Characterize the firms profit-maximing behaviour

Assignment Help Business Economics
Reference no: EM131005527

A monopoly sells to consumers with inverse demand given by p(Q) = 100 − Q and technology TC(Q) = 5Q. Characterize the firm’s profit-maximing behaviour when they are permitted to set a two-part tariff.

Reference no: EM131005527

Questions Cloud

Pricing plan to be even more immoral : German Brothels German brothels recently began offering a monthly subscription service for multiple purchasers. If you thought that the brothels’ encouragement of prostitution was immoral to begin with, would you consider this pricing plan to be even..
How fast are the trains traveling away from one another : At 1:30 PM the northbound train continues north at 75 mph. How fast are the trains traveling away from one another at 4:00 PM? The distance between the trains is increasing at miles per hour.
Problem regarding the religions of china : 1. Do you see the religions of China, religions that came into being in very ancient times, as being completely foreign to modern belief systems?
Focus is on aggregate demand or aggregate supply : Explain the differences between typical demand side fiscal policy and supply side fiscal policy. For each of the following fiscal policy proposals, determine whether the primary focus is on aggregate demand or aggregate supply or both.
Characterize the firms profit-maximing behaviour : A monopoly sells to consumers with inverse demand given by p(Q) = 100 − Q and technology TC(Q) = 5Q. Characterize the firm’s profit-maximing behaviour when they are permitted to set a two-part tariff.
Create a detailed swot analysis for gold group salon chain : Creating effective goals for any company are dependent on the strengths, weaknesses, threats and opportunities a company is facing and will face. Please create a detailed SWOT Analysis for the Gold Group Salon Chain addressing the following: Write..
Find the equation of the tangent line to the given curve : Find the equation of the tangent line to the curve y = 2 sec (x) - 4 cos (x) at the point (π/3, 2). Write your answer in the form y = mx + b where m is the slope and b is the y-intercept.
What profit level does the word lucrative imply : Assuming that Dilbert continues to have access to his company’s valuable technology trash, can Dilbert argue that his job is especially lucrative because he can sell the old power cords and other “trash” for an added income stream above his paid sala..
Calculate the consumers elasticities of demand : A consumer has the utility function U(x,y) = xα yβ , where x$0 and y$0 represent her consumption of goods X and Y, and α>0 and β>0 are exogenous parameters. Calculate the consumer’s elasticities of demand for X and Y. These elasticities may be functi..

Reviews

Write a Review

Business Economics Questions & Answers

  What is probability that these students will spend

What is probability that these 64 students will spend a combined total between $703.59 and $728.45.

  What is the elasticity of substitution for this production

Suppose there is a fixed amount of capital K¯ = 10. Find the short run cost function CFK(q) when the wage is 6 and the rental rate of capital is 3 for a firm whose production function is F(K, L) = K^(3/5)L^(2/5). What is the elasticity of substitutio..

  Basic medical care facilities

You live in a small town with basic medical care facilities and a couple of general practitioner physicians. One of the physicians has said that your cousin needs to be seen by a specialist. However, the nearest specialist is 3000 miles away, on the ..

  Explain how could we best categorize the remaining

Imagine that last year, Jennifer earned $80,000 in salary, and consumed $50,000 in goods and $23,000 in services. How could we best categorize the remaining $7,000.

  Effect of geography upon general market characteristics

The marketer should examine the more complex effect of geography upon general market characteristics, distribution systems, and the state of the economy. Why? Discuss how this will impact the success of the marketing campaign.

  Possible combinations of corn and beans

A farmer’s field grows 30 bushels of corn and 10 bushels of beans. The farmer can either consume these crops herself or trade them, with one bushel of beans being traded for one bushel of corn. Graph the farmer’s budget which is the possible combinat..

  Perfect complements and draw an indifference curve map

For each of the following pairs of items, say if they are perfect substitutes, imperfect substitutes, or perfect complements and draw an indifference curve map.

  Define full employment and price stability

Define "Full Employment" and "Price Stability". Define, measure, and discuss why inflation is a problem. Define and measure unemployment.

  Red points to the correct coordinates of price and quantity

This year is expected to be a great one for selling walking shoes in Georgia. At very low prices, only the most efficient shoemakers are able to sell. There are two shoe producers that operate with the most cost-effective equipment and skilled person..

  Disregarding option premium

Consider options on Microsoft stock. Suppose that there are call options with a strike price of $10 and put options with a strike price of $10, both with the expirations date of January 16th. Compute the gross profit (ie disregarding option premium) ..

  How will price and output of the chemical products compare

Suppose that firms in the chemical industry are allowed, free of charge, to dump harmful products into rivers. If this is the case in a competitive market, how will the price and output of the chemical products compare with their values.

  Q1 if you are the chief economist of a country experiencing

q1. if you are the chief economist of a country experiencing high unemployment as well as flat gdp what macroeconomic

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