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!
Suppose that the supply of the competitive fringe is perfectly elastic at p = p f . Suppose that there is a dominant firm with marginal cost per unit of cD with a capacity constraint of m¯ , where p f > cD . Let the demand curve be P = 100 - Q.
(a) Suppose that the constraint is not binding. For what values of cD will the dominant firm be an unconstrained monopolist?
(b) Suppose that the dominant firm's unit costs are greater than the maximum value found in (a), but still less than p f , and capacity is not constrained. What is the profit-maximizing price of the dominant firm?
(c) Suppose that p f = 60 and cD = 0. If the dominant firm is not capacity constrained, what is its optimal price?
(d) Suppose that m¯= 30, p f = 60, and cD = 0. Will the firm be a price maker? Will it earn monopoly profits? How much is a unit of its capacity worth? What are its Ricardian rents?
(e) Does the absolute cost advantage create a barrier to entry in (c)? In (d)?
If die is loaded so that 6 comes up with probability 0.2 and probabilities of 2,3,4, and 5 faces are not affected, determine the assignment of probabilities to the six faces?
A meat processing plant has processed an average of 100 tons per day for the last several years. Newer processing machines have been installed recently.
the city council of pine bluffs is considering increasing the number of police in an effort to reduce crime. before
each statement identifies a dependent variable and one independent variable that might be used in a simple linear
A certain company relies heavily on phone orders. Suppose past records show that R% of all incoming phone calls to this company are orders from customers.
Determine the probability, using binomial distribution, of obtaining 4 or more nonconforming units when sampling 30 computers from batch known to be 10% nonconforming.
A class contains 30 students. Ten are female (F) and U.S. citizens (U); 12 are male (M) and U.S. citizens; 6 are female and non-U.S. citizens (N); 2 are male and non U.S. citizens. A name is randomly selected from the class roster and it is female..
The interval 6 to 12 pounds. find the probability that a person on this diet losses more than 11 pounds in the first two months.
The student body of a large university consists of 70% female students. A random sample of 6 students is selected. What is the probability that among the students in the sample exactly three are female?
How is an antiderivative related to a derivative
What can we conclude from this summary, Which of the following statements is correct and In which of the following situations would permutation tests be suitable
The original simple form of the Connecticut state lottery (ignoring a few gimmicks) awarded the following prizes for each 100,000 tickets sold. The winners were chosen by drawing tickets at random. If you hold one ticket in this lottery, what is y..
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