Define a monopolist has two types of customers

Assignment Help Econometrics
Reference no: EM13187801

A monopolist has two types of customers. There are 100 of type A, who will each pay up to $10 for a single unit of the good, and 50 of type B, who will each pay up to $8. Neither is willing to purchase additional units at any price. If it must charge a uniform price, find that price.

Reference no: EM13187801

Questions Cloud

What is the cross elasticity of demand : When the price of good X falls from . 10 to . 9, the demand for good Y Increase from 20 Kg. to 25 Kg. a) What is the cross elasticity of demand of good Y for good X b) Are goods X and Y compliments or substitutes
Conditioned stimulus : A conditioned stimulus is repeatedly presented and always followed by an unconditioned stimulus. Will the animal necessarily develop a conditioned response? Why or why not?
Find new estimates using ten rectangles in each case : By reading values from the given graph of f, use five rectangles to find a lower estimate and an upper estimate for the area under the given graph of f from x = 0 to x = 40.
What percent of monthly charges are between $100 and $1100 : A major credit card company has determined that customers charge between $100 and $1100 per month. Given that the average monthly amount charged is uniformly distributed, what percent of monthly charges are between $100 and $1100?
Define a monopolist has two types of customers : A monopolist has two types of customers. There are 100 of type A, who will each pay up to $10 for a single unit of the good, and 50 of type B, who will each pay up to $8. Neither is willing to purchase additional units at any price. If it must cha..
Long-term potentiation refers : Long-term potentiation refers to - cellular changes that raise the threshold for an action potential, cellular changes that lower the threshold for an action potential, acquisition of a lasting conditioned response, acquisition of a lasting operant r..
What is the estimated sample size : Find the sample size: We desire to be within plus or minus 4 units. We will have a 95% confidence interval and the population standard deviation is 15. What is the estimated sample size?
Determine the possibility of declining average costs : Give a numerical example to show that a monopolist's marginal revenue can be upward sloping over part of its range. Hint: The price on the demand curve is the producer's average revenue. Think of a graphic that shows the possibility of declining a..
Use cylindrical coordinates to evaluate the triple integral : Use cylindrical coordinates to evaluate the triple integral Ex2+y2dV , where E is the solid bounded by the circular paraboloid z=16-4x2+y2 and the xy -plane.

Reviews

Write a Review

Econometrics Questions & Answers

  Determine interest compounded monthly

Determine the two equal deposits, the first deposit required now and the second deposit at the end of year 6, so that you can withdraw $2,000 at the end of each year for the next 12 years. Assume that money earns 4% interest, compounded monthly.

  Determine the total fixed cost

A firm has Total Costs (TC) of $10,000 over the next three months (TOTAL for the 3 months - not per month), of which $6,000 are fixed costs (TFC) for rent on its lease that cannot be broken. If it stays in business over those months, then the firm..

  Calculate the present worth of the gifts

Autie Frannie wants to help pay for her twin nephews to attend a private school. She intends to send a cheque for $2,000 at the end of each of the next eight years to apply to the cost of schooling. a) If general price inflation, as well as tuiti..

  Define daily budget constraint without program participation

On the same graph, draw the daily budget constraint under AFDC for the single parent. According to AFDC, the family was given an income subsidy depending on family size and the family's benefit was reduced by $1 for every dollar earned. Suppose th..

  What is the socially optimal number of flu shots

Assume that the marginal cost (supply) of influenza vaccinations is constant at $40. Assume that everyone in society has health insurance that pays 80% of all medical services, including flu shots. Assume first that the flu is not contagious. Defi..

  Draw the indifference curve

Draw the indifference curve for U = 20. For what values of p1/p2 will the optimum be \(x_{1} = 0\) If neither x1 and x2 is equal to zero and the optimum is unique, what must be the value of x1/x2?

  What rate of nominal wage growth will workers seek

Assume that workers, employers and investors all believed that inflation in the coming year would equal the annualized rate of inflation experienced in the past 6 months. Also assume that workers had been receiving nominal wage gains of 5% during ..

  Determine consumption per worker

Calculate output per worker and consumption per worker for each country. Which country has the highest output per worker? The highest consumption per worker?

  Explain who has the same preferences as jim

Jim's utility function is U(x, y) = xy. Jerry's utility function is U(x, y) = 1,000xy + 2,000. Tammy's utility function is U(x, y) = xy(1 - xy). Oral's utility function is U(x,y)= -1/(10+2xy).Marjoe's utility function is U(x, y) = x(y + 1,000). Pa..

  Rational component of gender wage gap

There is a big gap in the earnings of married women and married men, even if individuals of both sex have the same level of education.

  Determine the growth rate of the economy''s real gdp

Assume that population is 100 in year 1 and 102 in year 2. What is the growth rate of real GDP per capita? (Instructions: Round your answer to two decimal places.) The growth rate of the economy's real GDP per capita = %

  What do you make of the large negative intercept estimate

Does the small R-squared in part (i) imply that spending is correlated with other factors affecting math10? Explain. Would you expect the R-squared to be much higher if expenditures were randomly assigned to schools-that is, independent of other s..

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