Reference no: EM131335696
The platypus is a shy and secretive animal that does not breed well in captivity. But two breeders, Sydney and Adelaide, have discovered the secret to platypus fertility and have effectively cornered the market. Zoos across the globe come to them to purchase their output; the world inverse demand for baby platypuses is given by P = 1,000 - 2Q, where Q is the combined output of Sydney ( qS ) and Adelaide ( qA ).
a. Sydney wishes to produce the profitmaximizing quantity of baby platypus. Given Adelaide's choice of output, qA , write an equation for the residual demand faced by Sydney.
b. Derive Sydney's residual marginal revenue curve.
c. Assume that the marginal and average total cost of raising a baby platypus to an age at which it can be sold is $200. Derive Sydney's reaction function.
d. Repeat steps (a), (b), and (c) to find Adelaide's reaction function to Sydney's output choice.
e. Solve for Sydney's profit-maximizing level of output and Adelaide's profit-maximizing level of output. f. Determine industry output, the price of platypus, and the profits of both Sydney and Adelaide.
g. If Adelaide were hit by a bus on her way home from work, and Sydney were to become a monopolist, what would happen to industry quantity, price, and profit?
|
What are the various components
: How would you describe Apple's (or United Way) brand strategy? Discuss other brand strategies marketers use to develop brand loyalty. Give a detailed description of what in involved with the strategy--what are the various components?
|
|
Identify how three specific technologies
: Research and identify how three specific technologies (texting, mobile phones, voice mail, email, Twitter, etc.) can be used to provide customer service to customers. Provide detailed information on how each technology is used.
|
|
Identify important sources of epidemiological data
: Define key terms in epidemiology, community health, and population-based research. Identify important sources of epidemiological data
|
|
What the adjusting entry will require
: ACCT311- The Allowance to Adjust Investment to Market account has a current debit balance of $850. Available-for-sale investments with a cost of $10,000 have a current market value of $12,300. What The adjusting entry will require?
|
|
Derive sydney''s residual marginal revenue curve
: Sydney wishes to produce the profitmaximizing quantity of baby platypus. Given Adelaide's choice of output, qA , write an equation for the residual demand faced by Sydney.
|
|
What is the cpt
: What is the CPT? What symbols are used throughout the CPT coding book? Why are they used?
|
|
Determined your firms market demand equation
: In Assignment 1, you determined your firm's market demand equation. Now you need to find the inverse demand equation. Having found that, find the Total Revenue function for your firm(TR is P x Q).
|
|
Research the types of jobs and companies
: Make a list of your career interests. Research the types of jobs and companies that relate to your interests. Note: You do not need to submit this list.
|
|
Conduct a design of experiment in order to test cause
: A company wishes to improve its e-mail marketing process, as measured by an increase in the response rate to e-mail advertisements. The company has decided to study the process by evaluating all combinations of two (2) options of the three (3) key..
|