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A monopolist produces a single homogeneous good, which he sells in two marketplace between which discrimination is possible. His total cost function is:TC = Q3 /3 - 40Q2 + 1800Q + 5000where annual total cost is in dollars and annual output in tons. The demand curves in the two markets are given by the equationsq1 = 320 - 0.4 p1 andp2 = A - Bq2The monopolist achieves a profit-maximizing equilibrium at which his total output (Q = q1 + q2) is 60 tons per annum and his annual pure profit is $5,000.(a) What is the marginal cost at the profit maximizing output?(b) What are the values of q1 and p1 at this output?(c) What are the values for total cost and total revenue at this output?(d) What are the individual values for total revenue in each of the markets?(e) Having calculated all of the above, it is now easy to calculate the values for A and B in equation p2 .What are these values?
A company under monopolistic competition faces the demand curve: P = 500 - 12.5Q. The company's marginal cost is MC = 200 + 5Q.
Mid-Atlantic Cinema, runs a chain of movie theaters in east central states and has enjoyed great success with a Tuesday Night at the Movies promotion.
The total monthly cost for marketing this product is composed of $3000 additional administrative expenses and $50 each unit for production and distribution costs.
Assume the external marginal cost of pollution is MCext=5Q and internal marginal cost is MCint=10Q. Further, suppose the inverse demand for the product, Q, is given by P = 90-Q.
Use the following data to answer the questions given below; Calculate the profit-maximizing level of output and price if the company sells all of its tickets at one price.
Business Week, in an article dealing with management, wrote, "When he took over furniture factory three years ago. Realized almost immediately that it was throwing away at least $100,000 a year worth of wood scrap.
A new manager recently was given an project to make two possible wage schemes for a design firm. The manager came up with the following packages:
Assume that the demand for a gas station is given as PD = 2.06 - .00025QD. The marginal cost is $1.31 per gallon. At his current $1.69 price,
Let the production function be given through, Assume the plant size (K) is fixed in the short run at 100.
Post a memo to explain the factors that contribute to the elasticity of goods. Also incorporate a real-life example of price elasticity of demand, and discuss how it impacts the economy.
Your supervisor recently instituted a plan that encourages her managers to share non private demographic characteristics voluntarily provided by those who buy your company's final product.
Assume the Kalamazoo Competition free Concrete's demand function is D=5,000-50P, its marginal cost is 40 dollar per cubic yard,
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