Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A monopolist is able to discriminate perfectly among his consumers - by charging a different price to each one. The market demand curve facing him is given by P = 72-Q. His marginal cost is given by MC = 24 and marginal revenue is MR = 72-2Q.
(a) In a diagram, illustrate the profit-maximizing equilibrium, where discrimination is not practiced.
(b) Calculate the equilibrium output if he discriminates perfectly.
(c) If he has no fixed cost beyond the marginal production cost of $24 per unit, calculate his profit in each pricing scenario.
a) How many firms will operate in this market at a long-run equilibrium b) How would your answer change if each firm faced a price elasticity of demand of -4/3 and charged a profit maximizing price of $400 per unit
Ross Machine Company in Smithville, Tennessee is considering buying a "CNC Machining Center" for its machining department. The cost of the machine is $60,000. A down payment of $20,000 is required by the machine tool builder
Assume that GDP is $6,000, personal disposable income is $5,100 and the government budget deficit is $200. Consumption is $3,800 and the trade deficit is $100. How large is national saving
Suppose that the Fed's inflation target is 2%, potential output growth is 3.5%, and velocity is a function of how much the interest rate differs from 5%: %^V= 0.5 X (i-5). Suppose that a model of the economy suggests that the real interest rate is..
What would you expect to happen to the number of applicants if the starting salaries of manager with M.B.A. degrees remained constant but salaries of manager without such degrees increased by 15 percent
Briefly explain why the tuition increase's impact on universit5r revenue would be different if Washburn's 3o4 increase coincided with a 3olo increase at all other universities versus if Washburn's 3%o increase coincided with other universities
Suppose now some appraiser can identify the painting with 90% if its not a counterfeit, and 80% if it is a counterfeit. If the appraiser chargers $500 for consultation, should the collector pay the consultation fee and ask for consultation
Can a monopolistically competitive firm producing a good with lots of very close substitutes earn large positive profits in the long run? Please explain.
What is the marginal product of the third worker What is the marginal revenue product of the second worker What is the marginal cost of the fourth worker Based on your knowledge of marginal analysis, how many workers should you hire
Calculate autonomous expenditute. b. Calculate the marginal propensity to consume. c. What is aggregate planned expenditure when real GDP is 200 billion pounds d. If real GDP is 200 billion pounds, what is happening to inventories
Suppose that the demand curve for accountants isED=20-W. The supply curve isES=2+2W. a. Graph the demand and supply curves. What is the equilibrium wage and number of accountants hired b. Suppose California taxes accountants $2.
As capital investment analyst for the Parkhurst Printing Corporation, you have been asked to evaluate the advisability of purchasing a new printing press to accommodate projected increases in demand. This new machine is expected to last 5 years, a..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd