Calculate the output and price in market, Managerial Economics

Assignment Help:

Question:

Discuss the pricing practices adopted by firms under different market structures.

OR

A firm produces a good, which is sold on delivery and in restaurants. The demand curve function for consumers on delivery and in restaurants are, respectively,

Delivery:   Q1 = 250 - 10P1
Restaurants: Q2 = 500 - 25P2
The firm's total cost function (TC) is: TC = 200 + 5Q

Calculate the output and price in each market and profit of the firm:

(i) in the absence of price discrimination;

(ii) when there is price discrimination;

(iii) Under what conditions price discrimination can be practiced?


Related Discussions:- Calculate the output and price in market

Managerial Economics, Calculate point elasticity of demand for demand funct...

Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2

Interaction of supply and demand, Interaction of supply and demand, equilib...

Interaction of supply and demand, equilibrium price and quantity In perfectly competitive markets the market price is determined by the interaction of the forces of demand and

Way to deal with price rises, a) A country should always protect its dome...

a) A country should always protect its domestic industries. Discuss. b) To what extent can a country actually rely on the principle of Comparative Advantage before engaging

What is the expected profit, The Barcelona Football Club is considering the...

The Barcelona Football Club is considering the signing of a player of international fame. The problem is that the player has a reputation for having a weak knee. The probability th

Income elasticity of demand, demand function is q=4850 - 5p(1) + 1.5p(2) + ...

demand function is q=4850 - 5p(1) + 1.5p(2) + 0.1 Y WHEN Y=10000 p(1)=200 p(2)= 100 find income elasticity of demand for p(1)

International financial institutions, INTERNATIONAL FINANCIAL INSTITUTIONS ...

INTERNATIONAL FINANCIAL INSTITUTIONS In July 1944, a conference took place at Bretton Woods in New Hampshire to try to establish the pattern of post-war international monetary

Law of demand, explain the law of demand. briefly discuss the exception to ...

explain the law of demand. briefly discuss the exception to the law of demand

What is production isoquant, Q. What is Production Isoquant? An isoquan...

Q. What is Production Isoquant? An isoquant demonstrates all those combinations of factors that produce the same level of output. An isoquant is also called as equal product cu

Consumer welfare, '' monopoly is good for consumer welfare" is this crrect

'' monopoly is good for consumer welfare" is this crrect

Type of economic system, Question 1: (a) Briefly explain and distingui...

Question 1: (a) Briefly explain and distinguish between a centrally planned, laissez-faire and mixed economy. (b) According to you, which kind of economic system is most d

Write Your Message!

Captcha
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