User Account

All Pages

Would the monopolist charge a higher price in market

Assignment Help Business Economics
Reference no: EM13156651

A monopolist operates in two different markets: market 1 and market 2. Price elasticities of demand in market 1 and market2 are -5 and -2, respectively.

Would the monopolist charge a higher price in market 1 or in market 2? Why?

Assume the price charged in market 2 was $10, what would be the price charged in market 1?

Reference no: EM13156651

Questions Cloud

Concerning religion : I need some help in finding topics to write about concerning religion. Maybe something like religion and teenagers or something about religion and school. I need a good topic and a good starting point.
Which has a higher standard reduction potential : A test electrode contains a solution of ubiquinone, with both the fully oxidized and fully reduced forms, at 1 M concentration each. A circuit is formed from this electrode using a KCL solution salt bridge with a standard hydrogen electrode (25 de..
What is the highest possible profit that you can make : Suppose that you have to charge a uniform price. That is you post a price and one canbuy as many units as one wishes at that price. What would be your price?
Test claim-ages have crash rates proportional driving rates : The 45-65 group, and 12% for the group over 65. Find the rejection region to test the claim that all ages have crash rates proportional to their driving rates.
Would the monopolist charge a higher price in market : Would the monopolist charge a higher price in market 1 or in market 2? Why? Assume the price charged in market 2 was $10, what would be the price charged in market 1?
Describe the changes in her total body water : Describe the changes in her total body water, intracellular fluid, plasma, and interstitial fluid levels that took place as a result of the pain, redness, and local swelling from the bee sting.
Determine the minimum sample size to construct : Determine the minimum sample size to construct a 90% confidence interval for the population mean. Assume the population standard deviation is 1.2 years.
How does sickle-cell trait provide resistance to malaria : Alleles for sickle-cell anemia have persisted in the population because they confer a selective advantage in the heterozygote by providing increased resistance to malaria.
What is approximate price that will be charged in market : Approximately how much output should the firm allocate to market 2? What is the approximate price that will be charged in market 1? What is the approximate price that will be charged in market 2?

Reviews

Write a Review

Business Economics Questions & Answers

  Performance of the consolidated company

Analyze the reasons for and against the merger and assess the actual performance of the consolidated company against the pre-merger expectations.

  Find out change in government costs under subsidy policy

Find out change in government costs under subsidy policy. Find out change in government income under tariff policy.

  How can the organization use technology to change

Describe the balance of fixed and variable costs for the organization. How can the organization use technology to change this balance for an advantage.

  Encourage low-risk behavior

Explain how high must the deductible be to encourage low-risk behavior

  Competitive market equilibrium

Calculate the firm's optimal output and profits if prices rise to $65 per unit and also calculate equilibrium output, price and profit levels if the firm is typical in its industry.

  Why do farmers landowners have an incentive

Why do farmers landowners have an incentive to maintain the productivity of their land over time.

  Illustrate what is the gdp of george and johns

Illustrate what is the GDP of George's and John's island in terms of clamshells.

  How do you guess the interviewed will answer

Keeping all else constant, their answer would likely differ. How do you guess the interviewed will answer? Does the difference in response matters? I

  What is the market value of this patent

Assume a firm has a patent on one of its products whose sale generates $32,700/year more revenue than production costs. If the annual interest rate is 20 percent, what is the market value of this patent.

  Explain how many units of labour should firm hire

Suppose capital is fixed at 16 units. If firm can sell its output at a price of $100 per unit and can hire labour at $25 per unit, Explain how many units of labour should firm hire in order to maximize profits.

  What happens to money supply and interest rates in general

What happens to money supply and interest rates in general if Federal Reserve is a net seller of government bonds.

  What does the airline pilot’s supply curve in the case

What does the airline pilot’s supply curve in the Case in Point on how she has dealt with wage cutbacks look like? Does the substitution effect or the income effect dominate? How do you know?

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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