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A monopolist sells its product in two separate markets, A&B. The demand functions for the two markets are: P(A) = 30,000 - 0.4Q(A) P(B) = 20,000 - 0.2Q(B) The total cost function for the firm is: TC = 10,000,000 + 12,000 [Q(A) + Q(B)] a) Should the firm charge a different price in each market in order to maximize its profits? If yes, what are these prices? b) How much output is sold at these prices and what is the profit in each market? c) Based on your answer in part a, justify why would the firm charge same or different prices.
The president of your corporation, Mr. daily, has asked you to make a report describing the many forms of market structure. He describe to you that the report will be handed out to staff prior to the staff meeting next week
Estimate the cash flow to be included in the horizon year and what will be the horizon value if there is no profit growth?
What is the main research question(s) asked by the paper? Why should we care about this question? How does it t into the literature in economics of history?
Assume that you became president of small theater company. Your playhouse has the 120 seats and small stage. The actors have national reputations, and demand for tickets is enormous relative to number of seats available
A company wants to prepare the demand curve for its product that it is selling. How would it get the information to prepare the schedule? How could a company prepare the demand curve for the new product that has not been seen by the public?
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How does knowledge of value elasticity between different groups of consumers or for several products enable managers to price discriminate, change different prices for these groups?
Provide specific example of how you used the marginal decision making principle to choose between two alternatives.
Given a 15% raise in a good's price and a 25% decrease in quantity demanded for good by consumer, which of the following types of elasticity best describes the demand curve for the consumer?
Describe how each of the following will affect the price and quantity of equilibrium. To find out the new values, describe how the supply and/or demand curves will shift in the following cases (if at all).
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