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Firm A makes and sells motorcycles. The total cost of each cycle is the sum of the costs of frames, assembly, and engine. The firm produces its own engines according to the cost equation: C E=250,000 + 1,000Q +5Q^2 The cost of frames and assembly is $2,000 per cycle. Monthly demand for cycles is given by the inverse demand equation P=10,000 - 30Q.
a.) What is the MC of producing an additional engine? What is the MC of producing an additional cycle? Find the firm's profit-maximizing quantity and price.
b.) Now suppose the firm has the chance to buy an unlimited number of engines from another company at a price of $1,400 per engine. Will this option affect the number of cycles it plans to produce? Its price? Will the firm continue to produce engines itself? If so, how many?
The market for qbits is initially competitive and the market demand is: P = 400 - 0.4QD . The combined marginal costs of the firms in the qbit industry are:MC =50 + 0.6Q. Calculate and show how much these firms will sell and what they will charge.
Solve the forecast model
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Suppose Thimajigs have a variable cost of $10 per unit and currently sell for $25. Price elasticity of demand for Thimajigs Et = -3.0 (A) Is the firm charging the optimal price for Thimajigs Demonstrate how you know.(B) Should the price be changed I..
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A monopolist has two types of customers. There are 100 of type A, who will each pay up to $10 for a single unit of goods, and 50 of type B, who will each pay up to $8. Neither is willing to purchase additional units at any price. If it must charge..
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