Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
(Price Discrimination of Second Degree) A monopolist has 2 sets of customers distinguished by their demand functions p1=15-p1 and p2=25-2(q2)respectively. The total cost function of the firm is of the form C(Q)=5+3Q , where Q=q1+q2
(a) Derive the aggregate demand function of the monopolist and draw it in a clearly labeled diagram.
(b) Derive the aggregate marginal revenue function and graph it in the same diagram.
(c) Derive the optimal uniform price and the equilibrium level of profit. Illustrate the equilibrium in the figure you drew for parts (a) and (b).
(d) Obtain the consumer surplus in each market under uniform pricing and the total producer surplus in the two markets combined.
(e) Now assume that the monopolist can practice group pricing. What are the profit maximizing prices and levels of consumer surplus in the 2 markets?
(f) Defining total surplus as the sum of consumer and producer surplus in the 2 markets, does price discrimination increase or reduce total surplus?
Suppose Congress and the president decide that the best method to stimulate the economy is to cut taxes. The total amount of tax cuts approved is $300 billion and the current MPC is .80. Determine the initial fiscal stimulus and the cumulative fiscal..
In standard macro model, it is usually time preference that causes positive interest rate. But is there anything to do with risk aversion of utility function that causes existence of positive interest rate?
An Onyx Corporation design also manufactures a broad range of fluid handling also industrial products.
Suppose an industry facing an inverse demand equation equal to P = 120-4Q faces a new pollution control law that shifts its constant marginal cost of production from C1 = 50 to C2 = 68. Compute the social costs of regulation in this industry.
In the pen industry, a large number of firms produce differentiated products, and compete on quality, price, and marketing. They aren’t protected by laws or regulations. This market most closely resembles
You are earning 4.8 percent on a certificate of deposit. Inflation is running 2.2 percent. What is the real rate of return on your investment?
Utilize Managerial Economics to make your case, and remember that the Senator has not had benefit of the course you are taking. demonstrate and document the trends in medical costs
You are asked whether current antipoverty policy meets three generally accepted goals of helping, minimizing cost, preserving work incentives also what changes you would favor and why.
q1. a growth at a rate of 2.5 may seem slow but this means a country gdp will double within 28 years. 100 10.02528 200
The upward trend in the number of Bilateral Investment Treaty (BIT) has accelerated even after members of the World Trade Organization signed Trade Related Investment Measures (TRIMs) and Trade Related Intellectual Property Rights (TRIPs) in 1993. Ex..
Draw the PPFs for A and B when they work for 4 hours. What if the OC of shirt for A? What is the OC of shirt for B? What is the OC of cake for B? Who will export shirts? Why?
Which of these did the new Dodd-Frank act to do something to address:
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd