Calculate the price and quantity if monopolist maximized

Assignment Help Business Economics
Reference no: EM132262410

(3rdDegree Price Discrimination)

A Monopolist selling a cell phone in two separate markets. They must decide how much to sell in each market in order to maximize their total profits.

The demand in the Brazilian Market is: QBrazil= 120 - 10PBrazil

The demand in the United States Market is: QUSA= 60 - 20PUSA

If Total Cost is:  TC = 90 + 2(QUSA+QBrazil)

A. Calculate the Price and Quantity if the Monopolist Maximized their profit and sells in both markets? 

B. Calculate the Profit if he Monopolist Maximized their profit and sells in both markets? 

C. In the absence of 3rdDegree Price Discrimination and the firm must sell at the same price in both markets, what is the price, quantity and total profit?

Reference no: EM132262410

Questions Cloud

How did this statement influence your initial perception : How did this statement influence your initial perception of him? Did your opinion change as you read the text?
How much should kashian charge for its premium car : Based on their expectations of profitability, Kashian realizes the price of a Luxury Car should be $71,500. How much should Kashian charge for its Premium Car?
What common themes do you see : What common themes do you see? How does any of the background reading help you understand meaning?
What factors caused the decline of anomabo role : Did Europeans force the slave trade on their African counterparts in Anomabo? Please comment on the power dynamics present in Anomabo to examine the extent.
Calculate the price and quantity if monopolist maximized : Calculate the Price and Quantity if the Monopolist Maximized their profit and sells in both markets?
Why do you think we continue to use racial categorie : Why do you think we continue to use racial categories to classify groups of people even though we know that there is not a biological basis for these groups?
What are four conditions required for a competitive market : Suppose that the (inverse) demand curve for Cranberries is given by P = 40 - 6Q and TC = $4Q + $3Q2
What events did you attend : What events did you attend? What happened? (approximately 250 words). How did your experience of actual cultural events compare with the expectations.
What percentage did sweden gdp per capita : By what percentage did Sweden's GDP per capita rise between 1990 and 2010?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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