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A firm is able to charge different prices in the Domestic and Foreign markets. The Domestic market demand curve is Qd = 24 - Pd , while the Foreign market demand curve is Qf = 18 - Pf. Suppose the firm has a cost curve for total output Q given by ?C(Q) = Q^2 What are the optimal quantities and prices for the two markets?
Print this page out and use the space below and the back to write out and clearly indicate your answers. Do not use this sheet as scrap paper, but use it to neatly present your work. A firm is able to charge different prices in the Domestic and Foreign markets. The Domestic market demand curve is ap 24 pD, while the Foreign market demand curve is qF 18 pF. Suppose the firm has a cost curve for total output q given by c(q) q2. What are the optimal quantities and prices for the two markets?
Develop an alternative analysis for a family of three, where both parents work fulltime and the third person is a young child, looking to purchase a $150,000 dwelling and they are considering whether to purchase a single family home, a townhouse, or ..
Broadband technology refers to ___________.
Suppose that the demand for olive oil is highly inelastic. Also suppose that the supply of olive oil is fixed for the year. If the demand for olive oil suddenly increases because of a shortage of corn oil, you would expect a _____________ in the pric..
In the context of your marketing plan project and the marketing research process (Kolter page 36), what one question would you ask of all your current customers? How would you ask the question and why?
Cab Wheeler is a newly hired business analyst with your group. Cab has always felt that questionnaires are a waste and interviews are the best way to elicit requirements. Now that you will be doing a systems project for MegaTrucks, Inc., a national t..
Compute what happens to the quantity of K. Your answer must include the appropriate sign. Correctly round your answer to 2 decimal places. Do NOT include the percent sign as part of your answer.
Which piece of information would be least useful in trying to predict the effect of a $700M increase in government spending on equilibrium GDP?
q.in a certain city where all parking is controlled by the city it is possible to provide parking facilities in the
To assess the impact of those mergers,on industry on consumers and on society as a whole.
Consider a market structure where there is a monopoly in input market (upstream monopolist) and also there is a monopoly in product market (downstream monopoly). If each firm maximizes its profit then there is double mark up. Show that if these two f..
This discussion is about the excerpt from "Office Space." In the movie Peter says: “It’s not that I am lazy. It is that I just don’t care…The problem is one of motivation.” What kind of problem is depicted in the movie? Is it one of moral hazard or ..
Suppose the quantity demanded of good (Qd) depends only on the price of the good (P), monthly income (M), and the price of a related good R (PR): Interpret the intercept and slope parameters for the demand equation in part a.
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