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

#Demand function.., Calculate point elasticity of demand for demand functio...

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

Explain the short run cost function, In the short-run the firm can't modify...

In the short-run the firm can't modify or change overhead factors like equipment, plant and scale of its organisation. In the short-run output can be decreased or increased by chan

Elasticity of demand, When given two demand functions to calculate elastici...

When given two demand functions to calculate elasticity of demand do you use point elasticity or arc elasticity of demand formula

Shift in the supply curve, Shifts in the supply curve Shifts in the su...

Shifts in the supply curve Shifts in the supply curve are brought about by changes in factors other than the price of the commodity. A shift in supply is indicated by an entir

Explain the importance of managerial economics, Explain the importance of M...

Explain the importance of Managerial economics Managerial economics bridges the gap among 'theoria' and 'pracis'. The tenets of managerial economics have been derived from quan

Monopoly, features of monopoly?

features of monopoly?

How we can measure elasticity of demand, How we can measure Elasticity of d...

How we can measure Elasticity of demand Though a manager requires an exact measure of this relationship for appropriate business decisions. Elasticity of demand is a measure t

Demand forecasting, what is the importance of demand forecasting to manager...

what is the importance of demand forecasting to managers

Monopolist advertise, A  monopolist has two types of customers. There are 1...

A  monopolist has two types of customers. There are 100 of Type A, who will every pay up to $10 for a single unit of the good, and 50 of Type B, who will every pay up to $8. Neithe

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