Which country do you think has higher per capita income

Assignment Help Microeconomics
Reference no: EM131725602

Assignment

1. A pharmaceutical company with exclusive patent control over the new miracle flu drug can sell its output in two different countries, with demands as follows (not drawn to scale):

2069_Demands.jpg

a. Which country do you think has higher per capita income? Why do you think so?

b. Calculate the elasticity of demand at Q = 200 for each country.

c. If the monpolist's TC = 0.50Q + 360, what quantities will it sell and what prices will it charge in each market? Draw a graph (or add to the ones give above) to illustrate your answer.

Reference no: EM131725602

Questions Cloud

Problem regarding the after-tax cash flow : If the firm's tax rate is 34%, calculate both its after-tax cash flow and its value given a risk adjusted discount rate of 12%
What is the probability that this student is underaged : You observe a student trying to put a note with his name in the goblet of fire. What is the probability that this student is underaged - How does the stake need
Solely on the internal rate of return rule : If the required rate of return for this investment is 13.5%, should you accept it based solely on the internal rate of return rule?
Describe the objective of the communication : Writing Skills Problem Staff members from the marketing department of your firm are doing a splendid job selling products to customers.
Which country do you think has higher per capita income : Which country do you think has higher per capita income? Why do you think so? Calculate the elasticity of demand at Q = 200 for each country.
What is brendas shut-down price for a dozen of eggs : What is Brenda's shut-down price for a dozen of eggs? Should Brenda continue producing eggs in the short run? Explain how you determined your answer.
Discuss the systems that are the most appropriate : Discuss the systems that are the most appropriate to introduce into your organization. Analyze a few of the systems that can have the greatest impact.
What is the firm market value leverage ratio : The firm's bonds are currently selling for $ 943 and the firm's stock is currently selling for $ 33 . What is the firm's market value leverage ratio.
Forecasting and projections important : How financial forecasting is essential to the strategic growth of a firm. Why are things like forecasting and projections important?

Reviews

Write a Review

Microeconomics Questions & Answers

  Evaluate the impact of public policy on economic growth

evaluate the impact of public policy on economic growth from an ethical and global position. Be sure to be specific as to which ethical posture you are taking.

  Equilibrium price and quantity after the shift of the supply

The demand and supply curves for T-shirts in LA, Ca, are given through the following equations, Determine the equilibrium price and quantity after the shift of the demand curve.

  Compute the value of the paasche price index

We are given the following information about prices and quantities consumed for four commodities over the last three years\: Commodity Price (c/kg) Quantity (kg) 1992 1993 1992 1993

  Why are banks able to keep reserves that are only fraction

1. what determines whether a financial asset is included in the m1 money supply? why are interest-earning checkable

  Major strategic objective of banks

"Cost efficiency can still be considered a major strategic objective of banks." No additional instructions were given. APA format and five sources

  Complete the table

Complete the table.

  Decrease in government spending initially-primarily shifts

A decrease in government spending initially and primarily shifts which curve in what direction? An increase in government spending initially and primarily shifts which curve in what direction?

  Identify at least three psychological processes

Outline covering the initial preparation for the Presentation.Consumer Traits and Behavior Include a thesis, major topics, and subpoints.

  The tax instead of splitting it with a producer

On a supply and demand chart, what would the slopes have to look like for a consumer to pay the whole amount of an excise tax equal to exactly the cost of the tax instead of splitting it with a producer?

  Write paper on supply and demand condition of boston beer co

Write a 2-3 pages on supply and demand condition and price elasticity of deman about Boston Beer Company. attachd is the guide paper.

  Determine effect electronic banking having on fed ability

The Journal of Internet Banking and Commerce at http://www.arraydev.com/ commerce/JIBC/current.asp is a Web-based magazine devoted to Internet banking and related issues.Take a look at the current edition and see whether you can determine what eff..

  Monopolist that practices perfect price discrimination

A monopolist that practices perfect price discrimination will choose an output level where marginal revenue is equal to marginal cost to maximise profit.

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