If monopolist can find buyers

Assignment Help Business Economics
Reference no: EM13892020

If a monopolist can find buyers for 10 units at a price of $40, and if the marginal revenue due to the 11th unit is $18, the highest price at which the monopolist can find buyers for 11 units must be

$36.

$38.

$41.

$42.

$18.

Reference no: EM13892020

Questions Cloud

The natives simply trade her checks among themselves : A famous American has been visiting the same tropical island for 15 years for vacations. When she goes she pays for everything by writing checks drawn on her U.S. bank. The currency the natives use are not U.S. dollars; they use a currency called a f..
What is the evolution of the capital stock over time : The economy of the United States is described by the following aggregate production function: Yt = minimum (Kt, Lt).  Saving occurs at a constant rate s. Each period, capital depreciates at a constant rate δ. The population is constant. What is the e..
Profits tax affect the profit-maximizing quantity of output : Would a lump-sum profits tax affect the profit-maximizing quantity of output? How about a proportional tax on profits? How about a tax assessed on each unit of output? How about a tax on input xi?
What happens to the quantity of the heating oil demanded : Suppose the price elasticity of demand for heating oil is 0.2. If the price of heating oil rises from $1.80 to $2.20 per gallon, what happens to the quantity of the heating oil demanded? use the mid-point method.
If monopolist can find buyers : If a monopolist can find buyers for 10 units at a price of $40, and if the marginal revenue due to the 11th unit is $18, the highest price at which the monopolist can find buyers for 11 units must be
Imposition a sales tax on purchase of luxury products : Use appropriate graphs and provide clear explanation ( using relevant economic theories and discussions ) for the likely economic impact of each case. Imposition of sales tax to reduce consumption of tobacco among those who are heavily addicted to us..
Suppose that the? long-run aggregate supply curve : Suppose that the? long-run aggregate supply curve is positioned at a real GDP level of $14 trillion in base year? dollars, and the? long-run equilibrium price level? (in index number? form) is 120.
Find the value of money demanded when income : Derive the LM curve when the money supply increases by 500.  Derive the LM curve when money supply decreases by 10%. Find the value of money demanded when income Y = 15,000 and interest rate R = 5. Is this equilibrium? Why? Why not?
Shareholders are special because they provide capital : Shareholders are special because they provide capital. But, debt holders, including banks and bondholders, clearly also provide capital. Moreover, employees provide human capital, while suppliers and vendors provide raw inputs, often with generous cr..

Reviews

Write a Review

Business Economics Questions & Answers

  Case power to the people

Chapter 2 An example of a case power to the people. Figure 2-6 contains snapshot of excel spreadsheet. What is the formulas used to calculate figure 2-6. Please assist.

  Elucidate the best response functions for a and b

Assume an industry is a duopoly. Elucidate the best response functions for A and B.

  How much would he have earned

Rick Nash, a player for the Columbus Blue Jackets hockey club earned $5.25 million this year. The CPI for this year is 225, base year 1983. If Rick were to maintain his current purchasing power how much would he have earned in 1983?

  Most risk to the subcontractor

determine which of the risks involved holds the most risk to the subcontractor.

  1 explain why work done at home is not incorporated however

1. explain why work done at home is not incorporated however housing services that are also done at home are

  How would you go about measuring return

How would you go about measuring return, how would you decide if it is good enough to warrant investment and in what sense is education capital.

  Data on consumption-investment-exports and imports

Measuring GDP The following table shows data on consumption, investment, exports, imports, and government expenditures for the United States in 2009, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the..

  Repayments in equal instalments-an add-on interest rate

You plan to borrow $2,000 in order to take a vacation and want to repay the loan in a year. The banker offers you the following two alternatives of repaying the loan. (1) a simple interest rate of 12% with repayments in equal instalments six months a..

  Amount of wheat and clothing produces

Assume there are no other countries willing to trade goods, so when there is no trade between these two countries, each country consumes the amount of wheat and clothing it produces.

  Total variable costs

Consider a firm with the following total variable costs (TVC). If the firm has already purchased the equipment, answer the following: (i) if the firm chooses to operate, what is its best possible output?

  Anticipate the impact of the entry of another producer

Assume that each firm is free to set its production level, but each firm can communicate (via the business press) what they plan to do first. Using an economic model, show that it might be difficult to sustain a cooperative (high-profit) outcome. Wha..

  3a wine producer claims that the proportion of its

3a wine producer claims that the proportion of its customers who cannot distinguish its product from frozen grape juice

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