a cost of $50 each. Used books cost $30 each. When the bookstore announces a 20% price increase in new texts and a 10% increase in used texts for the next year, Ximings fa..

  What will be the depreciation charges

if the cost basis for a macrs 5-year property is $100000 and the equipment is sold for $20000 after 5 years of beneficial use, what will be the depreciation charges the 1st and 5th years and the book value at the end of the 5th year

  Calculate the value of the objective function over five-year

Consider three alternative policies, each with a different set of outcomes in terms of output and inflation, as shown in the following table: Output Policy A (1) 500.0, (2) 515.0, (3) 530.5, (4) 546.4, (5) 562.8. Output Policy B (1) 500.0, (2) 500..

  What price will it charge for nighttime tickets

Cinema Theater has estimated the following demand functions for its movies: Daytime demand, QD = 400 - 50 PD Nighttime demand, QN = 200 - 20 PN The marginal cost of serving another customer is $5 and its fixed costs are $100.

  Determine the average cost function

If the firm can only produce one product and seeks to maximize weekly profit, write a condition that indicates when the firm should choose to produce Product 2 (where this condition is a function of the number of units sold per week).

  Evaluate the statistical significance of the equation

Just The Fax, Inc. (JTF) has hired you as a consultant to analyze the demand for its line of telecommunications devices in 35 different market areas. The available data set includes observations on the number of thousands of units sold by JTF per ..

  What is the equivalent annual cost of owning the truck

A delivery truck costs $30,000 and has a salvage value of $5,500 after 6 years. Maintenance and operating costs are $8,500 for the first year and are expected to increase at 6% per year. What is the equivalent annual cost of owning and operating t..

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