Find the monopsony first mover competitive fringe buyer, Microeconomics

Assignment Help:

Draw the suitable graph for each situation and describe a real world situation in health care in which the market structure utilized in the question may exist.

Demand: P=6,000-0.1Q

Large Firm: TC=10,000+ 4q+q2   , MC=4+2q

Small firm: TC=300+10q+ q2 , MC=10+4q

1. Find monopsony P, Q, qi, CS, PS, Profit for the ith firm and DWL if there are 132 identical firms (use the small firm costs.)

2. Find the monopsony first mover competitive fringe buyer (there are 120 fringe buyers and 132 small sellers) solution using the following cost and demand condition.

Demand large buy buyer: P=5000-2Q

Demand small buyer: P=5000-50q

Small firm: TC=300+10q2 , MC=10+4q


Related Discussions:- Find the monopsony first mover competitive fringe buyer

Calculate the expected value, 1) Investments 1A) What are the ...

1) Investments 1A) What are the two components to total return ?  What does expected value measure?  What does standard deviation measure?  How can each result be

Derive the optimal contract, Assume that in the market there exist two type...

Assume that in the market there exist two types of workers where the principle cannot distinguish types. The two types only differ with respect to the disutility of effort. The dis

External cost or external benefit, Explain externality, how can government ...

Explain externality, how can government intervene to achieve allocative efficiency in case of external cost or external benefit? Answer The term externalities refers to bot

Administrative reforms - economic policy, ADMINISTRATIVE REFORMS - ECONOMIC...

ADMINISTRATIVE REFORMS - ECONOMIC POLICY: During the last few decades, phenomenal changes are taking place at a fast rate in the field of science and technology as well as in

Explain the concept of opportunity cost, The concept of opportunity cost oc...

The concept of opportunity cost occupies a very important place in modern economic analysis. The opportunity cost of any good is the next best alternative goods that are sacrificed

Is the natural rate of unemployment includes frictional, Is the natural rat...

Is the natural rate of unemployment includes frictional, structural & seasonal unemployment?  The natural rate of unemployment contains frictional, structural & seasonal unempl

Reasons for state trading, There are different reasons for state trading. I...

There are different reasons for state trading. Important reasons are given below. (i) State may directly buy the goods required by the various government departments and agencie

Calculate revenue, Question 1  (9 marks) During the 1990s, technologi...

Question 1  (9 marks) During the 1990s, technological advance reduced the cost of computer chips.  Explain, with the use of supply and demand diagrams, how the following mark

Strategies and policies for administrative reforms, STRATEGIES AND POLICIES...

STRATEGIES AND POLICIES FOR ADMINISTRATIVE REFORMS: As stated in a United Nation's Publication, following strategies and policies are necessary to bring about administrative i

Foreign exchange: what is hard currency, International economic relations a...

International economic relations also depend, in large calculate, on monetary =issues.  You are unlikely to accept the Turkish Lire in payment for your wages in this country, easil

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