User Account

All Pages

What are the marginal revenue functions

Assignment Help Microeconomics
Reference no: EM132519869

A firm is deciding how to allocate its output between two geographically separated markets (1 and 2). Demand equations for the two markets are:

D1: P1 = 16 - Q1

D2: P2 = 24 - 2Q2

The monopolist's total cost is C = 10 + 4(Q1 + Q2).

(A) What are the marginal revenue functions for these two markets (MR1 and MR2)?

(B) What are the marginal costs for the two markets (MC1 and MC2)?

(C) What are the outputs for the two markets (Q1 and Q2)?

(D) What are the prices for the two markets (P1 and P2)?

Reference no: EM132519869

Questions Cloud

Illustrate the short run effects on the macroeconomy : Illustrate the short run effects on the macroeconomy by using the aggregate demand-aggregate supply model. Be sure to indicate the direction
Should the company xyz incorporate the feature : Assuming the discount rate is 6%, should the company XYZ incorporate the feature based on Net Present Value (NPV) Analysis?
What are the values of the profit-maximizing price : What are the values of the profit-maximizing price (P), quantity (Q), and profit for this monopolist?
Legal issues that pertain to using fixed-moving surveillance : Explain the legal issues that pertain to using fixed and moving surveillances. Explain the recommended number of persons for a lineup,
What are the marginal revenue functions : A firm is deciding how to allocate its output between two geographically separated markets (1 and 2). Demand equations for the two markets are:
What decision make based internal rate of return value : UTA wants to add a feature,What is the Internal Rate of Return and what decision would you make based the Internal Rate of Return Value?
Equilibrium market price of the stackelberg model : What is the reaction curve of Firm 2 (RC2)? Write down your RC2 in the format of Q2 = f(Q1), where Q2 = f(Q1) means Q2 is a function f of Q1
What are the reaction curves for the two firms : What are the reaction curves for the two firms (RC1 and RC2)? (Hint: in terms of prices)
Prove person committed crime : In order to prove a person committed a crime, a prosecutor must prove mens rea, actus reus, concurrence and proximate cause.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd